Tag Archive | "Merri"

Ecuador IRA Tax Break


Here is an great Ecuador IRA tax break. If  you buy an Ecuador house or condo with your non pension money and invest your IRA funds in a second condo… each trip to Ecuador can become tax deductible.

Here is a second Ecuador tax break. If  you live in Ecuador… all income coming from abroad is tax free.

There is a third Ecuador tax break as well. There are no capital gains on occasional real estate sales.

So if you have a pension…  and buy fixer uppers or make good buys in real estate to resell and  make a profit… there is no tax… here.

Plus if you play it right all your travel to Ecuador may be tax deductible.  Be sure to consult with your tax adviser to make sure you do this in the right way.

One IRA administrator that will buy overseas property for IRA’s also  offers a debit card.

Entrust’s IRA debit card provides convenience & flexibility.

The card gives you access to to IRA funds for investment purchases and makes it easy to pay for goods and services or take distributions at ATMs

The Entrust Group  are administrators of self-directed retirement plans and offer this IRA Debit Card together with an IRA Card Checking Account.

The card and checking system provide an innovative, easy, convenient way for self-directed IRA account holders to purchase new, or improve existing, IRA assets, or take required minimum distributions from the available funds in their retirement accounts.  Self-directed IRA account holders can the card whixh is marketed under the Visa® brand, to pay for goods or services wherever Visa is accepted.  It can also be used at ATMs around the world for cash withdrawals.

Unlike other retirement plan-linked cards, Entrust’s IRA Debit Card and Checking service does not have, or allow for, loans of any kind.  Those are prohibited transactions. All available funds must be un-invested in the IRA (minimum $1,000 opening balance).  Any transaction that is not an expense or asset purchase, for the IRA, is viewed as a distribution and will be administered as such.

IRA Card Checking transactions are considered distributions unless proven otherwise.  Account holders have 30 calendar days, following a transaction, to submit the proper documentation to show that the expenditure was for an IRA asset.  If the documentation does not reflect this, Entrust is legally required, and will file, reports to the IRS that indicate the amount of the payment taken from the IRA in question (IRS Form 1099-R).

It is impossible to overdraw on an Entrust IRA Card Checking account because, whether using the IRA Debit CardT or The IRA Checking, an individual is limited to only the funds that have been transferred to their IRA Card Checking account from the un-invested funds within their IRA.  Any transaction that would exceed the account’s limit would be declined.

For people who are of the age that they must begin to take required minimum distributions – starting at 70 ½ years of age – distributions can be taken seamlessly at any ATM, making this the most convenient way for people to access their money.

The Entrust Group has been a provider of account administration services for self-directed retirement plans for over 25 years,

Entrust will speak at Jyske global Asset Managements Naples Seminar. Learn how to gain free attendance at this multi currency seminar and save $499 or $750.

Until next message good global investing and living.

Gary

Join us in 2009.

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 three courses in any one month.

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

Cotacachi Culture


Cotacachi culture offers many opportunities for those of us who live in Cotacachi.

Many readers ask, “what is there to do in Cotacachi?”

There are many wonderful cultural events in Cotacachi such as the Casa Dansa event that our Cotacachi import export course enjoyed last week.

Cotacachi-culture

Dancers and singers were represented from three countries. Mexico, Venezuela and Peru.  This dancer was terrific in his Aztec regalia.

Here was an amazing performer from Peru.

Cotacachi-culture

The Peruvian performance was as close to Chinese opera as anything I have ever seen… once again…

Cotacachi-culture

showing the ancient link between Latin America and Asia.

This was as special event as the coordinators especially welcomed our group and the North American residents of Cotacachi. We are now a large segment of Cotacachi’s population.

Here we are.

Cotacachi-culture

The two hour event was really enjoyed by our delegates once again showing that Cotacachi culture is always offering something for us to do.

Gary

Join us at a course our tour in 2009 in Ecuador, North Carolina or Florida.

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 three courses in any one month.

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

Cotacachi Haircut


Cotacachi haircuts are great!

“Shave and a haircut… two bits.”  That price is long gone… even in Cotacachi…but the cost of living in Ecuador is so low that Cotacachi haircut prices here are what I used to pay in the mid 1960s in the USA.

When I am in Florida, if I get anywhere near Naples, I’ll travel an extra 50 miles to have Ron, cut my hair. He’s been doing this for me for more than 25 years.

That’s $30 bucks and a good tip. I have not made it to Ron for a year or so. Now it may be more.

