RECURRING BTL INTERNET PROBLEMS ON CAYE CAULKER AND IN HILLVIEW.

BTL INTERNET SERVICE ON CAYE CAULKER WAS DOWN, FOR SIX HOURS THIS FRIDAY.

This seems to be a regular pattern, and I´m not sure what is the cause? All you get is a report of poor signal strength, about 41% and UNABLE TO CONNECT TO SERVER MESSAGE. From noon until six p.m. This is WI FI service here on the home island.

This is not the first time in the last month either. As I am in the financial markets through my broker in Chicago, this is a troublesom thing. Fortunately today I was not in the market. The other time I had trouble, I had just closed my trades about half an hour before I lost service to the internet via BTL on the island of Caye Caulker. Which was pure LUCK on my part, as I could have lost about $5000 usa dollars.

Apparently, my wife who just arrived from Hillview, said the service is similar out there in Hillview. It is getting worse she says. We have been talking once again, about moving to Melchor de Menchos and building a house over there in Guatemala, to conduct business, because of the internet service available in Guatemala. My brother in law, just returned from a week exploring the Western Guatemalan highlands and he likes the area and felt quite comfortable. Perhaps we shall explore selling our places here in Hillview and moving to Western Guatemala for the better internet service. We are planning a trip to explore possibilities of re-locating to Guatemala this FALL. Purely for internet service reliability.

At least one foreign would be investor business contact, wanting to relocate to Belize and is familiar with the country, has also expressed his concern and said since his business runs on BROADBAND internet, the lack of such service has stopped him from re-locating to Belize. He has no interest in living in towns. There have been a number of queries from friends in the hedge fund business, like myself about moving to Belize. ALL have become aware that the internet is just not available here. There was even some talk about building a skyscraper, or several 4 or 5 story buildings in the Pine Ridge area. But without infra-structure that was cancelled.

I´m being forced by poor internet service to re-consider our business options once again. SAD, but there it is! You have to live and work where you can do business. In today´s world, ALL businesses now rely on broadband internet. Broadband is only available around district towns, in Belize. Even so, the service available cannot sustain the subscribers they already have in a reliable manner. I had a discussion at the BTL office here on Caye Caulker and there is little that can be done. Whatever the problem, they evaded discussing it. Just propoganda and crapola, smoke screen verbiage. I´m stuck here until the end of MAY, though if I lose any serious money, will immediately abandon my place here and in Hillview and move to Guatemala.

JAGUAR CAPITAL MANAGEMENT
BELIZE

BELIZE SUPERBOND DEFAULT ARGUMENT BY PUBLIC.

THE BELIZE PUBLIC DEBATE WHAT THE PRIME MINISTER SHOULD DO ABOUT THE BELIZE SUPERBONDS? AN ARGUMENT FOR DEFAULT HAS BEEN PUT FORTH.


-a possible legal theory as to how Belize can default on national debt

Caselaw
http://www.odiousdebts.org/odiousdebts/index.cfm?DSP=subcontent&AreaID=12

"In international law, odious debt is a legal theory that holds that the national debt incurred by
a regime for purposes that do not serve the best interests of the nation,
should not be enforceable. Such debts are, thus, considered by this doctrine to be
personal debts of the regime that incurred them and not debts of the state.

Belize MAP OF oil wells drilled over 50 years.

Don´t know how old this map is of oil wells drilled in Belize over the past 50 years? Some of these oil wells were capped as being uncommercial. Some were dry wells. I believe currently there are 5 oil rigs pumping oil commercially from two small ponds of oil in the Western Cayo District.
I see that no oil well has been drilled, where there was oil seepage back when I was a young man. Nobody would pày me for the information, so I never told anybody.

NEW OIL STRIKE IN BELIZE? IS IT TRUE? LOCALS ARE SKEPTICAL.

IS IT TRUE? LOCALS ARE SKEPTICAL.


press release

March 12, 2012, 6:47 a.m. EDT
AllEnergy Strikes Oil on Its First Well on Its Belize Concession

DES MOINES, IA, Mar 12, 2012 (MARKETWIRE via COMTEX) -- AllEnergy Corporation (otcqb:AFSE) AFSE -23.32% ( www.allenergyco.com ), a growth-oriented international energy company, announced today that it struck oil on its first well on the Princess Concession in Belize. The first well is expected to be completed and put into production following review by the Belize Regulatory Officials. It is estimated to contain up to 6 million barrels of recoverable oil. The reservoir was determined in size by Satellite Image and Chem-Tool. Pay zone depth was determined from actual drilling and mud logging. Porosity and saturation were gauged visually by outside consultants using statistical modeling with low side parameters, predicting a reservoir of 6 million barrels. This figure could grow depending on the trending of the reservoir.

Dean Sukowatey, President and CEO of AllEnergy Corporation, stated, "We are extremely pleased with our interests in this concession. AllEnergy purchased a non-dilutive four percent interest in a Belize corporation that owns half of the concession. The amount of potential here is tremendous. We look forward to developing the Belize concession."

About AllEnergy Corporation AllEnergy, an international energy company, is engaged in the acquisition, development and production of oil and natural gas. AllEnergy acquires and develops oil and gas leases which have "proven but undeveloped reserves" at the time of acquisition. These properties are not strategic to large exploration-oriented oil and gas companies. This strategy allows AllEnergy to develop and produce oil and natural gas with tremendously decreased risk, cost and time involved in traditional exploration.

The information in this press release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.

BELIZE THE RETIREMENT HAVEN PARADISE.

