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Global Pension Plan - MLM
Matrix, Site ReviewsTags: Global Pension Plan, GPP, Reverse Pension Plan, RPP.
This venture is registered in Liechtenstein.
I remind for those who are interested to join that Global Pension Plan will close once the target membership of 100,000 is reached. The program is still growing very fast. They’ll probably re-open their doors afterwards…
GPP has one of the most unique and impressive plan I’ve ever read so far! Even if this program is in the category: “Too good to be true!”, it’s a ONE TIME membership of 30€ ($35). The question is: “Would you be willing to risk the possibility of losing just 30€ ($35) for the opportunity to earn a minimum of $55,000.?”… the answer is up to you!
Now those who are already IN would be paid before the end o the year (normally within 2 months after the closure of the program to new members). That mean they’d get paid before Christmas.
Stay tune!
Nobsnetwork Global Pension Plan Thread
Popularity: 19% [?]
I am in this for about two weeks now: Growth from 10.200 members to 10.800 members.. I dont think they will hit their 100.000 member goal before christmas
I am in this one, for over two weeks now. Growth since my join about 600 people. I dont think they will hit their target near christmas
Oh well, let me just add (as i cannot edit): The Plan truly looks more than great. Trading policies and insurances is even promoted in television by some companies here in Germany.
“Total Members In our Plan: 10929″ so it will still take its time.
Surly high risk, but worth a try. I`d like to classify it as “Fire&Forget”
Trading policies and insurances for GPP? Have you got any links or writeups about that my friend? Btw, welcome to our blog.
I’ve heard there will be a german version of the site (probably done already) cause this program is very successful in germany and the neighbouring countries (the company is registered in Liectenstein).
And I think you’re right (Hecht2k) when you say they wouldn’t hit their target near Christmas cause even if their membership database is growing very fast, they are far from their target number.
Well, I just tried to ‘refresh’ and get back to the site today and it appears you can only get in with a referal now. I tried to search and use a couple links from various ppl, but no go. Seeing as they’re no where near their goal of 100,000, not sure why they changed their system.
Hi Propellertop.
I can login my account and see no changes.
Even the Signup form seems to work properly.
Total Members In our Plan: 11318
Globalpensionsplan (!reflink!)
i would like to join this program but i need a referral link
Anybody wants to have me as a referral?
PEASE EMAIL ME
Drora Luz
Please feel free to use mine
http://www.globalpensionplan.net/?id=Hecht2k
By the way: Total Members In our Plan: 14452
(link may be deleted if it offends the blog)
I was just reading about this in a Canadian forum. GPP launched May 2005 and it hasn’t even reached its half mark after more than a year and a half?
Hecht2k, do you know the status of members as of today?
17.907
A timeforecast (which they send by email sometimes) says there are additional 43 weeks to wait
I will sign up under you! What the heck, $38 won’t hurt for a possible 55k before xmas 2007!…hehe.
But before I do, what kind of information will they need? I don’t feel comfortable giving up certain information about myself….
nothing sensible. The same things as you have to in every other hyip. I dont really know if they later on need any more information.
Hi,
I am from India. Can I join? Can I refer my husband? I am 45 and he is 48.When do they give the referral commission? How come such a wonderful scheme is not being filled up in more than a year? I believe I can refer quite anumber from India.
Purna Maitra, I’m not a member but since the beginning I’ve been reviewing this pogram. To answer to your question: Yes! It’s still time to join, so you can.
The weekly membership growth here seems to be holding steady at just over 1,000 new members joining each week. This program could easily grow this reverse pension MUCH faster (if everyone promote a bit) and get this one completed and everyone paid out before the end of this summer.
This is the last update:
******
Monday 12th February 2007, 0900hours GMT
Member Count: 35,966
Members joining this week: 1,054
Members who joined last week: 1,142
We forecast the time to reach 100,000: 32 weeks (September)
Available ‘Compensation’: €3,521,870,000
Available ‘Loyalty Rewards’: € 1,536,816,000
‘Loyalty Rewards’ earned/accrued this week: € 25,296,000
Thanks to TeamTHEMCO for providing the above data.
******
Surely they can close this program out before September.
Keep a watch on GPP in May, by that time it should be about 50% full and depending on what happens with another programs payout, GPP could fill up the other 50% in the blink of an eye. Current membership 37,550
the question always remain…WILL THIS PROGRAM REALLY PAY ?
Hi,
Somebody pls clarify. Will a birth certificate do for the identity verification? It is for my 27 month old child. Can I, my husband, a friend and my child all use the same email and e-bullion account? Where will the money be credited when they pay? Also, somebody please give me a referral link. I want to join in the first week of March and am a dummy as regards referrals, links etc.
