Tag Archive | "insurance"

Natural Health- A Financial Issue


The great assets are natural good  health and ease.

infrared sauna

Most days I spend 20 minutes purifying in an infrared sauna.  I belivee that this is a good value in expenditure of time.

The  asset of health, when lost, has the greatest potential for financial ruin.   Poor health can rob us of the energy to think and work too earn.  Few costs can be as high as a few day’s hospital stay or the care for a catastrophic illness.  A few days of health care can wipe out a lifetime of savings.

Plus the cost of the alternative, health insurance, is growing prohibitive as to the Affordable Care Act.  The idea behind this law is for everyone to have health care.  The reality is that it has covered the sick at the expense of  protecting the healthy.

The flaw is the idea that anyone should have coverage for pre-existing conditions. Anyone who discovers they have a serious illness can get coverage via the exchange.

This has led to panic and anger as health care costs explode!

Although health insurance costs are already prohibitive for many, some companies, Blue Cross and Blue Shield of Texas, have asked for premium increases of nearly 60 percent.

As insurers prepare for the fourth year of coverage under the Affordable Care Act, many struggle to provide care for new customers.   United Health Group, one of the larger insurers, lost money on federal health law policies. They are abandoning many insurance exchanges in the next year.  Many health insurance co-ops created under the law closed.

Medicare, Medicaid and employer-sponsored insurance rates have been more stable, but there is pressure for them to rise to cover the losses on exchange business.

Perhaps the next administration will make a change or perhaps not.  There is big money in health care.  The excessive portion of the industry will often spend a lot of it to influence decisions in the wrong direction for you and me and our fellow Americans.

I am not sure there is much we can do to change that.  What we can do is improve our nutrition and exercise. We can direct our consciousness and habits to purify  our minds  and bodies so we are naturally healthy and not subservient to  a system which profits from  trying to make us and keep us in a state of dis-ease.

Gary

Retire in Ecuador


Retire in Ecuador

Are you thinking that you want to retire in Ecuador?

A huge and growing legal problem that affects the way we bank and invest is forcing Americans to change their financial plans.

We’ll look at this problem and some overseas income earning ideas that can help solve the difficulty in a moment.

One of the solutions to this dilemma is to live or retire abroad and since we focus so much on Ecuador may I review three steps that anyone should  take before they make a final decision to retire in Ecuador.  (Then we’ll get to the problem).

First, visit Ecuador. This seems obvious but we have many people who tell us they have decided to retire in Ecuador before they have visited.

Second, rent a place and stay awhile before you buy or make a final decision to retire in Ecuador. The fastest way to pay too much or make a less than perfect decision about where to retire in Ecuador is to rush a purchase.

Third, create a plan and make sure it will work for you.  Do you need to earn income? If so how.  Do you have enough assets or income  to qualify for a residence visa to retire in Ecuador.  Do you have children who need schools? Do you have healthcare issues to resolve that will affect the location where you retire in Ecuador?

Here is how other readers have told us how we have helped them retire in Ecuador. 

Here are some retire in Ecuador raves  from recent visitors who are checking Ecuador out and who, plan to retire in Ecuador.

We can help you look around to decide if you really do want to retire in Ecuador. Here is what one Ecuador Living subscriber shared.

Dear Merri and Gary, my wife and I are staying here in Ecuador at the El Meson De Las Flores both for the very first time.I thought I would relate our first impressions of this most unique place called Cotacachi.

We arrived here July 3 not knowing if we would seek permanant residency or return to the U.S. Initially the culture difference was a shock,but only after a few days we found ourselves growing fond of the Cotacachi area.

The native people in Cotacachi have made us feel welcome and comfortable.We speak only marginal spanish but store vendors and even the indiginous who sell thier vast array of wonderful organic fruits and vegetables at the Mercado also are all helpful and accomodating

Ecuadorian people seem far more relaxed than many people in the U.S.

And it is true.Ecuadorian children do play together safely after dark.

Most ladies wear the traditional clothing,are quite pretty and take pride in their appearance.

On Leather street there are countless stores with gorgeous belts,boots,handbags,jackets,sweaters,etc,all usually made by the vendors who sell them. These Ecuadorians seem to be very creative and industrious. Otavalo has a huge marketplace and has a surprising bustle to it. To us, Otavalo has its own character but lacks the village atmosphere of Cotacachi.

