Our son, Jake, is a trainee solicitor working in London.
Jake and me hiking in the Cotswolds.
He recently read a June 27, 2011 BBC News article entitled “Is the US in denial over its $14 trillion debt?” by Justin Webb.
Here is an excerpt: Is America in denial about the extent of its financial problems, and therefore incapable of dealing with the gravest crisis the country has ever faced?
This is a story of debt, delusion and – potentially – disaster. For America and, if you happen to think that American influence is broadly a good thing, for the world.
The debt and the delusion are both all-American: $14 trillion (£8.75tn) of debt has been amassed and there is no cogent plan to reduce it.
Here is what Jake wrote: Dad, I have some basic questions about this:
1) Can an economy survive this kind of debt? Presumably there comes a point of no return.
2) Would you advise your family/friends/clients to develop ‘escape routes’ from the States (Canada? South America? Scandinavia? Ecuador? China? etc.)
With other forces of chaos rapidly combining to create the perfect storm (for the other 4billion people, there are already 2billion living in it) climate change, population explosion, collapsing earth systems, etc. where do you advise people start looking for those escape routes? Only a temporary relief admittedly but perhaps at least for their children.
BBC: The US has amassed a debt of $14tn. The figure is impossible to comprehend: easier to focus on the fact that it grows at $40,000 (£25,000) a second… this is bad enough but the future commitments to the baby boomers, commitments for health care and for pensions, suggest that the debt burden is part of the fabric of society.
I replied: Jake, The 14 trillion is just the tip of the ice berg. It’s over $61 trillion when you take into account unfunded liabilities such as Social Security medicare, medicaid, etc.
See what I wrote just early in June an article Economic Pitfalls Lurking
This is what I have been writing about for over 4o years and the escape answer is what I wrote in the 1970s in my first book “Passport to International Profit”. I also just wrote about this May 30, 2011 in an article The Strategic Reserve
This is why I recommend living on agricultural land and being in Ecuador as well as multi currency investing.
However a total meltdown does not always bring total disaster. See how in 2001 I guided investors to incredible opportunities created by a complete national economic meltdown in Ecuador. See a message posted at this site way back in 2001, Opportunity During a Meltdown
Merri and I just completed our latest International Investing & Business seminar. 55 investors and business people joined us in West Jefferson, North Carolina.
We saw seven reasons we need to take extra care in our investing and business now.
#1: Environment of poor growth.
#2: High unemployment.
#4: Sovereign debt problems.
#5: Tight fiscal policy.
#6: Low interest rates.
#7: Downturn shift in the historic position in the bear economic cycle.
Our main advice was to diversify more and put more emphasis on finding value because the key now is “Don’t get clobbered in the expected down turn. Take advantage of the drawback instead”.
Do not waste this time of great risk and wonderful opportunity because the shifts suggest a unprecedented recovery in 18 to 24 months ahead.
We consider the risk (and opportunity) so great that we have taken the unusual step (the first time in our 43 years of business) of setting our 2012 summer schedule so we have a full year of meetings ahead that will help our readers remain up to date. More on this in a moment.
At the investing end, we have adjusted our portfolios. At last week’s seminar we joined with Thomas Fischer to look at ways to handle the current potentials.
We began by looking at how magnifiers of historical trends all point to a downturn… right now.
These magnifiers are:
Then we reviewed how I am altering my personal portfolio.
Join Merri and me all year long.
We have created a new option so you can participate in all of our seminars this year and into the summer of 2012.
We currently focus on five ways to combat the destructive inflationary forces that will raise havoc with your purchasing power and to get into a position to take advantage of the incredible opportunity ahead.
#1: Multi Currency Investing through US brokers and bankers abroad.
#3: Real estate.
#4: Living in lower cost zones.
#5: Having your own micro business for extra earnings, freedom, fulfillment and fun.
We have specialized for over four decades in helping our readers excel in these five inflation beating opportunities.
The big benefits of belonging to the International Club are the power of repetition, updates and international friendships. As a club member you become friends with other members as you meet again and again.
International Club members are invited to our Florida home during the winter seminars.
Your first savings is $7,690 in 2011 and 2012 just on waived seminar fees.
As you will see below you can attend 11 Florida & North Carolina seminars that would otherwise cost $9,189. The $1,499 membership saves you $7,690.
Join us and our International Club 2011 – Summer 2011 to 2012 and enjoy this savings plus much more.
The International Club brings together experienced, like minded souls, who take a positive view and think outside the box..in constructive thoughtful ways.
