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Invisible Hand Of The Marketplace

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Bill Lussenheide

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Mar 20, 2003, 1:15:43 AM3/20/03
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My father was onboard the Uss Alpine in the Pacific theatre as a fire
control crewman during WWII. During the victory tour after the war, his ship
visited many different ports, in Japan, Korea and China. The one thing that
always amazed him was the fact that exchange rates for currency were very
close from one port to another, or even within diverse parts of the same
city. This at a time when there were no phones, or communication between
these exchange agents. What he was witnessing was called by Adam Smith in
his classic book "Wealth of Nations" as the "Invisible Hand of The
Marketplace".

Never discount too heavily how efficient the markets are in processing all
known and unknown information in producing a price. Literally billions of
people are voting with their money in the marketplace based upon their
unique perspectives and knowledge. The collective whole of this process can
be viewed as a persona and intelligence of its very own and gives us vital
clues to what the truth of a matter is.

The markets are telling us that the Iraq war will be settled very quickly
and fairly painlessly. Oil prices are dropping, gold ,a traditional disaster
hedge, is dropping, the dollar is rising, and the US stock markets are
soaring. The collective intelligence of the markets worldwide are strongly
forecasting a favorable USA outcome.

Certainly at this vital time in world history, my prayers are for our
service people, and for the causes of freedom. God bless America and the
blessings that we may afford the world in righteous causes.

Bill Lussenheide -An Invitation To Learn More
http://www.InvestmentWarrior.com


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