Showing posts with label The Day After the Dollar Crashes. Show all posts
Showing posts with label The Day After the Dollar Crashes. Show all posts
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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