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Global Pension Plan - [Reverse Pension]
Private ProgramsTags: Global Pension Plan, GPP, Reverse Pension Plan, RPP.
This venture is run by the Trust Partner and through a trust (Anstalt) 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.
GPP has one of the most unique and impressive plan I’ve ever read so far! Even if this program could be classified 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!
This program can close before September, especially with the news that those under 27 years of age will now receive double the original compensation. The member must be under 67 years old when he/she signs the documents once the program has been closed. So, if someone turns 67 before the documents are signed, unfortunately they will not qualify for the €55,000 Compensation.
On the 2nd of April, the GPP membership has almost reached the 50% mark (46,629 members).
Nobsnetwork Forum Global Pension Plan thread
Popularity: 18% [?]
Hi Luc,
As I read through the entire other thread about GPP, it looks like someone is not only risking 30 Euros, they are also risking their personal information. I don’t mind sending my picture, name, address and signature for banking purposes, but aren’t they requiring more than that?
Also, I think that there are more questions than asking if someone is willing to risk 30 Euros for the opportunity. Looking at it from the flip side, one should also ask about what GPP will gain if they either just abscond with the 3,000,000 Euros and/or abscond with the proceeds from the insurance plans. How much per plan are they making? Is there a chance that customers will be financially or legally responsible for anything? When a customer passes away, will their heirs be financially or legally responsible for anything? (I hate to be morbid, but we are talking about life insurance.) How will the life insurance know when someone passes? Why doesn’t the life insurance consider this scheme to be fraudulent? If at anytime the life insurance company decides it is fraud, will they only persecute GPP or will they also go after all 100,000 customers? (I worked in the Health Insurance industry for over 20 years and know that something like this would have been flagged for fraud investigation at my company.)
Sorry to disagree with you, but it’s good to look at both sides of issues before someone makes a decision. It is possible that some or all of my questions are irrelevant. However, they are what is keeping me from jumping on board.
JMO,
Sharon
always with the good reasoning youre like the the other one on the shoulder those are good questions lets see if there are good answers
GREAT QUESTIONS sharonopinion !
THE ONLY ONE THAT CAN ANSWER THAT WOULD BE Global Pension Plan
Its nice to see …someone is asking the HARD QUESTIONS , THAT NEEDS TO BE ANSWERED …this is for benefit of others . rather than looking at it in a rosy colored glasses …
…answers like “go away ” its not for you ” etc etc is simply BULLSHIT ANSWERS ….since this is no B.S. blog …..polyanna and herd mentality …is very dangerous …..FOR THOSE WHO RECRUITED THOUSANDS into this program ….if this program succeeds…good , IF IT FAILS ….a big cow dung in there faces …..THE LAST I LOOK THE WORLD IS NOT FLAT …. no one could give a definitive answers to HARD questions ….answers like “there is no guarantee” is anothere BULLSHIT answer ….NO ONE IS ASKING FOR GUARANTEE …JUST ASKING HARD QUESTIONS .
…THE RECRUITERS MENTALITY IS to BUILD A DOWNLINE , they forget the LEGAL CONSEQUENCES …yes … AGAIN THE DIE HARD optimist will say …its only 30 EURO ….correct so what ! one still has to ask the HARD questions …..
….My concern about this programs are they could ALL BE RELATED to each other ….
…Programs like ICC , HCI25 , GPP , PWW …… now ICC is now in a chaotic situation …..members are waiting to be paid ….they appear to have problems with several countries ( why did’nt they address this in the beginning ! ) or could this be a delay tactic ? …..the problem with OPTIMIST IS they dont want to ROCK the BOAT … THEY LIVE IN HOPE THAT “THIS PROGRAM COULD BE IT ” …IF NOT THEY MOVE ON TO THE NEXT HOPE again and again ….make no Mistake I have been there many times ….
Sorry FOLKS I call it as I see it …its called REALITY …..since this is a NO BS BLOG …
Tell me how they can generate $55 000 (or even $110 000) with only $35 and I’m in.
Yes I haven’t quite figured out the math myself. $35 -> $55,000…. = 170,000% return? (I did that off the top of my head, so it’s probably off somewhat)
I would love for someone to explain how the 170,000% is created out of thin air. The only people that have the power to create money out of thin air are bankers and governments.
$55,000 x 100,000 peeps = 5,500,000,000 which is $5.5B as in billion.
Yes, i agree with the last two posters, these are valid points. I would like to float another, people say o well its only $35 bucks think how good it would be if it works out! or you have to be in it to win it! The problem i see is, at the end of this “waiting” process is some group will have over 4Million USD ! AND a lot of personal information collected on over 100000 people just imagine the quality of their next scam. Think before you give bucks to people you don’t know. They could come back and take a lot more.