Karen, you should ask this question: Would you be willing to risk the possibility of losing just $35 for the opportunity to earn a minimum of $55,000?
Never forget the Golden Rule: Invest only what you can afford to lose!
Purna,
There are plenty of referral links available and believe me, everyone wants you to use theirs. Part of this program, of it pays out, is the 2000 for each referral that goes 12 layers deep. The potential to make really serious money is in the referrals.
One thing for sure, You will want to sign yourself up first, then use your referral link to sign up the rest of your family. Right now ( and for the next few months) you have plenty of time. If you have any friends that are already in GPP, you should use their referral link.
To answer some of your questions, this is straight from their FAQ’s
All the members are asked to provide the insurance company a copy of a government issued ID like passport, driving license, birth certificate etc. indicating the very same details as used when signed up with us.
Do I need an email address to sign up?
A: Yes you do. But you may use the same email address as your sponsor if you don’t have your own one.
Q: Can I sign up multiple members using my own e-currency account?
A: Yes you can!
Q: How can I withdraw the Compensation and the Loyalty Program Rewards?
A: The membership fee of 30 EUR includes a banking solution.
I hope this helps, keep in mind, if ( and that’s a very big if) they close and payout, chances are it won’t be until the very end of this year at the earliest.
Somebody already posted their link in a earlier post, So I guess it’s ok to post mine.
http://www.globalpensionplan.net/?id=cgc3241
Luc :
This the a BIG problem with “too good to be true business”…all say Invest ONLY what you can afford to lose !! who in the right MIND enters a TRANSACTION with the EXPECTATION to lose …please follow the logic …common folks like me only has Hope ….not to lose regardless if it is $40 ….this industry perpetuates …this notion “invest only what you could afford to lose” mentality …the HYIP always wins ..THEY SELL HOPE ….and continue to SELL HOPE …..and You continue to FOLLOW this belief …”invest only what you could afford to lose” …and the suckers …continue to lose ….we are still hoping …
I’m basically agree with you but what else can I advise to people? Yes invest as much as you can and lose your money?… We should always use our common sense before investing and I believe most of ppl here are enough mature to undesrstand that.
We have to remember that NO business on earth are 100% safe (and they will never be) and this, whatever bad or good/honest or dishonest an admin could be. There are NO guarantee in any business but if ppl are using wise money management, they won’t be too upset in case something goes wrong.
Now if you are NOT ready to take any risk at all, so investment programs are not for you… go away and do something else. It’s that simple!
Luc :
Please follow your logic …99.9% of all programs turn out to be a SCAM….I am sure you have participated in MOST of them …since your are a die hard believer or a gambler …hoping that something will pay ….someone sells you vacuum cleaner looks good in the box …and you believe him…the salesman says …this will work …but turn it on when I leave…you say OK I , the salesman leaves , you turn on the vacuum cleaner…and it wont work
…then you what the heck …I will buy another vacuum cleaner …you dont get it ..They are selling hope !!!then
you talk about risk this is not RISK this is gambling..I hope you see the difference …there ZERO DUE DILIGENCE ON THIS PROGRAM …LIKE MOST OF THE 99.9 % OR PROGRAM …ALL DEALING WITH SHADOWS …I QUESS I WILL DO SOMETHING ELSE ..
First of all, this program is NOT classified in the category of HYIPs… Whatever! I always recommend ppl to invest in low risk investment programs and I know many of these programs are still paying and some members are in prfit.
I know a program that I didn’t join few years ago cause I was reluctant but I regret cause this program is still paying (but now I don’t know for how long) and few of their members who kept compounding are already Millionaires.
The clue is that you never know in advance if a program will pay or NOT. People here are adults, they know the risks involved, they are FREE to invest if they decide to do so. I never yiell SCAM without knowing if a program will pay or not… but the only thing I can do is to advise investors to be cautious. People are FREE to invest if they decide to do so.
But I don’t teach you anything, you know that already!!!
This is one of the nicest threads that i could found (using Google) on the internet about GPP.
A good friend of mine introduced me to this “wonderful” offer. She’s 100% trustworthy! The question i have stillis if rather this is a genuine one or not?
I love the way Karen is puting it…Selling hope…and she’s actually correct (not about GPP but) about this in what she reffers to in her posts.
