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Puerto Vallarta News NetworkVallarta Living | Veteran Affairs | January 2009 

Income Verification Reports Precaution
email this pageprint this pageemail usDavid Lord - PVNN


You can contact David Lord on his cell: 044 (322) 102-0193, or by email at david.lord(at)yahoo.com.
A phone call this morning was from a young lady that speaks a little English, who called to thank me for her Mother and the efforts I put into reinstating a death pension check. Her funds were cut off because, even though she is the Widow of a U.S. Veteran she lives in Mexico, so, each year when filling out the VA's "Income Verification Report," she reported her income in Pesos instead of US Dollars.

The widow also filled in questions in sections that should not have been touched, reporting monies received from the V.A. in areas reserved for military income. The mistakes she made could have been avoided if she consulted with me before sending in the paperwork, as I got her the pension in the first place.

The V.A. then decided that this was additional income other than what they provided for her based on the filled in areas. Over six months later and after many driving trips to Las Varas (a hundred kilometers each way) to deliver and retrieve paperwork - it is finished.

What it took included phone calls, faxes and letters to my counterpart in the Military Order of the Purple Heart who was working full time at the St. Paul, Minnesota V.A. Regional Office. He literally carried the V.A. paperwork I had faxed to his office for this Widowed Mexican Women.

My communications with him allowed me to cut months off the process to reinstate benefits - but only by luck and my counterpart's dedication. The check has now been received, with six months of back pay, according to the phone call this morning, but it all could have been avoided.

Veterans or Dependents should make sure that these annual I.V.R.'s (income verification reports) for Pension checks are filled out in dollar amounts, not pesos amounts, and NEVER fill in all of the spaces. When in doubt, call me.

Devaluation by Inflation

We Veterans living in Mexico have a great advantage in viewing North America from here when it comes to events in the financial markets and the economy. Physical distance enables us to see the larger picture which our fellow veterans cannot see the forest for the trees.

The Debt Crisis is just beginning to unfold and we need to protect our incomes as the Government throws away tax dollars. Napoleon stated "Money has no motherland; financiers are without patriotism and without decency; their sole object is gain."

This is all too true today. America has been sold out by Americans working against the better interest of the tax payer. Decency once shared amongst citizens has given way to greed and frauds hidden in the markets and banks debt instruments.

We have, to date, committed 8.2 trillion paper dollars to bail outs for this crisis first generated in the consumer debt fiasco. I know a Trillion Dollar figure means little, what is a trillion dollars anyway, as it is not even in paper bank notes anymore, but computer electronic widgets?

Picture, if you can, a $1,000 dollar bill, (I have never seen one myself,) but, if I used thousand dollar bills to show you a Trillion, then $1,000.00 bills stacked one upon the other would reach 63 miles high. So the money committed (8.2 trillion) to be spent would then equal 8.2 times 63 (miles) - or around 280 miles up into space - if each thousand dollar note was placed upon the other. This stack of thousand dollar bills is 30 miles above the space stations orbit. Get the Picture, we are in real trouble folks!

Just six years ago, Ben Bernanke said: "Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or today, it's electronic equivalent) that allows it to produce as many U.S. dollars as it wishes, at essentially no cost. We conclude that, under a paper-money system, a determined government can always generate higher spending - and hence positive inflation. (Nov 21, 2002 AD)

The Government is now generating higher spending and hence positive inflation, but what does it mean? Hear what Nicolaus Copernicus said in 1525:

"Nations are not ruined by one act of violence, but gradually and in an almost imperceptible manner, by the depreciation of their circulating currency, through excessive quantity."

More recently, Peter DeGraaf had this to say, "In the history of civilization, there is not one country that escaped the destruction of its fiat currency (paper money), once monetary inflation became part of the process... Not one!"

Until next week, Be Smart and Be Safe.


David Lord has been a National Veterans Service Officer doing veteran's benefits in Mexico for over a decade. David is a combat veteran, wounded by gunshot in Viet Nam 1968 and is a retired Marine. The Veterans Administration has played a critical role in his life, by his having both medical and compensation benefits. He uses his personal experience in the claims process along with having legal and credentialed Accreditation by the Department of Veterans Affairs. His use of Congressional approved Veterans Organizations, to steer veterans and dependants through the maze of regulations and entitlements due them from military service is outstanding. For more information, email him at david.lord(at)yahoo.com.

Click HERE for more Veteran Affairs with David Lord »»»



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