Tag Archive | "electricity"

Cotacachi Real Estate For Sale


Cotacachi and Ecuador real estate prices are becoming higher. Construction material, cement, steel and wood have been skyrocketing in cost.  Plus new duties imposed on imports such as pipe are raising material costs.

Our recent Cotacachi real estate tour looked at a number of Prima Vera II – to IV condos for sale from  $46,500 to $54,500. Here is one of the four new Prima Vera blocks.  This is Prima Vera III.

cotacachi real estate

Bulding costs have forced the developer to raise prices on each building.  The units are identical but each block has a higher price.

Here are the prices now for these Prima Vera units.

Prima Vera II

cotacachi-real-estate

Prima Vera IV & V

cotacachi-real-estate

Prima Vera IV & V

There are 13 units left here at the old prices.  Learn here how to view the pricing and receive a 2% discount on the purchase as an Ecuador Living subscriber.

While viewing these condos we talked to American owner Bill Daily about the cost of living in Cotacachi.  He and his wife live in a Prima Vera III first floor unit.

Here is Bill and his wife Jo.

Cotacachi-tax

This is their condo…with a comfortable view balcony

Cotacachi-tax

Two bedrooms.

Cotacachi-tax

One bedroom is used as an office…

Cotacachi-tax

plus a full kitchen.

Cotacachi-tax

Here is their living room.

Cotacachi-tax

We asked Bill about utility costs and he told us that property taxes were $38…a year.

Propane is $2.50 for 20 gallon bottle for cooking, heating and hot water.  They use about $5…a month.

Water is $6 a month, electricity $20 a month….broadband $49…condo fees $100…so in all there basics are about $185 a month.

Until next message,  good living wherever you are.

Gary

Join us in Cotacachi in March when our courses focus on health and wealth.

Merri, our webmaster and I have created a new course on how to build a web business with a webmaster.  Here is a special offer on this new course.

You can enroll in this special course for $299. However if you sign up for all three courses in March 2009, I

March 8-9 Imbabura Real Estate Tour

March 10-15 Ecuador Import Export Expedition

March 16-19 Ecuador Coastal Real Estate Tour

Bob Shane will be at our March course and will be available to provide health balancing.

Get our web based course FREE if you join us in Ecuador this February or March.

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 Global Asset Strategy Seminar

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

Ecuador’s Gratitude Attitude


Ecuador’s gratitude attitude is one reason Merri and I love to be there. Gratitude is the master key for unlocking belief in the limitations of the body. It is invaluable for healing disease of any and all kinds…including the mental and emotional diseases that come from being caught and trampled in a social stampede of fear.

Merri and I learned this lesson from an Andean Yatchak when he used gratitude in a most powerful way. Here we are with him in the sacred LLanganatis cloud forest.

ecuador-shaman

Merri and I were spending the entire winter at our Ecuadorian plantation with this shaman and his apprentices. We lived in a tiny wooden shack, no electricity, no phone and no hot water…for all those months.

The hacienda’s main house where we stayed is really remote, on the tip of this plateau in the middle of this shot.

Ecuador-view

The view we saw each sunrise is spectacular. Here it is.

ecuador-view

The shack is still there..in ruins now. But I cannot bring myself to tear it down. Too many wonderful memories.

ecuador-shack

Our goal was to understand how the shamanic apprentice really lived, thought and felt. We did not expect to learn how truly blessed we are in life and how much we have to be thankful for.

Though the apprentices had nothing and earned about $30 a month, the joy and happiness during that time with those people was infectious, laughter always just waiting to bubble over at any event.

One day Ecuador’s economy shut down…almost everything.

Gas ran out and all the banks were closed. The shaman and the apprentices lost every penny they had in the banks.

Upon learning this the shaman called for a mingo (this word means circle and represents a meeting) where he performed a ceremony of thanks for all the change that these losses would bring.

Later after this circle, we sat on the front porch and watched the setting sun drop in a burst of purple and mauve. The wind was warm and a symphony of insects gave a serenade. This now penniless shaman looked over and whispered. “Life is good”.

Changes in his financial life did not rob him of a penny’s worth of living. He filled what others considered a loss with gratitude.

I can’t put in words what a sense of peace and harmony rolled over us as we looked down at the lushness of the valley below, the mists rising, the waterfalls folding in lacy cascades, bird songs trilling through the clear air. The river although far below us was a great bubbling sound along with the strangeness of some of the bird calls. This was a joy we had not felt since we were kids.