In North Carolina, my barber in West Jefferson gives a great cut for $9…plus tip.

Cotacachi-beauty

In Cotacachi on the main street these two gals have a salon. They must be mothers and there is not day care for them, so the shop is always filled with kids. Noisy, loud and kinda fun.

I get the great haircut. $1.50 plus tip.

Until next message… a shave and a haircut to you.

Gary

Join us in Cotacachi.

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

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

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 three courses in any one month.

Ecuador’s Energy


Ecuador’s energy is important because investing, business and health ideas are everywhere when you give yourself a chance to stop and listen.

This is one reason Merri and I live in nature at our North Carolina farm and live in a quiet Andean village here in Ecuador.

This is why we take delegates to quiet places on our Ecuador tours.  Here for example is a shot that our friend Dennis Goff took during lunch on our latest Ecuador real estate tour…. Lake Quicocha.

ecuador-energy A property, by the way, right next door is for sale. I do not have a picture of that house.

The tour also looked at another house (shown below) for sale in Cotacachi. this was  popular on the tour…because

ecuador-energy

it is in a quiet place and it has a quiet garden directly below the house.

ecuador-energy

Here are Ecuador real estate tour delegates checking the house.

ecuador-energy

We are energy and we are surrounded by energy that affects our thinking, our health and our health.  Energy is frequency and Ecuador’s shaman’s practice frequency medicine.

Delegates at our import export course visited a shamana yesterday to learn more about energy.  Here is a shot from the shamans place… more on this comes in a later message.

ecuador-energy

This is why we do not have a TV… to eliminate the noise… so we can listen…. so we can get in tune with nature’s frequency.

This is why we have scientists who are experts on frequency, like Bob Shane, come during our courses.   He has been busy consulting delegates every single day.  Learn more about Bob’s work here.

This is also why we  developed a quiet seminar center at our  North Carolina farm.  Here is a shot of our seminar center on the farm.

ecuador-energy

The deck extends into the woods.

ecuador-energy

With this view below.

ecuador-energy

We gain a lot of great multi currency, investing, business and health information from the energy of Ecuador, North Carolina and all places quiet.

We continually have really wonderful people come to our centers to share valuable ideas on frequency and energy.

One wise man who spoke at our farm is Raymon Grace.  He had an interesting group there. I was impressed with what he shared and as a consequence Raymon sends me an email once in awhile.

Recently he shared this note about energy

Howdy Friends,  Many of you have written because of your concerns about the economy and world conditions in general. Well, I’m the wrong person to ask about things like that as I have little knowledge of world economics.

However, I may have a bit of experience with changing energy.

As most of you know, our work is based on a few simple principles.

All things are composed of energy and the intelligent mind can direct energy

Energy is impressed upon matter

Energy follows thought

If we think of a past event that causes us to become angry, we are likely to create a feeling of anger.

If we think of a past event that was fearful, we will create fear.

If we think of a past event that was funny, we will laugh.

Ok, so what happens when we regularly read papers and magazines telling us how bad things are? TV news makes a stronger impression on our mind.

When we buy into the opinions and commentaries of those in the news media, we are letting them tell us what to think. It seems that many people have either forgotten how to think or perhaps they never learned, so they let someone else do their thinking for them. We are affected by what we hear, see and experience, whether we like it or not.

So how do we stop being influenced by the bad news?

Here is how I do it.—– Don’t listen to it.

On most any situation I ask, “Will my life be better or worse because of this?”

This is why I am pleased that Jyske Global Asset Management chose a quiet time of the year to have a multi currency investment seminar in Naples Florida.

Merri and I lived in Naples opver 20 years. The shot below was taken just a block from our house and we know that May and October are the quiet months with the best weather.

Ecuador-energy

This investment seinar will have numerous speakers with enormous knowledge about world economics… such as Thomas Fischer… John Mauldin… Micheal Checkan ad the other multi currency exports who will join me for Jyske Global Asset Management’s  Multi Currency Florida Investment Course

One idea we’ll look at during this multi currency course is how to select safe currencies that offer maximum return and have potential for gains against the US dollar.

Until next message, good global investing!

Gary

Join us at a course our tour in 2009 in Ecuador, North Carolina or Florida. Here is our 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

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

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 three courses in any one month.

Cotacachi People


The people of Cotacahi are first and foremost , the asset that makes this village great.

Recent messages have looked at the excellent Cotacachi service… but the wonderful people reduce the need for emergency services. You do not hear sirens blasting away in Cotacachi often because there are not many emergencies!