The views in Cotacachi are incredible. If you like greenery,high mountain volcanoes and patchwork hillsides Cotacachi is spectacular. We went to the Mercado Sunday morning and the veggies and many exotic fruits for sale were beyond belief. Giant heads of brocolli, lettuce, tomatos, herbs and some fruits we have never seen before.

Best of all, so inexpensive. Three large bags about 16 dollars.The restaurants here are inexpensive but they seem to serve mostly starches (rice, potatos etc) along with chicken, beef or pork.

You can order fresh veggies if you want in most eateries.

Also,the produce in Ecuador is fresh.Locally grown and harvested right to your stomach.Certainly not shipped hundreds or thousands of miles like US supermarket produce.For any person who wants to improve their health through diet Cotacachi could be the answer.There are poor people in Ecuador, but no body appears to be going hungry.

Downsides?  Well,the traffic can be noisy and the drivers seem to have the right of way.  There are no emission standards so exhaust fumes can be a problem. Debbie and I have decided to seek residency in Ecuador.

We do live on my pension and believe we can be happy and healthy living a more relaxed lifestyle here in Cotacachi.

Also, I compliment your staff at  Meson? Everyone here has been helpful to us being our first time in Ecuador and also after a particuraly bad experience with animal customs at the Quito airport. Thank you  to Eduardo, Rosita, Consuelo, Franklin, Mauricio, Alberto, Christian the computer guy and the other fine associates at Meson. To the wonderful kindred spirits we have met, Olivia, Maggie, Jaci, Mercedes Peggy and Lee.  Again,thank you all.

Talk to a US (or Canadian) and Ecuador attorney before you retire in Ecuador.

Here is what an Ecuador Living subscriber shared about this.

Hi Merri:  I’ve been meaning to send you a note to let you know my passport paperwork was in perfect order for our 12IX Visa and we got it in two days after the applicaction was sent to Washington.  I gave my permanent visa paperwork to the attorney you recommended when we arrived in Manta and it was in order as well.  There were a couple of documents they had to prepare for us to sign and it was off to Quito with the attorney the day after we met with him for the first time.  I can’t say enough good things about your referal (and his Immigation specialist).  It was because of their help that the legal part of our experience in Ecuador has gone so well.  Thank you again for the referral and for filling me in on what we needed to do prior to leaving the States.  Believe me, most people out there don’t give you the true or whole story about the visa requirements.  Because of your advice, we saved ourselves a lot of headaches.

Another wrote about one of the immigration attorneys we refer to our Ecuador Living readers who want a retire in Ecuador visa.

I contacted the Ecuador attorney as you suggested and he gave my file to hsi asscoiate who specializes in immigration.  They responded immediately and she has been wonderful.  I think I have ordered all the documents I need certified and apostiled.  It’s taking forever to get a couple of them but I’m hoping they will arrive soon.  Until you go through this, you don’t realize just how time-consuming it is.  Thank you so much for your advice in this regard. You and Gary have been so helpful in helping us realize the potential problems and we are very appreciative.

Get to know expats in the community who can share what they have learned as they retire in Ecuador.

One Ecuador living subscriber planning to retire in Ecuador wrote this:

We arrived in Manta on May 30th and after spending a few days at the Howard Johnson’s, rented a house for a month. It was owned by a wonderful Ecuadorian woman (native of Cuenca) who moved to the Casita in the back.  We became great friends and met a lot of people through her as well as through the local Gringo organization.

We came to Cuenca a week ago and are living in a rented, furnished apartment overlooking the city (across from the Ore Verde Hotel.)  We attended the Gringo gathering Friday night and who should appear shortly after we arrived we met another one of your Ecuador Living subscrobers who we had met on the January Tour.  Never did I dream we might run into her in Cuenca.  It was great seeing her.

We know we love Ecuador and, hopefully, after out three month rental is up here we hope to be able to decide where we want to settle.  At this point, we are really loving Cuenca! Thanks, Merri and regards to Gary.

Talk to MDs and learn about the healthcare options you may need before you retire in Ecuador.