I love Luc the way he puts it…”GPP has one of the most unique and impressive plan I’ve ever read so far! Even if this program is in the category: “Too good to be true!””…
Karen is right it is actually gambling (30euros) cause they mention it on their website, in the riskdisclosure: “Global Pension Plan offers no guarantee of any kind”
There is no fact until the end of this game. Once cashing day has come, money will be expected by a hundred thousand people. If they pay out; Karen will be looking for the first available link to click on and Luc will probably be on a sunny beach with a pinacolada on one hand and a havana on the other laughing. But if no money is shown they’ll (GPP Team) will be in Luc’s place and Luc with 99 999 of his friend, colleagues, Patners, family, teammates, etc… will be greater than Karen in trying to talk logic with people in various forums, blogs, etc… and Karen? well? what do you think?
With all due respect i thank you both (and the others) for this nice blog. it gave me something more valuable than 30 euros or 55000. a smile!
P Mokédé
People are getting all up in arms. GPP is not like alot of MLM where my money depends on my downline. I get paid regardless of if someone joins under me or not. If you don’t want to join..that’s fine, like Luc said find another avenue. I would much rather be on the side of the fence where if GPP doesn’t pay, I can say..ok well I’m only out $40.00 than to be on the side of the fence with the people who saved $40.00 buck and GPP did pay out. People are complaining about $40.00 bucks…I bet they waste that every month on frivilous stuff. Scared money don’t make money.
GPP is not like alot of MLM… do you have a good example to show me of something similar (that has paid) with reference please???
I get paid regardless … is this a fact or what you think (or hope) cause back to the first question???
I would much rather be on the side of the fence where if GPP doesn’t pay, I can say..ok well I’m only out $40.00 than to be on the side of the fence with the people who saved $40.00 buck and GPP did pay out. People are complaining about $40.00 bucks…I bet they waste that every month on frivilous stuff… i totally agree with you
With respect!
P Mokédé
In case anyone doesn’t know yet, they changed their compensation a little. Now anyone who is under the age of 27 when the papers are signed will receive double, 110k euros. The MLM part stays the same.
They say the reason for this, when they started, they had know idea what the age group would be that signed up. Now that they are over 40% full and looking at the ages of those who already signed up, a much higher percentage are young ( people signing up their children mainly) and they say because the premiums will be much lower for those under 27 they can pay the extra amount.
Something to think about, If they actually payout, it may be well worth signing up your young relatives.
what is £24 quid?!
i’m under 27 and i’ve been signed up to gpp along with several of my mates!
my mum has a downline of fifty and we all have hope that this will work
after all……there are those that work, and those that haven’t, i would sure feel like a **** if i didn’t take advantage, and if it doesn’t work, well i’m glad i tried
it’s quite a bit of cash, but is a measly £24 really worth that much to you?
no guarantee, but it’s 50/50
I’ve looked at GPP an number of times and just can’t bring myself to part with €30 (~$40), even though it’s a small amount. Here’s why…
100,000 members * €30 = €3M …. 100,000 * €55K = €5.5B. Not to mention referral commission and now double payment for those under 27. Is it just me or is the descrepency a little wide to be real? Nice load if/when they run. And ppl will say, oh well, it was only €30. I spend more than that on a night out.
“Doubling” the so-called payout for those under 27 sounds like a tactic to get more young people to sign up. Young people are more willing to tell their friends, who will tell their friends, etc.
I’m sorry, but I just don’t by it. Color me cynical on this one. However, I do wish that everyone that joins does get their money this year. It would be quite an amazing feet to pay that windfall.
JMO,
Sharon
Edited to correct the currency symbol, per Luc’s post below. 3/16/07
It is just another tactic to close their membership faster, just like the buy one get one during December.
I wouldn’t even give it the 50/50 shot I read someone give it a few posts up, however, if it does really payout, that would be life changing to me.
Rich people say money is not the solution to all problems. Quite frankly, with the exception of health issues, it is the solution to 99% of most average people’s problems who live every month trying to make their paycheck cover the basic living expenses.
If I wasn’t worried about paying for housing, car, insurance, power & phone & food bills, maybe I’d have time to think of petty issues as real problems, LOL.
If by some slim chance this does pay, I, for one, will feel like I just won the lottery & the odds are much better of this paying out than of winning a lottery.
sharonsopinion, I won’t make any comment regarding your post but I just want to say that payments here are done in € (euros), not in £ (pounds). I say this cause there’s a big difference when you convert dollars in euros and in pounds.
You can go here for the currency rates: http://www.x-rates.com/calculator.html
HI Luc,
Thanks for the correction. When I first looked at them they were in dollars and the cost was $35. I’m not sure when they switched. I changed the comment when I looked at them right before submitting and I put in the wrong symbol. You’re right that it makes a big difference. That conversion calculator is really good. I’ve used it many times.
I was going to post right after you wrote the article, but decided against it. However, with so many posting the attitude of “it’s only a little bit, if they don’t pay”, I wanted to share my viewpoint, which is different. We’ll all know which viewpoint is correct when they hit 100,000 members. I hope mine is the wrong one and they do pay.