Merri and I take walks every morning and it is a happy time where we meet our many Cotacachi friends.

We begin at the bakery… for a bite of hot, out of the oven, bread.

cotacachi-eople

Our baker smiles and salutes.  His assistant knows exactly what we want and has it ready as we walk in the door.  20 cents for two hot rolls.

cotacachi-people

We stop the street sweeper and give him a tip with a “thanks for making our village so beautiful”!

cotacachi-garbage-service

We speak to all the young children headed for school… on their own.

cotacachi-people

Laborers are already working by 7am,  continually improving the sidewalks and roads.

cotacachi-people

This gentleman just stands in his doorway. Every morning he is there for a “Buenas Dias.”

cotacachi-garbage-service

We drop off some shoes at the shoeshine man.   50 cents to shine a pair though we give him a dollar. When we return from a trip his wife hugs us like we are family.

Ecuador-people

He puts our shoes on the sidewalk to advertise his services.

Ecuador-people

We love the wonderful traditional dress that so many men and women in Cotacachi wear.

cotacachi-people

What a way to start the day…a healthy walk… pleasant weather…so many smiles… waves and friendliness… because of Cotacachi’s people.

cotacachi-people

Until next message may all of your people be wonderful as well.

Gary

Join us in Cotacachi.

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 three courses in any one month.

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

The American Dream Goes South at Florida Investment Seminar


I’ll focus on how the American dream is heading south at JGAM’s multi currency seminar in Florida this May.

If looked at one way… the American dream is dead. Let’s ramble through economic history for a moment to see why.

In the early 1980s the US had a challenge… a severe recession from July 1981 to November 1982.  Inflation was high so the Fed  slowed the rate of growth of the money supply and raised interest rates. The federal funds rate rose to 20% by June 1981. The prime interest rate, at the time a highly important economic measure, eventually reached 21.5% in June 1982. Businesses went broke by the drove… 50 percent over the previous year.  Especially hard hit were farmers and real estate developers.

The recession was the most serious recession since the Great Depression.

This was tough but inflation eased and the economy rebounded.  Growth took off again… real growth without bad inflation because the real estate overhang and subsequent bankruptcy of the Savings & Loan industry was dealt with by the Resolution Trust Corporation.

RTC liquidated via auction and a massive sell off to private business, the real estate that had been assets of savings and loan associations that were insolvent.

The US government had the sense then not to try and control these assets.  Entrepreneurs bought the assets for pennies on the dollar and turned the property into viable deals in ways that no government agency ever could.

Japan then had a serious recession and the same opportunity.  There was a real estate and stock bubble in Japan in the 1980s.   Then in 1989 there was a massive withdrawal of confidence. Investment collapsed, causing the Nikkei index to fall more than 60 percent.

The Japanese government however decided that it could provide a fix. the Japanese felt they could not let big Japanese businesses go broke.  Between 1992 and 1995, Japan tried six spending programs totaling 65.5 trillion yen. They cut  taxes in 1994. In 1998 they cut taxes again and launched stimulus packages worth more than 40 trillion yen.,  A year later… another stimulus program. In 2000 11 trillion yen more was spent to stimulate the economy.

Over a decade the Japanese government provided 10 stimulus packages worth more than a 100 trillion yen.   The main result was to ruin the Japanese government’s credit with public debt that exceeds 100 percent of GDP. This is the highest percent of debt of all major nations.

Any other results?  Here is evidence… the main Japanese stock index the Nikkei 225 from 1989 till 2009.  Japanese society is indebted for life and the stock exchange has fallen from over 35,000 to  7,600 in 20 years.

Wow that really worked well… so

power-investing

now the US government has decided to do the same thing.

Last week the government  offered another $30 billion in funds to A.I.G. insurance.  This is the fourth round of aid to the American International Group. The government already owns nearly 80 percent of the insurer’s holding company. How much more can they buy?

This sounds like a good investment since the insurance giant was about to report a $62 billion loss after the government has already given a $60 billion loan, a $40 billion purchase of preferred shares and purchased $50 billion of the company’s toxic assets.

Behind this, the government has invested $50 billion in Citigroup… $45 billion in Bank of America.  The Us auto bailout could cost another 100 billion. More on that in a later message.

This is all taking place as the US economy spirals down at an accelerated pace.

Yet the current administration is basing its spending on calculations that suggest vigorous rates of economic growth in years to come.

