Ecuador’s President Correa May be Good


Ecuador’s president Correa is a frequent concern that readers express when they ask about Ecuador and its political stability.

This is interesting for two reasons. First, most of these concerns come  from Americans where I feel the political scenario is less stable than most.
Where else are other nations trying to kill the population? Where else are there so many rules and regulations that concern everyday life (like how to carry toothpaste onto an airplane)? Where else is the currency in a free fall? So why worry about political stability in another place? We have enough worries at home!

Second, I am probably not the best person to ask. I do not like politicians. My attitude and cynicism is not really fair. Most
political offices are impossible jobs that come with temptations which few human beings can resist. The whole idea of the position probably attracts  the wrong people. Then the pressures and realities of the post change even the good ones who are elected. Even when they try and do the right things (as I believe Jimmy Carter did) the system sabotages them.

I should not be disappointed in politicians and the democratic capitalistic political system. Everything I see says it’s the best system we have had so far. Yet continually I am, by graft, corruption and thinking that seems to me short term to me. I hate the wars, the waste, the lies and get enough of it right here in the US. So in Ecuador I try to escape this
nonsense.

Yet Neanderthal Man probably did not want to think about the Saber Tooth Tiger either but…if it was nipping at his heels. So I read, I ask, I listen and I think about politics in Ecuador.

Darn when I add everything together, I quite like Ecuador’s current President, Rafael Correa. If this positive perception is correct, this is good from an investing point of view. Correa has a running battle with the Ecuadorian press and what is written about him abroad is just cookie cutter stuff…he is leftist…he is populist…he is like Chavez…he is another Peron.

This turns the world off Ecuador and makes the place less fashionable.

Writing this way is easy and fashionable. Everyone understands leftist, Chavez and Peron so the press just stick with the easy fashionable stuff.
Why bother with looking at the reality?

This allows those of us who avoid investing in fashion an opportunity to find special values in which to invest.

At Ecuador Living I am doing a series entitled “Seven Reasons why Ecuador’s President May be Good”. Let me quote an excerpt from reason #1.

Many people and especially many articles in the press compare Rafael Correa  to Hugo Chavez and Peron. Yet there is a huge difference.

First, Peron and Chavez both came from a military background. They were cunning, (not smart) soldiers who took over and ruled with a lot of help from military force. Correa has never been in the military and appears to be smart. He comes from an entirely different upbringing and career.
This was highlighted in Wikipedia which says:

“Correa earned an Economics degree at the Catholic University of Guayaquil in 1987. Following his degree, he worked for one year in a mission and elfare center run by the Salesian order in Cotopaxi Province, where he acquired some knowledge of Quichua, the language of the majority of the native pre-Columbian population concentrated in the Andes region. In
addition to Spanish and Quichua, he is fluent in French and English.

“Correa received a Master’s degree in Economics from the Université Catholique de Louvain (Belgium), and a Ph.D. in Economics from the University of Illinois at Urbana-Champaign (United States) in 2001.
According to The Washington Post, Correa’s adviser at the University of Illinois, Werner Baer, supports his former student. ‘He appreciates the market to a certain point, but he knows that the market left alone concentrates wealth,’ he said. ‘He is not going to do anything foolish…
because he is a fairly open-minded person.'”

An article in the Orange County Register by Amy Taxin entitled “A Lake Forest woman lives a dream while her son campaigns to govern Ecuador gives
an even deeper insight” says:

“LAKE FOREST – Norma Delgado starts out each morning feeding her 01-year-old father and 99-year-old mother breakfast and giving them their edication in their Lake Forest mobile home. She tidies the house and begins preparing lunch. Sometimes, she heads outside to clip the fuchsia rosebuds she planted on the lot the family owns in the seniors’
community.
Norma was born on a coffee and cocoa plantation on Ecuador’s rugged Pacific coast. She walked to work every day and met her husband on the way, a road inspector named Rafael Correa who ushered her to dances, courted her
and married her.”

The article goes on to say how when her son Rafael Correa was born and left  or school each day, Norma cooked lunches she would sell to neighbors tot take a living, asking the boys to deliver the food.

The article outlines how Rafael joined the Boy Scouts and excelled in public speaking.

It says that Correa’s grandparents, mother and aunt moved to California and became U.S. citizens and Rafael headed to Belgium for his master’s degree in economics and to Illinois for his doctorate. He eventually returned to Ecuador and began teaching at a university on the outskirts of the capital.
He then served as Ecuador’s finance minister in 2005.

Correa’s mother, aunt and many of his close family still live in California.
They call him on Sundays. She still spends her days caring for his grandparents with help from his aunts, who shuttle in groceries from Costco every few weeks.

This is the first reason why Correa may be a good president. He is a smart person of humble beginnings who has worked his way to the top. He is well educated, cosmopolitan and has an economic background as well as world experience and an international lifestyle with a Belgian wife and US family.

That said, no one can see within a man’s heart. No one can know how the system will react to the man or the man to the system. The rest of the Ecuador Living series looks at some of Correa’s actions to date in the hopes we can get a better clue.

All in all no one ever knows what politics will do in any one place to business and investing. However when there is a perception of risk, the  premium that gets added to the investment return is often more than the actual risk. This is especially true when the risk is magnified by misperception and a biased press.

I am betting this is the case and investing more in Ecuador. You can see   why in greater detail at Ecuador Living. See
http://www.garyascott.com/catalog/ecuador-travel-and-living-service

Until next message, good investing to you.

