December 18, Q & A

by | Dec 18, 2010 | Archives

Saturday Questions and Answers.


See below how changes in green investments can affect our wealth and well being.

#1: Question Jyske lawsuit.

#2: Question Multi currency investing with minimal amounts.

#3: Comments on quackery.

#4: Rats in Ecuador.

#5: Comments on natural resource polarity and something to do about it as an investor.

#6:Comments on Terror and Love.

#7: Comments on New FM (Frequency Modulation) Teacher training.

Question #1:  Re Jyske class action suit. Hi Gary, I noticed this article in FIN Aternatives . I was thinking to invest with  these guys, especially as you are so enthusiastic about them.  It does not bode well that Jyske Bank as been sued (successfully) 43 times by investors…do you have a comment? Thank you,

My comments: I do not know the details but am asking Jyske for more insights.We have only had good luck with Jyske and have known the top people for decades. They have also treated our readers with integrity as far as I know.  We get few complaints and do see quite a few positive comments though due to the increased diligence forced on all banks we see more unhappy clients with banks everywhere.
One thing I like about Jyske is that its staff are not given bonuses… so there is no pressure on any of them to pull tricks to make their performance look better. It is in the staff’s best interest for the bank to remain conservative and strong so I do not know what went wrong in this case.

Regretfully Jyske is one of the few major European banks left who will take American clients for less than millions in their account. Not regretfully because Jyske is bad but because it is always good to have choices and Americans do not have many when it comes to overseas banking now.

Any big institution may make errors. I noticed that Morgan Stanley… a huge firm  is just being sued for billions re Madoff.

It is possible someone may have screwed up within Jyske’s organization. It is hard for any big company not to have problems from time to time.  Everything I have seen though suggests a pretty strong organization with good values.

Gary’s Added Comment: Jyske did send the following reply about this lawsuit. I am answering on behalf of Gary Scott’s forwarded email to Jyske Bank Private Banking.

Under reference to your email informing us that IceNews, among others, has published an article, ‘poor investment advice acknowledgement by Jyske Bank’, we inform you that the article is in our view too sweeping and does not reflect the realities of the case.

In the autumn of 2007, Hedgeforeningen Jyske Invest launched a bond hedge fund, Jyske Invest Hedge Markedsneutral – Obligationer, which implemented a market-neutral investment strategy using a combination of Danish mortgage bonds and German government bonds. Many Jyske Bank customers bought units in the hedge fund, which was, we regret to say, hit hard by the global financial crisis in the autumn of 2008.

Jyske Bank has received complaints from customers, and the investment product has been mentioned in a few Danish media. The Danish Financial Supervisory Authority issued a reprimand to Jyske Invest on the grounds that the brochure about Jyske Invest Hedge Markedsneutral – Obligationer did not offer a balanced description of the product characteristics and the risks involved. Also Jyske Bank was reprimanded – for not in a general way having taken steps to improve the sales brochure. Neither Jyske Invest nor Jyske Bank concurs with the criticism. The sales brochure for the product expressly mentioned the risk of the hedge fund going bankrupt, which must be termed the worst-possible scenario.

The Chairman of Jyske Bank stated at the Bank’s annual general meeting in March 2010 that Jyske Bank does not dispute that errors may actually in certain cases have occurred in connection with the advisory service provided with regard to Jyske Invest Hedge Markedsneutral – Obligationer, but Jyske Bank does dispute that errors should have been committed in general in its advisory service.

In June 2010, an independent complaints board, the Financial Services Complaints Board, found against Jyske Bank in five cases. In its decisions, the Complaints Board deviated from the usual practice and held that the burden lay with Jyske Bank of proving that it had provided adequate advisory service to the customers in question. Until the autumn of 2009 it was up to the complainant to prove that the advisory service received had been inadequate.

Jyske Bank has maintained throughout that only case-by-case scrutiny will reveal whether the Bank’s advisers have committed actionable errors in their advisory service. The cases with relation to Jyske Invest Hedge Markedsneutral – Obligationer reflect discrete occurrences, and the customers in question acted on the basis of widely different circumstances.

Moreover, we have repeatedly declared that if we have demonstrably committed actionable errors in our advisory service in individual cases, we shall acknowledge liability.

