Tag Archive | "South America"

Ecuador Demonstrations


There were some Ecuador demonstrations last week.

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This and the AP photos below by Dolores Ochoa show Ecuador protesters blocking the Pan Am Highway. See excerpts of the related article below.

Merri and I are used to these Ecuador protests as they are part of life in Ecuador. Though we have not seen any Ecuador demonstrations for several years,  they represent a good part of the Ecuadorian way and I am proud of how the  people exercise their democratic rights…. peacefully… but effectively.

The French use demonstrations as well and remember France is where many of the current ideals of democracy as we know them and processes that helped the industrial revolution really begin.

Yet the French leave cars flipped and shops burned. Remember what they did to some of their royalty!  In Ecuador violence is rarely the case.

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Part of Ecuador’s political problems are created because the majority of the population are very poor… and poorly educated… but they are gaining.  This is Maria…  excited to be headed on her first day to university to study tourism management through a scholarship provided by our foundation, Land of the Sun.

Merri and I have been in the midst of several Ecuador demonstrations.  Our first protest party took place many years ago in the 1990s.  We had to get a friend from Latacunga, (one of the most active places for demonstrations), to Quito airport.

There is a “moving through Ecuador road blocks art” that we learned.

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Ecuadorians are by nature friendly and easy going. Violence is rare… in their protests, crime or politics. These girls attend the Topo Grande school that Land of the Sun foundation is assisting.

In that first protest adventure we were with a yatchak… in his car… a four wheel drive. This meant that  a lot of the demonstration avoidance tactics came in the form of driving down railway tracks, through football fields and for quite some distance on the grassy path that formerly was the Incan trail.

Eventually however one meets a roadblock.  On that trip the yatchak did most of the work. As gringos we stayed in the car and let the yatchak do the talking.  Most road blocks are more like street parties… the blockers only half serious. There are generally two types of demonstrators… those with a real gripe and the majority who see the demonstration as a sort of fun time.

If you meet up with the party types… usually a dollar or two is a sufficient consideration to be able to move on IF one approaches the road block correctly… never with pushiness or aggression.

If one meets up with those who have a true grievance… the process is more difficult but usually  an earnest listen to their complaint… a murmur of agreement, some sympathy and an explanation of why you need to pass through, with perhaps a dollar or two will open the block.

In that first trip, the taxi drivers had the complaint… so they were the hardest nuts to crack… but the yatchak never failed.  Gentle words… appreciation for their plight and explanation of our own problems always opened the gates.

That trip to the airport took much longer than normal… one does not rush through these events… but we were able to help our friend board his plane on time.

Our second Ecuador demonstration trip took place on the day before one of our seminars in Ecuador.  Talk about terrible timing!

We always met delegates when they arrive at the airport the day before the seminar so we needed to travel from Cotacachi to Quito.  Normally we would make the two hour trip via the Pan American highway.  But Otavalo is another major, strong point for demonstrations.

We have developed a network of friends across the country so we knew that the Pan American was tightly closed.

So we headed down the back roads with an intrepid taxi driver who knew the ropes.

At each road block I would lay down in the back seat, close my eyes and groan.  Owh owh owh.

Merri, looking as pathetic as possible, rambled on “Me esposa necesita un hospital”.

The taxi driver requested clearance to the “hospital” and offered a few dollar for the favor.

This worked half way to Quito.  However there are some road blocks that just cannot be passed.  We found such a place where one group had dug a large pit through the road.

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Another AP photo shows how some road blocks cannot circumnavigated.

Here I experienced a major recovery from my illness, grabbed our suitcase and we walk through the burning tires… NOT LOOKING ANYONE IN THE EYE.

The only hangup came when our hound dog Ma became tangled in the wires from burned tires. On the other side of the road farmers awaited with their pickups.   For $20, they were willing to give us a lift into town. The normal two hour journey turned into six…. but we were there, smiling when our delegates arrived.

The demonstrations (as with those last week) lasted only a day and we accompanied our delegates on the bus back to Cotacachi next day on the Pan American highway.  No one really suffered.

In short Ecuador demonstrations can range from kinda fun to frustrating… but rarely dangerous… as long as one takes their time, remains passive and avoids getting involved.   These Ecuador demonstrations, are in my opinion, a good part of Ecuador’s democratic process.

I expected political tensions to tighten in January… but they seem to be winding up sooner.

Here is my thinking why there will be more political turmoil in the months ahead.

Part of Ecuador’s political problem began over 500 years ago when the Spanish began colonizing the area that is now Ecuador. The system favored a few at the expense of the majority and has remained that way.

Today the majority of the population is indigenous….but historically have had little political power and they have the smallest portion of wealth and income. Here is a resident of the village of Topo Grande.

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Slowly they have become increasingly organized and must be considered as a political power that now determines elections.  Yet due to the fact that they still remain among the poorest sector of the population, they also understand the global economy the least.

Almost every Ecuador president, since Merri and I began living in Ecuador, has been elected in part by making promises to poor people, like this lady above, that could not be kept.

President Correa is included in this definition and had two added benefits… his ability to speak Quichua (the indigenous language) and high oil prices when he entered office.

Oil revenues provide the major part of the government’s income and the high prices allowed Correa to keep many of his promises in his first years in office.

Then oil prices dropped and the government began cutting back.

This put so much pressure on the government income that in July 2009 it sold a billion dollars of oil to the Chinese.

An excerpt from a Reuter’s article entitled “Oil-hungry China moves to strengthen Ecuador ties” explains as it says:  QUITO (Reuters) – Oil-hungry China is moving to strengthen ties with OPEC member Ecuador, part of a global trend in which the Asian giant is providing billions of dollars in financing to producer nations to guarantee energy supplies.

Ecuadorean President Rafael Correa said on Saturday the country will receive $1 billion as advance payment for future oil sales to China. Ecuador sends most of its oil to the United States, and is trying to diversify its market.

Details remained unclear on Monday. But China, the world’s second biggest petroleum consumer after the United States, is striving to cement better ties with resource-rich Ecuador.
Chinese company Sinohydro is bidding for a contract with Ecuador to build a $2 billion hydroelectric plant in the country.

In addition, the leftist Ecuadorean government says it is in talks with Chinese companies interested in investing in the Manta air base, which the U.S. Army is due to leave in September. Ecuador wants to build a commercial airport in Manta.

According to the Chinese customs office, China imported 326,000 tonnes of crude oil from Ecuador in the first four months of 2009.

Ecuador is the fifth largest producer of crude oil in South America after Venezuela, Brazil, Argentina and Colombia. It produced 486,000 barrels of crude oil a day in May.

Impoverished Ecuador faces a liquidity crunch due to low oil prices. The government’s recent debt default has shut the country off from the international capital markets.

Here is how one sharp Ecuador businessman explained the problem to me.

The government took payment now on 30% of its future oil, beginning next January to balance the current budget. How will it balance its budget next year with only 70% of its oil?

This leaves the Ecuador government only two options… higher gas prices… a factor beyond its control… or a cut back which means breaking more election promises.

That’s why it made sense to me that demonstrations would start next year not now.

However I was wrong. On hearing of the demonstrations I wrote to a network of friends and contacts across the country to get people’s opinions. Here are some of the replies I received.

Business person from Manta:

Dear Gary, Today Sunday the indigenas stared to make groups in different places of Guayaquil  and especially Quito. It Iooks like they want to make strikes tomorrow and to close main roads especially in highlands areas.   Until this moment everybody is quiet and nobody worries over  that situation.  The people are asking for solutions to water problems and something more.,

I think we have to see what happens tomorrow and hope that there is nothing more than a one day demonstration.

The Real Estate Tour in Manta was very good yesterday.  The people were very nice and it looks like two couples and two men are planning to stay in Manta to see more properties.

Demonstrations have been brewing and are now taking place on two fronts.

One of them regards schoolteachers that are part of a much politicized association called UNE (Union Nacional de Educadores – or National Teachers Association) who opposes the widely celebrated regime effort to bring higher quality to public schooling via teacher examination and training.

UNE appears to be divided in this and the government is gaining ground in this legitimate endeavor.

The other front regards mostly the indigenous population (also somewhat divided), who opposes the draft for the new Water Law, claiming that it will “privatize” water, something that has no grounds.

They say that they have not been taken into account in drafting it and that it has elements for the privatization of water. Please note that the indigenous peoples of Ecuador are very dependent on natural water sources for their livelihood.

The indigenous population is adept at closing-off highways in very disruptive demonstrations.

So far it seems that the demonstrations have been mostly mild but it’s hard to tell if they will flare-up big time.

The indigenous people also oppose the new mining law on environmental grounds. The general public believes this new mining law is important as it provides environmental safeguards but also allows the exploitation of our mineral riches under a better framework. There are always tradeoffs of course.

President Correa’s Government keeps a very high level of support amongst the population and has been extremely able to defuse situations like this, even though it has had a confrontational stance.

Change brings discomfort and demonstrations are part of our culture. I hope and trust they fade away amidst inclusive dialogue.

It seems that by Tuesday the demonstrations were defused. The biggest supporters have lifted their demonstrations in order to start a dialogue process.

Some fringe groups still remain protesting but for the most the demonstrations should be over now.  Best regards,

Business Person from Puerto Viejo

Hi Gary, Sorry I could not get back to you before.

As you probably know already, demonstrations have been going on this week.  There  are several groups such as teachers (UNE), indigenous people (CONAIE), high school and university students and other small groups who have gotten together protesting against different things they consider that violate or diminish their rights:  all of them have in common their opposition to the government, although the majority of them were part of the government in the past .

Each of the group is protesting against a particular law that is about to pass in the congress:  CONAIE  are against Ley del Agua or a law which regulates water and that in their opinion privatizes the water.  UNE or the teachers are against a new law of secondary and elementary education and also against some regulations that will reduce their salaries.  Students are also against  the law of university education which will not allow to have private universities in the future.  Of course political parties are also involved in these demonstrations.

CONAIE is now splitt and having talks with the government so I do not expect their strike to be as strong as in the past.  UNE  or the teachers are the ones that seem to be stronger and they are right now in their third week of protest.

Please let me know if you need more information or comments on these issues.

Kind regards,

Vilcabamba Teacher:

How are you?  I just read a little about this problem in my Country.  You know I feel sad about it because the only people who suffer the consequences are the students, right now the public schools and some universities are closed, students are in their homes.

UNE (national union of teachers) is protesting for 3 reasons:

1) The Ministerio de Education did some kind of administrative process against the teachers who did not do a test (I do not what kind of test) before, this administrative process could cause a teacher to be fired, so, UNE do not accept this process.

2) Also UNE protests about the new reforms in the law that reduce 1.5% of their salary.

3) UNE protests because a new law says that school´s authorities should get a commission of service without a salary.  Regards

Quito Businessman

Hi Gary,  There are 2 ways to read into this:

1.  Correa is trying to clean up the mess that Ecuador’s education system has grown into over the years, with UNE, the main teachers’ association becoming a by-product of the left wing political party MPD.  He has run into opposition and this has lead to the UNE’s strike which started last week.

He is also trying to put some order into the way water rights are distributed and managed in the country, thus angering CONAIE (whom he no longer needs as a political support base because through the same CONAIE and Pachakutik he has gained direct access to the indigenous people by providing them housing, infrastructure, etc.).

Now it turns out that the UNE strike will tie into the CONAIE demonstrations, and things could turn nasty next week.

2.  Correa has become obsessed with his power, and as such is trying to get control of every aspect of Ecuadorians’ life, including education, the use of land and water, the economy in general and of the production and industrial sector (taxing importers out of business in order to support local industry).  In doing so, he has alienated many of his former allies and has made worst enemies of his former foes.  This is unsustainable in the long run and the first signs that his government is heading into severe difficulties are starting to appear.  As you are aware, Correa has a very aggressive political style, criticizing his opponents and trying to make anyone who does not support him look bad and ridicule.  This has its cost and now Correa may be starting to pay the price.

Frankly speaking, I do not know how serious that is.  The main support of Correa’s “Citizens Revolution” has been the poor people.  If they start to turn against him, I do not think he will fare very well.  On the other hand, these demonstrations may just be caused by a minority of UNE and CONAIE, in which case, they will pass and it will be business as usual in Ecuador.   It is hard to tell at this time, but one thing that is for sure is that people are starting to run out of patience with respect to Correa.  We will have a clearer picture by next Monday, because it will be possible to gauge how strong and successful CONAIE’s closing of roads turns out to be.  Best,

Loja Businessman:

University and high school teachers have been protesting the elimination of a 1.5% payment and a couple of other issues. These protests began last week.

This is normal in Ecuador particularly by the union involved. They like to do this in the beginning of the school year.

The police are involved which makes this more serious, but I don’t know how serious.

Guayaquil businessman:

Gary, I do not see it so bad.

Ambato Investor:

By the way, from reading the article, it is not so against the Correa-Government.  Nonetheless, there has been some small protests in Ambato as well.

Coastal Businessman

Gary, thanks..I am in San Clemente and no demonstrations here!

The students and the teachers have always spent most of the time demonstrating..but of course the government thought they would avoid demonstrations against them with the “peoples revolution” slogan..

The indigenous people seem to want to march again against the new mining law and the governments intent to start big scale mining operations to improve finances..

I do not think any of these demonstrations will be even close in size to what they used to be during previous governments..basically because all these movements supported the government and it’s policy and many still do..They also lack the charismatic leaders they once had.

Regards,

This last comment seems to be supported by excerpts of an Associated Press article entitled “Ecuador Indian group protests water, mining laws”: The Associated Press  QUITO, Ecuador — Hundreds of Indians blocked Ecuador’s Pan American highway in several provinces Monday with rocks, tree trunks and burning tires to protest new water, mining and oil laws.

