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Bird's Eye View: July 11, 2008- "Who in the heck is InBev?"

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"You know what the news is-- in a minute, you're going to hear the rest of the story"- Paul Harvey

Like many, I have an occasional beer. One or maybe two a week is enough for me. When I heard the news that Anheuser-Busch was the target of takeover by a Belgian-Brazilian company named InBev, I thought "Who in the heck is InBev?".

As I looked into InBev, I had a hard time believing that the makers of this Belgian urine had enough muscle to even consider buying an American icon like Anheuser-Busch. Then it hit me, our currency has been debased so severely that converting Euros into U.S. dollars makes paying $70 per share for BUD cheap.

Consider this. A few years ago 1 Euro was worth about .93 cents U.S. Today, 1 Euro is worth $1.59 U.S. The Belgians know that the currency difference severely undervalues the Anheuser-Busch shares.

Folks, this is what happens when a bought-and-paid-for US government is allowed to debase our currency, and no one is held accountable. Our politicians have allowed greedy and unpatriotic corporate executives and Wall Streeters to export U.S. jobs to boost their bottom lines. As a result, the US economy is destroying the dollar’s role as the world's reserve currency.

Our once great currency has lost a great deal of its purchasing power against oil, gold, and other currencies. As a result, the prices we pay for everything here at home has gone through the roof.

If our politicians, corporate executives, and Wall Streeters were citizens of any other country, they would have been executed for treason.

Oil prices spiked again this morning on the prospects of an Israeli-U.S. attack on Iran. Our involvement in Israeli-Arab conflicts has turned the Arab world against us, and makes us prone to more terrorist attacks here at home.

An attack on Iran would be pure madness. As I watched the video of Iran's missile test, I was reminded of Sadam's scud missiles which were basically ineffective. If Iran decided to launch a strike on Israel, Iran would be completely destroyed in less than 24 hours. But, as a result of the Iranian test, you and I have to pay more for energy, and watch the stock market continue to drop. It's madness.

As it currently stands, we still have not had a high volume capitulation in the stock market. We are extremely oversold, but I don't think we can rally until oil prices decline.

For now, "Who in the heck is InBev?"

Disclaimer—This is for informational purposes only and is in no way a solicitation or an offer to sell securities. I am a registered investment advisor, but only provide solicited advice to clients of our firm in states where we are registered or where an exemption or exclusion from such registration exists. nothing on this website should be interpreted to state or imply that past results are any indication of future performance. carefully assess your own risk tolerance and goals before investing.