Against that background we decided, after consideration of each of the five individual cases mentioned above, to comply with the decision of the Danish Financial Services Complaints Board. With some other decisions of the Complaints Board we do not intend to comply.

Correspondingly, we have complied on earlier occasions with decisions made by the Complaints Board after factual individual consideration, and we have also closed cases with customers who complained to the Bank direct.

Best Regards,

Oscar Lindblad
Private Banking Copenhagen

Readers Question #2: Hi Gary,  I was just reading over your email and am very intrigued at the possibilities of multi currency investing.I have recently had some major changes in my life as I have resigned from my teaching job.

With that said, I have no severance or insurance starting at the end of January.  Where I am looking for some guidance is whether to invest this money or live off of it until I start to make money again?  I am going to go ahead and order the multi currency report after I hear from you.

My reply: The minimum the bank in the Borrow Low-Deposit High report accepts is $100,000 so I do not feel the report is appropriate.

I am working on a report that looks at investing less in multi currencies via ETFs… but I have a lot more work to go on this project.

Since I am not a financial advisor, I can’t really provide individual advice about how and where to invest but either of the two contacts below may be able to direct you to an advisor who understand multi currency investing.

One good start is with Everbank.  They offer a multicurrency CD.  Jason Coots can help at

Another is the Wisdom Tree Emerging Debt ETF. I have a link to this fund’s site below.

Reader Comments #3: Doctor Wickman is a QUACK. His license to practice in Arizona was revoked in the 1980’s. Please Gary use the internet to find out about him for yourself. I believe your good reputation should not be tarnished by promoting someone like Wickman. Because of your credibility, many people may possibly suffer serious harm  if they entrust their medical care to someone like Doctor Wickman. Please disassociate yourself from him. Again, do your own research.

My reply: The readers who introduced me to Dr. Wickman believe they are still alive due to his treatment would disagree as I do.
I find that as much of the established US medical system is a sham as the alternatives.  I personally do all I can to avoid hospitals.  I am about to share an article from USA Today that shows what dangerous places they really are.

The cancer that was on my body is gone (and has been for over a decade) due to what you would call quackery as well… chosen after the regular medical establishment just made the cancer worse.

We are well aware of Quack Watch and the negative data and disagree totally with it and am disgusted by people who tarnish others reputations with no more facts that what they read on the internet.

However to be sure that readers get the entire view this site has covered these quack allegations numerous times.

On the subject of quackery… this is a good time to review a November 16, 2010 USA Today article entitled “Hospital care fatal for some Medicare patients” by Rota Rubin that says (underlines and bolds are mine):An estimated 15,000 Medicare patients die each month in part because of care they receive in the hospital, says a government study released today. The study is the first of its kind aimed at understanding “adverse events” in hospitals — essentially, any medical care that causes harm to a patient, according to the Department of Health and Human Services’ Office of Inspector General.Patients in the study, a nationally representative sample that focused on 780 Medicare patients discharged from hospitals in October 2008, suffered such problems as bed sores, infections and excessive bleeding from blood-thinning drugs, the report found. The federal Agency for Healthcare Research and Quality called the results “alarming.”

Among the findings in the report obtained by USA TODAY:

•Of the 780 cases, 12 patients died as a result of hospital care. Five were related to blood-thinning medication.

Two other medication-related deaths involved inadequate insulin management resulting in hypoglycemic coma and respiratory failure resulting from oversedation.

•About one in seven Medicare hospital patients — or about 134,000 of the estimated 1 million discharged in October 2008 — were harmed from medical care.

•Another one in seven experienced temporary harm because the problem was caught in time and reversed.

I find that there is a lot of quackery in the established community and the way these quacks cover up errors and protect themselves from good, proven low cost alternatives is to brand these treatments as quackery.  This ranges from the ridiculous statements by the US medical establishment that identical prescription drugs from Canada (costing half the price of US pharmaceuticals) might not be safe to condemning those in totally accepted health modalities such as acupuncture,  Chiropractors and Osteopaths and homeopaths.

Dr. Wickman is a fully licensed OD in Ecuador which has a well regulated and honorable medical system and has been practicing there for decades.