Their leaders suspended the protest late Monday, saying the government had promised to talk about their objections.

The Indians contend the proposed the laws threaten their lands and will privatize water resources. Leftist President Rafael Correa disputes that view, and the ruling party-controlled legislature has been expected to approve the laws.

Monday’s protests on the main national highway paled in comparison to protests that ousted Ecuadorean presidents in 2000 and 2005.

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Third AP photo from this article.

Things are improving. Ecuador’s indigenous are getting richer and better educated.

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Enrique is one of the excellent Cotacachi indigenous builders who is developing homes in Cotacachi. He is among a growing sector of hard working, highly successful and dependable indigenous businesses that help form a strong, integrated  middle class in Ecuador.  Be sure see to see some of Enrique’s houses at this site next week.

Ecuador demonstrations are a part of Ecuador’s democratic process.  Since moving to Ecuador I have seen many presidents comes and many go… very few serving their full term… a process I like better than having a bad president last.    President Correa has enjoyed a time without Ecuador protests because of high oil prices and his willingness to default on Ecuador bonds.  That former decision is now biting him back… along with low oil prices… so more and more are saying… “throw the bum out”.

Wouldn’t it be nice if we could do this at home?

Gary

Combining good international investing with the greatest asset of all, the ability to earn wherever you live, brings everlasting wealth.

This is why we offer our course Tangled Web… How to Have an Internet Business.

A clear mind and healthy body are also a vital assets… plus a second language is a powerful diversification tool.

This is why I am willing to pay you $300 to attend either our Ecuador Super Thinking plus Spanish seminar in September or our North Carolina International Business & Investing seminar in October.  Sign up for either seminar and I will email you our Tangled Web… How to Have an Internet Business Course (offered at $299) free plus I’ll knock an extra dollar off your seminar fee…. to round up the $300 savings.

See details of the two seminar below.

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Delegates at our Ecuador seminars and tours enjoy Ecuador music.

Join Merri, Thomas Fischer of JGAM, our webmaster David Cross and me in North Carolina this October and enroll in our emailed course on how to have a web business free.  Save $300.

Learn more about global investing, how to have an international business and diversification in Ecuador at the seminar.

Oct. 9-11 IBEZ North Carolina

Here is an email for a recent seminar delegate: Hello Gary and Merri,  I have wanted to write to tell you how much we enjoyed your IBEZ seminar, and to thank you both for inviting us all into your lovely home for lunch last Sunday.  Merri, again, thank you for taking the time to prepare foods especially for me; they were delicious, and I appreciate your effort!  Thank you for a thoroughly enjoyable, very well done, stimulating seminar.  I came away not only with all the notes provided, but also with many ideas which I plan to begin working on now that we are back home.  Wishing you all the best,

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

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We take delegates on our Ecuador seminars to Otavalo markets.  Many buy enough goods to resell in North America to pay for their entire trip.  Ecuador textiles like these I photographed in Otavalo are popular.

Here are comments from one seminar delegate about the followup from our course:  Gary & Merri –
I know why I get a ‘warm and fuzzy’ feeling when I see your two names in the ‘From’ column of my emails!  I sincerely hope that others are getting that same satisfaction.  Thank you both again for the help and assistance in getting to Ecuador.

October 16-18 Ecuador Southern coastal tour Sold Out

Oct. 21-24 Ecuador Import Export Tour

Oct. 25-26 Imbabura Real Estate Tour

Nov. 6-8 IBEZ Ecuador Seminar

Nov. 9-10 Imbabura Real Estate Tour

Nov. 11-14 Ecuador Coastal Real Estate Tour

December 6-8 Beyond Logic Shamanic Tour

December 9-10 Imbabura Real Estate Tour

December 11-13 Ecuador Coastal Real Estate Tour

Attend any two Ecuador seminar 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.

“Oil-hungry China moves to strengthen Ecuador tieswww.reuters.com/article/GCA-Oil/idUSTRE56C6FF20090713

www.thestate.com/world/story/962859.html?RSS=untracked
Ecuador Indian group protests water, mining laws

Salinas Ecuador Coastal Update


Here is a Salinas Ecuador coastal update sent to us by Amy Pinoargote.

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Ecuador is known for the Galápagos Islands, the Andes Mountains and the Amazon Jungle.  Did you know that it is also home to the westernmost point in continental South America – the “Chocolatera,” at the tip of the Santa Elena Peninsula in Salinas?

This carries strategic significance. During the World War II era it was home to an American military base.  Now it is occupied by the Ecuadorian armed forces.  However, that doesn’t mean that it is closed to the public.  Visitors simply need to check in at the main gate, where they are asked to leave their driver’s license with the guard.  It will be returned when you check out.  Don’t be alarmed that the guards wear fatigues and carry guns.  Keep in mind that this is normal dress for a military base.

There are no signs or billboards announcing that you have arrived as far west as you can go.  Instead follow signs for the Chocolatera.  You will know you have arrived when you see a black and white lighthouse.  In Spanish chocolatera refers to the container used to make hot chocolate, which is whisked until foamy.  It is said that the waves crashing against the rocky shoreline look like the foam on top of hot chocolate.

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Be sure to wear sturdy shoes.  The terrain is rough and rocky.  Pay attention when you venture towards the edge.  Large waves can suddenly top the cliffs and could even knock you off your feet.  The Ecuadorians say, only half in jest, that if the fall onto the rocks below doesn’t kill you, the sharks lurking in the area will.

Before leaving the base, travel a short distance east from the Chocolatera to the Mar Bravo beach.   It is marked with a sign and lined by a row of tiki huts on the sand.  Surfers say this is the place to find the best waves in Salinas.   This secluded beach is also the perfect spot for a stroll or just to relax and enjoy the sound of the surf.

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During the Ecuadorian winter (North American summer) the rocky outcropping at the eastern end of Mar Bravo beach becomes home to a group of sea lions.

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You will get the best view from the elevated observation area.  And be sure to take your binoculars or use the zoom on your camera to get a closer look.

No matter what time of year you visit Salinas, make sure to include the Clocolatera in your itinerary.

Head south to Ecuador!

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October 16-18 Ecuador Southern coastal tour ONLY 3 PLACES LEFT

Oct. 21-24 Ecuador Import Export Tour

Oct. 25-26 Imbabura Real Estate Tour

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In Cotacachi the weather is always Spring like.  Here is the village plaza near our hotel Meson de las Flores.

Join us with Peter Laub of Jyske Global Asset Management in Ecuador. Learn more about global investing, how to have an international business at the seminar.

Nov. 6-8 IBEZ Ecuador Seminar

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Let our friendly staff at Meson de las Flores serve you.

Nov. 9-10 Imbabura Real Estate Tour

Nov. 11-14 Ecuador Coastal Real Estate Tour

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This shorts weather photo was taken from our beach penthouse in February.

Join us in the mountains and at the sea.  Attend more than one seminar and tour and save even more plus get the three emailed courses free.

Attend any two Ecuador seminar 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

Ecuador Spanish


Our Ecuador Spanish course offers a secret that can help keep up  in a fast changing world.

See thirteen important demographic facts below that apply to everyone who has an interest in business and investing.  These facts also reinforce the importance of Spanish as a second language.

Most of the western world is multi lingual… except North America.

Ideally everyone that moved to North America would learn English…. just as North Americans moving to  South America should learn Spanish.

This does not happen in the real world.  Canadians do better if they have some French and Americans… Spanish.

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Enjoy the beauty of Ecuador as you learn.

Whether we like it or not… knowing some Spanish makes us more competitive in our day to day multi lingual world. Technology and the earth’s growing population makes the global economy of increasing importance to mankind’s evolution.   This will increase, not decrease the clash of  languages.

Spanish is the second most spoken language and its importance is growing in the USA.

Here are 13 of 23 facts presented by the Spanish Translation Service that shows why we dare not be a one language person in a multi lingual world.

1.   According to the 2000 Census, for the first time, non-Hispanic whites are the minority population in the 100 largest U.S. cities.

2.    The US Census Bureau predicts that ethnic minorities, encompassing African Americans, Hispanics, and Asian Americans, will represent more than half of the US population by 2040.

3.    Latinos (35 million strong) have increased their presence in the U.S. population by 58% over the last 10 years, and recently surpassed African Americans as the largest ethnic minority (2000 U.S. Census,).  While non-white Hispanic population grew by 3%.

4.    Hispanics are the fastest growing minority group in the U.S. and are projected to contribute two-thirds to the growth in the size of the high-school-age population over the next decade (U.S. Dept. of Education).

5.    In 2000, one of every five new entrants into the workforce was Hispanic (Census).

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Enjoy great food during meals and coffee breaks like this fresh mango and raspberry juice.

6.    In California, the Hispanic/Latino minority population has now become the majority (huge language implications).

7.    Gregory Spencer of the Census Bureau was quoted in newspapers citing changes in the workplace and marketplace and said “if you want to sell things and go where the growth is, about half of your market will be people in their 50’s, and the other half will be the Hispanic and Asian populations.”  According to the Census in 1996 Latinos and Asians will represent more than half of the U.S. population growth every year for the next 50 years.  Source:  Census Bureau, 1996.

8.    The Latino population alone is now 35 million strong in the U.S. with over $45 billion in buying power (2000 Howell).

9.    By 2050, the Census Bureau projects, Hispanics will be about a quarter of the U.S. population and blacks less than a sixth.

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Our Spanish course is conducted at the Cotacachi Museum which is…

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next door to Meson de las Flores.

10.    Hispanic American purchasing power is growing at two times the rate of general public.

11.    Latinos grew at four times the rate as the national population between 2000 and 2002, according to information released this week by the U.S. Census Bureau (2003 DiversityInc.com).

12.    “The official population estimates now indicate that the Hispanic community is the nation’s largest minority community,” said Census Bureau Director Louis Kincannon in a statement (2003 DiversityInc.com).

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We travel to markets each day and on our real estate tours by luxury coach.

13.    While the U.S. population as a whole is getting older because of the aging Baby-Boomer population, the Latino population is getting younger. More than one-in-three (34.4 percent) of the Latino population in the United States is under the age of 18. This ranges from 37.1 percent of Mexican Americans below the age of 18 to 19.6 percent for Cuban Americans below that age.

Spanish is the second most important language in the world. Yet our educational system did not teach us how to communicate with or understand this culture. Learning Spanish is valuable, important and can be fun!

You can attend our last 2009 Super Thinking + Spanish course (that helps you learn Spanish in less than a week)  this September 17 to 22, 2009. (Arrive Quito Sept. 16. Depart Sept.  22 or 23, 2009).

Even better we have created a special program so you can also attend our September real estate tours, that take place right after the Spanish course, (September 23 – 24 Ibarra real estate tour and  September 25-28 Ecuador coastal real estate tour) at a substantial discount.

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See real estate for sale ranging from small houses like this, to…

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gated communities to this hotel to…

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organic farms, to…

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property on this beach and…

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property in Manta.

Enjoy up to 11 days of great Ecuador weather, solve one of the biggest communications problems that face a great deal of the English speaking civilization, plus learn the Ecuador real estate markets.

This is way to enjoy the cool mountains, bask in the warm Andean sun and learn Spanish and Ecuador real estate.

This allows you to really zero in and refine Spanish with the Spanish course first. Then you put what they have learned into practice the remaining days they are in Ecuador.  To attend all three courses would normally cost $1,797 for one person or $2,497 for a couple. 

This price compared to many seminars is already low and represents a considerable savings. Under our special multi course adventure you can save up to $648.

This makes it entirely possible to spend time in Ecuador, gain valuable knowledge about health and wealth, plus perfect your Spanish.

We hope you will join us in Ecuador.

Gary

Super Thinking + Spanish: Sept. 17 to 22, 2009. (Arrive Quito Sept. 16. Depart Sept.  22 or 23 2009). Enroll here

September 23 – 24 Ibarra real estate tour $499 or $749 for two  Ibarra real estate tour

September 25-28 Ecuador coastal real estate tour  $499 or $749 couple. Enroll here.

Here are your multi tour savings.

Attend any two Ecuador courses or tours…$999 for one.  (save $299).

$1,399 for two (save $349).

Attend any three Ecuador courses or tours…$1,199 for one.  (save $598.)

$1,749 for two (save $648).

Read all 23 facts presented by the Spanish Translation Service that shows why we dare not be a one language person in a multi lingual world.

Ecuador Export & Southern Coastal Tour


We have added an October Ecuador southern coastal and a northern Andes real estate tour to our 2009 schedule.

This southern coastal tour will be conducted just before our final Ecuador export tour of the year conducted October 21 to 25.  The Andes real estate tour will be conducted just after the export tour so you can attend all three.

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We’ll see fine gold encrusted art on the export tour.

Maggie Beesley conducts our export tours and she just sent me this note.

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Leather products of all types.

Value, Value, Value.  Today’s economy has us all looking for value in everything.  In reading Gary Scott’s emails for the last two weeks, we are all learning about ways to help our dollars to go farther, as well as how and where to get wise values.

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Wood carving.

October 21st thru October 24th we will be conducting another Import/Export class in Cotacachi, Ecuador.

If you are a reader of International Living, or Gary’s Ecuador Living, you know Ecuador is rated the number one country in the Retirement Index.

What does this mean?

Value is here, prices are incredible, cost of living anyone can afford and wonderful shopping.

Who should come to the class, why you should come, and what you will learn?

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Botanical art.

In other words…what is this class all about?

•    Creating income
•    Finding those “one of a kind” treasures
•    Having fun doing the above two things

Of course, those are only three things.  You are going to learn to recognize true “finds”….know what your market will buy, and get all these wonderful treasures in your suitcase home safe and sound.