They have suggested this economic growth will come in 2010.

I wonder?

There seems to  a disconnect between the Federal projections and fiscal reality.   Current conditions are not yet at the level of the 1980s, when unemployment exceeded 10 percent, but they could be soon.

Moody’s chief economist now places the odds of “a mild depression” at 25 percent. In that view, the unemployment rate would reach 10.5 percent by the end of 2011 — up from 7.6 percent at the end of January — average home prices would fall 20 percent on top of the 27 percent they have plunged already, and losses in the financial system would more than triple, to $3.7 trillion.

Yet President Obama calls this a “once in a generation” opportunity and proposed a 10-year budget that overhauls health care, arrests global warming and expands the federal role in education.

How to pay for it?   Tax more corporations and the wealthiest taxpayers.

Wrong!  Higher tax will simply kill business or drive it abroad.  What a  good idea to chase away the last of the success.

The President said  he would shrink annual deficits.  His explanation is that he will increase revenue from rich individuals and polluting industries, reduce war costs and assume a good rate of economic growth by 2010.

The rich will stop working or leave the US.  The polluters will move to Mexico or China or wherever.   The high rate of economic growth will not appear.  Stopping the war will help… but not enough.

Technology means that politicians can no longer ignore the global market and tax its citizens to death.

Take for example what is happening in Ecuador.  Remittances sent by  Ecuadorians who work abroad fell 22 percent in the last quarter of 2008.

$643.9 million was sent from October to December 2008. This is $181.7 million less than in Oct.to Dec.2007.

A similar drop was experienced in the third quarter of 2008 and is caused by the global financial crisis and especially the economic slowdown in the United States, where it is estimated 1.5 million Ecuadorians live and work.

The U.S. employment rate has crashed especially in manufacturing and construction which employ a large number of Ecuadorians.

The same is true in  Spain – where 600,000 Ecuadorians live. this is the second-leading destination for Ecuadorians.

This means that there are more Ecuadorians to serve for less in Ecuador.  This forces the Ecuador cost of living down down.

So if you are an American who is about to be super taxed… where would you choose to live?  Our farm manager sent us this note recently, “We had 4 inches of snow in China Grove.”

multi-currency-florida-course

Would you rather live there and pay more tax or…

multi-currency-florida-course

enjoy open air dining as Merri and are doing here in our Cotacachi hotel courtyard with Dan Prescher and Suzan Haskins or…

multi-currency-investing-florida-course

would you rather enjoy a mountain train ride as these…

multi-currency-investing-florida-course new Cotacachi residents are doing…  passing through green mountains  and blue skies.  Getting a sun burn.

multi-currency-investing-florida-course

The is the train from Ibarra to Salinas Ecuador.  Would you rather be taxed extra to be in this pool or…

multi-currency-investing-florida-course

be here on Ecuador’s coast with tax advantages?

multi-currency-investing-florida-course

Which view will the rich prefer?  This in the US or…

multi-currency-investing-florida-course

this… especially if this San Clemente Ecuador ocean view costs much, much less?

multi-currency-investing-florida-course

Where would I prefer to walk with my hound?  Here in sub zero temperatures or

multi-currency-investing-florida-course

here in Cotacachi Ecuador…especially if I am taxed less and the cost of living is much lower and government interference in my life is less?

multi-currency-investing-florida-course

Technology and the global market gives us as individuals enormous power to live where and as we choose that politicians can no longer ignore.

The government’s attitude to increase taxes on those who work hard could turn the existing brain drain from the US into a brain torrent.

In short there are many reasons I see that suggest the economic mess will  last for years in the US,  just as it has in Japan.

Recently, Warren Buffett wrote in his company’s annual report that “the economy will be in shambles, throughout 2009, and, for that matter, probably well beyond.”

This is not the picture we expect of the American dream.  However the picture is not bad for all.  Not all Italians became poor when Rome fell.  Italy is still a great place to live.  There are still millions of Japanese who have thrived over the past 15 years of Japanese recession.  The end of the America dream does not have to be the end of your dream.

In the US we can expect the rich to get richer… the poor poorer.   We can see why from our study of Power Distance Index.  We looked at PDI, and what it is, in a recent message about JGAM’s multi currency seminar.

There is more about Power Distance Index at http://www.clearlycultural.com which says:

Hofstede’s Power Distance Index measures the extent to which the less powerful members of organizations and institutions (like the family) accept and expect that power is distributed unequally. This represents inequality (more versus less), but defined from below, not from above. It suggests that a society’s level of inequality is endorsed by the followers as much as by the leaders.