One that subject, here is another reader comment about last week’s Q&A that mentioned Dengue Fever. Hello Gary, This is information you might want to forward to your readers.  As a homeopath I know of Gustav Bracho’s program of treating Dengue fever (and other diseases) homeopathically; where there are outbreaks he also treats prophylactically to avoid the disease.  Dr. Bracho lives in Cuba; his research and treatment through homeopathy are being disseminated worldwide, as he has great success in both preventing and curing Dengue fever and other serious diseases.  I heard him speak most recently at a homeopathic conference in Toronto this past October; his research is impeccable, the cures and prevention are real.  Anyone would benefit from using homeopathy.  Fears can be put to rest, once people are aware there are healing alternatives that are available and can be easily used.

Reader Question #4: Gary-  I read your article about Ecuador rats eating a hidden $100 bill. How many rats are there in Ecuador? Do they live in the houses?  Any other info about them?

My Reply: I have never seen a rat in Ecuador. (Except perhaps some of the real estate brokers who triple charge new residents when they sell them real estate.  It makes me feel bad that these expenses are eating up a lot of people’s savings!)

I read that story about Ecuador the rodent rats eating actual cash money and was surprised.  I have seen no rats… few snakes few spiders… But it of course depends on where you go.   Rat populations are probably very different in The Andes versus the coast versus the Amazon, etc. just as in the US.  We have a lot of rats and mice in NC on our farm…I think perhaps they are a part of nature but adopted a little mouser a few years back and she alone (Alice the cat) has changed the character of life on the farm!

Comment’s #5 from a reader from Oregon. Gary, thank you for your recent news letter.  one point you touched on that was of interest was the environmental challenges that will hinder economic recovery.  oregon now has more timber resources in the forest than 20 years ago.  timber left uncut during the ‘spotted owl’ years has now grown in size and added several million board feet to our inventory.  eastern oregon is now being considered for wind generation, and oregon’s coal deposits might be another source of revenue as demands oversees increase.  the conundrum is the very same progressive movement in oregon that halted most aggressive logging practices in the ’70s will no doubt be a major hurdle in the coming years.  oregon once stood on it’s three pillars of economy, ranching, fishing and timber.  environmental laws all but extinguished that prosperity here.  it is the loss of the use of these resources that hinders our recovery.  oregon will receive subsidies from the federal government as an offset to the revenues no longer generated from our forests.  this will put an additional burden on other states where economic recovery has been slow.  oregon, like other states, has the ability to support its state deficit if only allowed to access the resources and markets that are demanding them.  we must make a decision and exercise it.  we must decide which is of more importance, to blindly apply emotional concepts predicated on false science, or the application of practical fiscal responsibility hindered with environmental stewardship.  the choice is ours to make, or not.

Merry Christmas!

My reply: Happy holidays to you.  I grew up in Portland… had many loggers in the family and recall those huge trucks with about 3 logs to fill them barreling down and out of Mt. Hood.  Zig Zag, Clear Lake, Little Crater Lake, Frog Lake, Frying Pan Lake around Mt. Hood and the Coastal Range were our stomping grounds as teenagers.


Oregon Logging truck circa 1970.

It always seems strange when I watch the log trucks in the Blue Ridge with about 20 logs on the truck… and they are pretty small trucks compared to those in Oregon’s past.  The south has mostly private land for timber so the logging continues.


Today’s typical Blue Ridge North Carolina log truck.

This is such an extremely complicated issue polarizing the country and I do not see any quick or easy solution.

The ultimate value of course is added value and we have been testing various approaches to sustainable logging on our farm using the draftwood approach.


#1: Gain value added. This is the era when small and flexible are beautiful. Modern community technology makes it possible for even micro businesses to virtually integrate. I’ll give you a specifics in a moment.

#2: Invest in real estate. I know, I know people keep saying that prices are going down. Yet these same people keep having kids without making more land. This looks like an opportunity distortion to me.

#3: Bet on inflation. I do not see how with the massive government bailouts this will not happen everywhere…to a great extent.

#4: Invest in alternative power and sustainability. The same fundamentals as for real estate are at work…more kids…no more fresh water…trees…soil…clean air…etc. Plus one factor more. Each child born expects more.