Hi, folks
everyone who is interested may download the conference software from the company server
http://www.hotconference.com/software/conference.php?id=20028782
conference room: PWW / passphraze: qwe1234
For international members and guests:
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
The conferencier answers questions abt both PWW & GPP. Don’t forget to ask your questions!!!
it would be nice if someone post the answers here or at nobs forum…:)
just the same questions keep me out…
there is a lot of time before september to get some answers and make a decision…
I joined this group in May of 2006, after being assurred by “Stella” my age was “NO PROBLEM”……I even wrote a note telling her my birth date is 7-11-1940…..her reply, “you are welcome to join the program”………now I learn that I will not collect any money other than referral bonuses, which I have none. I do intend to pursue this, and inform every jurisdiction that will listen about this blatant age discrimination, and false information. I would bet there are several others in my age group that will not be collecting, and joined without full disclosure of the terms. of course, I was never clear how you turn $35 into $55,000 anyway……..but, I sure would have liked to have the chance.
Sorry I couldn’t answer before cause Jude’s blog was down previously (for me at least, maybe a glitch!).
sharonsopinion, I never pretend to be right! this topic is for discussion purpose so your questions are not irrelevant. Again, ALL opinions are very welcome here!
The questions posted above by few members have been (patially) answered in the old topic but I think it’s better ppl follow the PWW & GPP conferences listed above by Fritz in order to get more informations. Thnx Fritz btw!
As soon as I get more infos, I’ll post them here too.
Well okay. Assuming that this principle of reverse pensions is correct then I will wait to see if this site pays out. If they do, then, no doubt they will start another round of reverse pensions and I will join it. Until I see them fulfilling their promises, in this round, they will not get a penny from me. The thing with scammers is that they tell you this is a once in a lifetime oppurtunity and if you dont spend now you will miss the boat. This is total BS. Sometimes it is wise to wait and watch.
I have just spent 45 minutes reading all the comments on this blog. As an active trader in the commodities market( which some claim also is a scam), I have noted the ebb and flow of positive and negative sentiment. It was very positive previously…the latest posts are very negative in sentiment( not character). This is the sign of a healthy market. To the skeptics..here is a question. Just because you don’t fully understand GPP and the rest of the reverse pension plans..does it follow that they are scams? Whenever,I humble myself to how little I really know about the commodities markets I attract wealth. When I let my ego pull me around like a bull with a ring in his nose, I fail. I don’t fool myself. I know I know very little about these programs. I am not in the ego business or in the convincing business. Personally, I don’t give a flip if you agree with anything I’ve said here or not. I have read and reread these websites thoroughly and there are way too many details disclosed for the pitiful sum asked for by these programs.
Hi ThinkandGrowRich8,
I really don’t know. That’s why I asked the questions. The skeptic in me thinks it is a fraud or a scam, but the catch is that there may be a loophole that GPP and others have found and those of us not in the life insurance business don’t know about. Personally, I know the least about life insurance out of all of the types of insurance. I just can’t believe that a life insurance company would allow a w/d of $55-110K or more from a prepaid premium. It just doesn’t make sense to me.
Also, why aren’t they buying the insurance along the way, instead of waiting until they hit the 100,000 member mark. If they are looking for a volume discount, I’d think that the insurance company would consider 10,000 a big enough chunk to make a deal. So, why not buy the premiums for ever 10K members? If they started paying the premiums, I’d bet they’d hit that 100,000 mark in a hurry!
There are just too many unanswered questions about how this actually works. The answers I’ve seen are just copies of what is on the GPP website. Does anyone work in the life insurance industry that could explain from the insurance company’s point of view?
JMO,
Sharon
How about this,
Gimme $100 now, and I’ll give you back $1,000,000.00 in 100 years. Providing that Im still alive and you’re still alive and dollars are still accepted…
Well? Anyone in?
Anyways, I have a couple of friends in the Insurance / Pre-Need / Pension business and simply put, something like this is just a big scam waiting to blow up in peoples faces. The way insurance companies work is that they take the money invested in the plans and invest them in long term money making ventures such as real estate and various businesses.
Think about college scholarship plans. You pay for it with a small monthly fee for 10-15 years, so that when your kid graduates high school, they will be able to go to college with part/full tuition paid by the insurance company. It’s not $35 at one time, but more like $35 per month for 10-15 years, granted that doesnt look like much but when the time comes, the pre-need company will pay for the college bills and so forth. They’re able to do this because years upon years of investments will have matured by then and on top of making a decent profit for themselves, they will be able to cover the terms of the original plan.
The same goes for Life Insurance and Pension. Taking into consideration that nothing happens to you outside your actual coverage, then you’ll be able to leave a hefty sum to those you leave behind. You pay for insurance like this over time, maybe a monthly premium and such, but not $35 for a one time fee.
Anyways, back to my previous offer..
Anyone willing to part with $100 for $1,000,000 a hundred years from now?
I’m willing to take $100 for $1,000,000,000.00, a hundred and one years, provided I’m still alive of course!
Well I heard the Conference call with matters
of PWW …related to GPP ……VERY INTESTING !!! …
There are clues …I have uncovered revealing information of which I will not
discuss in an OPEN FORUM …and I have verified and confirmed .
Hi Liz,
If you’re not willing to tell us the “clues” or better yet, the answers to the open questions, will you please share what you did to verify and confirm? That way others can do the same verification and confirming.
