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To: Haim R. Branisteanu who wrote (46539)	2/22/2004 9:16:21 AM
From: smolejv@gmx.net	Read Replies (2) \| Respond to of 74559

>> "light years" away in economic development from the rest of Europe, but only 4 to 5 miles from a international airport 5 to 10 years away from the rest of Europe I may have a benefit after all.<< correct >>Other prospects is substantial funding and grants from EBRD US Aid, GTZ etc. to generate work places in a "left behind" and potentialy social explosive region. Think of the possible leverage of owning an asset with very little down payment.<< the other side of the coin is called risk taking (g) I refrained from mentioning the front-running aspect("be there before the rest of the crowd") because that's generic to any (such) investment >>Ohrid in Macedonia has around 1,800 hotel rooms (which are quite expensive IMHO for the Balkans) and over 6000 camping sites,<< you'd need to know the occupancies, possibly from the more peaceful times... What's the reservoir? The Balkans? European East? One needs a long term vision. And as you know, on the long term - at least me _ we're all dead. >>how about winter ? I do not know possible the place is dead.<< There's Sar planina/popova sapka north of Tetovo is cca 80 km away, great mountains to ski, but then the flip side, its the border ridge to Kosovo. >>- "Natural Grown Food" is it trendy in Europe << yeah, but not double the price and in Ohrid you'd get nothing but natural grown food - except for a Heinz bottle of ketchup I guess - >>further few miles inland there are suposedly rich nickel and chromite deposits<< I know about chrome, both in Albania and in Macedonia. Nickel? Possibly. It's the Rhodope mountains. Then there's Lead and Zink in Kosovo...

To: Haim R. Branisteanu who wrote (46539)	2/22/2004 5:24:48 PM
From: Rarebird	Read Replies (2) \| Respond to of 74559

<Think of available competition for example due to income tax advantages.> The income tax is the last remnant of feudalism. The income tax is simply the ultimate insult and injury to individual freedom and liberty. The income tax claims bluntly that YOU are NOT the rightful owner of the results of your own efforts. Somebody else has a higher and superior right to the results of your efforts. If you do not pay them what they demand, they will send men with arms to expropriate the property you have. If you resist in any way, your penalties will be severely aggravated. Our present serfdom cannot be altered in the absence of real political solutions. But being in a state of peonage is still under our own individual control. To escape peonage is easy, don't be enticed into debts. The key central economic principle here is, that any investments must work FOR you. A viable investment, like a viable business, is one where the income is sufficient to pay for ALL the expenses (including upkeep, rates, taxes, repair, etc in the case of property). In the case of extreme indebtedness, which is peonage, this can NEVER be guaranteed, since the cost of servicing and repaying the debt cannot be known with certainty in a world of fiat currency and fluctuating interest rates. To be out of debt today is the closest one can come to individual economic freedom, serfdom is unavoidable as long as income taxes remain.