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The Alchemist (02/03/2010)
By Al Thomas


Don’t worry. No one is going to shoot at you.

This is a different kind of war. And they are winning.

Remember back about 20 years ago when Japan was buying up

everything that wasn’t nailed down (and even some of them) here in the U.S. They even bought Pebble Beach Golf Course in California and paid a small fortune for it. I think they later sold it for a smaller fortune.

Japan had a real estate bubble and the government chose to help out the banks. They wanted to keep them from failing. Have I heard that some place before? To this day all the bank-owned real estate is carried on their books at the original price paid even though it might be worth about 20% of that price.

Then the Japanese government came up with the brilliant idea

of a stimulus package that would boost the economy. It was only to be a one time thing. Sorry, but I have lost count of how many “temporary” stimulus packages the Japanese government has issued. Maybe they remember. So far none have worked and according to many economists they have run out of the ability to issue more. They are even broker than we are. Their stock market was close to 40,000 and is now about 10,000.

But our government experts (maybe I should put that in quotes, “experts”) say they know how to do our “temporary” stimulus plans better.

Let’s hope so.

Japan is no longer buying up the US and hasn’t been for quite a while.

Our new adversary in the economic war is China. They have a huge advantage over Japan 20 years ago. China has a trillion dollars of our currency in their vault (figuratively) and may use our money to buy whatever they want. And they are smarter than Japan. They are buying basic commodities that will be used in the next boom cycle. The current deflationary cycle (bust cycle) will last another 10 years if history is any predictor.

What is even smarter is the way their government looks at the future. Their leaders look out 50 years and plan accordingly. Our

government officials look out to the next election.

The U.S. holds more gold that any other nation. China is now a

buyer of gold and is the largest producer of the metal. They understand that all the world’s fiat (fake) money will ultimately become worthless.

Can the U.S. hold out that long?

In an economic war there are no dead bodies to count. Everyone is hurt. Each man, woman and child, rich and poor becomes a casualty.

The wounded are recognized by how much less they have than the previous generation. Lifestyles change and the grandparents cry. Anguish is not measured in blood, but in tears.

Few recognize the battlefield and fewer understand that only true statesmanship will win the long term battle. And we are losing.

Al Thomas’ book, “If It Doesn’t Go Up, Don’t Buy It!” has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter at http://www.mutualfundmagic.com and discover why he’s the man that Wall Street does not want you to know.

Copyright 2009 Williamsburg Investment Co. All rights reserved.



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