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Ceramics.

We all know shopping is much different today than it was this time last year.  Last year we were still charging whatever we wanted.  This year we are paying cash for whatever we want.  People never spend as much if paying with cash.  So our mission in class is to find things for your market that are affordable, attractive, AND your people will happily hand over those hard earned dollars still allowing you a nice profit.

As I said this time last year, the main question I was asked “Do you take credit cards?”

I did a Bazaar yesterday and not one person charged anything.  The phrase of the day was “if I can’t pay cash for it, I won’t buy it.”  So right away I know some of the high end items that were selling left and right this time last year aren’t going to be my main sales today.

What have I learned?

Always be prepared to offer less expensive alternatives…not less quality, just more affordable for this cash market we are in.  The Credit Card Machine that was a must last year is an unneeded start up expense to you right now.

Don’t waste your money.  Plus the beauty of cash is that there are no additional charges from your bank to process those charges.  All a little more profit for you.  Yesterday at the Bazaar there were 16 vendors and I was the only one who had a credit card machine, and it sat, meaning at the end of the month, that “sitting” charge will cost me $48.00.

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Jewelry

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of many types.

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Now for this class there is a little homework, but fun homework.

FIRST ASSIGNMENT…..I want each of you to think about what you would buy today?

I am not talking about groceries.

Ladies, is it that “to die for” pair of boots on sale, perhaps a leather purse, maybe a wrap for early fall, or decorations for the December holidays?

Guys, what would you buy today? Boots, new billfold/wallet, leather sports jacket, sweater? Just think about what you would spend your hard earned dollars on.

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Top quality hand made suits at really low prices. This suit in french wool cost $135.

Your needs and wants are probably what will sell in your market, and that is what we need to look for.

Knowing your market is probably the most important knowledge you will take with you when making those purchases for resale.  Many of you already know about my red cape.  I love my red cape, however up in the Northeast my buyers are a little more conservative and red is not necessarily their first color of choice.

Gary Scott told me all about knowing my market, but I just love red.  I purchased 6 red alpaca capes plus 1 beige,  1 sage, 1 tan, 1 navy, and 2 black.

Yes you guessed it.

The red capes sat for a bit, but the neutral colors sold instantly and I could have sold more.  So I lost sales, and warehoused those 6 red capes until Christmas.  Moral to this story, please know your market.

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Flowers.

Your SECOND ASSIGNMENT… Please walk around your shopping areas and notice what colors people are wearing. Go into the stores and see what is on display.  Look at every catalogue you get.  What are those colors everyone is looking at?  Purple is huge again in the catalogues and stores, but do you see your market going with the fashion trends?

Look at accessories.

Scarves, jewelry, purses, shawls and make note of the prices.  Accessories have a very high markup, and this is where we can really make our money.

You all have your assignments, so get to work.  In class I want to see pictures you have cut out of catalogues, and let’s see if we can’t find those same items in Ecuador for much better prices.  It is fun!

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Textiles of…

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many

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types.

Look forward to seeing many of you in Ecuador.  By the way, if you haven’t made your flight reservations, there is what I call an “airplane sale” going right now for flights into South America. Grab those lower prices…and you just saved some money.  Maggie Beesley

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Crafts of all sorts and much… much more.

You can enroll in the Ecuador Export Tour here.

Before Maggie’s Export tour you can join Amy Pinoargote and Mike Sager  for the Ecuador southern coastal tour.

We have been our expanding our focus in Ecuador and now are helping readers look in the southern coastal areas.

Ecuador beach property has always represented incredible value and this expansion means we can help readers see a much larger part of the Ecuador coast.

We are also adding an October northern Andes real estate tour as you will see below.

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Those who have been reading our messages for any length of time know that we have focused our efforts on the middle portion of Ecuador’s beach from Manta to Bahia in the province of Manabi.

However there are many other great Ecuador beach areas that some of you want to visit.

I recently sent readers an article “SEE SALINAS LIKE A LOCAL” by Amy Pinoargote  that said:

Ecuador-beach-salinas

The Salinas Malecon area has long been a favorite destination.

Salinas is one of the favorite in Ecuador for good reasons.  It has beautiful beaches, with calm waters perfect for swimming, water sports, activities or just relaxing.   Along the Malecon, or beachfront promenade, you will find a variety of restaurants, hotels, bars and other attractions.  During the summer season there is even a giant sandcastle.  If you “tip” the sculptor $1, he will take your photo.  However, to really enjoy all that Salinas has to offer, you need to get to know it like a local.

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Pose for a photo by the giant sandcastle

Salinas at a Glance

There are two seasons in Ecuador.  Summer runs from December to April and winter from May to November.  The summer in Salinas is usually sunny, with occasional showers.  Daytime temperatures reach the low to mid 80s and nighttime temperatures run in the low 70s.  The winter tends to be overcast to partially sunny, but not rainy.  The winter is actually the drier time of the year and temperatures run about 10 degrees cooler than during the summer.   Because Salinas is semi-arid, it doesn’t experience sticky, tropical humidity.  This makes a comfortable environment for outdoor activities all year long.

As with most beach towns, the dress code in Salinas is casual.  It is perfectly fine to go from beach to restaurant.  Along with your swimsuit, pack plenty of shorts and short sleeved shirts, plus pants and long sleeves if you are visiting in the winter months.   Have a sweater handy, as some days are cooler than others.

Where to Eat

The Salinas area is a prime spot to enjoy fresh fish and seafood, as well as other Ecuadorian specialties.

A great spot to sample those specialties is Delícias de Ecuador, located near the entrance to the Costa de Oro neighborhood on the main road that runs from Salinas to La Libertad.

Prices here are very reasonable.  The daily lunch special or “Almuerzo” includes a soup, entrée and beverage, usually priced at $2.50.

Don’t ask for changes or substitutions on the lunch special; it comes the way it is.  Other options include Seco de Pollo, which is chicken stewed in a tomato-based sauce, and Menestra, lentils or beans served with your choice of grilled chicken, beef or fish.

If a relaxing lunch at the beach, complete with a hammock for a post-meal siesta is your style, drive about 30 minutes north of Salinas to San Pablo.  In this fishing village you will find cabana style restaurants right on the sand, specializing in fresh fish and seafood.

Las Manabas restaurant is one of the best.  If you can’t decide what to order from the extensive menu, try the Chupe de Pescado (fish stew) or Corvina (a mild tasting sea bass), cooked to order.  Most meals run between $3 and $5.

Ecuadorians typically eat a big meal at lunch and a light dinner.

Roca Parilla is the spot to enjoy an Ecuadorian style dinner.  Located a block off the Malecon, it opens at about 6 p.m.  Place your order at the counter, then take your receipt to the grill.  Specialties, which are typically priced from 50 cents to $1 each, include:

Chuzos -shrimp, chicken, beef or sausage grilled on a skewer
Torta de Papa – potato pancake filled with cheese
Torta de Choclo – corn pancake (this one is usually a favorite!)
Muchín – a yucca croquet filled with cheese

No trip to Salinas is complete without a visit to the Cevicherías, casual outdoor eating areas a few blocks off the Malecon that specialize in ceviche.  Shrimp ceviche in a tangy salsa is a good choice.  Shellfish and fish ceviche are also available.  Be aware that the shellfish or fish will not be cooked in the traditional manner.  The citrus juice in the salsa is said to “cook” the fish.  If you have concerns about eating uncooked fish, go with the shrimp version, which is cooked.

Things to See

If you want to browse for souvenirs, visit Mercado de Artesanias, an outdoor flea market in the Chipipe area of Salinas, where you can buy a variety of Ecuadorian handicrafts.

To get a glimpse of days gone by, visit the Museo de Sumpa.  This small, but well thought out museum features exhibits of artifacts from the early residents of the Santa Elena peninsula, including the Las Vegas culture.  It also features a Las Vegas burial site of the “lovers of Sumpa,” mummified remains of two people that appear to have died in an embrace.  You can also tour a cane dwelling typical of those built by the early settlers.

Enjoy a relaxing evening drive a few miles across the Santa Elena peninsula to the Punta Carnero beach, where you can see some of the most beautiful sunsets in Ecuador.  On your way back to Salinas, pass by the Malecon of La Libertad and stop for an evening stroll.

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Whether dining, sunsets or beach activities are your idea of a fun time, you will find it in Salinas.

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Gerardo & Amy Pinoargote spend their time between their home in Florida and Salinas and together with relatives are building and managing Spondylus II, a small beachfront development in the Costa de Oro area of Salinas, about 2 miles from the Malecon.

This is an area they like due to its privacy, great beach for walking, sunbathing and water sports. Yet it is just a short ride to dining and shopping in the central area.

Spondylus II  is a family business consisting of three towers. Tower A1 is sold out, except for a ground floor ocean front 1000 square foot unit. Several one and two bedroom suites are still available in tower A2, priced from $49,500 to $50,500.

Larger 1300 square foot units are also still available, priced under $110,000. Tower B has just been release for sale and features larger units (1400 – 1500 square feet), in the $120,000 – $135,000 price range.

Spondylus II offers the following amenities… beachfront pool & social area, a workout center, 24 hour security and the Pacific Ocean as a front yard.  All units feature granite kitchen counter tops, tile floors, tile baths, inset ceiling light fixtures and wooden kitchen cabinets.

Now it is possible to see Salinas like a local with Amy and her husband acting as your hosts and guides.

Amy and Gerardo Pinoargote, along with American real estate broker, Mike Sager, will conduct a Ecuador southern coastal real estate tour October 15th through 18th.

On this tour you can get to know Salinas property and the real estate along the beaches north of Salinas.

This is an opportunity to view more than a dozen properties and get tips from experts who are living in this area right now.  You save time, risk and zero in with help from those “in the know”.

The tour makes your real estate investigation efficient and productive but also allows time for relaxing in the evenings and enjoying the beaches.  Plus as you’ll see in a moment could save you thousands should you ever decide to buy in this area.

Here are a few of the properties you’ll see:

•    New 2 bedroom condo located directly on a tranquil beach in popular Salinas… $55,000.

•    3 bedroom, 3 bathroom house with ocean views in the most popular complex in Olon…. $100,000.

•    Large house on a ¼ acre lot near Montanita, complete with basketball court, ample parking and caretaker’s cottage that could be a bed & breakfast… $250,000.

The southern coastal tour package includes three nights accommodations:

Thursday, October 15 –  The tour fee includes a room at the Castel or similar hotel in Guayaquil.
Friday, October 16 – breakfast, transportation from Guayaquil to Salinas, lunch, Salinas area property viewings, happy hour and night’s stay at Coco’s or similar hotel in Salinas.

Saturday, October 17 – breakfast, Ruta de Sol property viewings (Ballenita to Montanita), lunch, night’s stay at Charo’s or similar hotel in Montanita.

Sunday, October 18 – breakfast, Olon area property viewings, lunch, tour of Salinas , return transportation to Guayaquil, night’s stay at the Castel or similar hotel in Guayaquil.

The tour will be limited in size but you can assure a space and save $100 if you reserve by September 1.

If you enroll today, the fee is $499 for one $998 for two.

Tomorrow the tour fee rises to $599 for one and $1,198 for two.

See how to save even more on multiple tours below.

The tour package does not include your flight.  You should plan to fly into Guayaquil on October 15th and depart from there on the 19th.  If you are attending the export and/or Andean tour we’ll help you join other delegates in Quito.

Save 2% on real estate purchase.

We are promoting this tour in cooperation with Gerardo, Amy and Mike and when we promote outside tours, we always ask for the tour operator to give something special to our Ecuador Living subscribers.

In this case,  Amy & Gerardo will provide Ecuador Living subscribers a 2% discount on any  Spondylus II condo purchase. This is possible because we do not accept real estate commissions and ask that the benefit of exposure to our large readership (this message will reach 16,572 readers) be pass onto our Ecuador Living subscribers.

Your tour does not have to end on the southern beach. As mentioned, you can then continue to Quito and Cotacachi for our October 21 to 24 Ecuador export tour.

Still more… Imbabura Real Estate Tour

Finally you can also join our October Imbabura real estate tour October 25-26, where we have also convinced developers and real estate sellers to pass savings along to our tour delegates in the form of  discounts.  For example the Prima Vera condos also offer a 2% discount to buyers from our tours.

Join us for one, two or all three tours.  Reduced tour fees apply for attending two or three tours.

October 16-18 Ecuador Southern coastal tour (early sign up before Sept. 1, $499 per person).

Oct. 21-24 Ecuador Import Export Tour

Oct. 25-26 Imbabura Real Estate Tour

Attend any two Ecuador seminar 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.

Gary

Ecuador Real Estate Tours


A schedule of our remaining seminars and Ecuador real estate tours for 2009 is below.

There is also information about shopping in Salinas and a green investing idea.

Please note that we have added a Southern Ecuador coastal real estate tour that will be conducted by Amy Pinoargote.

Here is an interesting explanation that Amy sent about shopping on Ecuador’s southern coast.

Farm Fresh Produce in Salinas
Story and photos by Amy Pinoargote

Salinas has several large, modern grocery stores, but the savvy shoppers don’t buy their produce there.  Instead they travel just a few miles to the “Plaza” or farmer’s market in nearby La Libertad.  This huge market is open 7 days a week.  Not only is the produce sold here even fresher than that sold in the supermarkets, it also costs less.

Ecuador’s climate lends itself to year round cultivation of a variety of both familiar and exotic fruits and vegetables.  You can always find tomatoes, avocados, carrots, oranges, endless varieties of fresh beans and other staples.