For example, Germany has a 35 on the cultural scale of Hofstede’s analysis. Compared to Arab countries where the power distance is very high (80) and Austria where it very low (11), Germany is somewhat in the middle. Germany does not have a large gap between the wealthy and the poor, but have a strong belief in equality for each citizen. Germans have the opportunity to rise in society.

On the other hand, the power distance in the United States scores a 40 on the cultural scale. The United States exhibits a more unequal distribution of wealth compared to German society. As the years go by it seems that the distance between the ‘have’ and ‘have-nots’ grows larger and larger.

The trick then is to not accept the PDI from the lower end. Let me explain.

Excerpts from 2007 article by a Stefan Bach , Giacomo Corneo  and Viktor Steiner at www.voxeu.org entitled German income inequality outlines an idea.  The article says:

Paul Krugman frequently mentions that America’s super rich make the 19th Century wealthy look poor. “We know what John D. Rockefeller, the richest man in Gilded Age America, made in 1894 … $1.25 million, almost 7,000 times the average per capita income in the United States at the time.” Krugman wrote. ”But that makes him a mere piker by modern standards … James Simons, a hedge fund manager, took home $1.7 billion, more than 38,000 times the average income.”

Surely such extremes cannot happen on Continental Europe with its social market economics and social solidarity. The authors of Policy Insight No. 4 shows that although income inequality in Germany is a long way from reaching US proportions, the trend is in that direction. Germany rich are getting richer, and its super-rich are getting super-richer.

In other words as a society progresses, those with power get richer while the majority of  the population become poorer.

Note above that power is determined  from below, not from above. It suggests that a society’s level of inequality is endorsed by the followers as much as by the leaders.”

Power is an illusion that keeps most investors and business people depressed while a few gain from this social falsification.

The internet destroys this illusion. The web gives us all power!  Today we have as much opportunity as the rich to gain from the changes that this economic correction will bring.

This is why Merri, our webmaster and I have created a new course on how to build a web business with a webmaster.  More on this in a moment.

First what you can do as an investor or with your own business.

One answer we saw above is to live in a better lower cost environment like Ecuador.

Another answer is to be a multi currency investor. Despite America’s government spending , the dollar has been gaining, particularly against European currencies. The euro slipped to under $1.26, nearing a two-year low and down from a high of almost $1.60. This is caused as fearful investors jump into 10-year Treasury bonds… which have been shown to be terrible long term investments.   All the US government spending means that the US dollar will fall. But against what?

The euro is not a trustworthy currency now. A March 1, 2009 New York Times article by Steven Erlanger and Stephen Castle entitled “Growing Economic Crisis Threatens the Idea of One Europe” explains why.  Here is an excerpt from that article:

The leaders of the European Union gathered Sunday in Brussels in an emergency summit meeting that seemed to highlight the very worries it was designed to calm: that the world economic crisis has unleashed forces threatening to split Europe into rival camps.

With uncertain leadership and few powerful collective institutions, the European Union is struggling with the strains this crisis has inevitably produced among 27 countries with uneven levels of development.

Whether Europe can reach across constituencies to create consensus, however, has been an open, and suddenly pressing, question.

“The European Union will now have to prove whether it is just a fair-weather union or has a real joint political destiny,” said Stefan Kornelius, the foreign editor of the German newspaper Süddeutsche Zeitung. “We always said you can’t really have a currency union without a political union, and we don’t have one. There is no joint fiscal policy, no joint tax policy, no joint policy on which industries to subsidize or not. And none of the leaders is strong enough to pull the others out of the mud.”

Thomas Klau, Paris director of the European Council on Foreign Relations, an independent research and advocacy group, said, “This crisis affects the political union that backs the euro and of course the E.U. as a whole, and solidarity is at the heart of the debate.”

“All of that is in doubt if the cornerstone of the E.U. — its internal market, economic union and solidarity — is in question,” said Ronald D. Asmus, a former State Department official who runs the Brussels office of the German Marshall Fund.

If the the euro is a good currency for diversification, which currencies are?

Our multi currency course helps you learn how to diversify into safe currencies.  Our studies currently suggest that the Danish, Swedish, Norwegian kroner and Canadian dollar make sense. For example beginning in March the Swedish kroner hit a new record low. The Eastern European problems are having an adverse impact on the Swedish banks.   Also the Norwegian currency is a good technical buy.