Here is what one Ecuador Living subscriber who planned to retire in Ecuador shared about this.

Here is the website for my insurance company in Ecuador.  They have clinics across Ecuador plus a number to call and talk to an English Speaking sales person.

The monthly rate for a 69 yr old – and it is $80. Plus the initial medical exam.

They do not have doctors who speak Englaish but I suspect that within all the clinics there probably is at least one, if not several doctors who speak English.

They do have connections with optmologists and dentists in other clinics.

They do not cover treatment outside Ecuador except for emergency treatment in Colombia.

Emergencies are covered all over Ecuador – say you have the misfortune to suffer a life threatening event then you would, presumably, be taken to Loja and treated in a hospital there. You would pay the cost and the insurance would re-imburse you.

All non emergency treatment needs to take place in Quito or where there are insurance owned or affiliated clinics – at this moment just Guayaquil or Santo Domingo.

Now the problem.

The problem is that Americans have lost control of their wealth.

An insidious form of of loss has been taking place for decades and now we are in the end game.

The theft has taken place in the same way the Nazis robbed the Germans of control.

A German industrialist once explained how the Nazi’s took over when he explained that very few people were Nazis.  However many enjoyed how the Nazis brought back an external German pride.  Most were just too busy to care.  The majority let it all happen at an early stage.   Too late the realization came that the Nazis were in total control.   See how this has happened to your wealth here a Bank Privacy Gone

One way to overcome the problem is with overseas income ideas.

See one Ecuador Income idea at Retire in Ecuador with Income

Big problems creates big opportunity.  The huge problem of losing our bank privacy  is creating great profit for those who move, invest or retire abroad. Whether you work invest and retire in Ecuador or elsewhere,  be sure to create ways to protect your wealth in the inflationary era ahead.

Gary

Join us at our North Carolina farm this July or October for our International business & investing seminars below. Learn more about early retirement and Ecuador.

July 24-26 IBEZ North Carolina

Oct. 9-11 IBEZ North Carolina

Or join us in Ecuador and learn more about living and retiring in Ecuador.

July 24-26 IBEZ North Carolina

Oct. 9-11 IBEZ North Carolina

Or join us in Ecuador and learn more about living and retiring in Ecuador.

Sept. 17-21 Ecuador Spanish Course
Sept. 23-24 Imbabura Real Estate Tour
Sept. 25-28 Ecuador Coastal Real Estate Tour

Oct. 21-24 Ecuador Import Export Tour

Nov. 6-8 IBEZ Ecuador
Nov. 9-10 Imbabura Real Estate Tour
Nov. 11-14 Ecuador Coastal Real Estate Tour

Ecuador Bars


Ecuador bars are at times functional but also part of the culture.

The recent loss of Air France 447 had more impact on me than I would have thought… somehow recalling the millions of miles I have logged rushing through the dark night… high… comfortable and content…. protected by a sliver of aluminum skin.

I know that flying has risk. My children flew from England to the US for Christmas on the same Pan Am flight one day after the Lockerbie disaster.

Yet over the years memories fade and one forgets that even in the most mundane events there is risk that we can view as dangerous or enlivening.

I am thinking this because  recently we emailed an advertisement about a house for sale on Lake San Pablo near Otavalo and Cotacachi.

We showed pictures…

Ecuador-Lake-Property

of San Pablo Lake and…

Ecuador-Lake-Property

the house for sale.

Ecuador-Lake-Property

This is a 2,895 square foot house on 5.43 acres on San Pablo Lake, Otavalo for sale at $250,000.  To see the ad click on Ecuador lake property for sale.

Many readers wrote and asked me about those windows that were barred.

Apparently many readers asked the sellers about the bars as well since the seller recently sent me this note.

Gary, many have asked me to address the question regarding the bars on the windows.

The bars are there at this time, as no one from the family goes to the Lake House every weekend, as we are in the US, the decision was made to place these bars as we needed to make sure that our absence there will be no trespassing which we have never heard of one.  Although, it is true that in Ecuador insurance companies give a discount to have the bars on the windows, the new owners can remove them if they wish, we have never had a problem of a breaking into the house or the property.  Hope this addresses the matter, and as mentioned these bars can be removed without a problem.

