About "Reverse Mortgage"........

[Ponce]

Because I don't have a family I decided to find out more about Reverse Mortgage and was given the info that I wanted, but there were a few points that I wanted to clarified........I ask them the following "Since 1913 the dollar has lost 93% of its value, if the dollar keeps loosing its value in the future will you increase my monthly cash income?", the guy told me that NO that I would get the same no matter what........he then added that I was the first person ever to ask that.

I then asked him "When the US goes into the new dollar how will I be paid?" and his answer was "We are getting a new dollar?" hahahahahahahahaha.

I then told him "No thanks, I'll be loosing money on this deal".

[Liquid]

.......he then added that I was the first person ever to ask that.

Hahaha, I would have loved to see the look on his face.

Great questions, Ponce...thanks for sharing the cheer!!

[Ponce]

I am only "sharing" their stupidity and not any cheer................. you must look behind the curtain to see the real answers.

[Liquid]

I am only "sharing" their stupidity and not any cheer................. you must look behind the curtain to see the real answers.


Whatever you say Ponce... ;D Cheers!

[Silver Rocket Bitches!]

I am only "sharing" their stupidity and not any cheer................. you must look behind the curtain to see the real answers.


Absolutely. Reverse mortgages are yet another way to knock the middle class down another notch.

Think about it - traditionally a family bought and paid off a house which was passed down to the next generation. That is a transfer of wealth.

Now, the greedy baby boomers are getting their equity paid to them before they die and all that will be left is a house note owned by the bank...

[Sock Puppy]

I looked into reverse mortgages for an elderly woman I was helping. The deals offered by the banks are awful.....or at least that is what I found.

After doing quite a bit of research, I found an insider who wrote about reverse mortgages who said that banks consider this a lucrative profit center, so they tend to cut a very good deal for themselves. Whether this is taking advantage of old folks is a value judgement, I guess. It sure looked & felt that way to me.

I think there are other ways to accomplish pretty much the same thing using other financial instruments with the end result being more money in the property owner's pocket.

I told my elderly friend to stay as far away as she could from reverse mortgages.

--SP

[Ponce]

Silver? my problem is that I don't have a "next generation", so why let other enjoy what I worked for?........right now my X will get it all I am happy to say.

[TheNocturnalEgyptian]

Good God, we need a currency that preserves purchasing power so badly : (

[Ponce]

We do Mr Egyptian............is called Gold.........and Silver.........of course.

[willie pete]

Silver? my problem is that I don't have a "next generation", so why let other enjoy what I worked for?........right now my X will get it all I am happy to say.


Damn Ponce...why you leavin' it all to your Ex? wasn't she a chupa-cabra? :D

[Hypertiger]

Gold and silver don't retain purchasing power.

They are commodities.

All commodities that are required by someone else can be bartered.

The only way Gold and Silver become money is by decree or fiat.

The top decrees what money is...you peasants don't...sorry.

You can't eat Gold...why would a farmer want or need it?

All money is decreed money...fiat...

The top says this is money...Or else...period end of story....

The easiest prey of the hunter gatherer is the farmer and the simplest plan is the protection scheme.

You Farmer are on the Land owned by the LORD of the land and will pay tribute to the LORD of 1 Gold coin a year...

Where do I get this GOLD coin?

You can take one short ton of grain to the grainery of the LORD and there you will be given a GOLD coin for it and then you can give the gold coin to the servant of the LORD...

What if I refuse?

Then the LORD will drive you from the Land that the LORD is the LORD of...

There you go an abundant supply of free food to power your wildest hopes and dreams...Lies and delusions...

22 And the LORD said, Behold! The man has become as one of Us, to know good and evil. And now, lest he put forth his hand and also take from the Tree of Life, and eat, and live forever,
23 The LORD sent him out of the garden of Eden to till the ground out of which he was taken.
24 And He drove the man out. And He lodged the cherubs at the east of the Garden of Eden, and the flaming sword whirling around to guard the way of the Tree of Life.