Thanks,
Sharon
Thnx Sharon, the point is that ppl become more aware of the risks involved before they decide to invest.
So your comments are always appreciated here!
Hoping it does pay out ……. BUT if it doesn’t WHO gets the money paid in? Where does the MONEY go to? That should be a question the company should answer. Airrick
This is not a MLM as the original post for GPP stated.. it’s a reverse pension plan. There are 4 now I know of. One should be paying in April, IF it does, all these others contract’s will be bought up like hotcakes for sure.
I am in PWW, and HCI25 - a small risk for a very large payout, so it’s worth it to me! PWW has a conference room where aspects of how it works, and why it’s real are discussed.
SOPHIE
i am looking to sign up myself and upto 50 others under pension world wide, but i do not understand how e-gold works!
can you give me, and those others on here, a brief introduction as to how it works
much appreciated
Omar, first of all, you have to create an e-gold account here: https://www.e-gold.com, just follow the process, it’s self-explanatory.
After you’ve been registered, you can fund your e-gold acct via an e-currency exchanger, you get the list in the e-gold directory link here: https://www.e-gold.com/unsecure/links.htm
Go to the Exchange Services section and choose the most suitable service for you. Personally, am using anygoldnow ( http://www.anygoldnow.com ) but there are many other good exchanger services. You have different funding options: Money Order, Wire Bank, Western Union,… Credit Card,… But not every e-currency exchangers accept ALL method of payments, so you have to read in each site their terms and conditions. The transfer take from few hours to few business days depending on your payment option.
Take your time to review the e-gold site and e-currency exchangers in order to get familiar with them.
If you still have some questions, feel free to ask.
I give again the e-gld link cause it didn’t work above: www.e-gold.com
Hope that help!
Luc, PWW only takes e-bullion of 1 MDC now - it was taking egold but switched.
HCI25 will still take egold, but payouts may be to an account - not egold.
The only exchanger I’ll use is www.thebullionexchange.com
Sophie,
Correct! I was just answering to omar about how to open an e-gold acct but am not sure if he knows he has to invest via e-bullion though.
But thnx for this precision!
I joined GPP a few weeks ago well prepared to lose my €30 if it doesn’t pay out.
My reasoning is this. Who on Earth is going to set up a long term scam to try and rob 100,000 people of €30 each, pay the associated costs along the way and walk away after a couple of years or more work with just €3 million? Believe me it would not be worth the hassle!
Be sensible, there are much, much better ways of making a lot more money in a much shorter time by setting up a truly sophisticted scam. Many have already done it and many more will do so in the future.
I really cannot understand the hysterical ravings of some of the contributirs to this thread! It’s quite simple………. if it’s not for you then don’t do it!
I’m not sure about the other programs, but for GPP, if you are a first time ebullion user (like I was) and used the bullion exchange (my favorite) to fund it, MAKE SURE YOU FUND THE “CURRENCY” PART OF EBULLION, not the “gold” part.
I didn’t know any better and just funded my brand new ebullion account & couldn’t understand why my payment wouldn’t go through. Maybe there’s a way, but when I figured out what the problem was, I also couldn’t figure out how to switch it from “gold” to “currency” within the ebullion site. I ended up going back through the bullion exchange and paying them again to sent it to egold. Lots of extra fees for $40 ( LOL, I’ve never tried to use ebullion since)
Anyone who normally only uses egold, I would highly reccommend funding your egold and using 1mdc. It was much less annoying. The only thing I would suggest with 1mdc, is to already have your email open or if your email is online, have it already open on another browser, before you start the transaction with 1mdc. ( they email a pin and don’t give much time to collect it and type it into their site)
2 years “work” for 3 million euros sounds like a pretty good scam to me!!
a question to all MLM and reverse pension planners, are there many other more secure schemes apart from GPP and PWW that you are aware of?
i don’t mind risking, i risk my life every time i take an action, even if it’s driving my car
and thanks to Luc for helping
I guess no one knows the answer to my question above? If it should not pay out where does the money go …. and who gets it? Is this a question that the program co-ordinators …. plan originators won’t answer? Its such a simple question! Airrick
Omar, There are 2 other open RPP’s that I know of,
http://hci25.com/flashes/intro.html
The other one I don’t have a link handy and can’t even remember the name right now, If you want to look at it, I can find you a link this weekend.
I’m not a member of either one right now, one thing, I tend to think of are copycat scammers who think what an easy way this is for them to make money. Both the one mentioned above and the link I put in allow multiable plans per person.