Thanks,
Sharon
Hey guys -
Just wondering where GPP’s ebullion account # is to pay up front, maybe
it’s just me but they say follow instruction on ebullion site, yeah fine, but
need their number. Do I have to ’sign up’ to find out their number, which
doesn’t make sense since the transaction ID should be entered first
according to the website layout.
Also - anyone figured out a way to convert gold to e-currency at
ebullion yet? I did the same thing as Lily, I didn’t know gold was
any different. I suppose I’ll just contact ebullion but any help
would be appreciated.
Thanks -
Oops never mind found their number on the sign-up - guess i was
a bit over-cautious there best of luck with this everyone!
Hi everyone,
my head is driving crazy. Under a new topic all the old questions which have been answered are back again.
This is outrageous. A few posters wrote in an epical manner abt “life insurance” saying they had read the website of GPP very well. Ooooch!
By the way a “life insurance” with monthly payments requires a health check. A missing question for a health check indicates the offer has nothing to do with a “life insurance”. Did they ask for it?
If you really want to check it out you need a referral-link
(http://www.globalpensionplan.net/?id=stormpiper). Possibly you have to agree to the terms before you are allowed to enter the website.
GPP is a trust and controls both: the insurance company and the bank. GPP itself works as an agent and will get benefits from both sides. What is their task? Collecting 100,000 living persons signing a registration fee. Not more! When this job is done a verification period starts. I recommend everybody to have their profile updated at that time. Afterwards they’ll send you the policy for signing and the
assignment for the benefit of investor who will undertake the onetime payment for you and pay you the selling price of 55,000 Euros. At this moment we will learn who is behind the action.
GPP offers a pension plan/capital-(life) insurance putting the accent on “capital” with onetime payment. This is an investment.
Being incepted the policy needs the name of a living person, a downpayment upfront and a final date (mostly age of 67). If these three conditions are fullfilled the holder of the policy can start working with it meaning he can start earning money.
A possible death of the person named on the issuing data sheet does not touch the living time of the policy in any case.
The bigger the time gap is between issuing date and final date the more money the policy is earning for its holder.
And how do they earn money? Private persons nothing as they don’t know how or b) not interested in.
Professionals give it into a bank for security reason and take out a loan of approximately 60%-80%. They reinvest this money eg. in Forex-Trade where daily earnings (sometimes hourly) of up to 50% are normal not to say common and sometimes much more.
50% hourly in Forex? Or even daily? LOL - you are a joker Fritz!
Hi Machenka,
go back to school! LOL
HI Fritz,
I happen to agree with Machenka. Besides the unrealistic Forex ROI, my questions remained unanswered. I’m sorry, but your response seems like a lot of double-talk and impressive words, but doesn’t really explain anything at all. It just makes me think that this is a scam even more than before.
JMO,
Sharon
Well, I tried to keep you informed with clear infos about GPP and learned its a hard job. My time is limited and I’m not a teacher that’s why I’m leaving.
There is one thing left. My last Forex trade took 70 minutes and ended with a profit of 3.72 percent. Working with a leverage of 5 my total profit was 18.6 percent. I’m not allowed to use a higher leverage as banks can do. They can work with a leverage of 17. Do the maths! Good bye!
Here’s what I understand …I welcome correction please .
1.Signed up fee
2.Sign-off with ALL rights and previliges of the Policy …reserving
a piece of the PIE for YOURSELF .
3. Policy is held …as a security for the Loan …..
By the way this papers have value .
AND also …Fritz you are correct with TRADING POSITIONS ….it is possible .
althought I still have some questions ?
I was introduced to GPP by a friend of mine who has been in MLM for many years, he helped establish Forever Living Products in the UK, among his other achievements.
He was introduced by other big hitters among the UK MLM industry, and has himself signed up at least one solicitor and at least one accountant (mine!).
I am no financial expert but thought if my accountant plus these other big names are getting in then just maybe there is something in it, and for 30 Euros, or £23 in real money, it was worth a go.
Since joining, I have found 2 other similar plans out there.
Dynamic Wealth Plan - http://www.dynamicwealthplan.com/
and
Excel Prestige International’s Worldwide Pension Plan - http://www.excelprestige.com
Maybe they are scams, maybe not. I guess we will find out when the supposed pay days come around.
Well, those are a couple of new names on the block, I would be the first to admit this is the perfect breeding ground for the multitude of pond scum scammers out there. It would be real easy to set up a website, egold and member counter. Since nobody expects a fast return and the majority of the news the members will want is in the member counter.
To be honest though, if one of these ever did pay out as promised (even late) can you imagine the number of new ones that would pop up almost overnight. Worse than that there would be total diehard cheerleaders ready to kill anyone who dared question their favorite program. That could go on for years as in e65, waiting 7 years and many still believe wholeheartedly.
GPP will reach a milestone of 50 % full in the next day, still plenty of time to think about it, but if you are on the fence, keep an eye on it.
They reinvest this money eg. in Forex-Trade where daily earnings (sometimes hourly) of up to 50% are normal not to say common and sometimes much more.
At this rate, the trader will become more rich then bill gates within a year time. Come on Forbes show the new list of richest man in the world! His name is Fritz!!