I have more to say.

One of the great parts of living in different cultures is learning and enjoying new ways of life. Global living expands horizons… unless one tries to move expecting or even worse demanding their new home to be just like their old.

When I first moved to Hong Kong in the late 1960s,  I was fresh out of Prudential sales school which included how to dress… suits, ties, blue blazers and gray flannels and such.  It was refreshing to meet multi millionaires who wore robes… to see different ways of living… eating and yes they had bars on the windows there as well.  They also had shotgunned Sikh guards at every bank.

Then I moved to England and traveled and worked throughout Europe. There I discovered the courtyard. Europeans do not display their wealth like Americans do.   This is a culture  where there has been war after war. When people have wealth they hide it inside… conservative… smart.  This is especially true of the Latins… where the invasions and counter invasions have come and gone since Roman times and before.

Latins love the courtyard.  Our hotel Meson de las flores… looks pretty plain outside.

ecuador-bars

I love the courtyard as well…

ecuador-bars

being outside within…

ecuador-bars

an island from the hustle and bustle and crowd.

ecuador-bars

Here are delegates at a recent course in our courtyard.

ecuador-bars

This building was built in the 1800s… not as a hotel but as a home of one of the wealthy families here.  The downstairs was a stable.  This is the Latin way.

Every way of life has risks of some sort. Big cities have condos with locked doors and doormen.   US suburbs have gated communities…  security systems and private guards.

Here in the deep mountains of North Carolina we are 3/4 of  an hour from the nearest police… a mile or so from our closest neighbor and there are a some people who use drugs and meths.  Last year one of our neighbors was shot and murdered by an employee caught cracking his safe. Then the robber in a panic killed the wife and son as well.

So we have a different security system.

First cameoflauge.  Here is the entrance to our farm…

ecuador-bars

nothing fancy… even our office which can be seen from the road…

ecuador-bars

was built to look like an old barn. We even put a special finish on when it was new so it looked old.

An invisible target is no target at all.  This is a good piece of advice in all aspects of business investing and life.

Plus if someone were to come at night… we keep a shotgun.  This is the way it is  in the mountains in many houses.  No bars are on the windows because people know there is a risk if they break in.

This is a system that is usual, expected and effective here.  Yet when our children’s friends from England visit they are amazed… all these guns!

Every aspect of life has risk. When you think about it… life would be pretty boring if not.

An international life in Ecuador, Asia, Europe, Africa, city or country brings broadened horizons because this process lets us see different ways that many cultures deal with risk.  Learning all these ways makes us fuller, more balanced and wiser… if we are willing to learn.

Those who blind themselves with desires for the very existence they are leaving however… slow or reduce the joy of this growth process.

Next time you travel… look at the differences you see… not as risk but as opportunities to see new ways that others have adjusted to their histories. Do this and it can lead to a wonderful life where no holds are barred!

Gary

Join us in North Carolina or Ecuador

July 4-8  Ecuador Export Tour

July 8-9 Imbabura Real Estate Tour

July 10-13 Ecuador Coastal Real Estate Tour

July 24-26 IBEZ North Carolina

Sept. 17-21 Ecuador Spanish Course

Sept. 23-24 Imbabura Real Estate Tour

Sept. 25-28 Ecuador Coastal Real Estate Tour

Oct. 9-11 IBEZ North Carolina

Oct. 21-24 Ecuador Import Export Expedition

Nov. 6-8 IBEZ Ecuador

Nov. 9-10 Imbabura Real Estate Tour

Nov. 11-14 Ecuador Coastal Real Estate Tour

Attend any two Ecuador courses or tours in a calendar month…$949 for one.  $1,349 for two.

Attend any three Ecuador courses or tours in a calendar month…$1,199 for one.  $1,799 for two.

Cotacachi Spa & Ecuador Web Business


Cotacachi’s (perhaps Ecuador’s)  most famous spa is La Mirage and seeing it could help you own your own Ecuador business.

cotacachi-spa

In a moment, there is a link to some great shots of La Mirage by Todd Smith.

However it is Todd’s success with his web business after attending our course that I want to share.

