On CNBC, Strategist Says Dollar Will be ‘Utterly Destroyed’; We Are Moving Toward ‘New World Order’

Wow, this was on CNBC:

The dollar will get “utterly destroyed” and become “virtually worthless”, said Damon Vickers, chief investment officer of Nine Points Capital Partners.

“We don’t have resources. Neither does a lot of Asia to be quite frank,” Vickers said on CNBC’s Asia Squawk Box. “Countries that have resources — the Brazils, the Canadas, Australia — their currencies are doing well.” Vickers noted that their stock markets have done the best year-to-date.

“They have stuff. They’ve got resources. They export real things. The United States exports ‘promises’ and ‘pretty paper’,” he added.

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.

Vickers added that this is the time where investors should be making money when the trend is developing. “Oil looks higher, gold looks higher, currencies look weaker.”

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  • Anonymous

    No we shouldn’t let it. One issue we face right now is a dearth of freedom and an innundation of bureaucracy. Global government will aggrivate this situation. Seccession, decentralization, and disintergration of central goverments and banks is needed to cure these ills that plague us.

  • tonyviner

    Only if we let it. Should we, in fact, let it?

  • fedupwiththefed

    No we shouldn't let it. One issue we face right now is a dearth of freedom and an innundation of bureaucracy. Global government will aggrivate this situation. Seccession, decentralization, and disintergration of central goverments and banks is needed to cure these ills that plague us.

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