Only in the United States is there anything comparable to the FDIC's guarantee
of $100,000 per account. What does this tell us about bank depositors in the rest of the world concerned about
the Y2K computer bug? Banks abroad may not be the safest place for a depositor's money. Outside the borders of
the U.S., bank runs are likely.
Though US accounts are insured, what will your life look like while you're
waiting a long time for your bank account to be rectified?
By the way: It's your financial institution, NOT YOU, who's insured. Your bank statements are NOT considered legal
evidence of your current balance.
Ecuador is not a free country. My first wife and I spent five days in Quito
in November 1989. We stayed in the home of the secretary of the Minister of the Interior. The secretary lived with
her parents.
As a way to keep attractive women away from me, my demented first wife, Barbara Loebel (currently in Los Angeles,
California), would lie and tell women that I was an abusive husband. The svelt secretary believed Barbara's lie.
She hatched a plot to have me be arrested by the police of the Interior Department. After a lunch at a swanky restaurant
near the capitol building, went I went to wash my hands, Barbara and the secretary left the restaurant and ran
to the secretary's car and tried to leave without me.
When I tried to catch up with them, who was waiting for me in front of the restaurant were soldiers carrying rifles. - - - - - - - - - - - - - - - - -
I was told by more than one source that the sons of the wealthy, in Ecuador, rape whoever they want and are never
arrested. When preparing to travel abroad, if you ask the U.S. State Department for the safety status of Ecuador,
you aren't informed that it's a police state.
Arthur Frommer's Budget Travel Magazine
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Business Traveler Business Traveler is The leading magazine for international business travelers, with practical
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Condi Nast Traveler Filled with the travel secrets of celebrated writers and professional travelers, Condi Nast Traveler delivers
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