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A Message from Ben Boothe |
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2008-5-8
The 70 Billion Dollar Solution
THE 70 BILLION DOLLAR SOLUTION
It is nice to be right, but somehow a bit hollow, when you are right and seem powerless to watch powerful events unfold that will have powerful impacts on the lives of millions of people.
So, when the price of oil hit $100 per barrel, we watched to see the ripples. When it hit $115 per barrel, then $120 per barrel, we began to see the reports from around the world on skyrocketing food prices. Now oil men are talking about $200 per barrel oil, and $4 per gallon at the pump no longer seems far away (today reports showed regional averages of $3.60 to $3.80). So the $100 we predicted has now been surpassed, and so has the food shortages, and we will see $5 per gallon gas at the pump in 2008.
Today, there were reports about the global food dealers, such as Cargill, who are showing huge increase
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2008-4-27
GLOBAL FOOD SHORTAGE, RUNS ON COMMODITIES
A few days ago, on Earth Day, there was a special summit in London trying to deal with emergency food shortages around the world. If we can see the trees for the forest, we might see that these shortages are largely caused by environmental issues, not the least being global warming, climate change, and massive droughts in food production areas.
London experts called this a disaster, "unexpected". How could anyone not expect this? Those of us interested in the environment have been predicting this for over 30 years. In this very publication I predicted it 8 months ago, and again just a few weeks ago.
Food shortages have spiked all over the world. What started as a drought in Australia, has accelerated to massive commodity purchases, stockpiling, and we now expect "runs" on food around the world. Now over 28 nations around the w
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2008-4-15
DUBAI PROPERTY INVESTMENT FORUM, UAE
Dubai, UAE, is the venue for the "SPECIAL VALUES PROPERTY INVESTMENT FORUM" highlighting properties of unique value and special returns on investment.
"Properties range from mountain ranchlands to real estate developments, hospital properties, a package of 11 shopping centers, resort homes, exclusive hotels, MRI clinics, hotels and condos in Ecuador, Costa Rica, U.S.A., Dubai, a historic home on the canals of old Amsterdam, even a hotel located on an active volcano (buy now before the next 'eruption' in Banos, Ecuador. We even have shrimp farms in Mexico and Texas," says Boothe, CEO and President of BBA Global Realty.
This is a most unique global collection, valued at over $350,000,000.00, thus the venue of Dubai was considered appropriate "Because some of the world's most liquid investors are located in Dubai," says Boothe.
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2008-4-8
Foreclosures in USA impacting entire real estate economy
We predicted this 8 months ago, in this newsletter. Now over 900,000 homes in the USA have been foreclosed, and it is impacting the broad markets of banking, real estate, and even international finance.
Reports keep coming in from around the country.
Jack McCabe a real estate consulatant in Deerfield Beach, Florida recently reported over 30,000 unsold beachfront Miami condominiums.
In Nevada, 4.2% of its homes went into foreclosure with some 59,983 filings, up 169 % from 2006.
In the San Niccolo neighborhood, homes that were selling for $690,000 have dropped to $450,000.
In Orange County, California, 25% of listings are foreclosed properties.
In Newport Beach, high rise condominium units that sold for $1,150,000, are now discounting $200,000 or more.
Scottsdale, Phoenix, Chandler, Paradise Valley, al
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2008-4-8
Dubai Opportunity?
It now takes $1.65 to purchase one Euro. Many investors in Dubai and other nations are stockpiling excess profits from oil revenues in Euro's.
Therefore a person in another nation, wanting to invest in a dollar based economy such as the USA can get a substantial discount or investment advantage, that is estimated at a 35% discount, if he buys American dollar based real estate, with Euro's at the present time.
If we assume that the next political administration will be wiser and more informed in international economics, we must assume that the dollar may be rising in the next few years. Certainly a change in political leadership will be more responsible in economic leadership, and put into place policies that will again justify a strong dollar. That being the case, this is an excellent window of opportunity to buy in the U
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2008-3-25
World Food Shortage and Higher Food Costs, Higher Grain Costs, Higher Land Values!
Have you noticed the prices of food in grocery stores lately?
Last night, in my local grocery store, I noticed that steak was at $10 to $12 per pound, and some vegetables are not even being priced "per pound" anymore, but rather being priced "each". At these prices, a "double Whopper" could cost $16 if priced accordingly. This matter of food prices and food shortages is world wide.
Just today, there were massive shortages of rice reported in the Philippines, once an exporter of rice. This month the Philippines failed to secure enough rice to boost its inventories, leading to suggestions that the market was heading for a period of heightened volatility. Traders offered to sell the country only 325,000 tons, when it wanted 55
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Global Perspectives is published by: Ben Boothe and Associates, Inc. Consultants in 30+ nations |
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