As Merri and I sat last night enjoying our very different Blue Ridge sunset, we felt incredible joy knowing that in this world of problems, we can have the gift of helping.

blue-ridge-sky

We thank you for letting us share and hope we can help make your life better in some small way.

We look forward with great joy to sharing more ideas in the year ahead with you. If we can in some way make your life more joyous and help you laugh, learn and be grateful, we will truly be blessed. There is such beauty on this earth and in this world at this time and we feel privileged to be able to share it with you.

Reading daily papers or watching TV in these days can be depressing. They focus on negative minutiae. The reporters, editors and newscasters forget that these are the most materially abundant times mankind has ever known.

During this time of apparent turmoil, there is order and we can still do what the wealthiest people on earth could not even imagine even a century ago.

The global population remains. The global resources remain. The global productivity remains. Nothing has really changed except few of our social economic illusions are being corrected…for the good. We may have never seen a time of such great opportunity.

Today Merri and I send our greatest hopes that you share with us enormous gratitude that “Life really is good!”

Gary

Join Merri, me, Steve, Kjetil Haugan and Peter Conradsen of Jyske Global Asset Management in Cotacachi, Ecuador. We’ll review economic conditions, Ecuador real estate, my entire portfolio and investing and business ideas for the months ahead.

Nov 7-9 2008 International Investing and Business Made EZ Ecuador
https://www.garyascott.com/catalog/international-business-made-ez-ecuador

Enjoy Cotacachi sunrises.

cotacachi-sunrise

Nov 10-11 Cotacachi-Imbabura Real Estate tour
https://www.garyascott.com/catalog/ecuador-real-estate

Then travel to the coast and enjoy Pacific sunsets.

ecaudor-sunset

November 12-15, 2008 Ecuador Coastal Real Estate Tour; Quito Real Estate Tour
https://www.garyascott.com/catalog/ecuador-coastal-real-estate-tour

See discounts for two or more of these courses and tours

Economic Safety in Troubled Times


Learn about economic safety in Ecuador, the Blue Ridge and North Dakota.

These troubled economic times create wonderful, investment opportunity. The corrections in the stock market and depressed real estate prices combined with global inflationary pressures are developing a lush field of investing values.

Yet investors looking for economic safety need to exercise care in how they harvest this financial crop.

Troubled times create distortions. Distortions create problems. Problems create opportunity. Opportunity creates economic safety and financial profit, if you look carefully for value and make sure your liquidity remains safe during the search.

This is one reason why Merri and I love Ecuador. The people are peace loving. The people are independant. Ecuador’s population have a history of caring for themselves. They know how to farm. The food supply is abundant. Ecuador is oil rich. Ecuadorians do not have the expectation that the government should supply their every want, need and desire. There is less likely to be violent civil unrest in troubled times.

Here in the Blue Ridge there is also a history and connection to independence. Heating and food is plentiful. People know how to survive tough times.

One great pleasure in our International Investment and Business Courses are the people we meet and friends made. People always enjoy each other. Merri and I do as well. Some delegates have been coming to our courses for decades, so we were delighted at our course last weekend when one delegate and good friend from North Dakota who has attended many times over the past 20 years was with us.

He told me a some things about North Dakota that started me quickly searching.

First, the Bank of North Dakota, located in Bismarck, ND, is the only state-owned bank in the nation. The bank has over $160 million in capital and is in partnership with over 100 other North Dakota financial institutions. More important because the bank is owned by the state, it has a credit rating of AA.

The main deposit base of the bank is the state itself. Sate law requires all state funds and funds of state institutions to be deposited there. However deposits are accepted from any source, including private citizens.

The bank is not a member of the Federal Depository Insurance Corporation. The State of North Dakota guarantees all deposits regardless of amount (over $100,0000) in the bank. So this is quite a safe place to hold liquid funds.

Do not expect free irons, dinner plates or special incentives to open accounts. Though individuals can open accounts at the bank, this is not the main business so it offers fewer retail services than most commercial banks. The bank only has one office and does not try to compete in consumer banking.

So, how good is the guarantee of the State of North Dakota?

According to an October 7 2008 article at KXMCTV in Minot, North Dakota, the
state has a pile of money. North Dakota is one of the few states with a budget surplus, estimated at a billion dollars.

The state also has some good economic fundamentals. First it is rich in agriculture, beef cattle, milk, hogs and honey producers rank North Dakota among the leading producers.

Wheat is the leading farm product in North Dakota, ranking second in production only behind Kansas. North Dakota grows more durum wheat (used for pasta) than any other state.

North Dakota also leads all other states in the production of barley and sunflower seeds and is a leader in the production of flaxseed (linseed oil).

