P E T E R / M A C K E O N I S 
TECHNOLOGIST,  SOCIAL COMMENTATOR and AUTHOR SINCE 1984
 
FACEBOOK LINKEDIN NOVELS & SHORT STORIES THE STREET WALL JOURNAL

 

 

 NO MONTHLY PAYMENT EQUITY LOANS
 
hard times loans
 
THIS PREDATORY 'HARD TIMES' PRODUCT IS AN EQUITY-RETURN BASED MORTGAGE 
that will probably strip millions of homeowners of their properties.
 
A case of "We take ours at the back end - and we give it to you in the rear end"
 
The lender's 'share of your home's equity' calculation is based on the amount borrowed as a percentage of your  home's value. The lenderI will appraise your property at below its value to adjust the loan's equity percentage  -  and then the equity is doubled.   So you would be selling your equity at under 50% on the dollar.  THEN over a 10 year period and regardless of whether the property appreciates OR depreciates the sum due grows on average between 10% -19.99% a year so whatever  - and the lender can force a sale if you cannot pay back the loan.
 
Here is a calculator by one of the lenders.  https://www.jgwentworth.com/home-equity-cashout-calcul
 
 
BELOW IS HOW THIS PREDATORY LENDING WORKS
 
EG. A 10-YEAR HOME EQUITY AGREEMENT
 
Example
The lender advancing $50,000 against a property worth $600,000 represents a 8.3% equity stake in the property
BUT
The lender's appraiser values your property at $500,000
 
SO
 
Tthe percentage of equity given up increases to 10%
 
AND
 
the loan contract doubles the equity stake as a buffer
And
 
Closing costs reduce the money you receive to $45,000
 
SO
The lender now owns a 20% equity stake of a $600,000 property for $50,000
In one year
 
If you are forced by econimic reasons to sell  the property
 
and it sells for $569,251
 
And
 
The lender will receive $65,995 for their $50,000 loan
 
and you would receive  $503,256
 
 
In 10 Years the loan has to be repaid
Now the property is worth $775,829
And
The lender has a 20%
If you sell
The lender reveives $141,060 for $45,000
a profit of $96,060
And
 
If You have no other mortages,
you would receive $634,769
 
IF you do not wish to sell
 
You will have to pay the lender $141,060
 
 
 SO, Why is this a bad deal for the home owner?
 
Because IN YEAR 10 The lender has to be paid back
and can force a sale OF YOUR PROPERTY unless you pay them back
 
And 
Mortgage rates are currently 7%,
and a profit of $91,060 is equal to an interest rate of 11%
 
 
QED
 
 
 
 
 

 
 
 
Been GOOGLIED  Lately?
 
 
Why AI should not be in browsers
 
 

Is it possible that GOOGLE have discovered that rendering its search engine less accurate increased the number of searches - and its income
 
There was a time not so long-ago when to GOOGLE a query meant to find a result that was fast and accurate. Now, thanks to possible 'search modifications,' we are all being GOOGLIED which is similar to the cricket term GOOGLY which means to pitch (bowl) in a strange way to confuse the batsman - well, now we are all batsmen if we use GOOGLE as it has become hopelessly inaccurate  - and makes more money for GOOGLE because advertisers pay for the pages that you have no use for but still view.
 
Welcome to the wonderful wacky world of being GOOGLIED!
 

 

Why AI should not be in browsers

 

Is AI Is More Dangerous Than the H-Bomb
As The Age of Reason gives way to The Age of Logic everything we have known or believed in is likely to become redundant?"

AI poses dangers including malicious use, such as generating malware, disinformation, and autonomous weapons; bias and discrimination from flawed training data; loss of control over advanced AIs and the potential for "rogue" systems to pursue flawed objectives organizational risks like accidental leaks or unsafe development practices; and existential risks, where superintelligent AI could pose a "nuclear-level catastrophe. "Additionally, concerns exist about privacy violations, the difficulty in understanding AI decision-making (the "black box" problem), and a potential reduction in human connection and empathy due to overreliance on AI.  
 

 

The Street Wall Journal image

 

Is Social Media's Status Understood
Everybody, except Washington, knows that Social Media companies are data-gathering influential publishers and that is because lobbyists are effective.

