He used the Euro as an example and noted that by that measurement, the world will likely shrink the number of currencies down dramatically in the next couple decades.
While not everyone agreed with his analysis, this gets into the symptoms of a much larger issue playing out before our eyes on the global stage as we see economies throughout the world attempt to revive themselves against the global currency bubble. Interest rates are going negative and stock markets are being propped up. The everything bubble eventually will burst, there's just no saying exactly when.
Tim explains this issue and gives his thoughts on this news out of the WEF.