North Dakota is among the leading states in the production of canola seed, honey, navy beans, oats, pinto beans, rye, soybeans and sugar beets.

Hay is important, grown for livestock feed.

That bodes well for the state in inflationary times…but there is more…energy.

Just beneath its surface North Dakota has a 1,000-year supply of coal. The third largest gasification plant in the world is here. This is the only commercial-scale coal gasification plant in the United States. North Dakota power plants have 4.5 gigawatts of electric generating capacity and are some of the most efficient and reliable in the nation. Energy, real estate costs and taxes are some of the lowest in the country.

Then there is oil. North Dakota has a lot of it. Brigham Exploration Company alone says discoveries suggest 42 million to 71 million barrels of oil.

Brigham shares sell on Nasdaq under the code BEXP.

North Dakota could become one of America’s leaders in energy production. The state has near limitless supply of coal, incredible potential for wind, ethanol and biodiesel production, and increasingly productive oil fields.

Congress has extended several renewable energy tax credits for wind and biodiesel projects, small ethanol and biodiesel producers that will help North Dakota’s economy.

North Dakota is the sixth-largest energy producing and exporting state and has more potential for renewable energy growth.

According to North Dakota’s Department of Energy’s Wind Energy Program, “North Dakota has the potential to supply 36% of the electricity of the lower 48 states through its wind supply alone.” Wind development in North Dakota is taking off, over the past year throughout the state.

North Dakota’s Senator Kent Conrad recently met with T. Boone Pickens as he has developed a New Energy Reform Act, which includes some of Picken’s ideas. The Pickens plan aims to reduce dependence on oil by increasing the amount of clean energy like wind power and solar power.

An ABC news article entitled, “The Backyard Economy: North Dakota
A Look at the Peace Garden State’s Economic Issues” by Christine Byun says:

“Surging commodity prices and a weaker dollar have enhanced North Dakota’s economic strength, leading to stronger growth and continued investment throughout the state.

‘The chances of a state recession are incredibly low,’ said David Flynn, an economist at the University of North Dakota. ‘The most likely scenario would be for North Dakota to continue to grow.’ State Fiscal Management Director Sheila Peterson said state revenues are 13 percent ahead of forecasts, which she partially attributes to ‘solid growth’ in the tourism, energy and agriculture sectors. The state’s bountiful crops play a big part of its exports; agricultural products pulled about $170 million into North Dakota in 2006. Last year, the state’s fertile farmlands produced the most wheat and barley in the nation, according to the United States Department of Agriculture.

North Dakota is not solely dependent on agriculture. It also exports machinery and crude oil products. The energy industry — both oil and alternative sources — is expanding, according to state labor market analyst Kevin Iverson. The natural resources and mining sector added 4,000 jobs to their payrolls since last March.

“Oil is an absolutely booming industry in the state,” Iverson said, noting that the western portion of the state has benefited as companies direct their attention to the Bakken rock formation as a potential oil reservoir.

“The dollar’s declining value to foreign currencies has is also spurring economic activity in North Dakota. While the state sells almost half its exports to Canada, savvy shoppers from north of the border are crossing in to Grand Forks and Minot to take advantage of what are essentially reduced prices for them and in the process, driving up retail trade.

“A potential weak spot for North Dakota is the state’s lower than average unemployment rate. Economists worry with fewer people looking for work, companies interested in doing business in North Dakota could potentially bypass the state because of the tight labor market and lack of available workers.”

Bank of North Dakota’s website is www.banknd.com

There you have it…places that may be safer than most…places that may offer more opportunity and economic safety in troubled times.

Gary

Learn more about economic safety this November.  Join Merri, me, Steve, Kjetil Haugan and Peter Conradsen of Jyske Global Asset Management in Cotacachi Ecuador. We’ll review economic conditions, Ecuador real estate, my entire portfolio and investing and business ideas for the months ahead.

Nov 7-9 2008 International Investing and Business Made EZ Ecuador
https://www.garyascott.com/catalog/international-business-made-ez-ecuador

See the wonderful balconies in the Primavera condos at for sale at $46,000 in Cotacachi.

multi-currency-Ecuador-condo-interior

Nov 10-11 Imbabura Real Estate tour
https://www.garyascott.com/catalog/ecuador-real-estat

Then travel to the coast. Enjoy the Vistazul swimming pool on Ecuador’s Pacific.