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How much can you expect to pay?  A couple of dollars will go a long way.  The price on limes runs between 50 and 100 for $1.  You can also get two pineapples or several large, sweet mangos for $1.

Don’t expect to find neatly wrapped bunches of bananas, though.  You will see both bananas and plantains being sold by the branch.  Of course if you don’t want to buy several dozen bananas at a time they are sold in smaller quantities.  One variety you won’t to miss is the “orito.”  This miniature banana has a smooth texture and a sweet taste.  The going price is usually ten for 25 cents.

Not only is the produce fresh, the prices are low.  For example, you can get two delicious pineapples for $1.

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Some of the more exotic choices include cherimoya, mamey and melloco.   Cherimoya is a brownish green, heart-shaped fruit.  It’s eaten by breaking open the fruit and scooping out the white flesh.  Be prepared for plenty of seeds.

The mamey is a fruit shaped like an avocado with a dusty looking brown skin.  It is best eaten by cutting the fruit in half, removing the pit and using a spoon to scoop out the creamy, sweet orange flesh.

Melloco is a tuber that can be used in soups, stews and salads.  Although it looks like a small, purple speckled potato and tastes much like a potato, the texture is quite different.  It has a slightly slimy feel, much like okra.

The plaza also has a large, indoor fish & seafood market.  Each morning the fresh catch is brought to the market.  As with the produce, not only is the quality wonderful, the prices can’t be beat.  With a just a dollar or two you can buy enough fresh fish to make a large meal for a family of four.  Some varieties to try include corvina, dorado, pargo (snapper) and carita.  Most Ecuaodorians prefer to roast or fry the fish whole, although it is possible to buy it filleted.

Vendors are open until the mid to late afternoon, but the morning is really the best time to visit the plaza and the earlier the better.  Locals begin arriving before 7:00 a.m. to make their daily purchases.  The variety of produce and seafood available can dwindle as the day wears on.

Don’t forget to take loose change and single dollar bills.  Most vendors in the plaza may not have change for $10 or $20 bills.  Amy.

Green Investing Update

We are always looking for new investing opportunities that help the environment. Since our use of plastic  bags and bottles create a huge environmental concern,  I’m passing on an email from a reader.

I have not researched these shares in depth yet but am sending the early idea to you.

Gary, my name is Steven Stark, General Manager for a Eco Friendly company that is a leader in this technology in the US. We are a publicly traded company that has grown very quickly with major accounts such as Walgreens, CVS, A&P, Ace Hardware and etc.

We are selling a number of products that include biodegradable bags, non toxic cleansers and I am responsible for eco respectful batteries made from recycled materials.

Please let me know if you are interested in further conversation regarding our company and product initiatives. We are looking for strong clients in South America and would like to talk to you about
Ecuador.

You can see the company’s website at www.perfgogreen.com

Bay Street Research has issued a report on the company and shares.

The report says: Perf Go Green Holdings, Inc. (“Perf Go Green” or “the Company”) is focused on the global distribution and marketing of oxo-biodegradable† plastic products that are eco-friendly, nontoxic, and compliant with ASTM D6954-04 and food contact standards. During 2008, the Company launched and marketed a total of seven biodegradable plastic products, comprising three varieties of household trash bags, plastic drop cloths, Doggie Duty™ bags, cat pan liners, and commercial trash bags—all of which biodegrade and incorporate recycled plastics. To accelerate the degradation process, Perf Go Green’s plastic products are manufactured using a prodegradant additive. Based on environmental claims made by the manufacturer of the additive, Perf Go Green believes that its products are degradable in a landfill setting within 12 to 24 months, leaving behind no toxic residue. As such, the Company anticipates that its products can offer a practical and viable solution to minimize plastic waste in the global environment. To promote consumer awareness about Perf Go Green and its products, the Company is currently implementing a diverse marketing campaign, including television, radio, national print, and online marketing, as well as search engine optimization and retail store promotions. Perf Go Green has also established a nonprofit foundation, called Go Green 21.0, to foster and promote green education initiatives worldwide. Based on agreements with major national retailers, Perf Go Green has launched products in over 22,000 retail stores to date. Headquartered in New York City, the Company began trading on the Over-the-Counter Bulletin Board (OTC.BB) in May 2008.

Here is a chart of the shares from finance.yahoo.com since they began to trade.

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See the full report from Bay Street Research here.

Gary

This may create a business opportunity for someone interested in marketing these products in Ecuador. Combining good international investing with the greatest asset of all, the ability to earn wherever you live, brings everlasting wealth.  For details contact Steven Stark at sstark@perfgogreen.com

This is why we offer our course Tangled Web… How to Have an Internet Business.

A clear mind and healthy body are also a vital assets… plus a second language is a powerful diversification tool.

This is why I am willing to pay you $300 to attend either our Ecuador Super Thinking plus Spanish seminar in September or our North Carolina International Business & Investing seminar in October.  Sign up for either seminar and I will email you our Tangled Web… How to Have an Internet Business Course (offered at $299) free plus I’ll knock an extra dollar off your seminar fee…. to round up the $300 savings.

See details of the two seminars below.

Here are comments from one seminar delegate about the way we help: Thank you for the help on my Cotacachi trip!  Everything is working out great.  It was a little dicey getting to Atlanta for some reason all of the flights from DFW were full.  But not to worry, I just took a little side trip to Memphis then to Atlanta.  When traveling standby you learn not to stress about the flights and go with the flow.  The driver you arranged was great.  Mauricio has been fantastic and very helpful.  Peggy and Lee have also been great and spent most of the day showing me around.  I really like Cotacachi is has a great energy and the people are very welcoming.  Peggy and Lee invited me to go to the Otavalo market today.  You and Gary picked a wonderful place to live in Ecuador!

Sept. 17-21 Ecuador Super Thinking + Spanish Course

Sept. 23-24 Imbabura Real Estate Tour

Sept. 25-28 Ecuador Coastal Real Estate Tour

Learn more about global investing, how to have an international business and diversification in Ecuador at the seminar.

Oct. 9-11 IBEZ North Carolina with our webmaster  David Cross & Thomas Fischer of JGAM

October 16-18 Ecuador Southern coastal tour (early sign up before Sept. 1, $499 per person).

Oct. 21-24 Ecuador Import Export Tour

Oct. 25-26 Imbabura Real Estate Tour

Nov. 6-8 IBEZ Ecuador Seminar

Nov. 9-10 Imbabura Real Estate Tour

Nov. 11-14 Ecuador Coastal Real Estate Tour

Attend any two Ecuador seminar 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

Funky Global Business Part III


Here is a funky Ecuador real estate business idea.

The last two messages were part of this three part series on thinking outside the box or Funkiness Thought.  If you missed part one or two, see Funky Global Business here.   See Funky Business II here.

Big problems create big opportunity,   One big problem is the rising cost of living in North America. This is why I have been writing about investing in low cost Ecuador real estate for over a decade.

When I started sharing this idea 14 or 15 years ago it was WAY out of the box.

This has been a great idea but now prices have risen in some of Ecuador’s more popular areas.  So we have to work harder to be out of the box in our Ecuador real estate thinking.

I recently posted a Loja Ecuador guide at Ecuador Living as a funky business idea.

Funky is created by thinking outside the box and as more North Americans move to Ecuador, one place they have missed is Loja.

Recently Dario Espinosa placed an advertisement entitled Ecuador Luxury Villa in Loja Ecuador at our site.

His ad offered rentals of the  luxury Villa Serena.  The villa is built around a magnificent courtyard with a fountain and wide corridors.

loja-ecuador-villa-for- rent tags

You can see many similarities in the colonial architecture of Villa Serena and our hotel, Meson de las Flores in Cotacachi.

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Shortly after the ad appeared Dario wrote:

Thanks Gary.  I have received several inquiries as a result of your e-mails.  Looking forward to the article about Loja next week.  I really would love to see more foreigners starting to discover Loja.  It is such a lovely city.  I would love to see them buying old colonial homes and restoring them.  I will be happy to assist them with that for free, just to see the architecture of Loja in good hands and preserved.  That is basically why I am selling Villa Serena.  It has a lot of sentimental value to me because it was my family house, but if I sell it I will use the same money to continue buying old properties and restoring them.  Besides, I really enjoy doing it.  Regards,  Dario

I thought… what a funky idea. fix up old places in Loja!

So I asked Dario to tell us more about Loja Ecuador.  There may be some business potential fixing up property in Ecuador. I know this idea has worked well for Merri and me in Cotacachi where we fixed up our old colonial hotel and Casa Blanca condos.

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Photograph of Loja, Ecuador by Milton Ramirez.

I asked Dario if he would create a Loja Ecuador guide for us.

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Loja at sunset picture at Tripadvisor.

Here is what he shared.

Loja a hidden gem in the south of Ecuador.

The city of Loja is located in the south of Ecuador at 6,200 feet above sea level in the Cuxibamba  valley.

In September 2008,  Travel and Leisure magazine said “The remote village of Loja hidden in a small valley in the high Andes, looks very much like a South American Shangri-la. This is one of the best preserved colonial cities in South America, it remains off the beaten path, unlike Quito and Cuenca.”

This is a fairly accurate description of the lovely city of Loja.  There are approximately 150,000 people living in this wonderful city.  Because of its relative small size, almost everything is within walking distance.

Cars are more a luxury than a real need. Taxis like in most Ecuadorean cities are always available and the rate almost any place around the city is $1 US.  Incredible!

Surrounded by magnificent mountains and two rivers, the city of Loja is considered the Music Capital of Ecuador.  Culture has always been a very important factor in the life of its citizens.  Loja has beautiful churches, museums, two universities, the oldest highs school in Ecuador was founded in Loja. The music conservatory has produced some of the most acclaimed musicians in Ecuador.

On weekends, the city comes alive with live music and dance in its many cafes and bars.

For the last 20 years, Loja has been the pioneer city in Ecuador when it comes to protecting the environment.  Loja’s Municipality has a recycling program that has been copied by other cities in Ecuador and South America. Loja is the cleanest city in Ecuador and it was designated “Ciudad Ecologica” and received international awards for its commitment to environmental protection.

Safety is a major concern for foreigners looking to retire in a foreign country.  Crime rate in Loja is extremely low.  Citizens in Loja feel safe walking around the city day and night.

With more than ten private clinics, and two large hospitals, Loja offers first class medical facilities. Needless to say, medical expenses in Ecuador are extremely affordable.  As an example, an appendectomy and three nights at the best private clinic in Loja in a private room costs $1,100 US. The same procedure and the same accommodations at a medical facility in the United States will be above $12,000 dollars.  Many doctors in the city are educated abroad. Loja’s private clinics offer the latest equipment and technology to treat almost every medical condition.

Moving to Loja and staying in contact with relatives and friends abroad is easy. Loja offers excellent internet and telephone services.  You can also have access to Cable and Satellite TV with a variety of international TV stations.

Loja has plenty of stores with all sorts of merchandise and supplies. Supermarkets are very well stocked with American and European brands. The green markets offer fresh produce at incredibly low prices. You can walk to the markets and buy fresh products every day.  Or if you prefer, you can have your maid do it for you.  Labor is extremely affordable in Loja and most of Ecuador. Having a maid is not a luxury while living in Ecuador. For $200 to $300 a month you can have a person come to your home to cook and clean five or six days a week.

People are friendly and the majority of the young generation of citizens in Loja speak some English. People in Loja feel good about foreigners and are always willing to help when needed.

After all these positive remarks about Loja you must be wondering about real estate prices.

Loja offers a variety of properties for every budget.  There are many new condos and town houses as well as beautiful colonial homes that can be restored.

Prices are very low compared with other cities in Ecuador. As an example, a brand new two bedroom condominium can cost between $40,000 and $60,000 depending on the type of building and how close you are to downtown. A three bedroom apartment could cost between $50 and $80,000. A luxury penthouse apartment with  five bedrooms, 5 ½ baths, two terraces, two parking spaces, a large storage room, two living rooms, dining room, laundry room, kitchen and a bar is offered at $250,000.

Finally, with a fantastic mild weather all year round, there is no need for heat or air conditioning. You will not find one single house with heaters or AC units. It never gets too cold or too hot.  During the day you can wear light shirts and t-shirts and at night a light sweater or a comfortable jacket and you will be fine. Loja enjoys a temperate spring-like climate all year long. Temperatures fluctuate between 16° C (60° F) and 21° C (70° F), with an average daily temperature of 17° C (63° F).

Visit Loja in your next trip to Ecuador and you will fall in love with this magic city and its friendly people.  Dario Espinosa

loja-main-square

Photo of Independence Square also known as San Sebastian in Loja shown at Travelpod.com.

Read an in depth Loja Guide and see how you can receive a 20% discount on villa rentals in Loja Ecuador here.

Gary

Join Merri, me, my webmaster to learn more on developing an internet business and more Feb. 11-14 at our  International Investing & Internet Business seminar, in Mt. Dora.

You can also join our group and travel to Ecuador after the Mt. Dora seminar.

Feb. 15-16   Travel to and visit Quito
Feb  17         Travel to Manta
Feb. 18-19   Coastal Real Estate Tour
Feb. 20        Travel to Cotacachi
Feb. 21-22   Imbabura Real Estate Tour
Feb. 23-24  Quito-Mindo Real Estate Tour
Feb. 26-27  Cuenca Real Estate Tour

Cheap Ecuador air fares make it less expensive to get to Ecuador than ever before… plus there is still time to enjoy great Ecuador tour savings at a discount.

Monthly payments can now be made to attend our Ecuador tours. See below.

Join the International Club and start attending our seminars and tours in February.

