The BANKS swindled YOU AND I OUT OF $10 billion!
......THAT'S $10 BILLION taken from the pockets of ordinary wage earners!
THIS HIGHWAY ROBBERY WAS CONCEDED THROUGH ACCOUNT AND SERVICE FEES ALONE!
BANK PROFIT MARGINS AND CUSTOMER COMPLAINTS ARE ILLUSTRATED IN THE PLAQUE....AND THIS WAS A REFLECTION BACK IN THE 1990'S...CAN YOU IMAGINE WHAT EXORBITANT FEES ARE COSTING TO DAY?? NOW THAT WE HAVE CREDIT CARDS BEING THROWN AT EVERY TOM, DICK AND HARRY, THEIR WIVES AND EVEN THEIR CHILDREN WHILE ATMs DECORATE SHOPPING CENTERS LIKE CHRISTMAS DECORATIONS!
Today in 2017, the FEDERAL RESERVE has set interest rates at 1.5%! Banks and financial institutions charge an interest rate of between 5 - 7% for home loans but for CREDIT CARDS, an interest rate of 12 - 22% is normal and our legislators allow these corporate bullies to get away with such exorbitant ripp-offs!!
RODNEY SAYS: "...... Heh, Heh, you can bank on our profit!”
YOU SURE CAN RODNEY!!
.....And the answer!! Withdraw your money and SHOVE it with an alternate financial provider like a credit union or a smaller bank that is not affiliated with the major international traffickers that borrow funds from foreign bankers.....such as the 'four pillars' that hold up our economic freedoms....say again! The major political parties would not tamper with BANK PROFITS as their donations would dry up!!
It is time for the re-emergence of a "PEOPLE'S BANK"....Those of us who actually took an interest in politics within the swirling demographics of economics were aware that we did once....OWN A PEOPLE'S BANK!! Young folk from the 1990's onward would never have known!
IT WAS KNOWN AS THE COMMONWEALTH BANK BUT THE POLITICIANS IN GOVERNMENT DECIDED FOR A SHORT TERM PROFIT AND SOLD THE WHOLE CABOODLE FOR FRACTION OF ITS WORTH......BIT LIKE TELSTRA WHEN JOHN HOWARD AND PUFF DRAGON PETER COSTELLO WHEN THEY THOUGH..... WOW, CAN GET A FEW BILLION FOR BY FLOGGING OFF TELSTRA WHICH THEY DID!
(The complete story of the Commonwealth Bank had been will be included in the website.....the only people gaining out of massive, obscene bank profits are the those who can afford the shares and the CEOs themselves who receive outrageous salaries from $4 - $12 million!!
Within ensuing Sequents, we will provide BANK and CORPORATE PROFITS including their CEO REMUNERATIONS that will make your head spin. Also, we will be able to provide a listing of all former government owned (people owned) institutions, utilities and infrastructures that all would have been making a massive profit for you and I, the taxpayer!
These elected politicians did little more than feather their own nests at our expense and are still hard at it......their snouts have never left the tax funded trough!
The only way exorbitant bank profits can be stopped is to reengage a People's Bank, this could again set a precedent to control fees, interest rates on borrowing and credit card interest, this would stop the BIG BANKS in their greedy tracks.....but who has got the guts??
WE DO HAVE A FEDERAL RESERVE BANK WHICH SETS INTEREST RATES FOR THE BIG FOUR BUT THIS IS MOSTLY A GUIDELINE.....but then I no nothing about economics!
HOW DIFFICULT WOULD IT BE TO SET ANOTHER PEOPLE'S BANK VIA THE FEDERAL RESERVE......AND WOULDN'T THAT THROW A CAT AMONG THE PIGEONS??
And when Australian super annuation funds have almost $3 Trillion to invest, why are our banks borrowing from foreign financial institutions???