Thread: take gins for exmple

Originally Posted by Chester

I’m of the impression that legit PPS’s exist. As an example, isn’t that United Nations program that PIPS was invested in a PPS? Or is that something entirely different?

HUH??

Originally Posted by Chester

I’m of the impression that legit PPS’s exist. As an example, isn’t that United Nations program that PIPS was invested in a PPS? Or is that something entirely different?

A legal pyramid scheme!?!

I think it's something different!

All I can say, and am allowed to say as an investor w/ Gins, is that all the information you have is suspect in the least...

I love how everyone is always willing to jump all over things they know very little about...

And as for the PPP's... I personally know 3 people who invest in them on a regular basis through private programs and have been paid multiple times over the years... and never have they been scammed in the programs they are associated w/... I am working diligently to get to the minimums required to allow entry...

So much for that theory...

/shred

PPP:s exist !!

The have been in west europan banks fore more than 100 years..

But the big buissiness starting after world war 2,but no bankir in the world will say that the are existing.. And why not ?? Thats the big mystery !!

But the exist !!

Tiiger

PPP's are just bank investment vehicles, that they let individuals with $10 to $100k invest in --- this is basically what GINS and many other programs try to do -- gather enough money from individual investors to be able to join a PPP.

The problem with GINS is they never invested in any PPP and kept paying out money from the money they were taking in from investors.This caused money to be missing from the investment pool and they came up short when the tabulation was done.

PIPS on the other hand, had money in PPP, and investors investing in the market as well -- this is why they were able to pay out more than was taken in.If PIPS was working the way GINS was, then the investigation by BNM would have taken a couple weeks -- but as most of the reporting so far claims they just suspect that something is not right and did not yet find anything to prove this, so they were giving the more senior investigator a go at it to see if he could find anything before they turn it over to the prosecutors.

Anyway PPP's are viable vehicles used by banks to make money -- you can usually only get into them by invitation, and with a very large sum of money. The banks will also if asked claim that there is no such thing -- but if you put $500k or more in the same bank -- you might all of a sudden get an invitation to join the PPP -- the reason they do this is because they retain a large amount of the returns for themselves, and they cannot just take your money and invest it in a PPP -- they have to have your permission to do so. Oh, by the way you would also have to sign a non-disclosure agreement if you get invited into a PPP, so you would not be able to go around proving to everyone that you are in this PPP.

Thanks you shredder, tiiger and weseeall,

I can acertain that PPPs definitely exist and work very well too...the only problem is that there are a lot of scammers around that pretend to represent PPPs and scam people out of funds when they cannot deliver...So every 9 out of 10 PPPs out there are seen as scams...
Mostly the minimum required is $1M to participate but even this needs to be pooled together with other $Millions in the end...so they prefer to start with $100M+

But as my learned friend has just explained because PPPs all request for a sgned NCND Agreement from the investor, it does mean that the investor never gets to go to the media or the internet to confirm that he is being paid...

How do you all think that Citi bank, HSBC and other large banks get to make profits of $10+ Billion per year for their shareholders??

my 2% worth

spongebob

Originally Posted by way2go

Was PIPS investing in PPS?

Yes, as I recall, Pips was reportedly investing in PPP's. This was discussed on the old Pips forum. And that was part of the reason there had to be a humanitarian component, because many PPPs require that.

Weseeall.....I'm curious....you said Pips paid out more than it took in.....where did you come up with that? For one thing, none of us had access to those numbers except Bryan... Also, Pips essentially stopped paying in Dec. of '04 except for a very tiny trickle here and there up until around March of '05, but people were investing clear up until the investigation shut everything down in August of '05. It seems likely far more went into Pips than was ever paid out, especially since many people were letting their accounts grow for quite some time rather than withdrawing after they put money in. And the big question is, where is all that money? Hence, part of the reason for the investigation.....