I do like the way one of those listed above did a simplified explaination
“The figures and calculations involved in this program are more complex than illustrated below, but this is the simplified version.
Upon completion of the program (100,000 members achieved) each member will have a pension plan set up for them by our experts with a face value of $250,000 (this is the contract maturity value when the member reaches age 65).
A mortgage is then raised on each policy through our investment bank for 60% of the face value, a sum of $150,000.
The mortgage is used to pay for the $60,000 premium amount on the policy and give the member a $70,000 lump sum. This is your ‘Reverse Pension’ payout.
This then leaves $20,000 from each policy to cover members additional referal bonuses, any additional administration costs, the fees and bonuses payable to our financial experts and also our profit for putting the program together.
The pension policies are then sold on to another bank for a discounted sum of around $160,000. This money pays off the mortgage raised plus any interest or charges accrued.
The end result being:
The pension company sells 100,000 new policies.
The first Bank used sells 100,000 mortgages, has 100,000 new potential customers for other products, and returns a fast $10,000 profit on each policy.
The second Bank used buys 100,000 pension policies worth $250,000 for $160,000 each, realising a long term profit of $90,000 on every policy.
Excel Prestige International and our financial experts receive several thousand Dollars for each policy.
Members receive a $70,000 payout for their $40 enrolment charge plus an additional $2,000 for every other member they personally introduce to this program.
Everyone wins.”
Marco, I’ve checkout the other two similar ReversePP sites similar to GPP. I would be very cautious about putting money into dynamicwealthplan, it seems they have copied almost verbatim the contents of GPP, big red flag if you ask me.
Excel Prestige sounds more plausible. Just wondering how long they have been around and what their membership count is to date.
LOL Makila!
:D 
Anyway, i joined this out of curiosity - not putting to much faith in this, but the idea is interesting. I wouldnt advice people to join if you think profits are made by earning 50% in Forex in 1 hour consistently.
If this program is real, it shouldnt be neccesary to use the money we pay to invest with. It will be exciting to see what will happen when we hit 100.000 members.
/Machenka
I don’t want to criticize anybody but Fritz you have to admit your example is exaggerated, you cannot produce this ROI in the long term (and with Forex only) it would be too risky meaning NO guarantee for members to get their payouts. Makila is right, you would be one of the richest men of planet in NO time (maybe we’ll see your name in Forbes magazine).
GPP uses obviously different streams of income and something more secure.
Forbes magazine is for the ‘poorest’ of the rich.. the ‘real’ richest of the planet aren’t in Forbes, they’re not listed anywhere.. only the private bankers in Switzerland know their identities
But Fritz if you think you can make 50% gains like that all the time, I’ve got some property on the moon I’d like to sell you. It’s a really good deal.
GPP just hit their halfway mark. Just under 50,000 contracts remaining to be filled.
DD is necessary and helpful for weeding out the obvious scams but after all is said and done, we have only our gut instinct to guide us on whether or not to spin this wheel. BS answer? Nope. This is an ultimate truth in the HYIP world.
Opie999 :
How could you conduct an appropriate DUE DILIGENCE …if you lack information .? … as I said RECRUITERS THINK IN TERMS OF MEMBERS ,
IF IT FAILS …oh well NEXT ?
Instinct ? I am SURE YOU PARTICIPATED …. IN MANY SCAMS YOURSELF ?
…at this point of the game …instinct is NO LONGER A FACTOR ….facts and information …. you dont have that just another worm farm scam .
Just being a devils advocate … it is always good to have dose of REALITY .
cashking, I hope you were kidding! In Forbes you have the TOP 10 (the 10 richest men in the world) and you are saying that this magazine is for the “poorest” of the rich?…
The problem with the private bankers in Switzerland is that their accounts are kept secrets (even the government cannot check) am not sure they are fighting enough against money laundery.
But if you find an anonymous & “HONEST” person who has his money in a swiss bank and is richer then Bill Gates or Warren Buffet, just let me know!
Today, Abr.17/07 (00:00 hrs.GMT)
Members registered:
50.205 members
GlobalPension is growing quickly.
Is Reverse Pension Plan program most important online.
For more information, please visit my blog:
http://globapensionplan-tk.blogger.com
or my site:
http://www.globalpensionplan.tk
regards.
euken.-
LizL
My point about DD was that it certainly has it’s place and undeniably serves as an important tool in helping us make informed decisions. But no amount of DD, appropriate or otherwise (whatever that means), can guarantee against a loss of your money. Even if a particular program is 110% transparent, you’re putting your faith (using your instincts) in the skill and competency of the individuals running the show. I would offer NSFG and FXE as shining examples of programs that held great promise based on outstanding DD.
Ah, yes. Recruiting. Otherwise known as gathering referrals. Some would describe this activity in less flattering terms but everyone knows what we’re talking about. From your tone I can only surmise you are above such crass behavior. Good on ya’, Liz. I’m sure Mother Teresa would be very proud of you.
If by “PARTICIPATED …. IN MANY SCAMS” you mean to say I’ve been a victim of scams then yes, a few. Haven’t we all? I’ll give you the benefit of the doubt and assume you weren’t accusing me of knowingly promoting and participating in fraud.