Picture 9

November 12-15, 2008 Ecuador Coastal Real Estate Tour; Quito Real Estate Tour
https://www.garyascott.com/catalog/ecuador-coastal-real-estate-tour

See discounts for two or more of these courses and tours

Ecuador Real Estate Liquidations


Ecuador real estate offers opportunity. Ecuador real estate liquidations can offer even better deals.

See details about this 326 acre Ecuador real estate liquidation, a coastal agricultural property for sale at $41,000 below.

Ecuador-real-estate-farm

To assist those interested in Ecuador we have created an Ecuador Living service that provides a full time full support, research and assistance team to help subscribers in any way required. Part of this team are multi lingual Westerners so we understand the Western cultural needs as well as those of Ecuador.

One service for example is that we scan Ecuador newspapers looking for unique properties and put our subscribers directly in touch…thus avoiding brokerage fees for our subscribers.

We do not sell real estate nor accept commissions but because we write about Ecuador real estate to tens of thousands of readers, they have purchased millions of dollars of Ecuador real estate in Galapagos, Mindo, the Coast, Cotacachi, Quito and more.

The word is out. More and more Ecuador real estate sellers are approaching us first when they have Ecuador real estate for sale. Recently an attorney who represents banks in Ecuador has been sending us Ecuador real estate liquidations so we can share extra special Ecuador real estate deals with our subscribers.

One huge benefit in using our service versus relying on brokers is that we are not trying to sell real estate. For our modest subscription, you get our honest opinion based on 40 years of international business and 13 years residence in Ecuador.

We do not care if you buy one property or another or even if you buy at all. This means you get our advice without hidden agendas.

Yet we know all about buying Ecuador real estate. We have an active Ecuador business and have personally purchased a 962 acre hacienda, condos in the mountains, a house, a hotel plus condos and apartments on the beach. Our Ecuador Living service shares our continual research and experiences in global business, living and investing in Ecuador.

You also gain access to our extensive contacts plus you get to share the input from our 13,238 readers who continually let us know what they see hear and experience good and bad in Ecuador.

We conduct real estate tours to help our subscribers learn Ecuador’s real estate market in the most efficient way.

Not only are our tours efficient, they can save you money! Many developers give our Ecuador Living subscribers and tour delegates discounts on property (since many delegates and subscribers buy and we do not take real estate commissions).

You can enroll in our Ecuador Living Service to learn more about the 346 acre Ecuador coastal property for sale at $41,000 below.

Here are more shots of the 346 acre Ecuador coastal property.

A lot of corn is being grown on the land now.

Ecuador-real-estate-corn

and castor.

Ecuador-real-estate-

Here is what Ecuador Living’s man on the Ecuador coast, John Papski, just sent to us.

John wrote: “Gary and Merri, I checked out this property a few months ago while visiting the coast with the last group. This is a good opportunity, part of a bankrupt bank with the price reduced before going to auction soon. I went ahead and signed a right of first refusal so Ecuador Living subscribers have the first shot at this.

There is 326 acres of shrub on gentle hills divided by main road from Bahia and San Clemente about seven miles away.

There is a rough shed, really belonging to caretaker, as well as a water tank for tanker delivered water. There is electricity.

Ecuador-real-estate-electricity

This land is ideal for seasonal planting, soya, maize, maracuya and has an old well 200 feet deep but with water (Water analysis done) of 3% salinity.

This is a great price as the land could have coconut and tamirindo growing for commercial purposes as they accept this amount of salinity in the water.

The sellers are trying for an urgent sale but I believe this can be held for our September coastal real estate tour. John.”

There is a grand entrance to the property.

Ecuador-real-estate-entrance

But not a lot of building.

Ecuador-real-estate-farm

If you would like more information about this property or others like it, please subscribe to Ecuador Living and we’ll send you details on how to access Ecuador real estate information.

Until next message, may your living in Ecuador or wherever be good.

Gary

Join us October 3-5 for the Blue Ridge leaf change.
International Investing and Business Made EZ North Carolina

Or enjoy one of our courses or tours in Ecuador.

Ecuador Coastal-Quito Real Estate Tour

$17,000 Houses

We’ll see these condos by the beach at $18,000 as well as the 346 acre property above.

Ecuador Imbabura Real Estate Tour

Ecuador-acreage-for-sale

We’ll view this 150 acre property for sale at $50,000 on our Imbabura tour as well as these condos in Cotacachi offered for $46,000.

ecuador-real-estate-condos

Ecuador Import Export Course

Dozens-of-roses

Learn how to import roses and dozens of other products in our import export and Business Made EZ courses.

International Investing and Business Made
EZ Ecuador

See discounts for attending more than
one course.