BELIZE THE RETIREMENT HAVEN


Favorable tax laws are one of the biggest draws for expats who are seeking sanctuary abroad, and from this measure it is hard to beat Belize. The English-speaking Central American country has no personal or corporate local income taxes and has no foreign currency controls. The country encourages international business and banking by allowing asset-protection trusts and maritime registration, which also makes it easier for expats to transition into residency status. Even better, the country’s “qualified retired persons” program allows expats to avoid paying taxes on income made outside the country, making this a true gem for individuals who maintain business abroad but want to retire in paradise. For more on this continue reading the following article from International Living.

Offshore, kayakers paddle among sandy, palm-dotted islets. Snorkelers explore the second-largest coral reef in the world.

A kaleidoscope of tropical fish, dolphins, turtles and manatees all share this Caribbean coast, which boasts some of the best deep-sea diving in the world. Hidden in pristine forests, jaguars, monkeys and 566 species of birds live among ancient Mayan cities.

In Belize, more than 40% of the country is protected as national parks, wildlife sanctuaries and marine reserves. But this lush ecological paradise is not just a haven for wildlife.

Belize encourages offshore business and welcomes foreigners as local residents, too. In fact, if you’re looking into your residency options, Belize should be high on your list.

The only English-speaking nation in Central America, its offshore laws ensure maximum financial privacy. These laws allow asset-protection trusts, maritime registration and encourage international business and banking.

There are no local income taxes, either personal or corporate, and no currency exchange controls.

It’s a place where you can arrange your affairs so you gain residency—but pay no taxes locally.

I’ve been to Belize (formerly British Honduras) twice. The people are friendly, oceanfront real estate is still relatively cheap, and Belize’s parliament, courts and government are pro-offshore.

Designed to attract foreigners as residents, Belize’s “qualified retired persons” (QRP) program resembles Panama’s popular pensionado program.

The QRP offers significant tax incentives to those who become permanent residents of Belize, but not full citizens.

When you qualify, you’re exempted from all taxes on income from sources outside Belize.

QRPs pay no import duties on personal effects, household goods or on a motor vehicle or other transport, such as an airplane or boat.

You must be 45 years of age or older to qualify and be able to prove personal financial ability to support yourself and any dependents. The minimum financial requirements include an annual income of at least $24,000 from a pension, annuity or other sources outside Belize.

WEIRD RUMOR FROM THE TWIN TOWNS OF WESTERN BELIZE

WIERD RUMOR FROM THE TWIN TOWNS OF WESTERN BELIZE. IS THIS, IF TRUE; A STEP BACK INTO COLONIAL MENTALITY?

Seems the police were going around the stores on Sunday forcing them to close. Wonder why that is? Some kind of religious fanatical thing, or what? On the Cayes all the stores were open as usual. Thank God! Allah! or Whatever. How would you eat if you cannot buy food? Or cater to tourists.
If this is the law, that has never before been enforced, the police are probably doing the right thing to pressure this new government of UDP, to bring the laws more in tune with the times. I wonder if they are doing the same for bicycles, with licenses, and headlights and horns and all that stuff?

CONTRIBUTED COMMENT ON EASTER WEEKEND ABOUT LACK OF BRAINS IN BELMOPAN GOVERNMENT AND MEDIEVAL RELIGIOUS POLICE PERSECUTION.

"The stores were closed all day on Friday and when the Chinese shopkeeper opened his store at 6:30 pm, 15 minutes later the police came and forced him to close. It's not just that tourism provides 25% of jobs in Belize or that it contributes to 18% of GDP and forcing businesses to remain closed on Sundays and other holidays cuts off part of the GOB's income, since tourists can't find places to spend their money, but also the fact that a large number of Belizeans don't own refrigerators and thus are dependent on daily food shopping, that makes this medieval law, which the police seem very keen on enforcing recently, a highest form of insanity. Why is this law still on the books and why are they spending time and effort to enforce it while they can't cope with basic issues of public safety? Isn't there anyone in Belmopan with functioning cerebral cortex who'd scrape this imbecilic piece of legislation off the books or at least tell the police to go chase criminals and mindless jerks "driving" on the roads?"

BELIZE PRODUCTIVITY, PER CAPITA, IS HALF THAT OF THE OTHER SIX COUNTRIES OF CENTRAL AMERICA.

BELIZE PRODUCTIVITY IS HALF THE OTHER SIX COUNTRIES OF CENTRAL AMERICA.

Number of reasons.
a) Small population scattered over a large area.
b) Why do today, what you can put off until tomorrow, motto.
c) Politics is intefering with business.
d) Civil servants abuse their ability to deal with small businesses and overreact, to show they are boss.
e) Corruption, mostly at the senior levels of political inteference.
f) It takes too many, hours, days, weeks, months and years to get the simplest government requirements of bureaucratic red tape done.
g) Most investors wishing to come to Belize are looking for decent priced fast internet service,which does not occur much in Belize. It is spotty. The places were investors want to put their business usually do not have decent enough broadband internet service.
h) Not enough is done to ensure that small seed type entrepreneurial businesses are left alone to grow up first. They are penalized by the bureaucracy from the get go. Making most of them fail, or give up in disgust.
i) Outside of the port town, life is good and living while poverty level, is comfortable. If you make more, you attract predatory bureaucracies. The aggravation and troubles that ensue, turn people off. The cost of government red tape is too high, compared to what you can earn.
j) Very few, a small handful know how to export things. Even knowing there is a demand abroad.
k) There is very little manufacturing. Just a little in bamboo furniture, some metal roofing for local sales, cement block making, a bit of agro processing for local consumption and a tiny attempt at exporting. Most of the economy is based on tourism and raw commodity exports. You cannot build an economy without light manufacturing and exporting stuff you make. Thus the reason for low productivity per capita.