Again, facts and information are great. They’re crucial, vital in fact. But our instincts, our intuition if you will, are *always* “a factor”. They are the ultimate factor. When faced with the choice between two equally transparent programs, instinct is our final and *deciding* factor. Ignore them at your own risk.
LOL! Liz, you make an excellent devil’s advocate! I agree reality is a most wonderful thing. I personally prefer it over fantasy.
Luc,
What I meant by the poorest of the rich in Forbes is that Forbes magazine lists the richest “known” people, not the “real” richest people.. do you know what I mean? In other words, Bill Gates, etc. are public figures, they pay taxes, yadda yadda.. but that doesn’t mean they are the richest, they are just the richest listed in that magazine.. they are definitely rich, but the real richest people on the planet are far richer than that, they go well into the hundreds of billions.. and their assets are structured in a way as to make it impossible for Forbes (or anyone else for that matter) to point their finger and say they have exactly this amount of money.. the richest of the earth control money through foundations and trusts, they don’t keep xx amount of billions in their checking account where everyone can see it.
So no, I wasn’t kidding. About money laundering, Switzerland doesn’t allow that.. your perception of them is completely wrong, their secrecy laws don’t apply to criminals.. if people have dirty money or are criminals, they immediately release the info to police, governments etc… so it’s not like you think… and by far many people, perhaps even people you voted into office in your country, have accounts there.. “honest” and “dishonest” are relative terms, but the point is there are millions of people with huge amounts of money stored there because it is a good place for banking, and some of those people have far larger amounts than what the people listed in Forbes have
Im in GPP. Also I thought “what the hell” and joined the excel program as well. I know its a risk but i spent more than that on a three legged donkey in the grand national last week!
http://www.excelprestige.com/index.php?refId=15
cashking, of course the private swiss bankers will not say - or admit - publicly that they are allowing money laundering. And nobody could know for sure (except the swiss bankers themselves) as long as they keep the banking informations strictly confidential.
What we know for sure is that the neo-nazis who’ve made fortune illegally had invested massively in the Swiss bank before they found their accounts frozen by swiss government (due to the pressure from the European Union). We also know for sure - after investigations - that Bin Laden and many other prominent dealers (in gun smuggling, drug trafficking,…) have invested in the Swiss Banks via a “screen”(or “smoked”) companies.
A TV report showed a guy (with a hidden camera) who invested a BIG sum of money in a swiss bank and he did it very easily without much controls.
Now the fight against money laundering is a priority for Switzerland (again due to European Union & International pressures). Switzerland has been accused to be too liberal. I don’t believe this country will stay a tax haven or a paradise for dealers any longer… Time is counted!
Luc,
Just like a drug dealer or terrorist can use “screen” companies to open bank accounts in the USA or any other country, it is possible in Switzerland too… people slip through the cracks all the time but I don’t think Switzerland is worse than any other place.. no bank is perfect, and the important part is that they shut down the account when/if they find that the person has illegal money deposited there.
The controls to open up an account there are the same if not more stringent than anywhere else. You need your passport, proof of residence, etc. just like anywhere else! So although things might have been more liberal in the past, it’s definitely not that way anymore due to international pressures as you said.
Swiss Bank should NOT be as secure as the other banks BUT much much more secure.
You’ve never asked yourself why so many rich people are investing in Swiss banks instead of the other banks?… because they have more advantages of course. In that case, Swiss Bank should have more strict rules or requirements mainly when people are investing HUGE sums of money.
OK! Back to the topic!
To all who have responded above, thanks for the info. It has been a pleasure reading you. My question is: Has anybody thought about organizing a lyncy mob, or some other form of justice procurement method, in the event that GPP does exploit our information? Of course we’re not worried about the small investment.
The same question could be asked about any HYIP, many of which abscond with very *large* sums.
GPP requires only proof that you are who claim to be. Any picture ID will do, i.e. a drivers license. Far more sensitive personal information can easily be harvested online for free or very low cost. It makes no logical sense to go to such absurd lengths merely to obtain your name, address, and ID#.
I think some of the older programs are genuine, but some of the newer ones are not, as the whole RPP scene is starting to look like the birth of HYIPs a few years ago..
GPP has grown to 51,934 which represent an increase of 1,934 members since last Monday.
This is the LATEST Forum NEWS FROM STELLA on 19 April 2007:
“Dear Members,
I wanted to take the opportunity to send you a brief thank you message for all your support, hard work, effort and determination in helping Global Pension Plan become the number one opportunity on the internet.
Due to the efforts of everyone, I’m delighted to announce that yesterday we passed the 50,000 member mark - a big milestone towards our ultimate goal of 100,000 members.
It has taken just two years to get 50,000 people on board - an average of 70 new members each day.
As our influence and opportunity spreads, we are experiencing quicker growth than ever before as signups are increasing at an almost exponential rate. Current signup rates are about 245 new members per day and it increases week by week.
We are fully expecting to reach our final goal by the end of the year. Current projections, based on the signup rate (and the rate of increase of the signup rate!), we predict that by early December the opportunity will be fulfilled and the payouts are due.
