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More cash payouts for Silver Housing Bonus, Lease Buyback Scheme by ISD approved leeporter Tan Qiuyi on December 2012 1858 hrs but she will never hint the losses suffered by peasants when they sell their birdcage lease back to Housing Mafia
PEASANTPORE: The evil regime lackeys, for their dastardly deeds, will, must, should boil in hell, have announced more details of their scams to raise the cash payouts of two birdcage reverse lease mortage scam for elderly. It appears the regime is going after their lease because Little Jew Chan (Kee-Chiew) refused to help those peasants. In addition, there is a subtle hint in response to public feedback that further questions will be ignored and persistent dissenters will be invited to tea sessions organised by the ISD.
The latest changes to the scams known as Reverse Lease Mortage will see households having to put less of their birdcages' lease sale proceeds into Compelled Pension Fishtrap (CPF) accounts - a national pension scheme that doubles as a cash cow for Ho Jinx's punts using a complex series of financial trickery. While the old peasants will in return receive more cash, nobody has the gall to ask why the Housing Mafia is able to obtain steep discounts for the lease reverse mortage at old peasants' expense. This is another proof that Ruler Loong loves to punish the poor by taxing them using such scams.
Both scams target the low-income elderly that have a monthly household income of 3,000 peanuts or less. The baboon Tan Qiuyi however did not question why household having 3000 peanuts per month is considered 'low income'. These are tell tale proofs that inflation has forced many old peasants into dire financial straits and that Little Jew Chan (Kee Chiew) is folding his hands and doing nothing while old peasants reverse mortage their birdcage leases with Housing Mafia shouting 'fire sale'! Little Jew Chan (Kee Chiew) styles himself as a poor peasant made good but revealed himself as a Blackguard of the 1st Degree while happily watch old poor peasants sign those unfair contracts.
Many mouthpiece never report that elderly who opt for either the reverse lease mortage are forced to take deep discounts, this automatically translates to fat cat profits for Heartless Khaw's Housing Mafia.
While the scams offers a cash 'bonus' for those who sell their birdcage lease and move to a smaller birdcage, it is insufficient to cover the losses when they mortage the lease to Housing Mafia who insist on fat cat profit under the Asiatic Principle of '曾火打劫'. Cash strapped old peasants are forced to sign unfair contracts under financial duress where Housing Mafia purchase their leases, effectively their birdcages at fat cat discounts. Old peasants who outlived their payouts will be forced to beg Ruler Loong to get their 'savings' from Compelled Pension Fishtraps or told 'jump river' at Bedok.
The mouthpiece crowed with the announced reforms, the CPF top-up requirement will be reduced to 60,000 peanuts and the 20,000 peanuts bonus will also be given fully in cash but Housing Mafia stands to make more than the 20,000 peanuts with the steep discounts forced onto peasants.
However conscience pricked leeporter Tan Qiuyi, who pointed out peasant households were previously required to use all net sale proceeds from their pigeonholes to top up their pension fishtrap 'Retirement Accounts' up to the prevailing minimum sum as much as 278,000 peanuts per household. This means all households must contribute 278,000 peanuts for Ho Jinx's betting pot.
The regime will then use other tricks to force peasants to take part in a rigged annuities scams that see peasants parting with their principal or paying silly admin fees to enrich the regime.
The regime was forced to announce eligibility criteria for the scam have also been relaxed to include ex-private property owners and those peasants used more than one birdcage sham 'subsidy', amongst others. This cums after many Peasants Representatives reported many cash poor,asset rich peasants are hounding them in Meet the Peasants' Session and some lackeys proposed those peasants to be milked for financial gain using the 'Reverse Lease Mortage Scam'.
Applications for both scams will open on 1 February 2013 and meanwhile those old peasants who are in dire need of cash and cannot wait till 1st Feb 2013, must 'jump river' in Bedok.
Blackguard Minion Penang Laksa Khaw said: "KNNCCB, you know, I know, CPF monies lost by Ho Jinx's gambles overseas, so we must maintain the CPF Ponzi Scheme till Labour Party forms the new reformist regime after many full moons. Meanwhile, the state must have ultimate profits in any transaction with stupid peasants, so our blackheart scholars cum up with such a reverse mortage scam. I must still remind you, 'old peasants die, their children problems hor. If no children better, treasury takes their assets as free gifts, starting with Medisave. As long Ruler Loong happy with the profits, Ho Jinx can maintain her gambling expenses, I meet my KPI liao ok? Got erections, I not scared lor, just make some empty promises and still get erected? You not happy, so what, everyone call me pious Buddhist ok. You no understand, then go and retake your O Levels at any mission school ok?"
