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US dollar to become worthless with a new world order expected to come

November 6, 2009 - 6:18am | Analytics | News
US dollar to become worthless with a new world order expected to come

 According to Damon Vickers, chief investment officer of Nine Points Capital Partners, the US dollar is going to be "utterly destroyed" and become "virtually worthless" on the grounds of absence of real resources supporting the currency. He cited other countries as those who have real potential as they deal with exporting of real goods.
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China | currency crisis | Dow Jones | exports | reserve currency | US dollar
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US solves the problem of debt with the help of debt, currency crisis is near

September 14, 2009 - 10:04am | Analytics | News
US solves the problem of debt with the help of debt, currency crisis is near

An expatriate American investor and financial commentator based in Singapore Jim Rogers expressed his concerns about the condition in the US economy saying that he expects currency crisis to emerge in the short term as a result of much debt in the system that has not been solved yet.

He noted that the current recovery in the economy is just an implication of sharply reduced consumption in 2008 that bore increased consumption at present time as people seek to buy things they need in 2009.
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China | consumption | currency crisis | debt | investor | Jim Rogers | spending | US economy
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