| By Casey Lim,
on 01-08-2007 07:51
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Published in : HYIP |
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)
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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.
Please carry on with the article.....
| To be part of this project you only have to pay an administration fee of €30, which even includes a complete Offshore Banking Solution. You can be no more than 66 years old to get the payout of $55,000, but there is no limit to how young you can be. But if you are older than 66 years you can still help new members into GPP and get Loyalty Program Bonus. Every family member can sign up for a policy, any nationality can join. |
Wow!! That means that they will collect €30 x 100,000 = €3,000,000 in cash collected by participating members. A lot of people are very skeptical about this and are saying that is will be a €3,000,000 scam.
| BUT CAN YOU REALLY SELL AN OLD AGE PENSION INSURANCE? In most parts of the world you can’t do that. But this is a special kind of old age pension insurance called Endowment Policy. It is very common in Great Britain and some other parts of the world. In those areas an Endowment policy is equal to other valuable documents as stocks, options and others and can be sold or pledged in the same way. In Great Britain there is a lot of Insurance Brookers that almost just works with this kind of policies, and these are even traded on the London Stock Exchange. (Please go to www.google.com and search for Endowment Policy). |
This point is true, there are veteran members in the HYIP forum that can vouch for this and they have been paid on offline pension program such as above but so far no one has provided proof that they were paid. And the members says that the entry fee is much higher something like $5,000 to register.
BUT WHERE DOES ALL THE MONEY COME FROM? SOMEONE HAS TO LOOSE! No, actually not!
THE FINANCIER, for sure, has to pay out a lot of funds for a while, but when the person who signed up for the policy becomes 67 years old, the financier will get paid $200,000. A profit of $80.000 for each policy and a total of $8 billion.
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Profit of 8 billion dollar [(200,000 – 120,000) x 100,000] for a 12 billion dollar investments by these financiers, that is about 66.6% compounded in gains at the average of 33 years (as written below)
THE MEMBERS will get $55,000 each plus that they will share the $2.4 billion of the Loyalty Program Bonus.
THE INSURANCE COMPANY will get an average of $41,000 for each policy, a total of $4.1 billion. Then their traders will have an average of 33 years to make the funds grow until they have to do the payout of $200,000 on each policy. In fact the funds will grow much more than that, and of course these Endowment Policies would not exist if the insurance company would not make any profit.
So no one will loose! This is just perfect business where ALL parties involved will make money!!
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On top of that there company has about $4.1 billion to trade and make $20billion in an average of 33 years.
BUT IS THERE NO RISK TO LOOSE YOUR MONEY? As with almost all business there is no guarantee that this project will succeed. So there is always a risk that you can loose your €30. The only ’consolation’ is that everybody else also does. Either will EVERYONE gain at least $55,000, or either will EVERYONE loose €30.
There is no other alternatives!
But the question you should ask yourself is: ”Can I afford NOT to be in it? Can I really resist the opportunity to, with great probability, gain at least $55,000 with a fee of just €30?”
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It’s a good bet don’t you think? Everything in the HYIP world is considered a scam. Every members whether actively involve or not are very skeptical about HYIP. Those that are active are very much aware that they are playing money they can afford to lose.
| BUT IS THIS REALLY TRUE, ISN´T IT JUST A SCAM? To get $55,000 for a fee of just €30 sure sounds too good to be true, but trading with Endowment Policies has been going on for many years. Similar projects have been successful before and paid out as promised. The financier in this project has experience from similar trading before, yet in a smaller scale. There are people with long business experience that has been following the progress of GPP for a while that think it looks very promising. Members have got very rapid help from the support, and the openness they have shown when there has been any trouble tells that the staff is both professional and serious. |
Again this has been vouch by some veteran members in the HYIP forum, some even says that they knew people who have been paid in offline plan such as above. Whether this is true or not, I don’t really know.
All I know that it is a bet….
| BUT ISN´T IT VERY COMPLICATED? No, absolutely not! If you are satisfied with the payout of $55,000 you don’t have to do any work at all, maybe take an hour to learn a little about how it works. But if you want to take advantage of the Loyalty Program Bonus, and in that way earn more money, you have to present GPP to others and that might take some time. But the reward of $2,000 for every new member in 12 levels makes it well worth the effort. The good thing is that you are helping yourself by helping others! And the more members that help us reach our goal of 100,000, the faster we will get our funds! Ask the person who told you about GPP to help you with the registration and show you how to go on. If you want to take a look on the site, just go to www.globalpensionplan.net where you can see how many members there are right now, and follow how the number is growing steady. |
Well, in summary this plan is pretty straight forward. €30 (~$40) for a potential gain of $55,000. Whether it is genuine or not, only time will tell.
Global Pension Plan has put a cut off date to achieve 100,000 which is end of August 2007.
At the point of this writing the count now is at 86100. So, it seems to be happening very soon. Thus, time will tell very very soon….
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