You can join us to understand why these currencies make sense by subscribing to our on line multi currency course.

You can also join us for a currency review at JGAM’s Naples Florida investment course May 29 to 31, 2009.  This course is $499 ($750 for two) but free to those who have subscribed to our on line multi currency course.

Another way you can attend JGAM Florida seminar free is to subscribe to our course on how to have a web based business.   You can enroll in this special course for $299 and attend the JGAM course in Naples free.

Here is a special offer on this course “Tangled Web – How to Have a Web Business“.

Or join us for an upcoming course in North Carolina or Ecuador.

Gary

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

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 Police & Health Services


Cotacachi police are an integral part of the excellent Cotacachi health and safety service.

There are several police stations in Cotacachi.

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The police are friendly and helpful.

This is refreshing at a time when the police are often aggressive.  One delegate from South Texas told me last month  that just driving in the country, doing nothing wrong, except perhaps having a car with tinted windows.  He was stopped three times.   The stops, he said, “were not pleasant”… the TSA agents were on the verge of being rude… hostile… for no reason. He made the mistake… just once of trying to make a joke and was severely reprimanded by the officer.

Yet this may get worse.

An excerpt from  February 23 New York Times article by Randal C. Archibold entitled, Wave of Drug Violence Is Creeping Into Arizona From Mexico, Officials Say says:

PHOENIX — The raging drug war among cartels in Mexico and their push to expand operations in the United States has led to a wave of kidnappings, shootings and home invasions in Arizona, state and federal officials said at a legislative hearing on Monday.

The drug trade has long brought violence to the state, which serves as a hub as illicit drugs and illegal immigrants are smuggled to the rest of the nation.

Over all, in this city and surrounding Maricopa County, homicides and violent crime decreased last year. But the authorities are sounding an alarm over what they consider changing tactics in border-related crime that bear the marks of the violence in Mexico.

A home invasion here last year was carried out by attackers wielding military-style rifles and dressed in uniforms similar to a Phoenix police tactical unit. The discovery of grenades and other military-style weaponry bound for Mexico is becoming more routine, as is hostage-taking and kidnapping for ransom, law enforcement officials said.

The Phoenix police regularly receive reports involving a border-related kidnapping or hostage-taking in a home.

The Maricopa County attorney’s office said such cases rose to 241 last year from 48 in 2004, though investigators are not sure of the true number because they believe many crimes go unreported.

The violence in Mexico — where more than 6,000 people were killed in the last year in drug-related violence, double the number of the previous year — is “reaching into Arizona, and that is what is really alarming local and state law enforcement,” said Cmdr. Dan Allen of the State Department of Public Safety.

“We are finding home invasion and attacks involving people impersonating law enforcement officers,” Commander Allen told the State Senate Judiciary Committee, whose chairman, Jonathan Paton of the Tucson area, called the hearing. “They are very forceful and aggressive. They are heavily armed, and they threaten, assail, bind and sometimes kill victims.”

Chief David Denlinger of the State Department of Public Safety said that while tactics like home invasions might not be new in the drug trade, “they are getting more prevalent.”

“Border crimes are not just on the border,” Chief Denlinger said, pointing to posters showing weapons, drugs and people who had been held hostage.

This type of problem in the US could increase the forcefulness of the US law enforcement and make contact with the police less pleasant.

The Cotacachi police are not aggressive.

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One guest at our hotel Meson de las Flores wrote about the Cotacachi police that gives a feel of how these law enforcement officers work with what he called “insistent persuasion”.   He wrote:

“Gary, I want to express my appreciation for your gracious hospitality on a recent stay at El Meson de los Flores. It was a relaxing three days.
“There was an incident on the street outside the hotel that might interest you. I was awakened one night by a ruckus on the street. Loud enough to prevent drifting off again I picked up my flashlight to check the time, 2:00 am. It sounded like several men were having an extra good time laughing and talking loudly.

A few minutes later I heard a vehicle approach and red light flashed around the bedroom walls.

I went to the window.

There was a pickup parked on the otherwise empty two lane street headed from my right to left (on the far side of the street to the hotel) opposite my window. The four door police pickup truck with three policemen stopped abreast the first pickup (close to the hotel) only a half vehicle length ahead of the first pickup.

One policeman exited the police truck’s left side standing under my window against the hotel wall watching the action holding a short barreled shotgun at ready.

The other two policemen mixed it up with four clearly smashed Ecuadorians in the middle of the street between the two vehicles. I witnessed the arrest progress.

