GOOD NEWS! I purchased some loctite rust inhibitor ..followed the instructions and I got the bearings off! Also stumbled across the same hubs on BMI and learned they are cassette bearings and are actually easy to take apart with a simple rotation of the bearing!I'm super excited.Took a little bit of sweat to use a hammer to drive the axle out of the bearing ( I placed a piece of 2x4 at the end so i wasn't actually hitting the axle with the hammer) and the first one came of fairly easy. After get the first off and taking it out of the hanger the second one required some more loctite stuff and the persausion of a 5/16 punch angled into the keyway to get it out but its out and everything seems reusable! although I might go with this Cassette Bearing:
http://www.bmikarts.com/Bearing-Cassette-1-14-Bearing_p_493.html simply because its black so i would'nt have to paint it to match the kart..plus its more aesthetically pleasing to me. Thanks for the advice guys ya'll are awesome