Ecuador Currency Opportunity Quote
A Dow Jones article was sent to me by another astute reader that makes sense.
The article says: “Ecuadorian President Rafael Correa on Thursday proposed the creation of a South American multilateral lending fund, which would be the first step in creating a regional currency. ‘The integration of South America should be political, commercial and monetary,’ Correa said during a meeting with finance ministers from Argentina, Bolivia, Brazil, Ecuador, Uruguay and Venezuela. ‘The countries with low competitiveness now are like paper boats in the world of globalization, this way the fund should be the precursor of a South American currency.’ The ministers met in Quito to discuss the proposal of creating the Bank of the South. The bank is a proposal of Venezuelan President Hugo Chavez and would replace financing from multilaterals such as the International Monetary Fund and the World Bank. According to preliminary estimates, the bank could start with $800 million to $1 billion. A so-called Fund of the South would manage the reserves of South American countries “instead of having these resources funding the First World,” Correa said. The fund would provide the reserves for a single monetary unit. Correa said Ecuador alone has $2 billion in reserves invested in Florida. The Fund of the South would promote regional stabilization and lend money under ‘adequate interest rates,’ or lower than those rates charged by the IMF and the World Bank, he said. Both the fund and the bank are a strategy to stop the ‘financial logic’ of the IMF and the World Bank, Correa said. These multilaterals haven’t been able to handle their dual roles as agents against poverty and representatives of big international creditors, he said.”
For years I predicted that the world would divide into three currency realms, the euro in Europe and Africa, the US dollar in North and South America and the yen in Asia . Now instead I see an Ecuador currency opportunity.
Now I am not so sure. Both Japan and the US have so indebted themselves so greatly that their currencies may be passed by as regional bastions.
A South American Currency, (the SAC) would have been an almost unthinkable change to me not long ago, but now my guess is that the southern continent just might pull it off. If they can, there is great potential that the SAC (South American Currency) will rise against the dollar as did the euro.
Even if it does not, dollar investors in Ecuador will profit as a falling SAC makes living less expensive to dollar earners.
This is a win – win scenario for those who invest in Ecuador currency opportunity and real estate.
First, concerns about the impact of a new SAC (and whether it will be created or not) will create turmoil and keep prices down a bit. If the SAC is created and rises versus the greenback, property profits will be made. If the SAC falls, the cost of living will drop in US dollar terms and make the real estate more attractive for North American buyers.
Latin America should no longer be shirked. One of the portfolios we developed and track with Jyske Bank is the Swiss Samba Portfolio. The portfolio invests in Latin equities and bonds and is leveraged with a low cost Swiss franc loan. As you can see the performance since we began tracking the Swiss Samba Portfolio in November 2006 is impressive.
|Portfolios 2007||Dec 29||Jan 30||Feb 26||Mar 27||Apr 30|
|Swiss Samba Latin Emerging Shares & Bonds||8.10%||10.18%||20.49%||16.15%||26.60%|
You can learn why this performance has taken place in a sixteen page email report about how 13 economic forces now clash to shape investments markets ahead that show the rewards and the risks. The report also outlines the five new Multi-Currency Portfolios we are tracking in our Borrow Low-Deposit High Multi-Currency Sandwich Educational Service. Details are at International Investments Course with Multi Currency Investments and Portfolios
At our upcoming IBEZ we will update our latest multi currency portfolios and much more. Join us at the International Business and Investing Course. Thomas Fischer joins me to update global economics there.
Recently our chef traveled to Quito with his kids to hear Correa speak and snapped this picture of Correa with a group of students. There has been a lot of negative press about Correa in the US which is keeping costs down. This provides enormous opportunity if Correa turns out to be a good president, even more if he turns out to be a strong regional leader.
Double Investment Opportunity in Europe
Until next message, good investing.
If you plan to join us at six or more seminars and tours in Ecuador, Florida or North Carolina in 2010 you can save as an International Club member
See details about each of our seminar and tours below… then see our December special that allows you to attend as many of these courses you like at a huge savings.
For Ecuador Export
For Quito & Mindo
You gain discounts by attending multiple seminars and tours.
Here are our multi tour adventure discounts.
But our 2009 International Club membership which allows you and a guest to attend as many of the 56 courses and tours we’ll sponsor and conduct in 2010 (fees would be $40,947 for all these courses individually) is only $2,999.
The International club fee rises to $3,500 in January 2010. Enroll in the International Club now at the original fee of $2,999. Save $501.
International Club 2010
Attend our 56 investment, business, Spanish, real estate and export, courses and tours in 2010 with one small enrollment fee.
International Club 2010 Membership Enroll here
Here are the 56 courses and tours you can attend free. Plus there is even one more savings you will see below.
Join us in February or March.
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-Jy 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 $40,947!
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!
International Club 2010 Membership Enroll here