The global economy is going though a much needed cleanse.    A recent USA Today article reports that census numbers show that a record one in nine U.S. housing units are vacant, including about 3% of owned homes. The Mortgage Bankers Association says more than 2 million homeowners faced foreclosure last year. The median sales price dropped 12%, according to the National Association of Realtors — far more in parts of Arizona, California, Florida and Michigan.

This inventory is delaying any kind of housing recovery and will dampen the job market for some time.  This is especially true because of the lack of demand.

One in nine means that 14 million housing units are vacant. USA Today says: That number does not include an estimated 4.8 million seasonal or vacation homes, most of which are occupied part of the year. The combined vacancy rate of almost 15% is higher than during previous recessions: 11% in 1991 and 9.4% in 1984.

• About 3% of owned homes are vacant. In normal times, “maybe 1% should be vacant.”

This means we should not expect to see any economic recovery soon.

A recent New York Times article entitled “U.S. Is Pressed to Add Billions to Bailouts”  by Edmund L. Andrews, Andrew Ross Sorkin  and Mary Williams Walsh says:  The government faced mounting pressure on Monday to put billions more in some of the nation’s biggest banks, two of the biggest automakers and the biggest insurance company, despite the billions it has already committed to rescuing them.

The government’s boldest rescue to date, its $150 billion commitment for the insurance giant American International Group, is foundering. A.I.G. indicated on Monday it was now negotiating for tens of billions of dollars in additional assistance as losses have mounted.

Separately, the Obama administration confirmed it was in discussions to aid Citigroup, the recipient of $45 billion so far, that could raise the government’s stake in the banking company to as much as 40 percent.

The Treasury Department named a special adviser to work with General Motors and Chrysler, two of Detroit’s biggest automakers, which are seeking $22 billion on top of the $17 billion already granted to them.

All these companies’ mushrooming needs reflect just how hard it is to stanch the flow of losses as the economy deteriorates. Even though the government’s finances are being stretched — and still more aid might be needed in the future — it is being forced to fill the growing holes in the finances of these companies out of fear that the demise of an important company could set off a chain reaction.

This means the government is creatng more money then it has and we are likely to see inflation.

So what can we do?

One is buy real estate in California, Florida and some of the other hard hit states. There will be real bargains.  Merri are headed to Florida as fast as soon as we wrap up our March tours in Ecuador.

Start our own business. No other time offers such great opportunity. The old boys network is slashed. Big business cannot compete and labor has not been so abundant in decades.

This is why Todd Smith sets such a great example.

Todd attended one of our courses on how to self publish and has developed a growing, thriving internet business.

See Todd’s latest emailed message about La Mirage here.

Here are two important points about Todd’ success.

First he already had a successful wedding photography business. However hat type of business did not have the upside potential nor offer the freedom he desired.

Second he was not enjoying the business. The hours and the types of photography did not fit Todd’s desires.  He had a passion to earn in a different type of  photography.

So he turned his passion into profit!

Due to numerous successes like Todd’s and because of  the ideal business conditions created by the economic correction, I have developed a new course... The Tangled Webs We Weave…A Web Based  Business Course

Enroll here $299

You own web business provides enormous freedom.  You can like anywhere you desire…  a Cotacachi business is great. This is a quiet peaceful place without much crime, noise or pollution.    Merri and I  have have a web business that works in Cotacachi, the Blue Ridge of North Carolina or anywhere we choose in the world?

The reason we can have this freedom in business is passion.

I am one of the luckiest guys in the world because my children are continually doing things that I learn from.  This allows me to be a bragging dad and actually share a worthwhile point in the process.

For example Merri and I recently were reminded of the most important secret of business success from our youngest daughter, Eleanor.   Here is a shot of Merri and me riding the Virgina Creeper Trail last summer with Ele.

Cotacachi-business

Eleanor is just 27 but has already built a very successful London based business that not only provides her a six figure income, but gives her the freedom to travel the world.  This last year, she visited us twice in the US plus spent time in China  enjoying the Olympics and made numerous other trips.  She has over four months of each year to travel wherever she desires…and earn as she goes.

While she was last with us, we had a great deal of time to talk and she surprised me by sharing a valuable lessons about business.

