Today on Frank Gaffney’s Secure Freedom Radio, Swiss America Executive Craig Smith helps Frank break down the way in which the Chinese manipulate the value of their currency and what it means for you.
It’s no secret to anybody in the financial world that the Chinese have been manipulating their currency for a number of years to the disadvantage of America… Given the lack of experience Mr. Obama has in this area, I think the Chinese have the upper hand. I think the trade negotiations are going to go much in favor of the Chinese and we are going to continure to see the Yuan used a a financial weapon against America. It plays into the bigger picture of our security as you well know. Even our Secretary of State, Hilary Clinton, said that in our weakened state of finance it weakens us on a national security basis.
Listen to the rest of the conversation here: [audio: http://www.securefreedomradio.org/wp-content/uploads/2010/09/09162010_seg4_Smith_10min5.mp3]