Airrick, If it doesn’t pay out I doubt anyone could truly know where the money went. What is said, the membership fee of 30 euros, pays for the operating expenses which include website costs, adminstration, office & legal fees. It also includes the banking solution which will include a debit card. I read a while back that they are processing each member as they sign up so they will have the basic paperwork ready and when they close and ask for ID they will just attach it to each members already completed paperwork.
It would depend on why is doesn’t pay, if they really are doing what they say than the membership fees are being spent as they come in. There are probably a lot of things that could go wrong.
If it was set up as a scam from the beginning, than they built the website, paid for hosting and can pretty much pocket a very large amount of cash as it comes in.
Omar, you’re very welcome!
I’ve heard about another High Yield LOAN Program called: Global Online Direct (not sure we are allowed to give a link but u can search on Google). I didn’t join this program and didn’t make any DD yet! I just review it from time to time.
This loan program is operating in the area of online Auctions with over 700 different auctions and flea market sites.
You can take the pick from the loan plan that suits you:
———
President Plan: $500 - $5,000. earning .125% every banking day
Diamond Plan: $5,000 - $10,000. earning .25% every banking day
Platinum Plan: $10,000 and more earning .50% every banking day
Each loan lasts 365 Days, then expires and you get your principal back. For example, on a $1,000 loan they pay 0.75% each and every business day. A $10,000 loan pays 1% per business day. At this rate, your money doubles about every 3.6 months.
———
I can’t tell you for sure if it’s reliable but I’ve heard many good things about this business. They started on the 3rd October 2005 and they are still paying as stated… so far so good!
Airrick, nobody can give you an exact answer to your question, I advise you to contact Global Pension support service: support@globalpensionplan.net and use your common sense.
BTW, the membership of Global Pension Plan has grown to 43,138 recently which represents an increase of 1,785 members since Monday last week. The target is 100,000 members and almost the half has been reached so far.
Thanks Luc and Lily for your thoughts.
You’re welcome Airrick!
Luc, Global online direct is no longer accepting loans, (formerly global online depository.com ) I believe that includes no new loans even from their current members. HYIPD has a thread with more info. You are right about them still paying (so far) although they certainly take their sweet time.
omar there is a program by the name of https://earnbyloaning.com/ebl/?ref=mrcarlhill that i think would be a a nice place to place your funds. EBL is a private lending program where THEY borrow money from you through a Loan contract. THEY are the very FIRST company of its kind that uses actual contracts to make your money the safest it has ever been on the internet. They have been on line for 406 days and have recently posted a interview with the owner on the site and can also be reach through skype and email. There is no magic pill, or, slight of hand tricks to this. It’s a very pure and simple process that some of the richest people in the world have done for over 100 years. There is only a small difference between you and those millionaires, and that is the fortitude to make the decision to make money and stick with your goal.
Funny you should mention EBL. I’m currently researching them and interviewing a long time member. I plan to contact the owners early next week to do both a review and an interview in here…. Jude style.
Thanks for bringing it up, Carl!
- Sharon
Thnx Lily for your information. I’m not sure but they’ve probably closed their door temporarily to new members and will re-open it later! I know that loan programs are doing this often.
Anyway, it’s good to watch this program closely as long as they are paying!
no prob Sharon. I’m pretty sure that u’ll find all the answers that your looking for
Very interesting posts - but can anyone here tell me how the gpp really works? If the 30€ are spent on administration, website…. where does the money they pay out come from?
thx
I would certainly me a waste of time for ALL the PROMOTERS of the GPP which in the THousands and of course loss of credibility and this matter being reported to the authorities ….now if it pays I will eat my thong …sorry I dont wear bra …
Someone has asked where the money comes from to pay out everyone. It’s quite simple really.
Click the following link for an explanation http://www.teaminvestments.com/gppme.pdf
No guarantees it’s going to work but at least you’ll understand the mechanism!
Hi everyone,
the main reason why GPP developed slowly (start May 2005) is that the offer is unknown to the general public. In former times (before the internet become a success) the rich worked with it only. It was a so called insider money making machine. When I bankrupted in ‘82 I went to a friend of mine who had a top level position in an insurance company to sign up a few contracts like GPP offers allowing me a restart on a much more comfortable basis. This is still no business for your agent right the corner.
But the Internet plus a minimized computertechnique combined with high sophisticated software changed the basics of investment. Look at the hyips. They offer an opening payment of $ 1.- Unbelievable low. Earlier they asked for $ 5,000,-minimum.
Back to GPP. A chinese factory owner gave it a shot. He poured in 10,000 workers after 5 month of negotiations. The fact that he contacted GPP and not the reverse, gives this program more legitimacy then ever before, in my opinion. Do you see the difference to all tiny minded people who want to to do business but are afraid of a loss of 30.- Euros. Hey guy’s leave this forum and others and spend your time and money at McDonald’s.
