Craig R. Smith is chairman of Swiss America Trading Corporation, a national investment firm specializing in U.S. gold and silver coins. Mr. Smith founded the company in 1982 out of a bedroom in his home with $50.00. It has since grown into one of the largest and most respected firms in the industry known for its dedication to consumer education and safety.Mr. Smith's free market economic worldview offers audiences a breath of fresh air amid today's failed "big government" approach. Mr. Smith is an expert in many forms of tangible assets including oil and precious metals. Sought after by the media for his commonsense insights on breaking news and financial trends, Mr. Smith has been interviewed on over 1,500 radio and TV programs over the last two decades. Craig is a frequent guest on Fox's Your World with Neil Cavuto and writes a weekly editorial for WorldNetDaily.com.
Crashing the Dollar: How to Survive a Global Currency Collapseby Craig R. Smith, Lowell Ponte
Crashing the Dollar crackles with the page-turning excitement of a spy novel or murder mystery as it tracks down those who are killing the U.S. dollar, and strips bare the secret agenda and tactics of those behind today's impending economic collapse. The current economic downturn-the worst since the Great Depression-will soon be replaced, this book predicts, by severe inflation that could destroy the value of the U.S. dollar. The dollar is the world's "reserve currency," used in international purchases of oil and other key commodities, and in central bank reserves that many other countries use to support their own currencies. Inflation is coming, this book argues, because the United States now has combined short-term and long-term obligations of more than $120 trillion. Crashing the Dollar offers ways to save our republic and, if we prepare wisely, ourselves from the death spiral of extreme debt and extremist politics that scheming politicians and radical activists have deliberately created.
- Idea Factory Press
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This is a great book full of important information for this time of uncertainty. I learned a lot about the manipulation of our country's economy and what the average person can do to survive what is coming.
Unremarkable for its partisan view of everything. I think they reallyl believe that the American Establishment is made up of all Democrats and that Republicans have been fighting the good fight against inflation for decades. They don't even begin to present or account for what the Fed is doing or why presidents of both parties say one thing and then do just what every other president has done.They have a poor grasp of the bond and commodites markets, and no grasp of what has become of mortgage-backed securities and the big insurers. They do mention "derivatives" and "hedging agreements, credit default swaps and fractional default banking once in Chapter Six, but their conclusion regarding these forms of toxic debt is simply "Derivatives have given AIG Insurance and others a way to create paper worth $10 to $20 of every dollar of backing. That hardly seems to cover it. This book is the invention of a "roving editor" for Readers' Digest and a guy whose best credential seems to be that he was interviewed on CNBC and Fox. Oh, yeah, and it has an introduction by Pat Boone, which ought to impress just everybody. Other than a few quotes attributed to George Washington, Thomas Jefferson and Jay Leno, there is no supporting documentation for one single statement in the book. If you are considering buying this book because of its subtitle: How to Survive a Global Currency Collapse, forget it. Much like the economy, the appeal of the book is based on unkept promises. There is not one instance of "how to" in all of its 188 short-sighted pages. In fact, the last four chapters seem to be dedicated to the proposition that we've passed the point of no return. The advice given on how to save yourself? Invest your savings in "...antiques, collectibles, stored food, gold--that will retain value when the dollar inevitably collapses." There. That's all of it. You don't need to spend $15.00 on this book, so spend it on bags of cheap pet food. I'm betting that's the thing that will be the commodity in shortest supply when the implosion hits.
We learned a lot about what is really going on in our country and with finances... very well written...