Well, it's been over a month since I last updated my site. I continued with my project since I last left of before my casino escapade kicked in.
Apart from juggling with my day job, I had to complete my part time project. It was not easy and it took a whole lot of my time to do it.
So much so, that I did not concentrate on my portfolio. Three of my program has closed down or rather is facing some problems since I last updated my portfolio performance. I do hope that I will be able to do it either by end of today or tomorrow. But definitelyI I will need to update it by today.
Just to let you know the project that I am working on. It is actually a system and strategy to play this interesting game call HYIP. I hope to launch this pretty soon after I sort out some technical issues.
Then after that, I guess there will be many many more interesting escapade to share with everyone. Especially my casino escapade....
At long last, the membership has been closed for this program.
This program has said to be one of the most interesting Reverse Pension Plan online. The final months it has created a whole loads of discussion and debates as it climbs towards reaching the target of 100,000 members.
I myself has participated in this program last month as I had some e-Bullion and I did not know what to do with it.....
It was interesting to note that while those who has given their money to join supported this program in popular HYIP forums, there were those who was clearly mentioning that this program is a clear cut scam.
It is if you think of it, that for €30, you will be able to make €55,000 in return.
The time for waiting to achieve the 100,000 members is over, now it is time to wait to see if the program will pay....
As I have said in one forum, this is either a smart financial plan/scheme or a smart financial scam.....
Even if they do pay, I believe we will be signing a Non Disclosure Agreement which would not allow us to mention anything with regards to this programs.
On top of that, you can count on programs like Early Pension Fund, Human Capital Insurance and all other Reverse Pension Plan program will start booming....
Oh and scammer will also ride on this type to see if they can make a quick buck from the success of online RPP....
But if it does NOT pay, life will go on for most members, and those referee would have a hard time from referrals that has sign up under them,
Other online RPP would take a hit... and might probably close down, scammers would return to their own ways creating normal standard HYIP programs....
Until GPP pays or don't pay, things in the online Reverse Pension Plan will be quiet for some time.
The HYIP realm can be very slow and dry. If you check out the forums, tt is either paid or not paid. Scam or not scam.
There are not many blogs out there that do a lot of good articles about news in the HYIP arena. I mean look at my blog…. It’s not really that informative… it’s just my personal experiences and there is nothing much to say about HYIP you know….
That is one of the reason why I am diverting my attention to other escapade. Even NoBSHYIP blog is moving to NoBSForex.
The founder is currently moving away from talking about HYIP because it has come to a point where it is very dry. WarnING people about scam also does not make much sense anymore because they will continue to ‘invest’ in HYIP no matter what people say whether it will be a scam or not.
People like me, I have been scammed but yet I am still involved in HYIP. If there is a chance to make some pocket allowance for the fun of it, why not try it.
One things for sure…. HYIP is not a way to financial freedom.
Once again, I take HYIP as an entertainment outlet. So far the entertainment with HYIP has taken a back sit as my new escapade seems to be more interesting….
I have not been involved with as many programs as before. My HYIP system seems to be holding up but I guess we shall see…. Like my roulette challenge, this is more of a silent challenge as HYIP will take longer to proof whether a system will work or not….
There was a post in the forum of talkgold.com who was doubtful. Understandable... and this is what he posted.
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Originally Posted by smashandgrab82
LOL this scam is so dumb!
Does anyone know what INFLATION is?
They claim that they will get 200.000 euro for every endowment in 30-40 years or so? and YOU will get 50-100K
but what is 200.000 euro worth in 30-40 years?
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So I went about doing so research on whether the business model from the insurance company is workable.
As dumb as this plan looks, it might be possible. If you read the brochure of GPP or from my previous post Global Pension Plan (Part 2)
It says
--------------------------- A summary of the costs for the financier looks like this: Average cost for one policy: $41.000 (x 100.000 = $4.1 billion)
Payout to each member: $55.000 (x 100.000 = $5.5 billion)
Loyalty Program Bonus, $2.000 x 12 levels $ 24.000 ( x 100.000 = $2.4 billion)
TOTALLY: $120.000 (x 100.000 = $12 billion)
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This 4.1 billion is actually used by insurance company to trade or invest or do whatever it maybe....
Below is an article which I have extracted from GPP’s brochure to explain how this works.
GLOBAL PENSION PLAN (GPP) is a project where a wealthy financier plans to invest $12 billion in old age pension insurances. Therefore GPP is looking for 100,000 persons that will sign up for one policy each while the financier covers the cost of an average of $41,000. The stipulation is that the financier then can buy the policy back for $120,000. As a member you will then get $55,000. GPP even offers a second income opportunity if you help new members into this project. A Loyalty Program Bonus will be paid with $2.000 for every new member, 12 levels deep. Please notice that there is no requirement to bring in new members. All payouts will be made after that GPP has reached the target of 100,000 members.
A summary of the costs for the financier looks like this:
Average cost for one policy: $41.000 (x 100.000 = $4.1 billion)
Payout to each member: $55.000 (x 100.000 = $5.5 billion)
Loyalty Program Bonus, $2.000 x 12 levels $ 24.000 ( x 100.000 = $2.4 billion) TOTALLY: $120.000 (x 100.000 = $12 billion)
Now this is very hard to believe, $12 billion in total. Where does someone get these sort of money to the members. This is like a too good to be true program.
Even though there are some issues about not being able to access the site to Online Capital and also some withdrawal issue, I dared myself to take the plunge.
Stupid or smart?? I don't know, only time will tell if my theory is correct....
As for Minvestment, not much of an issue, so it could be a safe bet.....
HYIP 