Well what is done with all that Food the tillers of the LORD's land give the LORD as Tribute?

It powers the Absolute capitalist Hierarchial food powered make work enterprise...

The city state...Or Civilization...the thing you popped into resistance within...the thing you are in right now.

The top made gold and silver money...the top invented and owns the monetary system and all the money in the system.

All the gold and silver is in circulation because you all need to pay the rent due to the top for rental of the money supply...with the cost to rent the money supply hidden in the price of everything.

The only escape is to run into the wilderness and avoid contact with the system...but then you will have a hard time attempting to brainwash each other within social networking sites on the Internet that the top owns as well.

You are all asleep dreaming you are awake.

[sirgonzo420]

Gold and silver don't retain purchasing power.

They are commodities.

All commodities that are required by someone else can be bartered.

The only way Gold and Silver become money is by decree or fiat.

The top decrees what money is...you peasants don't...sorry.

You can't eat Gold...why would a farmer want or need it?

All money is decreed money...fiat...

The top says this is money...Or else...period end of story....

The easiest prey of the hunter gatherer is the farmer and the simplest plan is the protection scheme.

You Farmer are on the Land owned by the LORD of the land and will pay tribute to the LORD of 1 Gold coin a year...

Where do I get this GOLD coin?

You can take one short ton of grain to the grainery of the LORD and there you will be given a GOLD coin for it and then you can give the gold coin to the servant of the LORD...

What if I refuse?

Then the LORD will drive you from the Land that the LORD is the LORD of...

There you go an abundant supply of free food to power your wildest hopes and dreams...Lies and delusions...

22 And the LORD said, Behold! The man has become as one of Us, to know good and evil. And now, lest he put forth his hand and also take from the Tree of Life, and eat, and live forever,
23 The LORD sent him out of the garden of Eden to till the ground out of which he was taken.
24 And He drove the man out. And He lodged the cherubs at the east of the Garden of Eden, and the flaming sword whirling around to guard the way of the Tree of Life.

Well what is done with all that Food the tillers of the LORD's land give the LORD as Tribute?

It powers the Absolute capitalist Hierarchial food powered make work enterprise...

The city state...Or Civilization...the thing you popped into resistance within...the thing you are in right now.

The top made gold and silver money...the top invented and owns the monetary system and all the money in the system.

All the gold and silver is in circulation because you all need to pay the rent due to the top for rental of the money supply...with the cost to rent the money supply hidden in the price of everything.

The only escape is to run into the wilderness and avoid contact with the system...but then you will have a hard time attempting to brainwash each other within social networking sites on the Internet that the top owns as well.

You are all asleep dreaming you are awake.



And what are you?

The Top?

:D

[Hypertiger]

A disturbance that causes you to almost awake before you fall back to sleep again.

These message boards are a very crude interface between individual awarenesses.

[sirgonzo420]

A disturbance that causes you to almost awake before you fall back to sleep again.

These message boards are a very crude interface between individual awarenesses.




haha good answer!

[zusn]

Silver? my problem is that I don't have a "next generation", so why let other enjoy what I worked for?........right now my X will get it all I am happy to say.
I'm available for adoption :)

[Ponce]

To start with I still love my X.........and besides........would you want everything that is yours go to the state when you die?

Zusn? if you are female, blond with long hair, blue eyes, smart as whip and leg's that reaches all the way to your shoulders we can then talk about it.........almost forgot........you must be at least 18.

The then.......the one that you call God are getting alone just fine and last night he allowed me to fly once again in my sleep.......but for a mate he has given me all that I want or need.........silver and gold are only my second back up for my back up plan.

On another note: Cleaning my home two days ago I found another 5 oz of gold that I forgot I had................yep, is a great live......those 5 oz will make up in part for the $140,000 that I forgave to this guy.

[Skirnir]

Gold and silver don't retain purchasing power.

They are commodities.

All commodities that are required by someone else can be bartered.

The only way Gold and Silver become money is by decree or fiat.