The first lesson came when she was telling me about her latest efforts at getting some of her students auditions and roles in London West End shows.  Ele started as an entrepreneur early. She owns a performing arts school in London that teaches dancing,  drama and singing.  Here are some of her students in the production of Aladdin they are currently performing.

New-year-economic-lesson

Ele’s school is a franchised operation…one of about 600.  She is one of the youngest owners yet has one of the top ten busiest schools.

One reason for her success is the enormous energy and passion she puts into her business.  Another reason for  her success is she has a growing reputation for getting her students professional roles in the London theater.

She currently has eight of her students working in London’s West End.

Two are in the Sound of Music at the London Palladium on Argyll Street.

Two are in Rodger and Hammerstein’s Carousel at the Savoy on the Strand.

One is  in Disney’s  Lion King, at the Lyceum Theatre on Wellington Street.

One is in Les Miserables at the Queen’s Theatre on Shaftesbury Avenue.

I was a bit surprised at this success and asked her “what is your trick”.  She replied:

“This is very simple.  I give the children who have extra talent free lessons. I bring them to my home and work with them there.”

When I questioned the wisdom of giving away her services as being part of a good business model, she replied:

“This is not about the money, Dad. The thrill of hearing those kids when they call me and tell  they were selected is worth every minute I put into this. I love those calls so much,  I am happy to devote my time and effort.”

This is the secret. Do what you love and figure out how to make money in the process.

In Ele’s case, she has profited indirectly…but the profit is not the purpose.  This is a matter of fulfillment and of the heart.

This has always been an important idea, but grows in importance now.  Our message about the upcoming 2011 disaster showed an economic distortion that is so grave it will force many of us to continue working… or  to work more then expected or… to start working for oneself when an existing job is eliminated.

This problem is so acute and the importance of having more people do what they love is so vital that we have decided to write a new course…on how to develop your own international internet business.

I have now started this course and before I launch it to the public want to make a special offer…that gives you this course free…or more.

Years ago, Merri and I  had 23,000 print readers…micro sized in publishing terms….but very, very profitable for us.  We made millions from this business.  We believe that in this rapidly changing world…small is beautiful.

When money stopped mattering as much, our children were grown, finished with university, we sold our print business and took a year off…lived with a shaman high in the Andes.

Then we morphed into an internet only business.  Our readership began small, with  about 1,600 email readers.  We expected to slow down and smell the roses more.  We even bought an isolated hacienda high in the Andes called Rosaspamba (Place of roses).

As crazy as it seems, we could actually run a business with this small readership and make a profit because our readers are so wonderfully responsive.

Why?  How?

This is what the new course I am creating will teach you….how to have a small, safe, profitable global internet business by creating wonderfully response, fun to be with, like-minded customers.

How small?

Today, our business remains micro sized but we have grown from 1,600 readers to four  main subscription lists consisting of 16,782 subscribers.

How safe?

The downturn of 2008 has not slowed us a bit.   In fact we  are growing faster, in number of subscribers and income, than ever.   December 2008 was our busiest month on the internet ever…by about 50%! January and February 2009 were up 226% over January and February of 2008.  This March we have almost surpassed March 2008 sales in the first ten days.

This is all at  a time when many say the world is economically depressed. Yet our sales are way up and growing almost every month.

How profitable?

Our list and sales are still tiny compared to many of our competitors and associates who make millions a month.   We make tens of thousands…sometimes hundreds.

Yet we have been able to add this extra income with a surprisingly small amount of added overheads.  This number works perfectly for Merri and me…a fun sized readership. In our opinion, this should be the key in business… satisfaction… fulfillment and fun…through service along with the profit.

Yet, profits do matter. Almost every month our internet sales have been rising. In 2008 they rose nearly every month and created a new record for web based sales for us.

These internet sales alone have given us the freedom to live in an isolated Blue Ridge farm during summers and in Ecuador the rest of the year…yet still earn many tens of thousands of extra dollars a month.

Now you can learn everything I do to create this extra income and have fun and fulfillment in a micro publishing business.

The syllabus of this course will help you learn how to find something that is fun, fulfilling and profitable for you to do.

Our growing income is one reason I have decided to create this course.

Second, the economic downturn of 2008 means that more of my readers will need a new way to earn in the years ahead.