Multi Currency Solar Breakthrough



Multi currency solar breakthroughs can…and will change the world.
They should also change your investing.

Yesterdays message Sunny Multi Currency Investments looked at how big multi currency businesses are now investing heavily into solar energy.

Look for big solar breakthroughs like this one reported by MIT News.

A press release last month from Anne Trafton at MIT’s News Office says:

‘Major discovery from MIT primed to unleash solar revolution. Scientists mimic essence of plants’ energy storage system.

In a revolutionary leap that could transform solar power from a marginal, boutique alternative
into a mainstream energy source, MIT researchers have overcome a major barrier to large-scale solar
power: storing energy for use when the sun doesn’t shine.

Daniel Nocera describes new process for storing solar energy

Until now, solar power has been a daytime-only energy source, because storing extra solar energy for later use is prohibitively expensive and grossly inefficient. With today’s announcement, MIT researchers have hit upon a simple, inexpensive, highly efficient process for storing solar energy.

Requiring nothing but abundant, non-toxic natural materials, this discovery could unlock the most potent, carbon-free energy source of all: the sun. “This is the nirvana of what we’ve been talking about for years,” said MIT’s Daniel Nocera, the Henry Dreyfus Professor of Energy at MIT and senior author of a paper describing the work in the July 31 issue of Science. “Solar power has always been a limited, far-off solution. Now we can seriously think about solar power as unlimited and soon.”

Inspired by the photosynthesis performed by plants, Nocera and Matthew Kanan, a postdoctoral fellow in Nocera’s lab, have developed an unprecedented process that will allow the sun’s energy to be used to split water into hydrogen and oxygen gases. Later, the oxygen and hydrogen may be recombined inside a fuel cell, creating carbon-free electricity to power your house or your electric car, day or night.

The key component in Nocera and Kanan’s new process is a new catalyst that produces oxygen gas from water; another catalyst produces valuable hydrogen gas. The new catalyst consists of cobalt metal, phosphate and an electrode, placed in water. When electricity — whether from a photovoltaic cell, a wind turbine or any other source — runs through the electrode, the cobalt and phosphate form a thin film on the electrode, and oxygen gas is produced.

Combined with another catalyst, such as platinum, that can produce hydrogen gas from water, the system can duplicate the water splitting reaction that occurs during photosynthesis.

The new catalyst works at room temperature, in neutral pH water, and it’s easy to set up, Nocera said. “That’s why I know this is going to work. It’s so easy to implement,” he said.

Giant leap’ for clean energy

Sunlight has the greatest potential of any power source to solve the world’s energy problems, said Nocera. In one hour, enough sunlight strikes the Earth to provide the entire planet’s energy needs for one year.

James Barber, a leader in the study of photosynthesis who was not involved in this research, called the discovery by Nocera and Kanan a “giant leap” toward generating clean, carbon-free energy on a massive scale.

“This is a major discovery with enormous implications for the future prosperity of humankind,” said Barber, the Ernst Chain Professor of Biochemistry at Imperial College London. “The importance of their discovery cannot be overstated since it opens up the door for developing new technologies for energy production thus reducing our dependence for fossil fuels and addressing the global climate change problem.”

‘Just the beginning’

Currently available electrolyzers, which split water with electricity and are often used industrially, are not suited for artificial photosynthesis because they are very expensive and require a highly basic (non-benign) environment that has little to do with the conditions under which photosynthesis operates.

More engineering work needs to be done to integrate the new scientific discovery into existing photovoltaic systems, but Nocera said he is confident that such systems will become a reality.

“This is just the beginning,” said Nocera, principal investigator for the Solar Revolution Project funded by the Chesonis Family Foundation and co-director of the Eni-MIT Solar Frontiers Center. “The scientific community is really going to run with this.”

Nocera hopes that within 10 years, homeowners will be able to power their homes in daylight through photovoltaic cells, while using excess solar energy to produce hydrogen and oxygen to power their own household fuel cell. Electricity-by-wire from a central source could be a thing of the past.

The project is part of the MIT Energy Initiative, a program designed to help transform the global energy system to meet the needs of the future and to help build a bridge to that future by improving today’s energy systems. MITEI Director Ernest Moniz, Cecil and Ida Green Professor of Physics and Engineering Systems, noted that “this discovery in the Nocera lab demonstrates that moving up the transformation of our energy supply system to one based on renewables will depend heavily on frontier basic science.”

