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If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.

Thomas Jefferson

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The Dollar Will Get ?Utterly Destroyed? PDF Print E-mail
Tuesday, 10 November 2009 10:42

CNBC Monday, November 9, 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.

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