Damon Vickers on CNBC: ‘The Dollar Will Utterly Get Destroyed’, ‘New Global Currency’, ‘New World Order’

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.

Added: November 06, 2009

Related information:

– President Obama creates 640,329 jobs at a cost of $323,739.83 per job

– New Record: Americans on Food Stamps Tops 36 million – Study: Half of US Kids Will Receive Food Stamps

– Prof. William Black: Timothy Geithner ‘Burned Billions,’ Shafted Taxpayers on CIT Loan

– Citigroup and JPMorgan are hoarding cash as if another crisis were on the way

– CIT’s Bankruptcy Erases $2.33 Billion of Taxpayer Money, May Help Bondholders And Gives Goldman Sachs $285 Million ‘Windfall’

– Ron Paul: Be Prepared for the Worst

– Billionaire investor Wilbur Ross: US in The Beginning of a ‘Huge Crash in Commercial Real Estate’

– We Are Facing a Total Breakdown of Financial Markets

– CIT Bankruptcy Filing Expected in Days; $2.3 Billion Taxpayer Money to Be Wiped Out; Goldman Sachs Receives $285 Million In Termination Fees

– $160,000 Per Stimulus Job!?! The White House Calls That ‘Calculator Abuse’

– More Than 40% of President Obama’s Top-Level Fundraisers Secured Posts in His Administration

– Lord Christopher Monckton: Is President Obama Poised to Surrender the Constitution and US Sovereignty to World Government?

– New York Fed’s Secret Choice to Pay for AIG Swaps Squandered Billions of Taxpayer Money

– US bank chargeoff rate exceeds Great Depression: Moody’s

– Economist Andrew Smithers: S&P 500 Overvalued by 40%, Set to Fall

– China Containerised Freight Index drops for first time since June – Global economy could be in for a double dip recession

– Citigroup Is In Serious Trouble

– Lazard Asset Management Fund Dumps The US Dollar

– US Bank Failures Stack Up: Now 106 For 2009

– Losing their lifeline: 7,000 people a day run out of unemployment benefits

– Fall Of The Republic – The Presidency Of Barack H. Obama (The Full Movie HQ)

– Wall Street insider Nomi Prins: ‘Recovery is not even on horizon’

– Vice President Joe Biden Declares The US Is in A Depression

– Niall Ferguson (’Ascent of Money’): The US Dollar Is Dying a Slow Death; There Has Been No Stock Market Rally

– Gerald Celente: ‘Their is no recovery; It’s a coverup. We are already in the Greatest Depression.’

– How The Federal Reserve Banksters Bailed Out The World

– Death of ‘Soul of Capitalism:’ 20 reasons America has lost its soul and collapse is inevitable

– Latin American leaders agree on new currency, sanction Honduras

– Russia ready to abandon US dollar in oil, gas trade with China

– Iran to drop US dollar from forex reserves

– Sumitomo Chief Strategist: US Dollar to Hit 50 Yen, Cease as Reserve Currency

– DOW at 10,000!!! Oh Wait, Make That 7,537

– Marc Faber on Bloomberg: Dollar decline and inflation – Oct. 14, 2009

– David Tice: Gold Heading to $3000 Unless America Hits the ‘Reset’ Button

– Jim Rogers: ‘I Am Quite Sure Gold Will Go Over $2000?, Dollar Will Lose Reserve Status

– US Dollar Reaches Breaking Point as Central Banks Shift Reserves

– Financial Times: US mantra of strong dollar loses its value

– The Federal Reserve buys Fannie Mae bonds; Timothy Geithner is a liar

– Gerald Celente on the demise of the US dollar: ‘The US is failing on it’s most basic level’

– Glenn Beck: What If Oil Will No Longer Be Traded In US Dollars? Deficit Spending, Printing, Monetizing Debt, The Dollars Demise

– Max Keiser on RT: ‘Dollar to be buried way before 2018?

– The demise of the US dollar

– Iran Replaces The US Dollar With The Euro

– US: Hyperinflation Nation

– China advertises silver and gold investment on TV; Cheap dollars are sowing the seeds of the next world crisis