More cash payouts for Silver Housing Bonus, Lease Buyback Scheme by ISD approved leeporter Tan Qiuyi on December 2012 1858 hrs but she will never hint the losses suffered by peasants when they sell their birdcage lease back to Housing Mafia
PEASANTPORE: The evil regime lackeys, for their dastardly deeds, will, must, should boil in hell, have announced more details of their scams to raise the cash payouts of two birdcage reverse lease mortage scam for elderly. It appears the regime is going after their lease because Little Jew Chan (Kee-Chiew) refused to help those peasants. In addition, there is a subtle hint in response to public feedback that further questions will be ignored and persistent dissenters will be invited to tea sessions organised by the ISD.
The latest changes to the scams known as Reverse Lease Mortage will see households having to put less of their birdcages' lease sale proceeds into Compelled Pension Fishtrap (CPF) accounts - a national pension scheme that doubles as a cash cow for Ho Jinx's punts using a complex series of financial trickery. While the old peasants will in return receive more cash, nobody has the gall to ask why the Housing Mafia is able to obtain steep discounts for the lease reverse mortage at old peasants' expense. This is another proof that Ruler Loong loves to punish the poor by taxing them using such scams.
Both scams target the low-income elderly that have a monthly household income of 3,000 peanuts or less. The baboon Tan Qiuyi however did not question why household having 3000 peanuts per month is considered 'low income'. These are tell tale proofs that inflation has forced many old peasants into dire financial straits and that Little Jew Chan (Kee Chiew) is folding his hands and doing nothing while old peasants reverse mortage their birdcage leases with Housing Mafia shouting 'fire sale'! Little Jew Chan (Kee Chiew) styles himself as a poor peasant made good but revealed himself as a Blackguard of the 1st Degree while happily watch old poor peasants sign those unfair contracts.
Many mouthpiece never report that elderly who opt for either the reverse lease mortage are forced to take deep discounts, this automatically translates to fat cat profits for Heartless Khaw's Housing Mafia.
While the scams offers a cash 'bonus' for those who sell their birdcage lease and move to a smaller birdcage, it is insufficient to cover the losses when they mortage the lease to Housing Mafia who insist on fat cat profit under the Asiatic Principle of '曾火打劫'. Cash strapped old peasants are forced to sign unfair contracts under financial duress where Housing Mafia purchase their leases, effectively their birdcages at fat cat discounts. Old peasants who outlived their payouts will be forced to beg Ruler Loong to get their 'savings' from Compelled Pension Fishtraps or told 'jump river' at Bedok.
The mouthpiece crowed with the announced reforms, the CPF top-up requirement will be reduced to 60,000 peanuts and the 20,000 peanuts bonus will also be given fully in cash but Housing Mafia stands to make more than the 20,000 peanuts with the steep discounts forced onto peasants.
However conscience pricked leeporter Tan Qiuyi, who pointed out peasant households were previously required to use all net sale proceeds from their pigeonholes to top up their pension fishtrap 'Retirement Accounts' up to the prevailing minimum sum as much as 278,000 peanuts per household. This means all households must contribute 278,000 peanuts for Ho Jinx's betting pot.
The regime will then use other tricks to force peasants to take part in a rigged annuities scams that see peasants parting with their principal or paying silly admin fees to enrich the regime.
The regime was forced to announce eligibility criteria for the scam have also been relaxed to include ex-private property owners and those peasants used more than one birdcage sham 'subsidy', amongst others. This cums after many Peasants Representatives reported many cash poor,asset rich peasants are hounding them in Meet the Peasants' Session and some lackeys proposed those peasants to be milked for financial gain using the 'Reverse Lease Mortage Scam'.
Applications for both scams will open on 1 February 2013 and meanwhile those old peasants who are in dire need of cash and cannot wait till 1st Feb 2013, must 'jump river' in Bedok.
Blackguard Minion Penang Laksa Khaw said: "KNNCCB, you know, I know, CPF monies lost by Ho Jinx's gambles overseas, so we must maintain the CPF Ponzi Scheme till Labour Party forms the new reformist regime after many full moons. Meanwhile, the state must have ultimate profits in any transaction with stupid peasants, so our blackheart scholars cum up with such a reverse mortage scam. I must still remind you, 'old peasants die, their children problems hor. If no children better, treasury takes their assets as free gifts, starting with Medisave. As long Ruler Loong happy with the profits, Ho Jinx can maintain her gambling expenses, I meet my KPI liao ok? Got erections, I not scared lor, just make some empty promises and still get erected? You not happy, so what, everyone call me pious Buddhist ok. You no understand, then go and retake your O Levels at any mission school ok?"
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