Everyone here at Global Pension Plan is dedicated to working towards your success. So once again, we would like to thank you for all your support and effort in the last two years
and lets look forward to a prosperous December.
Regards,
Stella & The Team”
So this program needs 48,066 more members (from the time of the writing of course).
I hope December is the last move up. First it was July, then September now December. Mostly hope it works. Certainly worth the extra time if it does.
4tune,
Unfortunately GPP cam only estimate the end date. It’s really up to us, the members.
There are more than 50,000 of us now. Just imagine if we each just signed up one more member, we’ll hit our goal THIS WEEK!!!
I’m agree with you Don, it’s up to us.
GPP is very conservative in its forecast so that nobody would be disappointed if they don’t reach the goal before this deadline.
Hi guys,
I haven’t yet joined GPP but plan to. Have been a broker for a short period myself I know which returns (and also losses *lol*) are possible. But I have to admit that RPP’s are a total new thing to me.
I have given some thought to the concerns which have been posted here, esp. regarding giving out all our personal data, ID and bank details and possible scammers (if they should turn out to be scammers) might exploit this data from 100k people.
Here is my $0.02:
1. We don’t give them any sensitive infos upfront except our basic data.
2. When day X comes and they send out the policies and contracts to sign and ask to verify our data etc. at this point we’ll see which parties, i.e. insurance company, bank, trust are actually involved and we’ll have a much better position to tell whether they are legit or not.
If it turns out to be a known international insurance company which I think should be (if they are legit) as the sums involved would barely be handled by a small local Joe company, then we won’t have a reason not to trust.
If however the parties involved should be unknown then I’m sure heaps of folks here would start digging deep the rabbit hole to find out more. (= real DD)
3. In addition to #2 the payout shall not occur when we don’t verify our data and everything is signed and sent back. I’m sure there will be “first movers” who will handle that all quickly and gladly report IF they got the payout or NOT.
Does it all make sense?
Regards
Mike
P.S. FRITZ, you seem to have some more in depth insight. Will there be more of those conference calls or would you be able to share more infos in private?
Just forgot to add… that when we see which parties are involved we can still decide NOT to proceed and send anything back.
Mike, the biggest problem with that is that all the paperwork on every menber has to be completed before any payouts start, I predict to will take much longer to do the paperwork than expected. Hopefully not as long as it took to fill the membership.
Lily,
If the payout depends on all 100,000 returning the paperwork, then we’re really SCREWED!
Some will have moved with no forwarding address, some will have died. A 100% response would be impossible.
Hmm…so basiclly you people will send your ids and personal info to theese people. They will borrow 120000euro in your name and supposedly buy pensioninsurence for 41000euro that will pay a lump sum of 200000euro whenever people retire at 67. Then sell theese policys for some weird high sum to a third part and pay back your loan.
This thing is stupid. What if everyone that signes up would be aged 66. Then theese policys would have to generate 41–>200k in just one year. Such policies doesnt exist…
They should also get another translater. Im Swedish and the swedish translation have a completly diffrent explenation about the whole thing. Its all about some billionare investers who needs people to set up theese endowment policies which he later will buy…
“Theres an idiot born every day”
Hi again you people bring up some very good points & I know that there is a conferance call on Tues.& Thurs.7:15 pacific& 10:15 Eastern this gentleman is a member not rep for GPP he has alot of knowledge & also will take questions.404-920-6656 pin8629217
I have a membership for my girl& her 14yr old son. So if it happens he will get 110,00Euro= $144,000 right now. that by itself is worth alot to me knowing that he can have choices in life & can buy a home & move out as we will not let him have that kind of cabbage in a lump sum without a good plan other wise it will be a staggerd trust fund. nobody gave most of us that kind of advantage. Sorry I got off the topic a bit at least I’m not raving about the Iraqi Dinar or the Dong that has me all worked up this year. I know another thread! Does anyone know more about ICC or IPP? IPP is on hold but the owners of the plan wants to close & pay with 5003 members?? or refund $$ if he can’t fullfil the plan I have 2 contracts with that one &32,000 for $32 wouldn’t that be sweet . If one of these would just payoff & prove themselves we know they’ve done these in Europe at a smaller scale & been successfull. MY TURN. THanks for puuting up we me BYE BYE DC
What I dont get is why you dont perform this process yourself if you belive it works. Buy a 41000euro endowmentpolicy and then sell it the next day on the open market for 120000euro.
This is probaly the most retarded scam I have ever come across.
@tjock and 3rik,
endowment policies are traded every day on the LSE. This kind of investment is not widely not known but very common in the UK. It’s the secondary market for insurance policies mostly unknown to normal people. They are traded like stocks.
This does not tell us at all IF GPP is a scam or not. It only explains that this form of investment exists.
If GPP is a scam or not is yet to be determined. It’s a sum of around $40 which everyone can decide whether he wants to risk or not.
@ Lily and DD
When the membership reaches 100k we will see whether it is a scam or not. If it’s not a scam we’ll see which insurance company and trusts are involved. At this point we still have the choice of NOT to send any private information back.