The success of the Nocera lab shows the impact of a mixture of funding sources – governments, philanthropy, and industry. This project was funded by the National Science Foundation and by the Chesonis Family Foundation, which gave MIT $10 million this spring to launch the Solar Revolution Project, with a goal to make the large scale deployment of solar energy within 10 years.

The Green Multi Currency Portfolio we track in our multi currency service contains both solar and wind power companies. The salr investment is in Q cells AG, a German company and Europe’s largest solar panel manufacturer. These shares have dropped badly in the past months down since November from $51,000 in our portfolio to $34,614.

We have sent an analysis to the subscribers of our Multi Currency Course.

Until next message may all you multi currency investments be sunny and bright.

Gary

Join us October 3-5 for the Blue Ridge leaf change.
International Investing and Business Made EZ North Carolina

Or enjoy one of our courses or tours in Ecuador.

Ecuador Coastal-Quito Real Estate Tour

$17,000 Houses
See these condos by the beach at $18,000.

Ecuador Super Thinking + Spanish Course

Shamana

Enjoy part of the Spanosh course at this shamanic spa.

Ecuador Imbabura Real Estate Tour

Ecuador-acreage-for-sale

See this 150 acre property for sale at $50,000 on our Imbabura tour.

Ecuador Import Export Cours

Dozens-of-roses

Learn how to import roses and dozens of other products in our import export and Business Made EZ courses.

International Investing and Business Made
EZ Ecuador

See discounts for attending more than
one course.

Ecuador Interesting


Ecuador is interesting but what is below is more interesting than most messages about Ecuador. You will see why below.

You may have read in the news about the problems of Ecuador in recent days and wondered why I am investing in Ecuador. One of our goals is to help our readers get Ecuador news beneath the news.  The problem today with popular media is that it has to cater to the lowest links for the sake of volume. Sex, scandal, death and destruction sell and in the mad scramble to fill every issue with as much attention grabbing horror as possible, most media make over small bits of the most horrifying events of the day and little more.

Our goal is to dig deeper. In this case I turned to several Ecuadorian friends for their views. One is a powerful Guayaquil businessman connected at the highest political levels. The second is an attorney from Quito. I chose these two because one problem in Ecuador is the continual struggle between the populations in the cities of Quito and Guayaquil. As one Guayaquileno once put it, we make the money here in Guayaquil and they (the politicians) spend it in Quito. The cities have existed for centuries in a state of mutual distrust.

The third is a foreign businessman who has lived in Ecuador for many years and has a very successful business, the fourth an indigenous leader.

The first reply is from my friend from Guayaquil. For reasons that will be obvious he remains unnamed. He is connected at the highest levels of business and government in Ecuador.

My friend writes:

“Ecuador is still under the spell of gloom that befell about two years ago. I saw it one year before that, but I did not know what to do about it, and I did not want to believe it either.

“Now the opposite has happened. There is a small light showing at the end of the tunnel. It is small, but steady. God bless it. We must not talk about it – too much. It is called Manta.
“Manta did not exist in colonial times. The pirates and sea robbers made it unthinkable to have a port facing the ocean. The nearest port had to be thirty miles in, at least.

“I was in Manta, I had not been there for ten years at least, it has improved a lot in that time. There is so much that can be done. Manta is like a little baby. In Manta, the help can come in little ways, totally invisible to the public that is not “in”. Hospital, schools, Univ., urban development, you name it.  As I said, all this is very small right now, but it is moving ahead in the right direction.

“This is all very complicated, I hope it works for the best. Unfortunately, it brings us close to our President, and that is not what we want, we want to keep him away.

“There has been an Indian rising. They have gained attention but unfortunately they do not have a plan, or people, or anything. It was just a rising of “down with everything”. Down with the President. Down with Congress. Down with the Judicial. This is a typical rising of communal soul formation, or soul development, it is basically downs versus ups.

“They are however much better organized and have clearer objectives, and words than they had, say fifteen years ago. Of course they still need another time to be at par as an ethnic group. It will come if you give them time, fortunately.

“The unfortunate part is that it is all taking place at a moment when their negativity can cause a lot of damage, they also say down with dollarization.

“The new President? He is my personal friend, a great guy, but not the right man for the crisis, as he is too flat footed. Everything the previous man has done is wrong.”

Another Viewpoint

The second insight on Ecuador was sent from Dr. Andres Cordova. Dr. Corova is the grandson of Ecaudor’s past President and his law firm provides legal counsel for many financial institutions. The firm works with foreign banks established in Ecuador and otherwise and is legal counsel for the Central Bank of Ecuador, the Superintendency of Banks.