Gary

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Speaking Spanish is a huge benefit on its own.  You can become one of the rare North Americans who can get along in Spanish speaking countries.  You can be one of the special people who can communicate with 10 million non-English speakers in the USA.  Spanish is the second most used language in the USA.  There are more Spanish speakers than speakers of Chinese, French, German, Italian, Hawaiian, and the Native American languages combined.  According to the Census Bureau, Spanish is the primary language of nearly 50 million people in the US.  This is the largest Spanish-speaking community outside of Mexico. Only half of these speakers also speak English “very well,” and 19% do not speak Spanish at all.

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Here are a few quotes from delegates of the course.

One delegate from St. Louis wrote:  Hi Gary,  Just ended forty-five years in dentistry last week, and I’m on to a new career.  What is my new career?  Still formulating, but the eye -opening,mind expanding Super-Spanish course last weekend in St. Louis surely shows me the opportunity exists to expand my horizons.

Besides having a lot of nice people to learn our new language; the methods Merri and you developed proved to be just what you said they would be.  We all and I in particular relaxed our way to new learning.  I feel so very comfortable with the basis of my new language skills that I know I will be spitting out great Spanish sentences by the time I reach Ecuador in October.  Last year I spent six weeks in Ecuador and now I plan on conversing with the people.

Today’s excerpt of your newsletter really hit home. You do what you say you will. There are no surprises or hidden sales tricks. The only tricks are beneficial to our learning.  Thank you for a wonderful experience that I was quite unable to grasp how you would pull it off.  You did, however, and I look forward to other courses that you offer, and I have absolutely no doubt they also will work beneficially.  Best regards, Denis Molloy.

Another wrote about the Super Spanish course:   Buenos Dias, here is a testimonial for Super Thinking-Super Spanish.  Please feel free to use all or part in promotions for the course.  In addition, you may give my email address to any prospect “on the fence” about enrolling.  Yesterday, in Cotacachi, Ecuador, I finished Super Spanish.  I had high expectations for the course and they were exceeded.

After three days, I can speak Spanish in complete sentences. In simple conversations, such as buying groceries or ordering a meal, I can make myself understood. I think that’s incredible!

Although I am far from the competence level of a native speaker, I feel I’ve taken a giant step forward in learning Spanish so that I can experience the people and culture of Ecuador.  The foregoing benefits would have more than justified the time and money I invested in Super Spanish.  And learning some Spanish was not the most important benefit I got from the course.

Prior to leaving the USA, I had felt for some time that the pace of life there was unhealthy for me (and for most people) and I did nothing about it.

I’ve thought about the pace issue during the course.  One of the key elements Merri Scott designed into Super Spanish is placing the student in the optimal state for learning.  In class, the past three days, I’ve been re-introduced to guided journeys and introduced to the calming effects of Baroque music (www.sundaybaroque.org).  What a blessing! I’m inclined to make one or both a daily part of my life.   Rob Christi.  Cotacachi, Ecuador

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“Most words in English that end in ION are almost identical, just pronounced differently.  For example action is accion, education-educacion, manipulation- manipulacion, etc.”

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See examples of the words you already know below.

How long would have taken you to memorize all those words?  How soon would you have forgotten them?

This is just one of seventeen Spanish lessons in the course.

The next lesson teaches how to pronounce each of the nouns.

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Here are more testimonials from previous Super Spanish Courses.

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Nadine wrote: “Just spent the last 3 days in the most wonderful learning environment learning Spanish.  What an amazing learning experience!!  First day out of class and I could not stop thinking in Spanish WOW!!  I am amazed by how much I learned, retained and how much more is showing up now that I am out of class.  And the best part is THERE WAS NO STUDYING!! Indeed this is Super Thinking!!!  I would highly recommend this to anyone that has ever had a desire to learn another language or learn anything in record time.

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If you have ever had a desire to learn Spanish this is the way to do it!  By the end of the first day I had more confidence and more practical ability than I had from any previous courses I had taken.  It was fun and relaxed and full of laughter.  You will leave this class excited to use what you have learned.  Rather than leaving overwhelmed with how much you have yet to learn and master, you are equipped with the knowledge and know how to go out and communicate as well as the excitement to do it!”

Gary noted:  “The whole approach is positive and conducive to learning at a level that benefits ALL participants.  It is not intimidating and does not set up a pass/fail atmosphere.  The presenters are terrific and the results unbelievable.  It was relaxed, informal, friendly and effective.”

Twila said:  “This class provided a very refreshing and relaxed way of learning.  The atmosphere felt very safe to say the words you were practicing.  I learned a lot in a way that will make it easy to apply.  Starting with conversation is way more fun.  How quickly you can learn!  It was a great group, great instructors and great stories.

The atmosphere in the classroom was so relaxed that learning Spanish felt like a breeze and not like a painful task.  The relaxation exercises are really conducive to language learning.  We learned A LOT in a short time and it was fun and the environment was non-threatening.”

Brigitte sent this:  “Buenos Dias, Suzanne. su clase de espanol es excelente! Muchas Gracias!  
I have already done what you suggested and went into the program listening to the music and going over the lessons.  I know: Repetition……reinforcement…..thinking in the new language….it’s all part of it.  I loved your course and will certainly recommend it to friends.  Who knows….I might feel the urge and have the opportunity to repeat it at your beautiful place in Puerto Aventuras…..Quien sabe? Hasta otro dia y saludos a su familia.”

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Gary

Here is the English translation of a few of the many Spanish words you now know and will never forget.  How long would it have taken you to memorize them?  How soon would you forget?

“Most words in English that end in ION are almost identical, just pronounced differently.  For example, action is accion, education-educacion, manipulation- manipulacion, etc.”

Some more of these words:  Combination, Attrition, Education, Vacation, Petition, Lotion, Motion, Construction, Abduction, Pronunciation, Concentration and a ton of others!

Learn Spanish online $79

(1) www.telegraph.co.uk Benefits-of-bilingualism.html


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