There are two additional facts counting. Finance analysts see the $ as a week currency (already for 50 years) in the next decade. To avoid losses the Investment branch switched the basic dollar to stronger currencies like British Pound, Swiss France and Euro. Secondly the investors parted the compensationplan due to the younger average age of members. This alone makes clear here are real human beings working, experienced persons with foresight.
Fritz :
You should Look up the Chinese Company who signed 10K people see for yourself if the company exist ….I have contacts in china , NO COMPANY .
The problem with folks is …belief is an interesting phenomena .
If this is for real ….what makes you think …The President of the Company
….will really give the employee the entire $55K EURO , I ASSURE YOU THE EMPLOYEE has to give a large portion pack to the President ….I know how the chinese think ….
I spend $2 per week on the lottery. That’s $104 per year. I’ve been playing for 12 years. That comes to $1,248.00.
Have I won the jackpot? NO!! Do I continue to play? YES!!
Why? I have HOPE. Do I expect to win the $70 million? No, but
wouldn’t it be nice.
I am in the GPP, and I’m glad I did it.
Will I kick myself and lose sleep if I lose my $40? No.
Will I kick myself and lose sleep over the loss of 55,000?
OH HELL YES!!
Double D
I’m agree with Double D and as the dicton said: “Take it! or Leave it!”
People who are not ready to spend $35 are not forced to join!
DoubleD / Luc :
I totally AGREE ..35 is nothing in bigger scheme of things , if you only paid for yourself OK ….imagine for the FOLKS who recruited THOUSANDS UPON THOUSANDS TO JOIN GPP ….will they kick themselves and lose sleep ? maybe ….. I know they wont have any friends ….this is whole diff. bowl of wax ….if you yourself bet fine …..
nevertheless …perhaps I should throw in my $35 just for th hell of it !!!
cheeers
Hi,
Stell,
the question is how good are your contacts in China. Possibly they were just unlucky with their efforts.
China is not well organized and of less transparacy in many matters.
I am wondering about your thoughts whether the workers will get the money. Why not? Who else cares?
This point of view does not touch the seriosity of GPP.
For better understanding, here is what really counts:
The insurance branch has one magic word: life insurance. Every single year again all companies are in a competition.
An increasing rate of life insurances p.a. brings more reputation for their presidents and put the company’s image on a higher level
Therefore GPP’s program was analyzed by a german competitor, one of the biggest players in this field worldwide. Afterwards they launched a similar program with higher targets (150,000 contracts) last December. And they want to make it quicker than GPP.
Everybody is allowed to purchase as many contracts as he wants. 30,000 contracts are already sold. Estimated program end is December 2007.
If you are interested feel free to use my referral-link http://www.pww4you.com?c=en&id=123680
Your pww4you program sounds good too but I wonder one thing:
The members of GPP are limited at 100,000 members and we are all seeing it takes time to reach this target. The target of pww4you is higher: 150,000 members with a higher fees ($50 instead of $35 in GPP) so how pww4you could make it quicker then GPP? Do they have a more agressive marketing system?
does anybody know what happens to the insurance after you get the money?
Did i get it right that the partners of gpp take over your contract? After the mortgaging someone has to pay it back - so who does this? If the trust partners have to pay back 120 000 $ but only get 24000$ - where is their advantage?
I just wonder if this program will leave any disadvantage for me as a member: won`t it be pretty negative if every member has an insurance with a mortgage of 120000$ against it? If those insurances carry your name, no bank would give you any money.
I would appreciate if anyone will help me with those thougts.
Hi phil,
I have solution for you. PWW4y offers online-conferences in english where everybody can ask questions for a better understanding of the program.
Tonight is a chance for doing so.
For international guests and members:
Monday 4pm EST / 21 GMT /22 MEZ
Wednesday 9pm EST / 2 GMT / 3 MEZ
Wednesday 11pm EST / 4 GMT / 5 MEZ
Thursday 4pm EST / 21 GMT /22 MEZ
Send me your e-mail address to email and I will send you the conference.exe file (357,5 KB) for installation at your desktop.
Hi Luc,
your right they are more aggressive. PWW has very strong downlinebuilders in its rows. The company support is really great and they offer online-conferences in several languages. The program itself is really agressive. Remember you are allowed to by as many contracts as you can pay for. And at least this is also important: for building a downline you earn commissions too. You will get $3.- for each person in your first line and $7.- for the people in your second line with monthly payout.
Thnx Fritz! Yes, I’ve read that the VIP-members got their downlines very fast. I’ll review this program regularly!