Along with cheap Ecuador air fares there are really incredible Ecuador tour savings if you plan to attend six seminars or tours any time in all of 2010.

Our 2010 International Club membership allows you and a guest to attend as many of the 51 courses and tours we’ll sponsor and conduct in 2010  (fees would be $38,452 for all these courses individually).

The 2009 club fee was only $2,999. Because we have added four extra south Ecuador beach tours, the 2010, International Club fee rises from our 2009 enrollment to $3,500 on January 25th 2010.

Enroll in the International Club now at the original fee of $2,999. Save $501.

International Club 2010 monthly payments.

Attend our 52 investment, business, Spanish, real estate and export, courses and tours in 2010 with one small enrollment fee of $2,999.

Because holiday expenses often tighten the winter cash flow, you can enroll with three monthly payments… $1,025 in January… $1,025 in February and $1,025 in March 2010.

International Club 2010 Membership $2,999 Enroll here

International Club Three Monthly Payments of $1,025

Here are the 51 courses and tours you can attend free. Plus there is even one more savings you will see below.

Feb. 11-14   Quantum Wealth Florida -International Investing & Internet Business, Mt. Dora, Fl.

Feb. 15-16   Travel to and visit Quito
Feb  17         Travel to Manta
Feb. 18-19   Coastal Real Estate Tour
Feb. 20        Travel to Cotacachi
Feb. 21-22   Imbabura Real Estate Tour
Feb. 23-24  Quito-Mindo Real Estate Tour
Feb. 26-27  Cuenca Real Estate Tour

Mar. 11-14     Super Thinking + Spanish Course, Mt. Dora, Fl.
Mar. 15-16    Travel to Quito and Andes
Mar. 17-18     Imbabura Real Estate Tour
Mar. 19-20    Cotacachi Shamanic tour
Mar. 22-23    Coastal Real Estate Tour
Mar. 25-26    Cuenca Real Estate Tour
Mar. 28-29   South Coast Real Estate Tour

Apr. 12-15   Ecuador Export Tour ($499 or couple $749)
Apr. 17-18   Imbabura Real Estate Tour ($499 or couple $749)
Apr. 20-21  Coastal Real Estate Tour ($499 or couple $749)
Apr. 23-24  Quito-Mindo Real Estate Tour ($499 or couple $749)
Apr. 26-27  Cuenca Real Estate Tour ($499 or couple $749)

May  13-14     Ecuador Shamanic Minga  ($499 or couple $749)
May  16-17    Imbabura Real Estate Tour  ($499 or couple $749)
May  19-20    Coastal Real Estate Tour ($499 or couple $749)
May  22-23    Quito-Mindo Real Estate Tour  ($499 or couple $749)
May  25-26    Cuenca Real Estate Tour  ($499 or couple $749)
May  28-29    South Coast real Estate Tour ($499 or couple $749)

June 24         Quantum Wealth North Carolina
June 25-27    International Investing and Business North Carolina  ( $749 or couple $999)
June 28-29   Travel to Ecuador and Andes
June 30-Jly 1 Imbabura Real Estate Tour  ($499 or couple $749)
July 3-4          Coastal Real Estate Tour   ($499 or couple $749)
July 6-7          Quito-Mindo Real Estate Tour    ($499 or couple $749)
July 9-10        Cuenca Real Estate Tour   ($499 or couple $749)

Sept.   3-6      Ecuador Export Tour  ($499 or couple $749)
Sept.   8-9      Imbabura Real Estate Tour  ($499 or couple $749)
Sept. 11-12     Coastal Real Estate Tour   ($499 or couple $749)
Sept. 14-15     Cuenca Real Estate Tour    ($499 or couple $749)
Sept. 17-18     Ecuador Shamanic Minga  ($499 or couple $749)
Sept 20-21      South Coast Real Estate tour ($499 or couple $749)

Oct.    7          Quantum Wealth North Carolina
Oct.   8-10     International Investing & Business North Carolina ($749 or couple $999)
Oct.   11-12    Travel to Quito and Andes
Oct.  13-14     Imbabura Real Estate Tour ($499 or couple $749)
Oct.  16-17     Coastal Real Estate Tour ($499 or couple $749)
Oct.  19-20    Quito-Mindo Real Estate Tour ($499 or couple $749)
Oct. 22-23     Cuenca Real Estate Tour ($499 or couple $749)

Nov.    4-7        Super Thinking + Spanish Course Florida ($749 or couple $999)
Nov.    8-9       Travel to Quito and Andes
Nov. 10-11       Imbabura Real Estate Tour ($499 or couple $749)
Nov. 13-14      Coastal Real Estate Tour ($499 or couple $749)
Nov. 16-17      Quito-Mindo Real Estate  ($499 or couple $749)
Nov. 19-20     Cuenca Real Estate Tour ($499 or couple $749)
Nov  22-23      South Coast Real Estate Tour (($499 or couple $749)

Dec.   3-5       Ecuador Shamanic Mingo  ($499 or couple $749)
Dec.   7-8       Imbabura Real Estate Tour ($499 or couple $749)
Dec.  10-11    Coastal Real Estate Tour ($499 or couple $749)
Dec. 13-14     Quito-Mindo Real Estate Tour ($499 or couple $749)
Dec. 16-17      Cuenca Real Estate Tour ($499 or couple $749)

If you join the International Club, the entrance fee for 2010 is $2,999 (until January 2010).  Your attendance fees at all courses will be waived. You and your guest can attend courses worth $40,947.

You can calculate the savings as our schedule of all 2010 courses is shown below.

Arrival dates are always one or two days earlier. Please double check with us before booking flights.

I invite you to be a member of the International Club which allows you and your guest of your choice to attend all of these courses which are valued at $38,452!

International Club 2010 Membership Enroll here

You may well wonder why I would make such an offer and ask why the cost is so low? Let me answer this question frankly and from the heart.

First, it helps us do a better job for you. We feel greatly enriched when we can really help our clients improve their lives. We have learned through years of experience the best way to do this is to meet with you regularly. We can best help you learn how to improve your health and wealth through continual expansion of knowledge.

Second, we gain enormous fulfillment from the many friendships we form through the years. Our friends have enriched our lives tremendously. Let me explain this in more detail.

As a member, you will be part of our international family that meets intensively over the next year to examine ways we can make our lives better. Our goal is beyond just having money. Our goal is to have quantum wealth… good health… wealth and fulfillment through service.

Though I give all course delegates my very best, I cannot help but to do a better job for those who come again and again. As we meet often; your particular wants, needs and desires become clear, and it is easier for me to point you in the right direction.

Another phenomenon is that repeat delegates help each other! They get to know one another, help each other learn, share their insights, make contacts and gain more wealth.

Out associates in Ecuador, are experienced business people who live or work and conduct our real estate and export courses.  They can also act as your local backup for the business.

Lifestyle for Two. There is more! I have learned at my courses that many repeat delegates were couples.

We want couples! As a member of the program, you are entitled to bring another person to every single course or tour. The cost for that extra person will be ZERO!  You can bring whomever you wish. Bring your spouse, a friend, son or daughter, partner, accountant, adviser. You can bring the same person each time or a different person, whomever you choose to accompany you. (Accommodations and air fares relating to the courses are not included for members, delegates or their guests.)

Won’t you join us in this exciting club and share Merri’s and my lifestyle for the next year? We look forward to seeing you at as many courses as possible and sharing this wonderful world of abundance and well being with you!

Gary

International Club 2010 Membership $2,999 Enroll here

International Club Three Monthly Payments of $1,025

Ecuador Iran Excerpt


A number of readers have asked about Ecuador and Iran so here is an excerpt from our latest Ecuador Living report.

Some of the ideas apply to interaction between radicals in all of the Middle East and the West and how they can affect our wealth, business and investing.

The idea that Iran is a great enemy intent on attacking us is great for selling news, but a bad leader or two does not reflect the entire population.  Many of us in the US did not agree with some of the leaders our the last administration.

IF  Iran is to become more involved in the West and that’s a very big IF, I do not see it being any great deal. The only risk Iran poses is if many people give them a lot more concern then they deserve… as certain leaders in the West gave Saddam Hussein.

I do not claim in any way to be a great global military strategist but that thinking has some support from the thinking of other  who I do think are good at strategic global thought such as… Lee Kwan Yew.

I worked and spent a lot of time in Singapore during the late 1960s and early 1970s so I recall vividly the way Singapore used to be.

Lee Kwan Yew had a lot to do with Singapore emerging from a form of colonialism that included a lot of poverty to one of the wealthiest societies in the world.

This means it is fitting to read some of Lee Kwan Yew’s thinking that could apply to Ecuador and Iran now.

Lee Kuan Yew outlines the risks of relying on the local press succinctly in a 2007 interview with  UPI’s editor at large, Arnaud de Borchgrave.

Q: So what is your recommendation about Iran’s nuclear ambitions?

A: Is it now unstoppable. They are a very old civilization. Unlike the Arabs, apart from Mesopotamia valley, they rank with the Chinese, as history’s two principal civilizations worth talking about. And I think the mullahs and others want to go back to the days of empire.

Q: So should we be talking to them at the highest level, the way Henry Kissinger went to China?

A: (Chuckle) But you haven’t got a Kissinger or a Brzezinski to do that anymore. Where is the successor generation of geopoliticians?

Q: In fact, democracies don’t produce great statesmen anymore. Why?

A: You now have, and I don’t know how long this phase will last, mass media domination, owned by a group of media barons who want constant change for their balance sheets.

Q: So the power of mass media has made it impossible for a great statesman or woman to emerge and last any length of time?

A: I’m not sure. It depends on the nature of the crisis that must be faced. When a real crisis sets in, a matter of life and death, opinion formulators realize this is no time to be pontificating, but a time to stay the course with someone who understands what this is all about.   Short of that, the media help put a leader on the pedestal and then start chopping away at the pedestal until he/she falls in disgrace. That’s part of the cycle of constant change. Watch Sarkozy in France. They hoisted him up to prominence and now they’re already attempting to bring him down through his personal life.  Well, yes. But it’s also the enormous pressure of media competition and the giant appetite for advertising revenue, what television program gets what viewership, or eyeballs, or clicks online. Never mind the consequences. If you get the advertising, you win.

Q: When I last interviewed you in May 2001, I asked you what concerned you most about the next 10 years, and you replied, “an Islamist bomb, and mark my words, it will travel.” Four months later, we had Sept. 11. Secondly you said, “China and India’s challenge to the global status quo.” Do you still have the same concerns about the next 10 years?

A: Not quite. The Islamic bomb has traveled already (in Iran). I’m not sure how this will now play out. The U.S., the Europeans, even the Russians, will have to make up their minds whether to allow Iran to go nuclear. The Russians are playing a game, posing as the nice guys with Iran, supplying nuclear fuel, and making it look as if America is causing all this trouble. But if I were Russia today, I would be very worried about Iran acquiring the bomb, because Russia is more at risk than America. The risk Israel runs is another dimension. Russia is at risk because whether it’s the Chechens or Central Asian Muslim states that were former Soviet republics, none are friendly to Moscow. Next time there’s an explosion in Moscow, it may be a suicide bomber who isn’t wearing an explosive belt or jacket, but something a lot bigger. It would certainly be in Russia’s interest to say at some future point to Iran, “this far and no further.” It could also be that Russia no longer knows how to stop it, in which case the Russians will be opening the door to a very dangerous world of nuclear proliferation. You can be quite sure that if and when Iran gets the bomb, the Middle East will go nuclear.

Q: Which raises the question of the United States or Israel bombing Iran’s nuclear facilities.

A: (long silent pause) … I can express no views on that.

Q: As I travel in moderate Muslim states in North Africa, the Middle East and South Asia, I ask heads of state and government how many extremists, or would-be jihadis, they estimate live in their midst, also how many fundamentalists who support openly or secretly the jihadi cause. The answer is usually 1 percent and 10 percent. In a country like Pakistan, that translates to 1.6 million extremists and 16 million supporters. On a global scale, that comes out to roughly 14 million extremists and 140 million sympathizers.

A: Yes, but I do not see them winning, and by that I mean able to impose their extremist system. I can see them inducing fear and insecurity, and causing fear, but they don’t have the technology and the organization to overwhelm any government.

Q: So how do you assess the global threat since Sept. 11? What are we doing that’s right and also that’s wrong?

A: Even if we can’t win, we mustn’t lose or tire. We cannot allow them to believe they have a winning strategy, and that more suicide bombers and WMD will advance their cause and give them a chance to take over.

Q: Did Iraq have anything to do with al-Qaida?

A: Of course not, as became clear in the daily sessions the imprisoned Saddam spent with his Arabic-speaking FBI interrogator over several months before his execution. But U.S. authorities were convinced Saddam was secretly supporting al-Qaida with weapons and training and maybe even WMD. So therefore the imperative became the elimination of Saddam.

A: (Laughs for several seconds) We should learn to live with it for a long time. My fear is Pakistan may well get worse. What is the choice? (President) Musharraf is the only general I know who is totally secular in his approach. But he’s got to maneuver between his extremists who are sympathetic to Taliban and al-Qaida and moderate elements with a Western outlook. We forget that right after Sept. 11 he was given a stark choice by President Bush: either you abandon your support of the Taliban regime in Afghanistan or face the disintegration of Pakistan. There is an interesting study of Pakistan’s Inter-Services Intelligence agency that says 20 percent of the Pakistani army’s officer corps is fundamentalist.

A: There is very little, if anything, the U.S. can do to influence the course of events in Pakistan that wouldn’t make matters worse. Any U.S. interference in Pakistan would result in Pakistan’s four provinces becoming four failed states. And then what happens to Pakistan’s nuclear arsenal? It’s a horrendous festering problem. The Feb. 18 elections may bring a little clarity and hopefully democratic stability to Pakistan, but I am not holding my breath.