The uproar increased (three more voices). Shortly the racket lessened. Then three men got into the police truck with two policemen. The third policeman got into the driver’s seat of the first pickup with one arrestee in the passenger’s seat and both vehicles drove off stage left.

I crawled into bed marveling that there had not been a show of force, only insistent persuasion. No swinging night sticks, sitting on the curb or face down on the street, handcuffs, rough shoving or body searches even in the face of resistance. Only patient urging with shotgun backup. Might this incident reflect favorably on the Ecuadorian temperament?”

The Cotacachi police are tolerant as well.

Cotacachi’s system allows for a human touch, for interpretation of the spirit of a regulation that goes beyond the letter of the law. For example the man below stands in one of the main intersections of the village and directs traffic. Dressed in the typical gray cameo of the Ecuador traffic police, he has his whistle, works all day, saves the community the cost of a stop light. He gets the job done. Yet he is not a policeman. He is not employed by anyone. He is handicapped and people just leave him to earn this humble living.  he helps… no harm done… so he is not bothered.

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Until next message may your needs for police be few.

Gary

Join us in Cotacachi.

What others say about joining us.

Hi Gary & Merri,

Just wanted to write and thank you for such a fun, interesting and exciting time in Cotacachi.  From the moment we got there, till we left, we were treated so kindly, and there was never any stress.  Being with you, your staff and the other guests – it felt like a family reunion; like one big family.  The staff were every present, earnest and helpful, and always a friendly word.

What I thought was particularly interesting was the trip we took to the sacred springs of the indigenous.  I experienced a very strong healing, and still feel great.  I’ve had some chronic pain for a long time and it is almost non-existent now.  The shaman (or curandero?) said that the water had strong energy and would change our energy.  It sure did for me! Although I may be the only one, since I didn’t hear anyone else say they had this type of experience.  Also the two courses we took, the Vedic Astrology and the Imbabura Real Estate tour was beyond anything we expected.  PhD Astrologer, Blaine Watson (what an inspired guy!) had a great presentation and took time to address some individuals questions on the particulars of their charts – which was insightful and amazing.  I am so looking forward to have my one-on-one reading on the phone.

The real estate tour was a blast.  Merri was really in her element – she was the “energizer bunny” simulataneously directing the coach driver, the taxi following us, lunch arrangements, all while giving running commentary on the microphone about where we were, what we would be seeing and why certain places did not welcomed foreigners and which places were favorable.  There were low-end, high-end, city and country homes, townhomes, lots and parcels for development.  Her expertise and knowledge of 14 years of living there was very much appreciated  – and the lunches she arranged were really great– and so much fun as a group.

The food at the Meson de las Flores was fabulous, organic, pure, fresh and delicious.  As you have said about other guests, we too managed to lose a little weight in the short time we were there.  I think it was all the walking, the altitude and the low carb, low sugar food you served.  Every meal delicious, and the items for tea and the deserts were wonderful while not very sweet.  Oh, and the fresh juices were heaven!

As I’ve been telling my friends, the best things about Cotacachi were;  the people, the energy, the food, the weather, the quaintness, and the calmness.  The residents were so nice and we had no fears about walking thru the village and plazas at 10:00 at  night, which we did almost every night.

We had a blast and we thank you and your staff for all your efforts.

Very Sincerely,

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 three courses in any one month.

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

Cotacachi Ambulances & Health Services


Cotacachi ambulance services are free.

A recent message looked at the Cotacachi hospital and health services and showed how all of the care is free to all who show up including non-Ecuadorians.

The ambulance service is also free including transfer to other hospitals or clinics, even as far away as Quito (75 miles).

Cotacachi-health-services

They offer fast response.

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The ambulances are fully equipped.

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Until tomorrow’s message may your need for ambulances never be dire.

Gary

Join us in Cotacachi.

Here is what others say about being here.

Gary and Merri,   Nick took this picture of Ma during the real estate tour that we were on, and I just love it.  Thought you might like to have it.   Again, THANK YOU so much for your kindness in allowing me to stay here.  It’s been one of the great pleasures of my life to get to know you two (and Ma!).

cotacachi-ambulance

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 three courses in any one month.

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

Cotacachi Hospital & Health Services


Cotacachi Ecuador hospital and health services are complete. Many are free!

There is a small hospital, certainly good for emergencies. Founded in 1977 it is similar to those in other small Ecuador populations.

