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IPFS News Link • Economy - Economics USA

CNBC - Dollar Will be Utterly Destroyed, Global Currency, New World Order

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Friday, 6 Nov 2009 - The dollar will get "utterly destroyed" and become "virtually worthless", said Damon Vickers, chief investment officer of Nine Points Capital Partners. Due to the huge wage disparities between the United States and emerging markets like China, Vickers said that may resolve itself in some type of a global currency crisis.

"If the global currency crisis unfolds, then inevitably you get an alignment of a global world government. A new global currency and a new world order, so we may be moving towards that," he said.

For those who have claimed this is a fake clip I suggest you visit CNBC's website:

1 Comments in Response to

Comment by Trouser Chili
Entered on:

CNBC is not a reliable predictor of the future.  This may be a contrarian indicator, especially if we see more of these predictions in the future.

In fact, CNBC may indeed be signaling a bottom in the dollar here with this report.  Did it hit its low in late October?

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