A highly amusing exchange occurred earlier on CNBC when guest Damon Vickers of Nine Points Capital had an unexpected moment of truthiness and turned some heads when he said that

Joe Kernan said “Your basic tenant here is that we havent really fixed anything….for what caused the problems during the crisis and we’re going to see it rear its ugly head again here soon?”

Vickers later replied: “Unless the plunge protection team comes in over the next couple of days, the markets are looking very dicey here.”

When a disgusted Joe Kernan asks if Vickers was making a joke about the PPT, the response is “absolutely not – it’s common knowledge that the government steps in and does things to step on the gas and buy stock here and there.” To which Byron Wien has a strong retort: “I don’t believe it.” All that and much more in the clip below. In the meantime, the market is sure having a field day with stocks as once again bad news are discarded and the smallest glimmer of positivity serves as a springboard for yet another ramping short covering spree.

Friday, 6 Nov 2009 – The dollar will get “utterly destroyed” and become “virtually worthless”, said Damon Vickers laughingly, 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 and New World Order.

“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.

As he points out, their hedge fund makes money on the way up and on the way down so he seems to care very little. “This is the time to play ping pong.” “This is the time where you make money…”

1:44, 2:50 – Listen to the CNBC correspondent laughing at the dollar will be destroyed

2:53 – “How do you create a global marketplace so that the standard of living is not so great.”

CNBC Article