Regarding the amount of paperwork. A project of this scale can only be accomplished by a large insurance company which anyway issues tens of thousands (if not even much more) of different policies each and every year. I think a few months waiting time would be normal. Even if you have a regular policy you always have a notice period of 1-3 months and then you get the payout.
To add to this, let’s say it’s a known and reputable insurance company, wouldn’t it be worth to even wait 6 months or more in order to get EUR 55,000/110,000 for doing absolutely nothing?
If this turns out to be legit then the payout is the least concern, don’t you think?
And the payout will only occur - according to GPP - if the data provided at the registration matches the returned papers. So the responsibility is upon the members to keep their data up to date in the members area.
False/Inaccurate data = no policy = no payout
And if someone dies that person wouldn’t be able to send any paperwork back anyway, correct? No returned papers = no policy. When someone dies their ID’s become null and void.
No returned papers = no policy = no payout
No valid ID to verify = no policy = no payout
Does this equation make any sense?
This seems like some kind of charity event. Some kind of behind the scenes investor are supposed to buy all theese polisies for 12billion to get a 40% return in an average of 33 years. Compensating for inflation this guy will loose out on the deal. Maybe its Bill Gates doing handouts in a weird manner?
I have to admit that I have never traded theese endowment polisies (only work with stock and derivates), but theres no chance in hell that their value will just tripple over night. Why would anyone want to pay 120k for something that another person invested 41k in the day before when the basic fundamentals havnt changed? Its just retarded…
Time will tell!
This is the latest update:
******
Monday 30th April 2007
Member Count: 53,402
Members joining this week: 1,701
We forecast the time to reach 100,000: 21 weeks (September)
Available ‘Compensation’: €2,562,890,000
Available ‘Loyalty Rewards’: € 1,118,352,000
‘Loyalty Rewards’ earned/accrued this week: € 40,824,000
******
More updates coming later!
Good luck to all of you. I hope you realise that they say in plain text that they will mortage each and every one of your personal policys for 120k. LOL…thats money that YOU will personally owe the bank. 120k….
TAKE EXTREAME CAUTION WHEN YOU SEND PERSONAL INFO AND COPY OF ID TO THEESE PEOPLE!!!!!!!
Tjock, as DD said above only time will tell. But what do you bother to post here? If you don’t trust this program nobody force you to come here.
You can read latest update from Stella here: http://hyipblog.nobshyip.net/2007/04/30/global-pension-plan-latest-update/#comments
I was all set to join GPP when this problem with 1mdc arose. Again, in another forum I found a negative reaction from one of the most consistent promoters of GPP. He/She thinks that the deadline setting has killed all his hopes. To him, this is the beginning of excuses for non payment later. What is your opinion Luc? Also, as Tjock says, will we personally owe that HUGE amount?
Purna Maitra,
GPP doesn’t accept payment via 1mdc because of what happened recently in the e-currencies world but sounds like it’s a temporary situation and 1mdc will be back on track soon. This has nothing to do with the reliability of the program so you don’t have to worry.
Now I don’t know why the new deadline should kill all hopes to the GPP promoters? And in what it should be the beginning for non payment. Setting a deadline is a good idea, as when we have a definite goal to reach, we tend to put in more effort to get the job completed. And it’s highly possible to reach this goal in 4 little months: see the last increasing, more and more ppl are joining and it goes fast.
Anyway, we have only 4 little months left to judge if this program will pay.
Hmmmmm……
The projections to reach 100,000 is September 2007, and they set a deadline for August 2007.
Like I said…Hmmmm!
@tjock
Your concern is out of proportion.
No one will owe anything cause you will be asked to sign that you transfer all insurance benefits to a 3rd party, in other words SELL your policy, in return you shall be compensated.
As I mentioned already earlier IF it turns out to be legit and we hit 100k we’ll learn WHO will be behind ALL THIS. And still have enough time to do our DD, enough time and sense to decide what to do next, if we send anything signed back OR not.
So there is no need to panic now! There simply is no need to it. Period.
Quote:
“Good luck to all of you. I hope you realise that they say in plain text that they will mortage each and every one of your personal policys for 120k. LOL…thats money that YOU will personally owe the bank. 120k….
TAKE EXTREAME CAUTION WHEN YOU SEND PERSONAL INFO AND COPY OF ID TO THEESE PEOPLE!!!!!!!” - End Of Quote -
Now something else. What I find myself “suspicious” after joining are following points:
1. Suddenly we have a deadline
–> How can we be sure that 100k will ever be reached. Is this figure correct at all?
–> Who tells us GPP won’t tell us end of August that “unfortunately we didn’t reach our target of 100k” and thus no policies issued.
==> Since there is no refund, in such a case WHAT happens to the funds then??
2. The GPP Forum
–> The forum is almost non-existent. Why is everything blocked? Why are members not allowed to post anything? Where do GPP members post officially and ask their questions?
–> Evey phpBB forum has its members count at the very bottom set at default. Since everyone who joined GPP automatically is registered to the forum it would be very easy for us to verify the members count.
The members count display of the forum has been de-activated/removed on purpose. I wonder why?