Q: So you do feel that NATO’s future is at stake in Afghanistan?

A: No doubt about it. But you should also realize Afghanistan cannot succeed as a democracy. You attempted too much. Let the warlords sort it out in such a way you don’t try to build a new state. The British tried it and failed. Just make clear if they commit aggression again and offer safe haven to Taliban, they will be punished.

Q: If NATO collapsed in the wake of a failed campaign in Afghanistan, would that be a major concern of yours in Singapore?

A: Not immediately, but overall the balance of power would be upset.

Q: In whose favor?

A: China and Russia. They would be faced with a much weakened West in the ongoing global contest. I can also see the danger if America loses heart and says to hell with it all because the Europeans are not helping and the Japanese are blocking this and that, and tokenism from all the others. Let’s not forget that what we’re all enjoying today is the result of Pax Britannica and Pax America over the past 100 years. So don’t give it up.

Q: But in the Gulf, if the U.S. and/or Israel bombed Iran’s nuclear facilities, Iran has formidable asymmetrical retaliatory capabilities?

A: But let me repeat, they cannot conquer you. Hezbollah cannot conquer Lebanon. They can create trouble for the non-Hezbollah Lebanese. So micro actors can cause a lot of trouble for your friends, but they can’t eradicate them.

You can read this entire report as an Ecuador Living subscriber and see why if there were to be a military concern in Latin America it would be over China…not Iran..

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Subscribe to Ecuador Living and learn in an upcoming report about this huge lot and house in Cotacachi for $30,000.

There were two articles readers have recently mentioned.

The first article began, QUITO – Iran will finance two new power plants in Ecuador and extend a 40-million-dollar loan for business development, officials from both countries said Thursday, three months after the first visit by an Ecuadoran president to Tehran.

The second:  Iran, Ecuador Eye Military Ties As U.S. Prepares to Withdraw from Airbase Friday, May 29, 2009, by Patrick Goodenough, (CNSNews.com) – As the United States military prepares to vacate an airbase in Ecuador in the fall, the leftist government responsible for its upcoming departure is looking to Iran as a future military partner.

While I do not feel that nuclear power or expanded military might are good things, I do believe completely in the global economy and in expanding the wealth of all.

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Subscribe to Ecuador Living and see an upcoming report on how to own this organic tomato farm with…

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trout pond.

One can argue about all the numerous conflicts in the world but if we boil it down to the few most important, one of the biggest tensions in today’s society is that there are a few very wealthy people and many, many poor.

For decades my premise for economic expansion has been based in part on the belief that most people, if given a choice, will spend their time doing positive things, like working at something they love for increased material wealth and great fulfillment rather than living a guerilla’s life.  A poor soldier’s living conditions are  generally not pleasant… the pay low… the risk extreme.  That life, however, is better than one of complete hopelessness and despair.

If Ecuador Iran cooperation can help make more poor Ecuadorians and Iranians rise out of poverty… I say…”go for it!”

There are many potential and huge benefits to be gained by bringing Iranian business to the West. Maybe Iran being closer to the West will help it integrate?  Current events in Iran suggest that many of the population would be happy to do so.

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Subscribe to Ecuador Living and learn about these 15 new houses on Cotacachi’s creek.

I have had an opportunity to observe Correa and the people of Ecuador react for a couple of years now.  At times I have been quite close… such as when I took this photo.

Ecuador-photos

Correa is in a strong political situation at this time. One thing that could destroy his popularity quickly would be the perception in this 90% Catholic country that he is introducing Islamic radicalism.  Therefore Correa may line up with Iran for some money… and to gain leverage in his dealings with the West… but a major integration would surprise me very much.   One bombing in an American hotel in Quito or Guayaquil and Correa’s popularity would be toast.

There have been worries about his friendship with Chavez. There are these worries of Correa with Iran. There have been worries about South America pulling away from the US dollar.

Yet so far none of these fears have affected life, happiness, opportunity, real estate values or  law and order in Ecuador.

In short anyone who never heard of or ignored all these fears and moved optimistically forward is better of than those who did not.

Most of the press are writing about the world sliding into recession. Many articles in the Western press make it sound like there’s little opportunity and great danger everywhere.

Good. Their doom and gloom creates positive global investing opportunity for those of us who can see through the illusion.

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Subscribe to Ecuador Living and learn about Primavera V condos.

Regards,

Gary

We hope you’ll join us to learn more business and investing opportunities globally as well as Ecuador.

July 4-8 Ecuador Export Tour

July 8-9 Imbabura Real Estate Tour
July 10-13 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.

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.

Ecuador Export Tour Update


Here is an Ecuador export tour update that continues our thread on ways to earn globally with small international businesses.

Ecuador-export-tours Our Ecuador export tours visit many Ecuador markets… textiles in Cotacachi and weavings in Peguche, leather in Cotacachi… wood carving in San Antonio de Ibarra. Here is our last group arriving in Otavalo.

This update is provided by Maggie Beesley, a former Ecuador export attendee who now exports regularly from Ecuador.  She will conduct the July 4 Ecuador Export Tour:

Hi Everyone!!!

How many of you are packed?  I stay packed.  July 3rd is right around the corner.  Pack smart, bring a larger suitcase than you need, and be prepared to buy another big one ($8) to get all your treasures home.  We are already saving, aren’t we?

Yesterday, my husband and I returned from Puerto Rico and let me tell you about the prices there!  Wow!  Maybe we should all be taking our treasures to Puerto Rico to sell.  I saw so many things we are going to see in Ecuador and were they ever expensive in Puerto Rico!

Now on to our Import/Export adventures.  On one of our days together (July 8) we’ll visit the town of Otavalo and the market there.  This market is the largest indigenous market in all of South America.  The reason we are going on Wednesday is…not as many shoppers and much better prices than on a Saturday.  We like those better prices, don’t we?  While in Puerto Rico I saw a summer cape which I have bought all over Ecuador for $10.00.  In Puerto Rico, also at a market, that same type of cape was $42.00, and it was not near as pretty as the ones we are going to see in Otavalo.  Do you see the profit there?

I also just finished going through my latest Coldwater Creek Catalog, where they are having a 50% off sale and have some gorgeous earrings on sale now for $35.00 to $40.00.  Folks we are going to see much prettier ones for $5.00 and maybe up to $10.00, plus no sales tax or shipping charges.  The same is true for necklaces, scarves, and purses.  Buy that extra bag in Ecuador for $8.00, which I also saw in Puerto Rico for $40.00 to get home in and more and more of the wonderful savings.

Another day we are going to the Village of Peguche, which is the Village of the Weavers.  There are three things we will want to do in Peguche.

First, we will want to visit El Condor where people will be weaving as we watch a weaving exhibition.

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Weaving at El Condor.

If you have never seen anyone weave on a wooden loom, it is fascinating, very complicated, and can take many days to complete a blanket, or a cape.  A lot of work!  How the people sit there and do this craft for hours on end is beyond me, but they do and the weaving is gorgeous.   Did I mention, the weaving is done with their hands for the pattern and the tightness of the weave is controlled with their feet?  No electricity here, just the rhythm ….clickity-clack,  clickity-clack…which is the sound you hear throughout the village.  We’ll also experience how the natural dyes are made including Cochineal, the rich wine color that only the emperors had in ages past.  (A little secret it is made from crushed up cactus bugs!)

Also in Peguche is an artist, Jose Cotacachi, who does wall hangings.  He exports to the United States and is shown in very high end stores at very high end prices.  You too can do this.  His work is breath taking, and the detail, well you will see what I mean. These sell to high in art galleries also.  Very easy to pack, just roll up your purchases and put them in that extra bag you bought.   Jose will ship to the U.S., but it is much cheaper to buy that $8.00 bag and do it yourself.   Jose actually has three different workshops in Peguche, and we will visit them all.

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Jose Cotacachi at his loom.

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He loves his work.

Depending on time, we’ll determine the next thing we do, so I am just keeping it a secret.  I don’t want to rush anyone in this town.  Every time we go to Peguche, people always want to go back.  I hear too many times, “I wish I had bought that, or I didn’t see that one”.  So on this trip, we are going to try and see it all.

We will go to San Antonio de Ibarra, the Wood Carving town. One of the stores in San Antonio does gold leaf on statues…Some of these statues go to very important places in Europe and it can take a year or more to complete one statue.  Also, one small woodcarver studio (dirt floor) hosts those direct from the Louvre in Paris…bringing pics of their treasures to be copied!

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Master Carver Marco Lopez.

Many of the towns in Ecuador are known for a particular craftsmanship. We will be in the heart of the Crafts Trail, just minutes away from the major markets.  Otavalo is the Indigenous Market town, Peguche is the Weaving town, Cotacachi the Leather town and San Antonio is the Wood Carving town. The particular talent… skill of each town is handed down generation to generation, family to family. Should a future generation of young people decide to leave the town and do something completely different the skill could be lost forever.  You know it is going to happen, that is why all the things we see are so precious.

Our first complete day in Cotacachi we are going to meet Roberto the man who grows and exports those wonderful Ecuadorian roses to so many of you in the United States. You have seen the roses in Gary’s emails.  Roberto is going to tell us how to get them, and how to have your own Export business with roses.  (Some past attendees of this course have done quite well selling roses direct from the source.  And, a big thing, Roberto’s roses are all from green plantations…your wedding clients will love this.  We will also be working the entire Leather Street (ArtePiel), which is only a three block stroll from El Meson.  So many stores, both sides of the street, and all just a little bit different.  There is also a small outdoor market we will visit in Cotacachi where I have gotten some great leather items.  This is going to be a “get outside in the sunshine day”, do some walking do some looking, and do some buying.

For all you guys coming along, one of the first stores we will visit is where you get those fabulous leather jackets and coats.  The secret word in this store is…”I know Micky”, or “Micky sent me” which could bring about that extra discount we all want.  I believe Micky will actually be in Cotacachi while we are there so we will all get to meet her and here about her businesses in Florida all from products bought in Ecuador.

To add to your packing list ….things to be sure and bring with you to Ecuador…
Comfortable walking shoes
Sunglasses
Sun protection
Sun hat
and not to be forgotten, your ATM Card!

Do not bring Travelers’ checks, or any checks like that. Do not bring $100 bills (hard to cash).   Cash works, and remember they use our dollar, so there is no converting to another currency!  (This is another great surprise and help…no need to worry about currency fluctuations!)

See you all in July.  Happy traveling!

Maggie

Ecuador-export-tours Our tours show how to earn income globally but are not all business.  Our last group took time to visit Otavalo’s main square and…

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the Otavalo Cathedral where we…

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visited and…

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remembered the riches… plus…

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met a man who reminded us that when we do business globally we do more than just make money for ourselves.

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International trade in native crafts helps enrich everyone.

We hope to share this opportunity with you.

Gary

We hope you’ll join us to learn more business and investing opportunities globally as well as Ecuador.

July 4-8 Ecuador Export Tour

July 8-9 Imbabura Real Estate Tour
July 10-13 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.

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.

Brazil Multi Currency Opportunity


See how my multi currency course subscribers have been able to gain up to 50% in Brazil during 2009.

Many readers at this site know me best as Mr. Ecuador.  However recently some of our subscribers have enjoyed the biggest profits as multi currency investors in Brazil.

Though Merri and I have been investing, living and working in Ecuador for over a dozen years now, our greatest expertise is as multi currency investors as we are in our 41st year.

See below how multi currency investing brought us to Ecuador and how your interest in Ecuador can now bring you a free subscription to our multi currency course as I present a survivors guide to currency and market turmoil.

Those interested in Ecuador do not have to change currencies when they travel here because Ecuador’s currency is the US dollar.

This means they need to learn how to make your money go up as the US dollar and stock markets go up and down…

The US dollar has fallen… badly against major currencies like the yen, euro and Swiss franc for 37 years.  You can see this long term, steady decline of the US dollar in this chart from Grandfather.com.

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One reason for this fall is the growing debt in the USA.

Now this debt is even worse. Here is a picture from USA Today that shows how the US public debt  has just grown 12%.

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Even minor currencies such as the Colombian peso, and Brazilian real have risen steadily versus the US dollar… 25%, 50% since the early 2000s and more.

Until.. in 2008, the greenback suddenly zoomed up… as stock markets collapsed around the world. Now the dollar is falling again.

Sideways motion like this destroys most investors.

Yet there is a way to earn even in these worst times…by learning how to spot value…that turns turmoil and currency shifts into profit.

This is not just a problem for Americans either. The dollar’s downfall affects currencies all over the world and creates global economic turmoil. For the modern economy to operate in its current fashion some reserve currency is required.

Yet what currency would you choose…the Chinese yuan…the euro…gold, oil? Would you trust your life savings to speculate on that?

Of three things we can be sure.

First, The US dollar will fall more…much more.

Second, there will be confusion. Many…in fact most uninformed investors will lose…a lot.

Third there will be inflation…worldwide due to the excessive spending in the current global financial bailout.

Smart investors who know how to spot value in multi currency portfolios at some of the world’s safest banks have already earned 57%…120% …263% so even with the doom and gloom, they are still ahead.

More important these same investors have learned how to survive through turmoil.

My name is Gary Scott. I have been writing and publishing information about the falling greenback and how to earn from it though international investing for over forty years (since May 1968 to be exact).

Fortunately I stumbled across multi currency investing at an early stage and wrote a book about this clear back in the 1970s when the US dollar was first beginning to erode.

Since that time my books and reports have helped hundreds of thousands of investors find hot areas of value in every decade.

