IF THIS ECONOMY KEEPS GOING THE WAY IT IS NOW....

Just watch. If you remember, not a long time ago we were all aghast that the Japanese were buying up expensive American real estate. Now we're crying because Budweiser is becoming a foreign company. The American dollar has lost so much value that our stuff is worth more to the foreigners than us. I remember a time when our best collectible cars were going abroad--being lost to us. All because of the dollar vs. the pound or yen.

Here we go again.

And globalization is assisting it.

We're going to lose some of our most valuable cars.

But don't worry because the worm always turns. The Japanese lost money when they had to sell off the American real estate and their Ferrari Testa Rosas.

And there seems to be a similarity between the economy and the weather. It always changes. I predict the cars we are about to lose (It's always the cream of the crop too) will be back if you and I live long enough to see it. Fifty years ago I wouldn't have been so sanguine about this, but age and maturity does give one a certain calm in crisis.

Plus, if globalization has anything to do with it we're going to see the major foreign currencies fall soon, not just in sympathy to the dollar but they are going to be paying more for their oil, copper, and other commodities just like we are.

It's a little late to jump on the bandwagon buying gold, but it's not too late to invest in a collectible car. Other collectibles are still growing. Rare watches are hitting new records at auction. Christies recently sold a Monet for $37,000,000.