Ecuador currency opportunity comes from an idea for an incredible currency change! The fall of the US dollar may be enhanced by a new Ecuador currency opportunity I would have scoffed at 10 maybe even five years ago. Now I wonder? I thought the euro would never be created yet it was. How about the SAC?

Ecuador Currency Opportunity Quote

A Dow Jones article was sent to me by another astute reader that makes sense.

The article says: “Ecuadorian President Rafael Correa on Thursday proposed the creation of a South American multilateral lending fund, which would be the first step in creating a regional currency. ‘The integration of South America should be political, commercial and monetary,’ Correa said during a meeting with finance ministers from Argentina, Bolivia, Brazil, Ecuador, Uruguay and Venezuela. ‘The countries with low competitiveness now are like paper boats in the world of globalization, this way the fund should be the precursor of a South American currency.’ The ministers met in Quito to discuss the proposal of creating the Bank of the South. The bank is a proposal of Venezuelan President Hugo Chavez and would replace financing from multilaterals such as the International Monetary Fund and the World Bank. According to preliminary estimates, the bank could start with $800 million to $1 billion. A so-called Fund of the South would manage the reserves of South American countries “instead of having these resources funding the First World,” Correa said. The fund would provide the reserves for a single monetary unit. Correa said Ecuador alone has $2 billion in reserves invested in Florida. The Fund of the South would promote regional stabilization and lend money under ‘adequate interest rates,’ or lower than those rates charged by the IMF and the World Bank, he said. Both the fund and the bank are a strategy to stop the ‘financial logic’ of the IMF and the World Bank, Correa said. These multilaterals haven’t been able to handle their dual roles as agents against poverty and representatives of big international creditors, he said.”

For years I predicted that the world would divide into three currency realms, the euro in Europe and Africa, the US dollar in North and South America and the yen in Asia . Now instead I see an Ecuador currency opportunity.

Now I am not so sure. Both Japan and the US have so indebted themselves so greatly that their currencies may be passed by as regional bastions.

A South American Currency, (the SAC) would have been an almost unthinkable change to me not long ago, but now my guess is that the southern continent just might pull it off. If they can, there is great potential that the SAC (South American Currency) will rise against the dollar as did the euro.

Even if it does not, dollar investors in Ecuador will profit as a falling SAC makes living less expensive to dollar earners.

This is a win - win scenario for those who invest in Ecuador currency opportunity and real estate.

First, concerns about the impact of a new SAC (and whether it will be created or not) will create turmoil and keep prices down a bit. If the SAC is created and rises versus the greenback, property profits will be made. If the SAC falls, the cost of living will drop in US dollar terms and make the real estate more attractive for North American buyers.

Latin America should no longer be shirked. One of the portfolios we developed and track with Jyske Bank is the Swiss Samba Portfolio. The portfolio invests in Latin equities and bonds and is leveraged with a low cost Swiss franc loan. As you can see the performance since we began tracking the Swiss Samba Portfolio in November 2006 is impressive.

You can learn why this performance has taken place in a sixteen page email report about how 13 economic forces now clash to shape investments markets ahead that show the rewards and the risks. The report also outlines the five new Multi-Currency Portfolios we are tracking in our Borrow Low-Deposit High Multi-Currency Sandwich Educational Service. Details are at International Investments Course with Multi Currency Investments and Portfolios

At our upcoming IBEZ in N.C., we will update our latest multi currency portfolios and much more. Join us May 25 - 27, 2007 at the International Business and Investing Course in North Carolina . Thomas Fischer joins me to update global economics there. International Investments and International Business Course, West Jefferson, North Carolina, May 25-26-27, 2007

Recently our chef traveled to Quito with his kids to hear Correa speak and snapped this picture of Correa with a group of students. There has been a lot of negative press about Correa in the US which is keeping costs down. This provides enormous opportunity if Correa turns out to be a good president, even more if he turns out to be a strong regional leader.

Double Investment Opportunity in Europe

Until next message, good investing.

Gary

Join Steve Marchant, our man in Ecuador, June 6 – 10, 2007 Weds. - Sun. for a Condensed Super Thinking + Spanish Course. Ecuador Spanish Course through Super Thinking + Super Memory

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We have created Ecuador Living and have launched our Ecuador internet research service to the public. We just finished the last of five courses in a row and Steve Marchant, our man in Ecuador , will soon begin traveling this part of Ecuador to sniff out special opportunities that we will share with our subscribers. You can subscribe at Ecuador Travel and Living Service

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