The top decrees what money is...you peasants don't...sorry.

You can't eat Gold...why would a farmer want or need it?

All money is decreed money...fiat...

The top says this is money...Or else...period end of story....


First, consider the criteria of money:
-stability of purchase power
-portability (for most transactions)
-divisibility
-fungibility

Both gold and silver meet these criteria, and thus they took on monetary qualities, aside from their myriad industrial applications. The second, third, and fourth criterion are physical properties; gold and silver are portable, divisible, and fungible. The first is met via observation of economic events throughout history. These are not decreed from 'the top'.

Second, as a corollary, everything is worth what the buyer will pay for it. If the seller will take gold and gold is offered, then there is a transaction and it may be said that the item purchased is worth that amount of gold. Likewise for silver.

[Fudup]

A disturbance that causes you to almost awake before you fall back to sleep again.

These message boards are a very crude interface between individual awarenesses.




I like this guy/person/tiger. Iron in those words.

The trouble is, once you wake up, your still in everyone else's dream. :-[

[Buster]

The only escape is to run into the wilderness and avoid contact with the system...but then you will have a hard time attempting to brainwash each other within social networking sites on the Internet that the top owns as well.

You are all asleep dreaming you are awake.



Perhaps I will cruise into the wilderness and avoid all contact with the system, but when I come back I may choose to trade some of the fiat paper in my pocket for my favorite store of value. Or maybe not. ;D

[Defender]

Because I don't have a family I decided to find out more about Reverse Mortgage and was given the info that I wanted, but there were a few points that I wanted to clarified........I ask them the following "Since 1913 the dollar has lost 93% of its value, if the dollar keeps loosing its value in the future will you increase my monthly cash income?", the guy told me that NO that I would get the same no matter what........he then added that I was the first person ever to ask that.

I then asked him "When the US goes into the new dollar how will I be paid?" and his answer was "We are getting a new dollar?" hahahahahahahahaha.

I then told him "No thanks, I'll be loosing money on this deal".

There are 3 options on how you get paid: monthly stipend, upfront balance payment, or a line of credit. Or some combination of those. How it's configured will determine how much you get.

Given your scenario, you might consider options 2 and/or 3, take the money and buy gold and/or more toilet paper and cans of tuna.

[Ash_Williams]

I think there are other ways to accomplish pretty much the same thing using other financial instruments with the end result being more money in the property owner's pocket.

I can think of some ways to do it but they involve the person having access to the money as a lump sum. The reverse mortgage may be popular simply 'cause the family knows grams will manage to spend a lump sum all on bingo or send it to pat robertson.

[Ponce]

Defender? I have all the gold and silver that I need or want.........there is need and then there is greed.

I really don't have to do anything with the house because money wise I am doing OK........I just want to feel that I can still enjoy what is mine while I am alive.

In the other hand...........I could tell them to placed me in the center of the house and then to burn it to the ground........I don't think that the fire department would like that very much.

For a hundred dollars a city inspector will come to my property to give me an OK to be buried here.......still thinking about it.

[MNeagle]

$100 is likely the cheapest burial plot you'll ever find! Though it may affect your lands' resale value!! :oo-->

[Sparky]

Defender? I have all the gold and silver that I need or want.........there is need and then there is greed.
...

Did you ever think about baffling the estate lawyers by naming 600 GSUS members in your will? 8)

[Ponce]

Very few would know that I am buried here, 60 feet down and encased in concrete with ebars and with a few documents.........50,000 from now when they find my body they will say ..........So this is the guy that came up with "If you don't hold it, you don't own it"...........but of course it will be said in Spanish with a Chinese twist hahahahahahaahaahahahahahaha.

I could leave 100 silver oz to every member here and make them happy........but, my X is better looking than you all heheheheheheheeh.

[Andy9999]

A disturbance that causes you to almost awake before you fall back to sleep again.

These message boards are a very crude interface between individual awarenesses.



Hypertiger
;D ;D :D

I really missed you
good post
bring them on