#5: Invest in natural health. The current social economic lifestyle is flawed.  The acquisition of stuff creates too much work…leading to too much stress…with too little time…and poor nutrition…leading to pharmaceutical and surgical intervention. This intervention costs too much and is not a pleasant, effective approach that optimizes maximum human efficiency.

Based on this belief, I have been working with a team on a plan for our farm in North Carolina to create Draftwood homes built from local sustainable timber and fueled by micro hydro power.

Here is a sustainable logger we work with…  Ian Snider…  the local advocate of the Draftwood concept.  Draftwood… sustainable harvested, value added timber hauled out by draft horses.


Here is Ian Snider at one of his projects in North Carolina.

So far this has not caught on… but we keep testing the waters.The wood in the guest kitchen house we just completed in Florida came from this sustainable “dead” poplar we collected on our North Carolina farm.

Sustainable Timber


We are turning dead wood, like this poplar log, into a value added product.


This poplar sitting right behind our house died a few years ago and dropped branches on the house all winter.  Last spring we trimmed off the branches and last week a bad winter storm brought it down…we cut it in three pieces and dragged them to one of our fields.

We set up a portable mills in the summer and…


last year cut over a thousand board feet of nice poplar planks.


We used this wood to make the  guest house we renovated in Florida  more beautiful.

Guest house renovation.  This type of vertical business model may not always be the most economical in dollar terms, short term… but this is rich in satisfaction and fun.

Readers Comment #6: Gary, I know you use the word “terror” in your emails to get ratings, and frankly, it’s not part of what the world needs now, which is love and peace. Please reconsider.

My reply. Actually the way we work on the internet the word “terror” might reduce ratings…  but certainly will not help them. Terror is too common a word. Our rankings are increased by finding unusual niche words. But enough internet SEO lingo.

Dangerous Sparks Exist

The point is… there are many sparks that could create terror in the market.  Astute investors and business people need to be considering this. I want readers to be aware of these risks and I won’t pull any punches if they help readers prepare to make their lives better.

We can change ourselves… but probably not human nature and the herd.  This means if there is going to terror and if this creates a stampede… we need to be prepared.

I agree each of us should serve with love and peace in our hearts.

This is why I write so much about using compassion and passion in one’s business and investing.

Merri and I learned an important lesson while living with an Ecuador Yatchak. The shamans give enormous amounts of compassion, gratitude and positive energy in their healing ceremonies. Yet they also wear protective bracelets on their left (energy receiving side) wrist.

I am told there is an old Arabic saying… “Believe in God… but make sure your camels are tied up at night.” If one believes in the power of positive energy… one has to accept that there is negative energy out there as well and we need protection from it. The terror series looks at why there may be terror and how to prepare for the event… so one can still serve with love, gratitude and compassion during the turmoil.

#7: Comments on FM Training.  The duality of nature is why we have expanded our efforts in helping ourselves  (and our readers) tap our inner resources for outer expansion.

This is why we have started a our Quantum Learning Program that can help you create a new avenue of income wherever you live.

The FM Story

In telecommunications and signal processing, FM stands for frequency modulation that conveys information over a carrier wave by varying its instantaneous frequency.

The educational program Merri and I have developed uses a different form of frequency modulation we like to call “Full Mode” that opens enormous opportunity for expansion, understanding, peacefulness as well as greater wealth.  We are sharing this indepth program with a select few through our new teacher program.

FM teaching uses frequency (in music and a number of other ways) to integrate brain waves so the process of absorbing, processing and recalling information is vastly accelerated.  This brings forth the three C’s:  Calm, Clarity and Coherence.

How the Quantum Learning History Brings Opportunity to You Now.

Merri and I are explorers, always looking for what’s next… trying to stay on or ahead of the leading edge.

This journey has lead us to alter the main mission in our lives every seven to 14 years.

During the 43 years we have been investing and doing business abroad, we have enjoyed capturing seven golden trends.

#1: 1970s Gold & Silver.

#2: 1970s investing in Japan, Germany, Switzerland, England, Australia and Hong Kong .

#3: 1980s. The Tigers, Taiwan , Singapore, Malaysia, South Korea & Turkey .

#4: 1990s. South America (which led us to Ecuador).