In the 1970s we helped our readers  find investments in gold & silver as well as investments  in the currencies of Japan, Germany, Switzerland, England, Australia and Hong Kong.

In the 1980s, the Tigers, Taiwan, Singapore Malaysia and South Korea, & Turkey were the places where our readers gained value.

The 1990s saw South America (which led me to Ecuador) as the place to invest.

The early 2000s offered great value in China, India and Eastern Europe.

We have helped readers find good value real estate throughout this time, first in Hong Kong, then London, Switzerland,  Isle of Man, Dominican Republic and now Ecuador as well as in Small Town USA.

We have also helped readers bet against the US dollar throughout these decades which as the chart above shows has worked well.

Finally in the early 200os we began helping readers find good value green investments.

I would like to offer you a valuable real time emailed course that teaches how to invest in multi currency portfolios plus how to sometimes use leverage in these portfolios to create extra profits.

Sleepy Safe Portfolios Can Earn Over 100% Per Year

Multi currency investing does not require any fast trading techniques.  Multi currency portfolios are normally slow and sleepy investments…not currency contracts or futures speculations.  Most multi currency positions are aimed with a five year horizon…pretty sleepy compared to people who trade currencies (an entirely different and far riskier technique).  For most of us, slow and sleepy means SAFE!

Yet multi currency portfolios can be really profitable as well.

How sleepy and how safe?

Let’s look first at sleepy.

In 2006 we created an Asian multi currency portfolio consisting of just five award winning mutual funds.

We did not touch the entire portfolio for an entire year. Then after one year we made just five changes…dropping two mutual funds and adding three other mutual funds. Then we did not make another single change. That’s pretty sleepy, choosing a handful of mutual funds and making only five changes in two years.

How safe?

The portfolio was chosen with the help of one of the world’s safest banks and the mutual funds were held at that bank at all times.

Okay. Here is the big question. How profitable?

In the first year (2006) this portfolio rose 114.16%. Then we made the five changes mentioned (two funds dropped and three added). In 2007 this portfolio rose 122.62%. 2008 was a disaster year which we will look at in a moment.  But when your portfolio is over 200% in two years, it takes a lot of disaster to lose.

Suppose we get more specific.

That safe bank is a Danish bank. That’s good because in recent years Denmark has been rated by Standard & Poor’s as one of the safest country in the world in which to bank

The bank is Jyske Bank…well established with a history of over 100 years. Jyske is Denmark ’s second largest bank, with 450,000 clients in Denmark and over 30,000 abroad.

Jyske Bank has over 23 billion euros in assets and also happens to be one of the leading currency traders in the world. The Danes have always been big currency traders because as a small naval country surrounded by England, Sweden, Finland, Russia, Germany, Norway and other countries…they have always had to deal in many currencies.

This historically gained expertise means that unlike most banks (that trade only eight hours a day) Jyske maintains a 24 hour global currency and commodity dealer service. Many other large banks use Jyske to handle their off hour currency positions. This means that Jyske is huge when it comes to multi currency activity. In fact their turnover reaches $50 billion dollars a day.

Let’s address this issue of safety in more detail. Normally this is a pretty moot point. Right now everyone is concerned. Is a bank safe or not? I like Jyske from a bank safety point of view because there are three bank safety points, from the top down.

Bank Safety Point #1: A recent Yahoo Canada article shows a survey by the World Economic Forum listed five safest countries in which to bank.

Canada
Sweden
Luxembourg
Australia
Denmark

So Denmark is a safe place to bank. Now let’s look at Jyske Bank’s safety rating.

Bank Safety Point #2: Jyske Bank is Denmark’s second largest bank.
On October 10 2008, Moody’s affirmed Jyske Bank’s long-term Aa2 rating stable rating. This decision came despite the deteriorated economic prospects in Denmark, particularly in respect of the property market.

Bank Safety Point #3: Also on Friday 10 October 2008, the Danish Parliament passed a bill that secured all deposits and unsecured claims against losses in Danish financial institutions.
The rating of the Kingdom of Denmark is Aaa/AAA with Moody’s and Standard & Poor’s respectively.

That’s safe!

I happen to know Jyske Bank because I began using them (as my bank) over 20 years ago. They are one of the few banks that offers a special multi currency portfolio service for investors from almost anywhere in the world.

I was one of the first writers and publishers to begin writing about multi currency investing. Jyske bank was one of the first banks to offer a multi currency portfolio service…and they were my bank.

Not surprising we got together and have created a strategic alliance that can help you learn how to create multi currency portfolios that suit you.

My multi currency course helps readers learn how to find good value and develop multi currency portfolios that suit their specific circumstances.

Before I explain how you can use this course, let’s look at both the up and down side of these high performing portfolios?

The course provides two levels of education. Part one gives readers an extensive beginner’s guide to developing multi currency portfolios.

Part two is unusual and neat.  Part two educates in real time. We create multi currency portfolios and track them real time.  The education comes from dissecting and discussing the portfolio results.  This is a totally novel way to learn…real time from real portfolios created by some of the best investment managers in the world as these portfolios rise or fall in the market place…in the here and now.

Jyske Bank assists by providing all the portfolio details.   Our symbiotic relationship allows me to combine my experience with this bank’s incredible knowledge, real time capability and expertise so course subscribers can learn in a most practical way from some of the greatest multi currency experts in the world.

Here is our educational performance over the past few years.

We created five portfolios for educational purposes on November 1, 2005. One of the five multi currency portfolios was the Asian Emerging Multi Currency Portfolio. The portfolio started with a $100,000 investment and a $200,000 loan in Japanese yen (more on the loans in a moment).

This gave us $300,000 to invest in this portfolio.

Amount

Currency

Investment

75,000

Rupee

Jyske Invest Indian Equity Mutual Fund

75,000

Yuan

Jyske Invest Chinese Equity Mutual Fund

75,000

Yen

Jyske Invest Japanese Equity Mutual Fund

75,000

Multiple

Jyske Invest Emerging Market Bond Fund

Investments Total Value 300,000.00

Invested $100,000

Loan $200,000 100.00% JPY at 1.63%

Loan cost for one year $3,260.

This portfolio diversified into bonds and equities throughout Asia ..very multi currency.

Chinese yuan, Indian rupee, Japanese yen and more.

Twelve months later the portfolio was worth $417,420. Paying off the loan cost $203,260 leaving $214,160 or $114,160 (114.16% profit) on the $100,000 originally invested.

On November 1, 2006 we made the five changes mentioned above. We dropped the Japanese equities and emerging market bond mutual funds and added an Eastern European, Far Eastern and Turkey equity mutual funds. This is how the rearranged portfolio stood.

Amount

Currency

Investment

75,000

Rupee

Jyske Invest Indian Equity Mutual Fund

75,000

Yuan

Jyske Invest Chinese Equity Mutual Fund

75,000

EUR

Jyske Invest Eastern European Equities

50,000

Asian

Jyske Invest Far Eastern Equities

25,000

Lira

Jyske Invest Turkish Equities

Investments Total Value 300,000.00

Invested $100,000

Loan $200,000 100.00% Czech Koruna at 3.875%

Loan cost for one year $7,750.

As promised this portfolio only had five changes. We swapped the Japanese equity fund for a Eastern European equity fund and dropped the bond fund replacing it with a Far Eastern and Turkey equity fund.

May I, at this point, interject a note about Jyske Invest fund managers. They are a Danish firm and are the investment management affiliate of Jyske Bank. This rock solid organization uses a good value system have been rated #1 by Morningstar. They use this value system to select shares in their mutual funds and we place these funds in our multi currency portfolios because they are strictly regulated by the Danish government and have such an excellent record…because they focus on finding value, not market timing.

So how did this new updated portfolio do? From November 1, 2006 to October 31, 2007 the fund rose in value from $300,000 to $430,370. The loan payoff of $207,750 leaves a profit of $222,620 or a rise of 122.62%.

There you have it, a safe sleepy portfolio created at and held in one of the world’s safest banks. With only three trades in two years the performance has been up 114.16% in year one and up 122.62% in year two.

I am sure that when looking at performance like that you are thinking “how did the other portfolios do?” Good question and your suspicions are correct…some of the other portfolios did not rise this much.

Yet believe it or not some portfolios did even better.

For example the 2007 Green Portfolio consisted of six shares and rose 266.30%!

Here is the exact performance of all five portfolios for the last two years.

2006 Portfolio

US Dollar Long

9.04%

US Dollar Short

10.43%

US Dollar Hedge

11.46%

Emerging Market

42.93%

Asia Emerging Market

114.16%

2007 Portfolios

Dollar Neutral

38.67%

Dollar Short

48.19%

Swiss Samba

53.32%

Asia Emerging Market

122.62%

Green

266.30%

You can imagine with performance like this attracted quite a bit of attention…and it did.  However these high returns are not the important benefit you gain with our multi currency course.

Our course does not recommend nor manage portfolios.  We did not suggest that any single reader invest in any of these portfolios. The portfolios are educational and designed to help readers work with their own investment manager to create their own multi currency portfolio that suits their own special, individual needs.

Our multi currency investment course helps readers learn how to manage their manager… nothing more.

Yet this is incredibly valuable because Jyske Bank can provide a stable and safe institution for those who wish to employ a multi currency strategy.

The course helps guide readers so they can direct any investment adviser or investment manager who understands how to invest in more than one currency.

The course also helps you manage risk. The incredible portfolio performance above was achieved because the portfolios were leveraged using a tactic we call a multi currency sandwich. Investors borrow low and invest in yielding or growth portfolios. The portfolios used loans in Japanese yen and Swiss francs to magnify profits in good times.

The course teaches how these loans can magnify losses in bad times as well.

For example look at the performance of the leveraged portfolios we created to study from November 2007 through September 2008.

2008 Portfolios

Infrastructure Portfolio

-112%

Blue Chip Portfolio

-79%

Danish Health Portfolio

-92%

Asia Emerging Market

-73%

Green

-56%

Leverage in 2008 caused the portfolios to lose badly…in one instance the total portfolio was lost!

The multi currency course is useful because it helps investors not to expect rising markets all the time.

The power of studying markets real time, as they unfold, wards off false expectations.

The course helps subscribers learn how to look ahead and act rather that react (after the fact when it is too late).

The sad fact is…we all have to become multi currency investors.  Trusting your fate to any one currency now can destroy your purchasing power.    Every investor needs to know what to do!

The course helps spot when to leverage good times and when to retract for the bad.  he idea is to cash in when the going is good and then withdraw.

For example in early August 2007…well before the market crash….our study of the market began to show increased risk.  Our first warning lesson said:  “We have enjoyed two years of enormous growth.  Periods of high growth are normally followed by periods of low growth.”

August 17, 2007 a lesson said: “The numbers are close enough that we could be entering the fourth sub cycle down (similar to 1976 to 1978). If so expect a sustained drop in markets for two to three years.”

On September 21, 2007, a lesson said: “equity markets dropped again violently last month. Now these markets have recovered again. Yet this may be a last gasp party.”

An October 14, 2007 lesson stated:  “We never know for sure when an upwards cycle will stall. Fundamentals look good for a bright 2008 in emerging and equity markets, but this can change quickly so to give our readers a better perspective, this year we are reducing leverage and adding a sixth portfolio with no leverage to study”.

The October 15, 2007 lesson reviewed how leveraged investments rise and fell faster than investments without leverage.

The lesson on Oct 26, 2007  saved many investors as it was entitled Leveraged Investments Gone.  Just before markets started to head south this lesson warned: “I have had only about 10% of my portfolio leveraged. Compare this to 200% for the Green Portfolio (which is up 265% this year). Now I have none.

So a lot of my portfolio investments are basically in a multi currency portfolio of bonds…mostly in pounds, Swedish and Danish kroner. The equities I hold are mainly in Europe and I do not leverage equities…especially after markets have risen so much. Periods of high returns are normally followed by periods of low returns. These facts, plus my belief that numerous economic woes are rising and my recollection of Oct 1987 leave me wanting to reduce risk in my equity portfolio. So now I have eliminated all my leverage.”

The next lesson warned again: “Okay it’s time to turn the burner down.”

A November 8, 2007 Black Friday lesson reviewed  all the warnings above again and more.

The course also helps readers find ways to spot unusual distortions that profit even in bad times.

For example  lessons  on April 18 and April 27 2009 looked at the benefit of investing in Brazilian currency bonds.

This lesson led to a quick profit.

Here is an excerpt from our June 12, 2009 lesson:

Based on these ideas and those presented in the April 18 and April 27 lessons we looked at why Brazilian bonds made good sense in the LONG TERM.

Sometimes we get lucky though in the short term… as we have now.

Brazilian bonds have made a sudden jump up!   Those who have invested in them have made as much as 50% (in US dollar terms) this year.

Yet the distortion we’ll review below shows how there is even more dollar denominated profit potential ahead.

Last week the Brazilian central bank lowered key interest rates to 9.25%.  This will likely send the price of  Brazilian real denominated bonds up.

The central bank has stated that there could be more rate cuts, but they will be smaller.

This is positive news plus Brazilian inflation has declined to 5.2% from 5.53% in April 2009.

When you take into account the high interest of the real, the rise in value of bonds and the rise of the real you can see the potential.

Brazilian real bonds have risen nearly 30% since the beginning of the year…  in terms of Euro!

This is where there is another huge distortion.  The real has not risen anywhere near this much versus the dollar.

The charts from finance.yahoo.com below show the distortion.