Their silent mantra is:
 
I know who you are because,
 
I know your birthday /  I know your birth place /  I know where you live / I know how you think / I hear to you speak /  I see your texts / I read your email /  I have your voice  /  I have your finger prints  /  I have your photographs
 
I know your telephone number /  I have your email address / I know your social security number /  I know your driving license number  / I know your passport number / I know your bank account number / I know your credit card numbers
 
I know where you work / I know where you shop /  I know what you eat /  I know where you eat  / I know what your pet eats / I know what you drive /  I know where you buy gas / I know what you collect / I know what you wear  /  I know where you vacation / I know your favorite color / I know what movies you watch / I know what TV you watch /  I know the music you like / I know the clubs you joined
 
I can be you / I can be your friend /  I can blackmail you / I can be your relative / I can steal your money /  I can turn your power off / I can close your bank account  /  I know how much money you owe
 
I AM SOCIAL MEDIA
 
 
and my big brother AI
 
 
is coming

 

 

Technology's Rat Wheel

 
The Street Wall Journal image

The publishers of the PC and Smartphone operating system have users - as none of us are owners of the software or the hardware - over a barrel   Whenever a technology company choses to update the current version of the program it simply forces the user to comply with a download. And every few years a new version of the operating system is released that needs the apps and other software on equipment to be updated and his results in the hardware to be bought anew.  It's a form of rat-wheel for users and it is past time that the FCC became involved.
 
 
 
 
 
 

 

Why AI should not be in browsers

 

Is AI Is More Dangerous Than the H-Bomb
As The Age of Reason gives way to The Age of Logic everything we have known or believed in is likely to become redundant?"

AI poses dangers including malicious use, such as generating malware, disinformation, and autonomous weapons; bias and discrimination from flawed training data; loss of control over advanced AIs and the potential for "rogue" systems to pursue flawed objectives organizational risks like accidental leaks or unsafe development practices; and existential risks, where superintelligent AI could pose a "nuclear-level catastrophe. "Additionally, concerns exist about privacy violations, the difficulty in understanding AI decision-making (the "black box" problem), and a potential reduction in human connection and empathy due to overreliance on AI.  
 

 

The Street Wall Journal image

 

Is Social Media's Status Understood
Everybody, except Washington, knows that Social Media companies are data-gathering influential publishers and that is because lobbyists are effective.

Their silent mantra is:
 
I know who you are because,
 
I know your birthday /  I know your birth place /  I know where you live / I know how you think / I hear to you speak /  I see your texts / I read your email /  I have your voice  /  I have your finger prints  /  I have your photographs
 
I know your telephone number /  I have your email address / I know your social security number /  I know your driving license number  / I know your passport number / I know your bank account number / I know your credit card numbers
 
I know where you work / I know where you shop /  I know what you eat /  I know where you eat  / I know what your pet eats / I know what you drive /  I know where you buy gas / I know what you collect / I know what you wear  /  I know where you vacation / I know your favorite color / I know what movies you watch / I know what TV you watch /  I know the music you like / I know the clubs you joined
 
I can be you / I can be your friend /  I can blackmail you / I can be your relative / I can steal your money /  I can turn your power off / I can close your bank account  /  I know how much money you owe
 
I AM SOCIAL MEDIA
 
 
and my big brother AI
 
 
is coming

 

 

Technology's Rat Wheel

 
The Street Wall Journal image

The publishers of the PC and Smartphone operating system have users - as none of us are owners of the software or the hardware - over a barrel   Whenever a technology company choses to update the current version of the program it simply forces the user to comply with a download. And every few years a new version of the operating system is released that needs the apps and other software on equipment to be updated and his results in the hardware to be bought anew.  It's a form of rat-wheel for users and it is past time that the FCC became involved.

 


 

 
 

 

PETER MACKEONIS
 
Technologist / Creator /Auhor
 
Are You Looking For a Mentor? Here are just some of the milestones in my 40-year career
 
During the 1980's I was one of the UK's most successful independent software cross-licenser.
 
1992: I created the Electro-guides in Blue to create disk-based trade show guides for events that included CES and COMDEX .
 
1993: my Silicon Valley novel-on-diskette, 'High Tech, Low Morals,' was serialized by the San Jose Mercury News and is still an exhibit in Silicon Valley's Computer Museum.
 
1994/99: I co-developed a multi-million dollar subscription site with one of Los Angeles best known publishers.
 
1999: I created and sold one of the first internet subscription-based consumer sites to NBC’s women.com.
 
2005: I went low-tech when he set up Santa Cruz Holistics the Hollywood celebrity gift bag promotional company.
 
2007: I was a guest speaker at San Francisco's Online Market World on the issues of spam in marketing.
 
2012: I created and still run the Art Wall Company the London-based Out of-Home and Internet advertising partnership for international charities and fortune 500 corporations.
 
2019/21: During COVID I wrote the Silicon Valley political thriller ANNA'S GAME and its sequel A CALIFORNIA COUP
 
2024: I became the publisher of the Street Wall Journal the online news and views magazine.
 
2025: I started funding the Oregon-based Infinite Possibilities, the revolutionary AI browser for launch early 2026.
 
Message me if I can help your development.

 

 

 
Contact peter@mackeonis.com
 
WhatsApp +1. 831.840.3729
 
  
 
  
 
FACEBOOK LINKEDIN NOVELS & SHORT STORIES THE STREET WALL JOURNAL