Some of the members of the firm have participated in the making of some of Ecuador’s monetary and banking decisions and one of the senior partners has been Superintendent of Banks on two occasions.

Though the firm acts as counselors to many of Ecuador’s finance and banking entities, they advise on specific areas, upon request, and do not represent, in any way, the institution’s position on different subjects so they can offer us an unbiased view.

The firm has information and views from inside Ecuador’s finance and banking fields and great contacts so they can prepare reports, furnish helpful information, and answer inquiries promptly for any member who wishes to retain them for any specific project.

Dr. Cordova writes:

“We had quite a recent scare. During the past several months the people of Ecuador had become increasingly infuriated with the President’s conduct of governmental affairs.

“We had a situation where very little support was given either to President or to this military insurrects. A Constitutional solution had to be applied.

“As much as I believe the president to be corrupt and incompetent, I was deeply angered and saddened by the whole situation.

“The bottom line is that there was some sort of democratic solution to the crisis. The Country is calming down. There is this bitter feeling about the whole situation, but who knows, maybe it was for the best.

“What is going to happen? Well, first of all, most of the country sees this outcome as the proper one, given the circumstances. This is a good thing, for it somehow reestablishes the faith and tranquility we all need. Also, it brings stability, for all major players in this social and economic machinery are in favor of the outcome.

“The international community, represented by the different States, has manifested its approval of this Constitutional solution to the crisis, and is currently supporting Ecuador (at least rhetorically) in its struggle to shape up.

“The new President is regarded to be a good, honest man. He has changed most of the different Ministers and Secretaries of the Government and it is likely we are somehow facing a fresh start. Maybe it’s a little bit of wishful thinking on my part.

“These past days we have seen a very good attitude in most of the industrial sector. The have committed to lower some prices and to raise the wages. Somehow a feeling of responsibility and that we are all part of the solution is surfacing. I sure hope so.

“The crisis is very deep and we still have some rough years ahead. I would want to believe that we have nowhere else to go from here but up.

“I think after this episode the Country is going to try and move forward with more enthusiasm and drive. The new President is going to be in power for the next three years. This will help stabilize the country, for no one will be speculating on the elections, as if they were to be held in a few weeks or month’s time.

“This new President may do a much better job than the last one. Most of all because he does not come into power all tainted by strings-attached political supports and contributions that he needs to pay back. He can freely conduct the government without having to pay back all sorts of favors. Also, he is apparently an honest man.

“The Country is well aware of this and there is some sense of peace after all. It is still too early to tell how all of this will affect the country in the following months or even years, but it is safe to say that Ecuador still offers good and safe investment opportunities, provided they are well reviewed and screened.

“I understand many foreign investors may view Ecuador as an anarchic country which is falling apart by the day, where their investments are in no way safe. This is not true.

“In this crisis, many good investment opportunities exist. Real estate, for example, offers very nice investment opportunities. This kind of investments are, of course, better on the mid to long term.

“When the better times arrive, hopefully some two to three years from now, and then on and on. As exports grow and the economy improves, the new flows of cash and the economic recovery and good health will make it more difficult to find good deals on certain areas.

This may be a signal to buy now.” Andres

The Third Viewpoint

The third reply is from my friend, the European businessman who has lived in Ecuador full time for the last six years and has many business interests and real estate holdings:

“The last president seemed to be a better man but he had done too many dirty deals with the political and specially the financial sector to be trustworthy.  The current president seems to be a very honest man with no such connections and that may be what the country need now. 80% of the people still want to dissolve the congress, mainly because of the corruption.

“I do however believe that the president will face huge demonstrations again this summer when they will have to increase the prices of gas, propane, electricity, etc. The country is said to spend US$ 700 million on subsidies this year if they do not increase the prices. This country may be impossible to run.

The final rely may be the most important of all as it is the Indiginistas that (quite rightly) have been making the fuss.
“I appreciate dear friend that the international news are very alarming; but the reality is very different since here in Ecuador everything follows with tranquillity and in the direction of the improvement of abundance and peace.”

This is why I have already started taking investors to Manta, Ecuador, a major seaport (350,000 pop.). The flood of Americans will make the town boom. Timing to make money could not be better. Check www.garyascott.com for more details.

There you have it…an article that seems to explain why Ecuador makes sense as a place to invest.

So Ecuador is interesting.  Here is why this article is more interesting than most messages about Ecuador.   This article was written April 15, 2000, over eight years ago.  You can see the original message in our archives at https://www.garyascott.com/2000/04/15/1266.html

The daily news is sensational and incites worry.  Those who look beyond it have a definite investing edge. Had I let worries reported in the news stop me from seeing the true fundamentals of Ecuador’s potential a decade ago, I and hundreds of my readers would have missed fortunes.