Yet the third reason was the straw that made me decide to do this….my webmaster who helped me start this site agreed to co-write the course with me. Merri and I explain what we do in the business.  The writing…the marketing…the product planning and such.   Our webmaster outlines the technical part. How to chose a server…set up a shopping cart…create pay per click systems…send thousands of emails a day.

Though we like to remain small, this does not mean all of our students will.  Our webmaster started with us first but since has grown to be the chief internet consultant for several much larger internet marketing companies that send over a billion emails a year!

We are explaining in the course in detail as we develop it over this year…what I will share and what my webmaster will share as well…how the course will help you.  We are at chapter eight now and I honestly do not know everything what will be in the course.

Previous courses have always evolved as they are written because of the questions that are asked as the lessons are sent.

This is why I want to offer this emailed course (which has not yet be written) now so you can grow with the course as it evolves.

Here is a  special offer.

This new course entitled “Tangled Webs We Weave – How to Have Your Own Internet Business” is available at $299.

This is a bargain. Merri and I have been traveling and doing international business for 41 years. We have had a web based business for over ten years. You can share everything we have learned for just $299.

Plus we provide our standard full guarantee. Enroll.  Try the course for 30 days. If not satisfied we’ll give you an immediate, full… no fuss refund.

However if you sign up for any three of our in person courses below, you can have The Tangled Web course free.

Attend any two Ecuador courses or tours in a calendar month…$949 for one.  $1,349 for two.

Attend any three Ecuador courses or tours in a calendar month…$1,199 for one.  $1,799 for two.

Future 2009 courses

May 29-31  JGAM Multi Currency investment Seminar Naples Florida

June 12-14 Shamanic Mingo Tour
June 16-17 Imbabura Real Estate Tour
June 18-21 Ecuador Coastal Real Estate Tour

July 3-6 Ecuador Import Export Expedition
July 8-9 Imbabura Real Estate Tour
July 10-13 Ecuador Coastal Real Estate Tour

July 24-26 IBEZ North Carolina

Sept. 17-21 Ecuador Spanish Course
Sept. 23-24 Imbabura Real Estate Tour
Sept. 25-28 Ecuador Coastal Real Estate Tour

Oct. 9-11 IBEZ North Carolina

Oct. 21-24 Ecuador Import Export Expedition

Nov. 6-8 IBEZ Ecuador
Nov. 9-10 Imbabura Real Estate Tour
Nov. 11-14 Ecuador Coastal Real Estate Tour

Enroll in Tangled Web here $299

To enroll in three courses click here.   I will automatically send you the free Tangled Web course when you enroll. You save $299 more.

Multi Currency Bank Risk


Multi currency investing and multi currency banks reduce risk.

During this current credit crisis, it makes sense to pay attention to ways to bank risk as well as investment and multi currency risk.

Eleven US banks have failed in 2008, seven of them since mid July.

Now a Warren Buffett owned insurance company has stopped insuring bank deposits above the federal $100,000 guarantee. This withdrawal of insurance shows that many insurers and bankers are worried about future bank failures.

One of many reasons I have banked with Jyske Bank (beyond the fact that they are multi currency experts) for many years is their strong safety ranking.

I like the fact that Denmark has ranked high in Moody’s and other country ratings as one of the safest countries in which to bank.

However, recently one Danish Bank had problems.

Thomas Fischer at Jyske Bank sent me this note in July 2008:

“Hi Gary, I just want to keep you informed that this morning Roskilde Bank (a Danish regional bank) had to ask the Danish Central Bank for support. It is the 9th largest Danish bank and it has been hit hard as it has been involved in the Danish real estate market. The share dropped 45% this morning. Some other smaller regional banks have seen their share prices falling between 10-20%. Jyske Bank has dropped 1.3% The Central Bank will probably put Roskilde Bank up for sale either the entire bank or parts thereof. The bank will not be allowed to collapse and the clients are thus not going to lose any money but it is obvious not good timing to get a situation like this. Thomas”

Thomas was correct and shortly after the Globe and Mail reported:

COPENHAGEN — Denmark’s central bank unveiled an $896.8-million U.S. bailout of Roskilde Bank acting to confine the negative effect of the struggling bank on the Danish financial system. The central bank stepped in after Roskilde, Denmark’s eighth-largest retail bank by market share, failed to receive any offers after putting itself up for sale in the face of bigger than expected writedowns on real estate loans.