In the last three months the US dollar has dropped from $1 = 2.30 BRL to $1 = $1.97 (- 14.3%) versus the Brazilian real as this chart shows.

brazil-distortion

In the last three months the euro has dropped from 1 euro = 3.05BRL to 1 euro = 2.60 BRL (-13.5%).   This correlation of the euro and dollar would seem normal except…

brazil-distortion

as the chart below shows, the euro has risen from $1 euro = $1.28 to 1 euro =$1.40 a 9.27% rise versus the US dollar.

brazil-distortion

In addition the Brazilian central bank has had to intervene several times in recent months to avoid the Brazilian real being too strong against the euro.

Traditionally the real has had a strong correlation with the dollar but the recent weakening of the buck versus the dollar has not spilled over into the Brazilian real.

In other words. The real is up against the euro almost 10% more than against the dollar.  This is called a cross rate distortion and means that one of two things is likely to happen.  The dollar will rise versus the euro or  the dollar will fall versus the Brazilian real.

Given the fundamental US fiscal weaknesses that could push the dollar down, I am bullish on the real rising more versus the dollar and this makes me bullish about Brazilian real denominated bonds.

Always remember the basic rule though is to never speculate more than you can afford to lose.   A US dollar – Brazilian real sandwich is worth discussing with your portfolio manager or adviser now but could creates losses as well as profits.

I have not leveraged my Brazilian bond investment. Based on this data I instructed JGAM to increase me Brazilian bond holdings.

If you are using Jyske Bank, and are a non US citizen or resident, or a US citizen living abroad, you can simply have the bank purchase Brazilian bonds and lend you the funds (within the bank’s loan to asset restrictions).   Non US citizens contact Rene Mathys for more details at mathys@jbpb.dk

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

If you are a US citizen resident in the US and have an advisory account with JGAM, they may not be able to buy Brazilian bonds for you.  They could  buy the US traded ETF “The WisdomTree Dreyfus Brazilian Real Fund.” (BZF)

These three lessons (April and June 2009) helped many readers cash in on an unusual value!

I would like to invite you to enroll in our multi currency investment course and to also receive a nine lesson report that covers basics and fundamentals of  multi currency investing.

This nine lesson report has been read by tens of thousands of investors over the years.   This report sells on its own as a survivor’s hand guide to currency turmoil for $79.  I’ll email it to you free when you enroll in our online course.

The course is emailed to you regularly and studies stock, bond and currency markets worldwide, real time, as they unfold.

I believe, from the response of tens of thousands of readers over the last 20 years, that you will gain enormously from the course.

Our course helps you learn  why and where to invest and learn why and how currencies and interest rates rise and or fall.

The initial nine lesson report I’ll email you free also shows how to calculate and manage leveraged risk and how to decide if and when to leverage or not.

Is this course for you?

Everyone needs to know how to have multi currency diversification. But in case this course does not help you, we provide a 30 day “completely satisfied or your money back” guarantee that we have offered our hundreds of thousands of readers for more than 20 years.

Our Multi Currency Educational Service is a mere $175 for a very long and educational year! Won’t you share this exciting world of wealth accumulation with us and our readers around the world? Multi Currency Educational Service

Gary Scott

Multi Currency Portfolios Course. Subscribe

Or enjoy this multi currency course for a year free!  Here is how you can save $175.

We enhance our emailed courses with regular international investing and business seminars that I conduct in coordination with Jyske Bank and Jyske Global Asset Management.

Here I am at our last seminar in Naples Florida (may 2009).

multi-currency-debt

The speakers at the Naples seminar discussed prospects for the economic future.  Left to right: Samuel Rachlin,  Rich Checkan, Steve Blumenthal, Joe Cox, John Mauldin, Gary Scott, Lars Stouge. Thomas Fischer Moderating.

The 115 delegates reported that they really gained from listening to what we had to say and…

brazilian-bond-distortion

talking among themselves during the coffee brakes and at meals.

brazilian-bond-distortion

One benefit of these seminars is talking to an overseas banker.  Here I am at the Naples  seminar  with my Jyske account executive Anders Nielsen.

brazilian-bond-distortion

Thomas Fischer of Jyske Global Asset Management will join us for the July North Carolina seminar.

I invite you to attend this July course. If you enroll between now and July 1st, I’ll also enroll you in  our emailed multi currency course free. You save $175.

Enroll in our July 24-26 International Investing and Business Made EZ course here

Here is Thomas speaking to our delegates at a previous course.

brazilian-bond-distortion

Enroll in our emailed Multi Currency Portfolios Course for $175  here.  Subscribe

Save $175!  Receive the emailed course free when you Enroll in our July 24-26 International Investing and Business Made EZ course here

Here is what a few others from around the world have said about our services and reports on international investing.

“ Gary , I am a long time subscriber in various media, and while cleaning out my files today I found some old ‘Gary A. Scotts World Reports’. In particular, the April 1988 issue provided the info that made me over a million dollars. Just wanted to say a belated ‘thank you’ and please continue the excellent work. Warm regards,”

From an Unknown Reader

“Dear Gary, I would like to give thanks to you for introducing me to Jyske Bank two years ago.

“I have been a long-time client of Merrill Lynch, but am in the process of re-evaluating my relationship with the largest brokerage company in the world. My problem is that when I compare Merrill to Jyske, Jyske outshines Merrill (or other major U.S. brokerage firms) in most categories as follows:

“1) Even though Jyske is much smaller, it has a much more global perspective which is critical in an evermore global investment environment.

“2) In order to maximize their own individual revenue, the brokers at Merrill prefer to outsource the day-to-day management of their accounts to various fund managers and hence, ‘manage the managers’. In contrast, I can call my Account Manager at Jyske and he can discuss every aspect of my account in detail with me.

“3) I attribute this difference in #2 to the fact that Jyske’s employees are not compensation driven, but instead are focused on satisfying their customers. That is why Jyske’s clients stay with the Bank on average for 12 years, which is phenomenal by Wall Street standards.

“4) Jyske’s security is far more stringent than that of Merrill’s. In addition to the standard account code and password, to pass through Jyske’s security one has to enter a Key Card number and also a randomly-generated 4-digit number from said Key Card.

“5) Having an account offshore allows me to sleep better given the anxious times we live in. Since I report the existence of the account and pay all taxes due, I am fully compliant with the law. However, such an account gives me and my family a ‘financial life boat’ should events in our own country ever get out of hand.

“As Dorothy Parker once said, ‘You can lead a horse to water, but you can’t make them THINK’. Jyske is a thinking person’s bank. My only complaint is the time zone difference since I live in California . However, since I am an early riser and my Account Manager is very responsive to my emails, this problem is very small relative to the HUGE benefits.

“Again, many thanks for introducing me to Jyske Bank. Given the ‘dumbing down’ that occurs in the popular media today, your ezine and its recommendations are ever more important. Please continue your good work to enlighten your readership.

“Warm regards,”

C.M. CALIFORNIA Businessman

“I was so overwhelmed with information I received I had to spend several days reading, sorting and filing it! I have decided to move my modest investment capital overseas.”

B.W. MONTREAL CANADA Professor

“Send me your report on safe banks lending at 7% for redeposit at 13% or more.” B.V. ADDIS ABADA ETHIOPIA Economic Commission United Nations

“A number of new and significant contacts were made. It would be extremely helpful if you could supply us with WORLD REPORTS.” I.M. TORONTO , CANADA Banker

“You are as good as your word which is rare these days. I look forward to attending one of your seminars.” C.K. GENEVA , SWITZERLAND Banker

“In spite of my marketing experience, your information really got me going!” M. C. LONDON, ENGLAND Marketing Consultant

“Thanks for the three reports. They are very interesting and should find many readers here in Japan .” M.A. Tokyo , JAPAN Computer Programmer

“I would like to say how much I enjoyed the information I received.” A.B. Providenciales TURKS & CAICOS Accountant

“First let me say how much we enjoyed the investment seminar.” W.J. SAUDI ARABIA Oil Engineer

“Once again thanks for all the great information.” G.K. PERTH , AUSTRALIA Insurance Executive

“Your letter of November 8th warned me to beware of the market just a week before the 120 point crash on November 15th!” T.G. N. CAROLINA Pilot”

Won’t you join us as we learn from our Multi Currency Educational Service? Just a mere $175 for a full 12 months of valuable, wealth building education.

Enroll in our emailed Multi Currency Portfolios Course for $175  here.  Subscribe

Save $175!  Receive the emailed course free when you Enroll in our July 24-26 International Investing and Business Made EZ course here

Ecuador Lake Property for Sale


Ecuador Lake property offers opportunity.

Yesterday’s message looked at Ecuador & Water and some Ecuador lakes.

One of the great aspects of Ecuador is its Andean lakes.

One of the nicest lakes in Ecuador is Lake San Pablo near Otavalo and Cotacachi.

Ecuador-Lake-Property

San Pablo Lake.  San Pablo Lake has always been a source of these reeds which are made into reed sleeping mats.

Otavalo is two hours north of Quito and is perhaps the most prosperous area outside of Ecuador’s big cities.

Otavalo is an Indigenous city on the Pan-American Highway and this town sits on San Pablo Lake… about 15 minutes from our hotel Meson de las Flores.

Views of …

Ecuador-Lake-Property

San Pablo Lake which is…

Ecuador-Lake-Property

1,400 acres of surface and reaches 210 feet in depth.

This region is cradled between two volcanoes — Imbabura (15,026 feet) and Cotacachi (16,292 feet) and in Indigenous terms is one of the most sacred areas in the Andes.

This area enjoys a perennial springlike climate, with daytime highs in the low 70’s and nighttime lows in the 40’s. Flowers bloom year-round and farms get two or three crops a year.

There are two dry seasons, June through September and about a month at Christmas.  The two wet seasons however are not really all that wet.  Even in this wet season, weeks can go by without rain.

Otavalo market is the largest indigenous market in South America featuring… wool, cotton  and alpaca scarves and sweaters, homespun cotton pants, blankets and almost anything else that can be made on a loom was for sale, as well as simple wooden toys and handmade stuffed animals.

San Pablo lake is one of the largest in the area and is  less than two miles southeast of Otavalo.   Mt Imbabura rises from the San Pablo Lake on the opposite side of Otavalo in a succession of steeply pitched farm fields, topped by rocky slopes that disappear into the clouds.

Ecuador-Lake-Property

View from San Pablo Lake property for sale.

The Lake runoff forms the Peguche River which flows a short distance until it feeds Peguche Waterfall. This waterfall is considered sacred in pre-Inca times and used today for infant baptism. This then flows through a park eucalyptus grove into the  weavers’ village of Peguche.  The falls are  still celebrated at the beginning of “Inti Raymi”, (sun festival) when thousands of people visit them to take the “Baño Sagrado” or sacred bath as part of a purification ceremony.

Merri and I have been conducting real estate tours in this area for a decade and rarely do we find properties on San Pablo Lake for sale so I was delighted when this request for advertisement came through.

“Dear Gary,  My name is Patricia Portilla Boling, I read your emails with great interest as I am originally from Quito, Ecuador, but have lived in the US,  since my father accepted a job with the World Bank in Washington DC.   Though we have been in the US for a long time, we kept few properties in Ecuador. One of them is on San Pablo Lake, Otavalo. This is water front property and is very beautiful.    We are interested in selling this property and ask if it is possible to adevrtise this property with you.   I hope that this finds you and your family doing well that I hear back from you in this regard.

Here are the details of this lakefront property for sale.

22,000 square meters (about 5.43 ares) with house. The land can be used for business, home, or a lake house.

Located 58 miles from the Capital, Quito which is 4 hrs. by plane from Miami, Florida.

There is fishing, hunting, boating, sightseeing, camping and hiking in the area.

THE PROPERTY HAS A COMPLETE INFRASTRUCTURE

The house is fully furnished and was built in the 1970’s  with 2,895 square feet construction in 4 bedrooms, 2.5 baths, 2 living rooms, 2 dining rooms, kitchen/nook area, game room, porch and balcony. The  care taker quarters are attached, plus a garage (for boats and car). The land includes 900 plus feet of lake front.

Ecuador-Lake-Property

2,895 square foot house on 5.43 acres on San Pablo Lake, Otavalo for sale.

TREES:  Fruit, pine, eucalyptus and palms.

Ecuador-Lake-Property

B-B-Q  on San Pablo Lake property for sale .

Bordering neighbors:  YACHT CLUB and Imbabura Mountain.

NEGOTIABLE  Could be included:  3 boats and all furniture.

CLOSE BY ATTRACTIONS: Otavalo City, Indian handcrafts’ markets; Yaguarcocha Lake (Car Racing Track); Cuicocha Lake, located inside a volcano; City of San Antonio: Wood Crafts; City of Cotacachi: Leather Crafts.

The asking price is $250,000

CONTACT:

Mrs. Monica Arcos
Orlando, Florida
Telephone: 407-328-4777   (leave message)  or

e-mail: pportb@hotmail.com

or

MonkeyArcos@Gmail.com

Gary

See Ecuador lake property on our upcoming Ecuador real estate tours.

June 12-14 Shamanic Mingo Tour

June 16-17 Imbabura Real Estate Tour

June 18-21 Ecuador Coastal Real Estate Tour

July 4-8  Ecuador Export Tour

July 8-9 Imbabura Real Estate Tour

July 10-13 Ecuador Coastal Real Estate Tour

July 24-26 IBEZ North Carolina

Sept. 17-21 Ecuador Spanish Course

Sept. 23-24 Imbabura Real Estate Tour

Sept. 25-28 Ecuador Coastal Real Estate Tour

Oct. 9-11 IBEZ North Carolina

Oct. 21-24 Ecuador Import Export Expedition

Nov. 6-8 IBEZ Ecuador

Nov. 9-10 Imbabura Real Estate Tour

Nov. 11-14 Ecuador Coastal Real Estate Tour

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

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