3. The domain globalpensionplan.net
–> I found odd things in the domain registration which I cannot further pursue since digging deeper would cost me to subscribe since looking into the whois history is nowhere for free. You can see for yourself what I mean. Visit http://whois.domaintools.com/globalpensionplan.net
The whois info is protected which was no surprise for me. I hide all my data either when regging domains. But what I found odd are the points IP History and Whois History. The latter literally shocked me since there are a staggering 162 records since November 2005! What does that mean? It means that the registrant’s data has been changed 162 times in under 2 years. 162 different changes of owners of the domain? Not likely but then again who knows? The only way finding this out is by clicking on the 162 records link and you would be able to see ALL 162 whois records, likely most of them anonymous either but also possible that the original owners come up at the very beginning etc. The IP number has been changed 8 times which could be explained with server moves, though 8 times in under 2 years is also too many times in my humble opinion.
Here http://domain-history.domaintools.com/?q=globalpensionplan.net&page=results at least we can see the frequency the registrant’s data has been changed, dating back to Nov 20, 2005. I’ve never seen such pattern that every few days, in 2007 almost every day the registrant’s data has been changed in the whois. WTF?? This is a little more than suspicous.
To add to the topic of “endowment policies”…
…no bank or insurance company will wait until anyone turns 67 and then cash in!
The moment you sell your policy it will be traded many many times, over and over, generating revenue for them all the time and NOT in i.e. 30 years.
They will be used as a leverage for other high yield investments which in turn will bring them far more revenue than those “official” 80k or how much they would get IF they would wait until they expire.
I think if we knew how much yield they will approx. get we’d ask for a bigger share. I believe most would be shocked of the yields they can achieve when used such papers as leverage for other investments.
That’s only IF GPP is not a scam.
* Tell 100,000 people to throw in a “mere” 35 bucks in exchange of 55,000. Sounds like a good deal doesn’t it? Who would say no? After all it’s only 35 bucks.
* Total operating costs for the scam = very low
* Total paid out to the gullible participants = 0
* Total rake-in for the scammers = 3.5 Million
* Ingenuity of the scammers = priceless
For the life of me I can’t understand why people who truly believe this is a scam keep spending thier valuable time in this forum.
DD - I’ll answer your question, at least I can speak for myself - I hit this blog once a day or once every couple days, but when someone replies to any thread I posted in, I get an instant e-mail in my inbox alerting me to the fact, so I click on it. I scroll down and read the latest comment(s), then I might comment (or not), then close the site and move on back to work
As far as why we spend time on this site, it’s because Jude is running a fantastic blog here and a lot is discussed&reviewed here, scams and non-scams alike…
P.S. - when you get your 55,000, let me know as I have some property on the moon you might be interested in purchasing at bargain prices
DO I SENSE A LITTLE GREED AMONG US? “WE COULD GET A LARGER SHARE, ETC.” I THINK THAT EACH ONE OF US KNEW THE POSSIBILITY OF BEING SCAMMED WHEN WE SENT IN OUR $35 BUCKS. BUT LIKE MOST, WE GOT EXCITED OVER THE $55,000. NOW WE’RE HAVING SECOND THOUGHTS OR WE’RE TRYING TO FIGURE IT OUT OR JUST NIT PICKING IT. SOME OF US ARE JUST ENJOING THE DISCUSSION. AT ANY RATE, WE ALL FIGURED WHAT’S $35 BUCKS. WE THROW THAT AWAY ALL THE TIME ON SOME MEANINGLESS JUNK. SO WHY DON’T WE JUST GO BACK TO BEING EXCITED OVER THE PROSPECT OF A GOOD PROFIT ON OUR “INVESTMENT” AND QUIT WORRYING ABOUT IT. IF IT HAPPENS, GREAT. IF IT DOESN’T, WE’RE OUT OF $35 BUCKS AND SOME GUY(S) GOT OVER ON US. PROBABLY ISN’T THE FIRST TIME, PROBABLY WON’T BE THE LAST. YOU HAVE TO GIVE THEM CREDIT THOUGH FOR A PRETTY SMART IDEA. PERSONALLY, I THINK IT’S GONNA WORK. OH, ON ANOTHER SUBJECT (IF ALLOWED) DON’T BUY ANY GAS ON MAY THE 15, 2007 AND LETS SOCK IT TO THE GAS COMPANIES FOR OVER A BILLION DOLLARS. TALKING ABOUT GREED!
Oops, can the Admin pls delete my last post? I cannot edit it.
We are not supposed to talk about the payment methods… Thanks!
4tune,
Great idea about the gas boycot on the 15th. The oil companies won;t worry though. They know we’ll fill the tanks on the 16th and they’ve lost nothing.
Dont understand why people in the US are complaining about gasprices. Just like in the middleeast you people basiclly get free gas. You wont find gas below $7/gallon anywhere in Europe…
Yes, the gas prices in the US are ridiculous compared to the prices in Europe.
You guys should stop complaining, gather people and demand for “free energy”! If you don’t know what that is google it up. Free energy devices exist and existed for decades now. They are all hiding it from the public. If they wouldn’t do it, they would easily lose their power and their income which is based on exploiting a