#5: 2000s. China, India and Eastern Europe.

#6: Invest in Real Estate and Global Micro Businesses throughout.

#7: Bet Against the US Dollar throughout.

Spotting these trends early brought us a strong and continual flow of income.   Now you can benefit from the latest… and perhaps strongest… of all the trends we have stumbled upon.

Our writing and talking about each of these trends over 43 years has helped thousands of our readers make and save millions.   The success of our readers has been a driving force in our lives yet we have always wanted to do more so continued looking deeper for a core idea that we could share that provided income, stability, good health and contentment.

Recent events have moved us closer to this core which is why we are developing a way for a few others to join us in the profits and fulfillment of this quest.

Since we seem to progress in seven year cycles, when we reached our 14th year in Ecuador we started expecting and looking for… “What’s next?”

That search led us to more time in the USA and our recent Super Thinking courses confirmed to us that our FM program has become increasingly pertinent to solving the socioeconomic problems created by accelerating change.

This Quantum Learning helps in innumerable walks of life.   This is why our new teaching program offers extra opportunity for you now.

Problems Create Opportunity

There is a huge and growing problem of accelerating change that requires accelerated learning.  Learning Spanish is just a tiny part of the demand this problem creates.  Expended learning capacity is far more valuable than just being able to speak Spanish.  So we are expanding the FM focus in our business… shifting into overdrive you might say with what we call FM Plus.

FM Plus Frequency Modulation/Full Mode Plus

FM Plus works by focusing on the learner first… the data second.  FM Plus “grows the learner” rather than just expands the information.  The explosion of data we must all process everyday means there is too much information to process already.    Let’s view this learning in terms of plumbing to outline what “Growing the Learner”  means.

If you have 4.5 inches of information flowing through a 4 inch learning pipe, the solution is not to add another inch of information.  The answer is to first create a six inch pipe and then an even larger pipe…a neverending expansion of abilities!

FM Plus incorporates Frequency Modulation…  7th degree exploration and Core Revelation (wormholes – universal expansion and shortcuts) to expand the learner’s thinking and information processing ability.

We’ll do this through our FM Plus Process which we have been using in our Super thinking Plus Spanish course. Now we are integrating this process into our International Investing and Business courses as well.  This means we’ll provide this training nine times in the US in 2011.

The demand for FM far exceeds the numbers Merri and I can handle in nine seminars.  Because Merri and I don’t have time to do more seminars we have added the teacher training program.

The teacher training program is described below, but let me say up front that this is a Beta program.  We have never trained teachers before. This means we expect the program to evolve… to probably offer more.

As mentioned we will conduct nine seminars in 2011.  Trainees in our FX Plus training plan can attend all seminars in 2011.  They should attend at least five.

There will be a trainee review session everyday during these nine courses.  It is most important to jump on those moments of clarity as they occur.

There will also be online personal training via conference calls and on Skype and via videos…with no additional expense of course.

FX Plus training plan teaches how to teach and how to create your own business simultaneously.

Each trainee will have our upcoming course on “How to Have Your Own Seminar Business” to help teachers see ways to make money by conducting their own seminars.

This course includes…

#1: How to earn millions from seminars courses and tours.  See how we have earned as much as $200,000 for a weekend’s work. (Once $135,000 in two days.)

#2: How to build a seminar business.  See the one day Washington-Atlanta-San Francisco system that helped our courses evolve and how to use this approach to help your teaching grow.  Gain strategic partnerships for added wealth.

#3: When and when not to use other speakers.  Seminars for speakers… a way to get it all out as your bank accounts gets it all in.   .

#4: How to use other speakers.  Gain the key to the room and the people within. Why the golden pen is mightier than both a glib tongue, the sword and the overloaded brain.

#5: Dealing with hotels.  Why the marketing does not talk to catering who will not communicate with accounting and the mess this means for you.  How to chose… arrange and survive the hotel.  Forget the $11,314 coffee bill… for swill.

#6: Scheduling seminars.   Magic dates and times for marketing… how far in advance to market and seminar death dates to avoid.

#7: Creating back end business.  How Merri made $12,936 dollars in 37 minutes by just standing still.

#8: Three types of courses… delegate driven… speaker driven… third party driven.