Why would the President of the Chinese Company not give the 55k to his employees? I’m sure he signed himself up first, so the rest fall into his downline. With over 10k in a downline at 2k each, the payout to each employee is peanuts compared to his referral money. They (the employees) also have to sign documents which will state that they are selling the mature value of the policy for payment now, how could an employer demand that money from them.
TIME-LINE FORECAST
Monday 2nd April 2007, 0900hours GMT
Member Count: 46,629
Members joining this week: 1,862
Members who joined last week: 1,864
We forecast the time to reach 100,000: 22 weeks (September)
Available ‘Compensation’: €2,935,405,000
Available ‘Loyalty Rewards’: € 1,280,904,000
‘Loyalty Rewards’ earned/accrued this week: € 44,688,000
30 EUR to join, 55000 EUR to gain!
To join the program, click here:
http://www.globalpensionplan.net/?id=Willer009
I understand that the 30 EUROs have to be paid immediately? That means that by the time they reach the 100,000 members they’ll have already received 3,000,000 EUROs in advance without delivering anything. Probably they’ll be gone with the wind as soon as they’ve reached the 100,000.
But even if they don’t, the financial risk you are running is much higher than only those 30 EUROs that you are thinking of. What’s even more serious is that those who signup will have to authorize them to borrow money on their personal insurance policy. The idea behind this system is that the loan will be used to pay off the premium and fees in advance, and the rest will be paid out to you.
Okay - I haven’t seen the contracts. MAYBE everything IS safe for you. I know that this system works, and that it can be done - theoretically…
But the big question is if they are really honest with you.
What if they don’t pay off the premium as promised?
What if they take all the money and run?
Then maybe it’s YOU who are liable for the insurance premium, depending on the contracts, plus eventual interest, and you are going to pay it off all the rest of your life without ever seeing a dime!
That doesn’t hold any water, first of all we are not authorizing a loan in our name, and probably most people in this program wouldn’t be approved for a unsecured loan of that size.
It’s an insurance policy so if the premiums were not paid the policy would be terminated. They are not paying monthly premiums, they are paying the total amount up front, we are just signing away our rights to the mature value of the policy for an upfront payout. If they don’t pay for the policy, the policy simply won’t exist.
Thank you for your post Lizl!!!
Exactly what i wanted to say. sounds more like long term con to me.
i can actually imagine that this is the idea of a small group students freshly coming out from university and with a lot of ambition. The fact that this is in Lichtenstein makes the whole thing even more suspicious.
Hi Lily,
well done. There is nothing more to say.
This conversation is very interesting but in order to avoid to scroll down this long thread, I’ve post a new topic so that you can continue here: http://hyipblog.nobshyip.net/2007/04/11/global-pension-plan-reverse-pension/
Don’t know if this has already been posted once, but here is a short explanation what it is all about:
The Pension Plan Mechanism
————————————
It’ all a question of timing and co-operation.
Once the 100,000 registered qualifying membership is assembled, the Insurance Company will issue 100,000 pensions, each worth 200,000 Euros and with a total value of 20 Billion Euros, to the registered qualifying members – those under 66 years of age. Practically, these will be issued to the Trust Partner on behalf of the 100K qualifying members, so that the Trust Partner can mortgage/raise a loan against these valuable pensions for 60% of their value, 12 Billion Euros. That is the big picture.
So your pension is worth 200,000 Euros. The Trust Partner raises 60% of its
value by mortgaging/borrowing against it, i.e. 120,000 Euros. By agreement with the Insurance Company, the Trust Partner is allowed to delay paying for the pension until the 60% mortgage/loan is raised against each pension. Having raised the mortgage/loan, the Trust Partners immediately pay the Insurance Company 41,000 Euros, the single and only pension premium for each Pension Plan – 4.1 Billion Euros.
120,000 Euros – 41,000 Euros leaves 79,000 Euros.
The Trust Partners then pay each qualifying member 55,000 Euros to purchase from them their pension plans. At this point, all benefits and liabilities, including the liability to repay the mortgage/loan, pass to the Trust Partners. The Trust Partners now own outright each qualifying member’s pension plan.
79,000 Euros – 55,000 Euros leaves 24,000 Euros.
Consider this as the marketing budget, to locate and sign up each qualifying
member. The Trust Partners decided that they wished to assemble the
membership via MLM/network marketing, as this would be faster and not involve them raising their own staffing levels, overheads, office accommodation, etc., for this one-off transaction.
So, having decided on MLM, they were able to offer a very generous 2,000 Euros Loyalty Reward for the sign up of each member, whether they qualify for the Pension Plan or just participate in the Loyalty Reward Scheme. The 24,000 Euros budget also enabled them to carry this through 12 levels of downline, to enable the marketer to create momentum in his or her downline and thus assemble the 100K membership as quickly as possible.