Merri and I are in our 43rd year of organizing courses, seminars and newsletters about international and quantum lifestyles. The importance of this sharing…by like minded souls…was reinforced when a delegate from a course sent an email that said:
My Dearest Merri and Gary, Thank you for your most gracious hospitality last weekend. I am just thrilled at being a part of your group. You and Gary were exactly as I imagined you to be, warm friendly, kind, considerate, genuine, helpful, fun, sincere, what else can I say……I felt so comfortable in your presence and learned so much in your course. I was sad to leave the farm that Sunday afternoon. You made us all feel so welcome and cared about. You were so kind to make arrangements for a ride with the other delegates from the Charlotte airport. They were so nice to me and so helpful, by the time the weekend was over I felt like they were my long lost brothers. Monday morning we all had breakfast at the airport together and I was so sad to see them go, I was sad the weekend was over, perhaps sad is not the right word for how I was feeling perhaps Gratitude is a better way to describe it. Grateful for having the opportunity to share the weekend with such wonderful, like minded Human Beings, in the beautiful mountains of North Carolina. Thank you Merri and Gary.
Thanks to you I now have new hope and a new direction to move forward in my life.
I know by attending your classes and conferences that through education and due diligence I will make the right choices.
This delegate’s comments about “belonging and feeling like a brother” to the other delegates is a wonderful refrain we have heard from our readers, year after year.
21 years ago Merri and I created a way that readers can join us to be immersed in a year-long learning program through our International Club.
The ideas behind this program began all those years ago in Vienna, Austria while we were conducting a course there. One of our older delegates, had some sort of attack. The first fear was heart trouble. Several delegates took him to the hospital. Others stayed with him there. I don’t think that delegate was alone for a minute!
What impressed Merri and me was that no one asked the delegates to help this man.
The friendships of delegates sharing many courses had just grown so strong that it was a natural reaction, just as if a family member was ill. Fortunately, it was only travel fatigue and the delegate didn’t miss a session of the course!
When you join our International Club 2011- Spring 2012 you become part of a special family. The very first member to join the club all those years ago wrote, Thank you for the enjoyable and informative courses. I am pleased to be part of your international family and look forward to continuing my education at the next course.
His feeling struck a familiar chord. It has always been one of my greatest satisfactions to see how much fun delegates have getting together, sharing information and making friendships.
These courses somehow draw together like-minded souls. For this reason some delegates come back again and again. They come to learn, but also to be with their many friends made at the courses. When like-minded souls get together again and again to discuss a common purpose, magic happens! I can’t explain it in any other way-but it is true.
In a way our meetings are almost like family reunions. Perhaps it is getting together and reflecting on what has been said and what has been happening.
Learning with those who are also interested in the world creates thoughts that multiply the value of what we gain. This is hard to describe but results are most powerful and wonderful! This is to me is as important as the great financial benefit of attending many of our courses.
See our 2011 – Summer 2012 schedule below.
We started and have continued this program for 21 years because there are wonderful benefits from having repeat delegates at courses. Having repeat delegates makes the whole course somehow more exciting for all. Being a repeat delegate makes it easier to make and keep wealth and to lock in the knowledge you gain. It’s an exciting lifestyle. We have fun, gain adventure, discovery and friendships and share ways to improve our health and wealth!
Normally we only accept membership at the end of each year… but due to the unusual risk we see now, we added this new option to club membership that entitles you to all US courses in 2011 and the Spring of 2012…in the cool Blue Ridge of North Carolina and in Historic Old Florida.
The next saving is Seminars via MP3 (or disc) and one Ecuador tour fee is waived as well (Ecuador Agricultural tour not included).
You’ll see a very busy 12 month schedule below. Very few club members actually attend every course and tour…but certainly some attend almost all of them!
If you attend even a few of the courses, you gain considerable savings… PLUS we record the investing and business seminars so you can have the course downloaded on your computer to listen on MP3 or on disc when you cannot attend in person.
This means that you stay in touch with all the business and investing ideas we develop at each of the investing and business seminars you cannot attend.
We have added the June 2012 summer International Investing and Business Seminar.
Here are the courses and tours where your seminar or tour fee is waived. Then see more savings below.
International Club members are invited to our farm during June, September and October seminars in North Carolina.
July 4-5-6 Cuenca Real Estate Tour ($499 or couple $749)
Aug 21-22-23 Coastal Real Estate Tour ($499 or couple $749)
Aug 25-26-27 Cuenca Real Estate Tour ($499 or couple $749)
Aug. 31-Sept 4 Ecuador Export Tour ($749 – $999)
Sept. 8-11 Learn Spanish in 4 Days, Seattle, Washington ($749 or couple $999)
Sept 15-16-17 Coastal Real Estate Tour ($499 or couple $749)
Sept 19-20-21 Cuenca Real Estate Tour ($499 or couple $749)
Sept 23-24-25, 2011 Investing & Business Beyond Logic, North Carolina with Blaine Watson ($499 or couple $699)
(Blaine Watson teaching delegates and International Club members at a previous seminar.)
