RAPE OF THE ECONOMY OR MONEY GOUGING OUT OF YOUR POCKET?
(A)$81,300,000.oo EIGHTY ONE MILLION DOLLARS has been reported as the DAILY PROFIT of Australia’s four largest Banks that’s $29.6 Billion this year and their BAD DEBTS have growing 52 percent to $2.5 Billion year- viz more homes lost and seized by Banks with loan defaults?
The road is set to Australia being unable to repay it’s $1 TRILLION plus National Debt and a life for us of poverty with the coming of the mother of all Recessions. YOU HAVE THE POWER NOW TO SAVE AUSTRALIA!
Every Royal Commission held and there have been many have resulted in no improvement and things never changed. We don’t need a Royal Commission into Australia’s Banks – NO WE NEED REGULATION OF BANKS THAT WORKS !
I will regulate the charges Banks charge you for your house/ apartment mortgages etc and on your Credit Cards when my party “Australia New Era Party” is elected into Canberra, but first things first-
First there is the matter of gaining 500 members to have my party registered under current government laws and regulations, that is the required number of registered members required to register a political party in Australia.. I am far off that number so nothing is going to happen until I achieve 500 members.
I WILL PUT MORE MONEY IN YOUR POCKET/ PURSE- item 7.27 of our constitution reads-
7.27 Legislate the Control of Banks and interest charges of all loans including Real Estate- all contracts to be a total cost of property and with only one amount of profit and without any compounding interest charges over any loan period.
The evil of “Compound Interest” must be removed and our children will pay off their house mortgages in half of the years it would otherwise take- e.g. 15 instead of 30 years and only say a flat seven percent and not a compounded interest of up to 300 percent.
. TIME IS SHORT! Send an email with “I wish to join” subject line to email@example.com AUSTRALIA’S FUTURE IS IN YOUR HANDS!. Regards Ray.
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