#9: The  importance of strategic partnerships.

#10: How to market seminars, courses & tours.

#11: List building.

#12: Alternative seminar and course location options.

#13: The benefits each of big seminars and  small courses.

#14: How to survive the dreaded problems.  What to do when enrollments are low. Handling the heckler, the takeover and the unmuted cell phone.  When the hotel fails.  Surviving speaker no shows and all of those types of things.

When it comes to conducting seminars, courses and tours, there are few people with more experience than Merri and me.  Over 43 years we have organized, marketed and conducted thousands of tours for tens of thousands in dozens and dozens of countries (even behind the Iron Curtain).  This course shares how we have done this… what we did right… what we did wrong… and what you can do better.

We’ll only train a small number of teachers to begin and our goal is to these teachers to work in their own ways and methods including of course teaching Spanish.  Teachers of our Spanish program do not have to speak Spanish by the way. In fact I am prohibited from speaking Spanish when I teach. You’ll learn why as a teacher.

Since this is a Beta program and we have never done this before we cannot guarantee who we will work with and who we won’t.

The FM Plus Plan Goes Way Beyond Spanish

Our training will teach you how to teach languages but covers many… perhaps all fields… and on your own.

For example. FM Plus can be applied to forex trading and investing.  Athletes of all types… golfing being one common sport benefit.  The Soviet Union… even though a third world country… excelled in the Olympics… as well as beating the USA into outer space… because it integrated FM teaching tactics as developed by Dr. Gregori Lozanov (one of Merri’s teachers) into its educational system.

Our FX Plus plan goes far beyond Lozanov and allows you to enhance whatever subject you wish to teach.

What You Receive

When you become an FM Plus Trainee, you are automatically enrolled in our International Club which allows you to attend all nine of our investment, business, and Spanish courses in 2011 (worth $5,981) FREE.

Here is the 2011 schedule

Jan. 13-16, 2011 Super Thinking + Spanish, Mt. Dora Florida ($749 or couple $999)

Feb. 11-12, 2011  International Investing Made EZ.  Mt. Dora FL ($499 or couple $749)

Feb. 12-13, 2011   International Business Made EZ,  Mt. Dora FL ($499 or couple $749)

March 10-13, 2011  Super Thinking + Spanish, Mt. Dora Florida ($749 or couple $999)

June 24-25, 2011  International Investing Made EZ,  Jefferson NC. ($499 or couple $749)

June 25-26, 2011   International Business Made EZ,  Jefferson NC. ($499 or couple $749)

Oct. 7-8, 2011  International Investing Made EZ,  Jefferson, NC. ($499 or couple $749)

Oct. 8-9, 2011  International Business Made EZ , Jefferson NC. ($499 or couple $749)

Nov. 3-6, 2011   Super Thinking + Spanish,  Mt. Dora Florida. ($749 or couple $999)

You are admitted to the teacher review sessions at all the courses.

You participate in videos and conference calls for all teacher trainees.

You’ll receive individual Skype training.

There are four payment plans:

#1 and #2: New enrollment full or monthly. This is for teachers who are not International Club members and who have not already attended a Super Thinking + Spanish seminar.  The fee is $2,900 or $259 per month for 12 months.

#3 and #4: Super Thinking plus Spanish Coupon deducts $750 full or monthly. If you have attended a Super Thinking + Spanish seminar… you have a coupon worth $750 so you pay only $2,250 or $259 a month for 9 months.

You attend our January 13 to 16 Super Thinking plus Spanish and learn how to speak Spanish in four days

Enroll ($799)

Enroll couple ($999)

Or finalize your teacher enrollment for the year.  Please select the plan that suits you.

We will be back in touch by email, but please let us know if you’ll attend the first training January 13- 16 in the comments section of your enrollment.

New Enrollment. $2,900 .

Monthly Payment Option: $259 a month for 12 months

Super Thinking less Spanish Coupon. $2,250.

We will conduct nine seminars in 2011 and hope you’ll join us for at least five of them as a trainee in our FM Plus (Frequency Modulator) training plan.Gary

Link to the Wisdom Tree Emerging Debt ETF.
Read “Hospital care fatal for some Medicare patients