The article outlined that Roskilde was extraordinary as a Danish bank in
that it was heavily exposed to the property sector and that other Danish banks in general were well prepared in a deteriorating Danish economic situation.

The Danish Central Bank had no expectations of any other banks suffering
similarly.

In fact a June 2008 report from Denmark’s National Bank says:

Denmark’s domestic and foreign central-government debt has the highest rating from Standard & Poor’s (AAA), Fitch Ratings (AAA) and Moody’s
(Aaa). Standard & Poor’s, Fitch Ratings and Moody’s affirmed the rating
in September 2007, December 2007 and April 2008 respectively with an
unchanged stable outlook.

Analytical reports and specific ratings on individual government secu-
rities are available on the websites of respectively Standard & Poor’s
(www.standardandpoors.com), Fitch Ratings (www.fitchratings.com) and
Moody’s (www.moodys.com).

Jyske Bank also ranks well on its own and has a stable outlook at this time. unlike most major banks. Here are current rankings:

Bank Rating Outlook
Jyske Bank A+ Stable
Citigroup AA- Negative
Deutsche Bank AA- Negative
Goldman Sachs AA- Negative
JP Morgan Chase AA- Negative
Credit Suisse A+ Negative
Lehman Brothers A Negative
Morgan Stanley A+ Negative
UBS AA- Negative

As can be seen, Jyske Bank is doing well. Jyske is the only bank on the list with a stable outlook. All others are on the watch list for down-grading.

Note that Jyske Bank has the same rating as Morgan Stanley but a better outlook.

Jyske Bank’s rating is better than Lehman (after today probably much better), the same as Credit Suisse and one grade below the others. However, it’s very seldom that S&P give a rating above A+ for a relatively small bank like Jyske Bank. The other banks on the list benefit from their size but this does not tell much about how well they are run.

If you have any questions on how Jyske Bank you can see the bank’s home page www.jyskebank.dk/english and read the latest semi-annual report.

US investors should contact Thomas Fischer at fischer@jgam.com

Non US investors should contact Rene Mathys mathys@jbpb.dk

The thousands of other reasons I like Jyske are the people that work there.

An article at scienceblog.com entitled “Happiness is rising around the world” says that Danes are the happiest people in the world.

The article says:

People in most countries around the world are happier these days, according to newly released data from the World Values Survey based at the University of Michigan Institute for Social Research.

During the past 26 years, the World Values Surveys have asked more than 350,000 people how happy they are, using the same two questions.

Data from representative national surveys conducted from 1981 to 2007 show the happiness index rose in an overwhelming majority of nations studied.

The 2007 wave of the surveys also provides a ranking of 97 nations containing 90 percent of the world’s population. The results indicate that Denmark is the happiest nation in the world and Zimbabwe the unhappiest. The United States ranks 16th on the list, immediately after New Zealand.

Economic growth, democratization and rising social tolerance have all contributed to rising happiness, with democratization and rising tolerance having even more impact than economic growth. All of these changes have contributed to providing people with a wider range of choice in how to live their lives—which is a key factor in happiness.

“The results clearly show that the happiest societies are those that allow people the freedom to choose how to live their lives,” Inglehart said.

As an example, Inglehart points to the tolerant social norms and democratic political systems in Denmark, Iceland, Switzerland, the Netherlands and Canada all of which rank among the 10 happiest countries in the world.

In my opinion this happiness shows through at Jyske. Our dealings have always found the staff to be helpful, cheerful and willing to take an extra step to help make us as their customer happy as they are

Until next message, may you be happy too.

Gary

Join me and Thomas Fischer from Jyske Global Asset Management in North Carolina to learn more about economic trends.

International Investing and Business Made EZ North Carolina

We’ll have lunch at the farm and enjoy the leaf change.

farm colors

Thomas Fisher speaking to our delegates at the farm.

seminar-roses

orange-roses

multi-currency-meeting

Delegates enjoying a private conversation with Thomas Fischer during a coffee break at the farm.

This is the most beautiful time of the year on the Blue Ridge.

multi-currency-meeting-in-autumn