Saturday, December 25, 2010

Damon Vickers: The Day After the Dollar Crashes: A Survival Guide for the Rise of the New World Order

Over a year ago, on CNBC, the author proclaimed that the U.S. dollar would be "utterly destroyed." From CNBC.com: 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. Read the full story, here. See also: The Collapse of the Dollar and How to Profit from It: Make a Fortune by Investing in Gold and Other Hard Assets.



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