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The Cotacachi hospital has a pride that everyone attached to the hospital feels.  Their mission statement is “To convert Cotacachi into a healthy county in which the multi-ethnic peoples live in social, spiritual, material and environmental harmony exercising shared rights and responsibilities in a participative democracy applying principles and values of equality and solidarity prioritizing the promotion of health with universal access to health services of warmth and quality using both western and traditional knowledge and practices.”

The Head of Cotacachi hospital is Doctor Oscar Castillo.

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Cotacachi hospital is funded by the Ministry of Health based in Quito and as such ALL services are free.

This surprises many but so do the care and standards of Cotacachi’s hospital and health services.

There are doctors providing consultations to the local citizens, a specialist children’s doctor. Services include vaccinations, pregnancy care and general medical practice.

There are four emergency doctors who treat burns and injuries from accidents and also an operating theater with a general surgeon.

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Staff nurses are ready to attend the patients in the wards, separated into those for men, women and children.

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Operations performed at the Cotacachi hospital include appendectomies, hysterectomies, removal of the gall bladder and treating hernias. All of these are free to all who show up including non-Ecuadorians.

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There is a dental center, again offering free dental attention.

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There is also a testing laboratory that run tests on blood, urine and feces to test for cholesterol and psa levels or even parasites…

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Cotacachi hospital does not treat broken bones nor patients who’ve suffered a heart attack or stroke. These patients are rushed by ambulance to city hospitals or clinics in nearby Ibarra. Or they are brought to Cotacachi hospital to be stabilized before being transferred to other clinics.

One delegate at our hotel had a heart attack one night.  He was whisked there and stabilized.  He was then taken to Ibarra hospital and finally Metropolitan in Quito before heading back to the US.

Later he had a second attack in Atlanta. His comment was that he was headed back here because if he had a third attack he wanted to be in Ecuador.  He stated that not only was the difference in cost incredible (no $27 a roll toilet paper here, he said), but the caring nature of the Ecuadorians made him feel really looked after.

Repeatedly we have had guests tell us they visited a doctor and that the doctor then drove 45 minutes to just stop by and see how the guest was doing… no extra charge.

Until next message may all you health be good.

Gary

Join us in Cotacachi.

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 three courses in any one month.

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

Ecuador Easter Lilies


Fresh Ecuador Easter lilies are now available to be delivered to your home in the USA.

Over the past years, hundreds of Gary Scott readers have had fresh Ecuador roses delivered direct from Ecuador to their home by Fedex. For this Easter holiday you can have the option of Ecuador lilies or fresh Ecuador roses.

Last year Merri surprised me on Father’s Day not with roses but 25 fresh Ecuador Lilies! I was thrilled at their beauty, aroma and endurance. Here are those Ecuador lilies in our home.

ecuador-easter-lilies

We asked our flower supplier if he could deliver Ecuador Easter lilies and he wrote:  The price for lilies is $65 per box.  Each box has 25 oriental lilies.  These are the bigger Easter lilies. We have pinks, pink bicolors and whites.

As with fresh Ecuador roses, we have added $19 to the price so 25 Ecuador Easter lilies is $84.

We will donate $20 to help Ecuador’s poor for each order. Just as we do with Ecuador roses…  we lose a couple dollars on each purchase.

You can see why we are happy to donate this at Ecuador rose thanks.

You can order Ecuador Easter Lilies here.

Fedex will deliver them directly to you in the USA from Ecuador.  We regret that due to customs difficulties. Fedex will not deliver them in Canada.

Open them. If you are not satisfied that these are truly remarkable lilies, give them back to the Fedex driver and let me know. I’ll give you a full refund.

To assure the refund you must inspect the flowers with Fedex when they are delivered. If you are not satisfied, they must be returned at the time of delivery.

I will forward your order to Roberto Ribadeneira, the rose plantation coordinator who will follow your order from the farm to your home.  He will first email you to make sure you get the color choice you like best and coordinate your delivery time.

If you do not respond to the plantation to indicate a color choice and time, the flower growers will send the best available color combination for the first possible delivery.

As mentioned this is not a deal that helps my pocketbook. I am paying $60 to deliver these roses to you. I donate $20 to the charity. I pay my credit card discount. At the $79 price I am down two or three dollars for each 50 roses. That’s okay…the cause is worthy and Merri and I will be much richer in the heart.

We cannot accept  Ecuador Easter lily orders after 12 noon Tuesday April 2,2009.  Delivery will be April 7, 2009.

You can order Ecuador Easter Lilies here.