I am sorry that the above explanation is a bit long-winded, but it is very
important that you understand how clever and innovative this transaction is and how we can each benefit from it HUGELY, at 2,000 Euros per sign-up.
The £23 is just a membership registration fee, which presumably helps to fund the admin., including the software consultants who support the websites. I hope that this satisfies you and opens your eyes to the potential of this creative plan.
By the way, the Trust Partners receive 8 Billion Euros gross, over time, enabling them to repay the mortgages/loans with the funds from matured pensions. This is the remaining 40% of the 20 Billion Euros total value.
Even the disbursement bank wins by gaining 100K new accounts, some of which are substantially funded.
Everyone wins!
http://www.globalpensionplan.net/?id=Willer009
With a HYIP the scammers have to immediately pay out money in order to encourage new money into the system. With a reverse pension plan they dont and so just have to keep up the appearance of increasing the number of members, giving away free cars (HCI25) and can go on and take money in for a year or two easily.
Perception is reality - if they look like a legit business and have reasonable explanations of how the system works and appear to be growing - “The number of investors went up by 2000 last week.” Err, How do you know? You know someone changed a nubmer on a website but is it real? Or does it just look real? then they are perceived as being legit.
All it takes is an above average IQ and a computer and hey presto money starts coming in every day, 30 Euros at a time.
Why so little? How many of you would invest if it was 500 Euros per contract? It’s far easier to sell a contract for a smaller amount and bet that people are willing to risk that amount of money, rather than have to prove to people you are legit beyond all doubt in order to get them to hand over alarger sum of e-gold .
At the end of the program, wrapping up the paperwork for 100,000 people will take months, maybe a year - which is plenty of time to make the money collected disappear. And, also gain a new revenue stream . . . they’ll have access to personal information on 100,000 people.
If they ask you for your address, bank account number and copy of your passport will you give it to them? You wouldnt give it to a Nigerian con artist, but what makes you think you can trust anyone involved in running a reverse pension plan???
With this information a serious scammer can make far more than 30 Euros out of you.
Finally, does anyone really, honestly think that the insurance companies would allow this type of thing and not investigate it at all. No alarm bells will go off at having 100,000 insurance policies issued in a short period of time? They’ll happily pay up on 100,000 policies worth billions of Euros?
Hallo to all ivestors.
I am happy that a lot of people like to make money on a very simple way. To pay 30 or 35 Euros is really not a lot and even if the people who had the idea for globalpensionplan take the money and run away with it,- it is not a big loss because, each and every member knew his risk.
So I wonder why so many people are giving their bad comments to the programm? At the end of the day the join it anyway because, they are scared not to get a part of the big cake for only 30€ to 35€ as the risk.
From my point of view it is very simple:
€€. The people from GPP count exactly on this system, …can I affort not to give it a try for little money to make a more or less big deal?
I myself have only three ( 3 ) questions:
1. If the GPP people are specialists in ivestments the should aim to finish as soon as possible the programm because, their ” Billion-Dollar-Investor ” wants also his profit and why should he wait and loose every day thousands of Dollars of interest because GPP is unable to speed up and close with 50.000 members and re-do-it again right after with another 50.000. The second 50.000 will be done in no time subject to payment of the first 50.000. Am I right?
2. Why does not exist an attorney or a trustee who can be verfied. A person or a company,- even off-shore,- no problem just to give a good reputation. Also this would speed up the programm. Am I right?
3. GPP can inform the members to vote a “Speaker” for every 5.000 members makes 10 or 20 ” Speaker” who will inform the members correctly. Should not be a problem to let 10 or 20 people look into the dark of GPP. Am I right?
Kind regards
Bert
I myself have only three questions:
1. Why don´t they stop with 50.000 members and re-do-it immediatly again? The second 50.000 will be done in no time!!!
2.
I have joined GPP. The entry fee cost me less than a good night out which only gave me a headache the next morning. This probably is a scam but it is a good one, the people who thought it up have done their homework and produced a professional looking website, with a forum that needs regular contributions and monitoring with a moderator, which will have cost time and money to set up, so if they do run away with my joining fee at the end of the day, they will at least have had to work for it. On the other hand, if it is genuine, I will get an amazing return on my money for doing nothing. For all those saddo’s out there who are worrying themselves into finding catches or trying to put others off joining, get a life. This is a bit of fun. If you can’t afford to lose the money then don’t join. Look at it in comparison with gambling at the races. You put your money on a horse and spend a few minutes getting excited during the race then, when it is over you are either happy or determined to d