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)
Oct 21-22-23 Coastal Real Estate Tour ($499 or couple $749)
Oct. 25-26-27 Cuenca Real Estate Tour ($499 or couple $749)
November 3-6, 2011 Learn Spanish in 4 Days, Mt. Dora, Florida ($749 or couple $999)
Nov. 9-10-11 Imbabura Real Estate Tour ($499 or couple $749)
Nov. 14-15-16 Coastal Real Estate Tour ($499 or couple $749)
Nov. 18-19-20 Cuenca Real Estate Tour ($499 or couple $749)
Dec. 12-13-14 Cuenca Real Estate Tour ($499 or couple $749)
January 12-15, 2012 Super Thinking + Spanish, Mt. Dora, Florida ($749 or couple $999)
Feb. 10-11, 2012 International Investing Made EZ. Mt. Dora, FL ($499 or couple $749)
Feb.11-12, 2012 International Business Made EZ, Mt. Dora, FL ($499 or couple $749)
March 8-11, 2012 Super Thinking + Spanish, Mt. Dora, Florida ($749 or couple $999)
June 22-24, 2012 International Investing Made EZ. North Carolina ($499 or couple $749)
Schedule subject to change. Always check final schedule at www.GaryAScott.com/catalog
International Club 2011-2012 Membership $1,499. Enroll here
There is even a third saving: $1,297 more!
When you join the club, I’ll email you our online course “International Business Made EZ”, a $499 value, plus four bonuses. You receive the bonus course “Self Fulfilled – How to be a Self Publisher” which also has a $499 value.
Plus I email you the bonus course “Tangled Web – How to Have Your Own Web Based Business” another $299 value.
In addition you’ll receive the 52 lesson course on how to create your own website using sitesell and finally I include an internet video on how to set up a website presented by our webmaster David Cross.
These courses are valued at $1,297… in addition to all the US seminars you can attend.
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 we give all course delegates our very best, we 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 us to help you find 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, become friends and gain more wealth.
The fourth savings: Lifestyle for Two.
There is still more!
We have learned at our 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!
The fifth savings: You gain Ecuador tour savings as a member of the International Club.
International Club members can benefit in Ecuador in the mountains or…
on the sea. Delegates and International Club members on tour at Land of the Sun Inn.
View shot by an International Club member of real estate for sale on an Ecuador Pacific real estate tour.
The International Club offers this benefit… as a gift in Ecuador from the organizers of Ecuador Discovery Tours.
The International Club fee is normally $1,799 yet during this Summer offer which ends July 5, 2011, I have reduce membership to $1,499. You save $300 more.
Take for example if you plan to attend our Super Thinking + Spanish, $999 for a couple and one International Investing and Business program, the normal cost would be $1,998. International Club members attending just these two programs would already save… plus could attend all the other Florida and North Carolina seminars plus receive $1,297 worth of emailed courses.
Our seminars and the Ecuador tour schedule is shown above. You can attend all the Florida and North Carolina seminars and choose to accept an Ecuador’s savings. Morya Ecuador Discovery SA has agreed to allow International Club members attend one Ecuador tour in the schedule above for just $40 per person per day internal transportation cost. (Agricultural tour not included).
This is a savings of up to $599.
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 and tours.
Savings #6: YOU SAVE EVEN MORE if you take a Galapagos Cruise.
We work closely with Haugan Travel which have expanded its fleet so club members can enjoy a Galapagos cruise for as little as $509 per person.
Haugan Cruises has added three new vessels so they have a broader range of cruises to suit all budgets. They now have 5 vessels and are offering several special introductory tours. This creates special savings up to $1,000 for all our readers and provides club members an extra savings of up to $554 more…. a total of $1,554 saved.
Savings #7: Membership is normally $1,799 – save $300 more. International Club 2011-12 Membership $1,499 until May 7.
Add all the savings together!
You can calculate the savings as our schedule of all 2011 courses.
Florida & North Carolina seminars you can attend or receive in an MP3 file worth $9,589.
Emailed courses sent to you worth $1,297.
Ecuador Tour Savings with Morya Discovery Tours up to $599.
$300 membership discount until July 5, 2011.
Total Savings from your $1,499 club membership fee.
You Gain $11,385 of benefit for just $1,499.
Plus more if you take a Galapagos Cruise.
Lock in the savings!
Here is one final benefit. When you enroll… we automatically lock in this low fee for next year so your savings are automatically renewed in 2012 and 2013 at $1,499. Of course if you choose not to renew, just simply cancel membership at no cost.
Let’s beat inflation. 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 2011-12 Membership $1,499. Enroll here.