Ecuador still offers good opportunity now.

See why Manta makes sense now

Until next message may your news be positive, true and good.

Gary

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Green Investing Thoughts


Green investing thoughts can bring us fortunes so I am declaring this Anti Panic Week because so many readers are sending me articles filled with doom and gloom. I just hate for anyone to miss the incredible opportunity out there or waste their lives with worry.
4-generations
I was just in Oregon visiting my mom and grandkids. Here I am with Sequoia, the youngest.

One thing we learn with four generations all together, is that each generation has a difficult time understanding the next. My mom (85) can barely handle the computer and never will know more. Sequoia not yet two is already punching buttons and she understands how computers serve her!

A recent message Green investing ideals looked at some thinking stimulated by Dr James Ephraim Lovelock, an independent controversial scientist, author, researcher, environmentalist, and futurist who lives in Cornwall, Great Britain. He is known for proposing the Gaia hypothesis, in which he postulates that the Earth functions as a kind of superorganism.

He is the father of climate change science and just about everything he’s ever predicted has come true.

Here are some thoughts stimulated by this thinking:

Focus on innovation not conservation.

Invest in technology.

Prepare to adapt to new ways of living.

Crisis will bring a post consumer society.

Human lives are most fulfilling when driven by a sense of purpose.

We will soon be forced to live more purposeful lives.

There is always reason to be optimistic.

Enjoy life!

I buy into it!

We can see how these ideas are already evolving and how opportunity is popping up everywhere.

A Fox News article entitled “Floating ‘Lilypad City’ Could Help Climate Change Refugees” helps remind us of the first three ideals: Focus on innovation not conservation – Invest in technology – Prepare to adapt to new ways of living.

The article says: “Imagine what life would be like floating around the world on a giant island capable of holding 50,000 people and completely sustaining itself. Well, welcome to Lilypad City.

Designed like a lily pad, the innovation by award-winning Belgian architect Vincent Callebaut could be used as a permanent refuge for those whose homes have been covered by water in the future, London’s Daily Mail reported.

“I think trying to accommodate the millions of people left homeless by environmental changes will prove to be one of the great challenges of the 21st century,” he told the Daily Mail. “Some countries spend billions of pounds working on making their beaches and dams bigger and stronger. But the Lilypad project is actually a long-term solution to the problem of the water rising. The goal is to create a harmonious coexistence of humans and nature.

“A lake in the middle of the island will collect and then purify rain water, while power will be provided through a series of renewable energy sources including thermal, solar, wind energy, hydraulic and a tidal power station”, the Mail reported.”

Here is a rendering of these lily cities from the article.

Lily-city

This article reminds me of the story about Chicago’s sanitation department in the 1800s. They were grappling with demographic models and were in a panic because models showed that at the then current growth rates, sometime soon in the future all the streets of Chicago would be covered in several feet of horse manure.

The solutions of the future do not live in the technology of the past. Plus the technology of the future is here with us know…just not fully grown…such as water purification.

Back Yard Pond
I am buying as much land as I can that has water. Here gallons a minute of spring water flow directly from a rock face into a small pond we put in our back yard. At 49 degrees its a great way to wake up in the morning!

Technology also makes out of the way places worth more.  Take this Cotacachi acreage as an example.

This offers incredible value if you want solitude and unimaginable views…plus electricity.

Ecuador-acreage-for-sale

This house for sale with a caretaker’s house and acreage, is just 17 miles, a 55 minute drive from Cotacachi Ecuador.

The views on this acreage are worth the drive as you can see here.

Ecuador-acreage-views
This Cotacachi real estate has more or less 150 acres plus the two houses and it borders this lake.

Ecuador-acreage-lake
The asking price?

The asking price is $50,000 for the two houses and the 150 acres.

You can get more details as an Ecuador Living subscriber in the article Opportunity for Solitude near Cotacachi

There are other enormous benefits we’ll gain from change we cannot even begin to understand or see. This is why two most important Lovelock stimulated ideas “There is always reason to be optimistic” and “Enjoy life! are so important!”

These are not new ideas…but ones we should not forget. These are ideas I look forward to sharing with you.

Gary

See dates for our summer and autumn courses and tours:

Business Intuition Course at our farm this August.

Ecuador Coastal-Quito Real Estate Tour

Ecuador Super Thinking + Spanish Course

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Ecuador Ecuador Import Export Course

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See discounts for attending more than one course.