THE CURSE THAT IS “COMPOUNDING INTEREST”!
“Compounding Interest ” is ‘Money Gouging at its worst’!
I will outlaw it and thus put much less strain on your budget to pay for groceries, health care,, mortgage repayments and education of your families and put more money in your pocket and purse.
HOUSE MORTGAGES – will be repaid much sooner say fifteen years instead of thirty! That will mean you only repay the original sum of money of the loan and NO INTEREST CHARGES ON INTEREST ACCRUING ON THE LOAN. In other words you will not pay up to 300 Percent of the original loan amount but one hundred percent plus say up to seven percent interest only over the period of the loan period and SAVE HUNDREDS OF THOUSANDS OF DOLLARS NOT GOUGED FROM YOU AND YOUR FAMILY!.
Banks thrive on money gouged in Compounding Interest charges! I can hear the yells of alarm from Self Funded Retirees and Superannuants that they will lose out.
MONEY GOUGING IS NOT THE ANSWER to a happy retirement – NO- The answer to a happy retirement is not to worry about whether the government of the day will reduce your benefit or impose a new Tax – THE ANSWER IS A PROSPEROUS AUSTRALIA AND A PENSION FOR OUR ELDER CITIZENS THAT IS EQUAL T O THE MINIMUM WAGE OF AUSTRALIAN WORKERS!
That is one of the first priorities of “Australia New Era Party” – TO PUT MORE MONEY IN YOUR POCKET AND PURSE!
I can’t do it alone, JOIN NOW- PROSPERITY NOT AUSTERITY- YOUR CHOICE!
I hope you make the right one for a better future, Cheers Ray.