MAKING AMERICA GREAT AGAIN BY DESTROYING THE DOLLAR IS BAD FOR AN AVERAGE AMERICAN INVESTOR $GLD $AMD $GDX $FB $NVDA $UUP $NFLX $AAPL $NUGT $USO
No politician in the United States wants Americans to be worse off and deliberately take steps that are bad for an average American investor. However the policy of destroying the dollar, though well-intentioned, will lead to American investors being worse off in the long term. In the short term, investors are celebrating a lower dollar. But it is also prudent to start thinking of defensive steps to preserve wealth. The dollar fell to a three-year low after comments by the Treasury Secretary Mnuchin on Wednesday in support of a weaker dollar. It was the biggest one-day fall in 10 months.