BFCSA Blog

Why the banks should be nervous about Election 2016  The Drum Ian Verrender  5 hrs ago       A good thing that's all sorted. With the election campaign now in full swing, it seems almost everyone has forgotten the reason we are going to the polls. During the past fortnight, as political opponents play Punch and Judy each night on the tele, there's been nary a mention of the ABCC - the Australian Building and Construction Commission - the immediate establishment of which was so vital, it required the Prime Minister to dissolve both houses of Parliament. It's easy to see why. Cranes jostle for position on crowded city skylines as the frenzied east coast construction boom races towards its inevitable climax. Industrial disputes have fallen to levels last seen six years ago at the height of the financial crisis. And wages are growing at their slowest since records were established...

 White Collar Criminals have to be rounded up and jailed.  NO THEY ARE NOT TOO BIG TO JAIL!!!!!

 Check Mate?

Why and how property values have been decimated to favour banks, real estate agents and government.

                                                                                                                               

How can property be worth less than it was 10 years earlier when  we have inflation constantly running on average around 3.5% per year?   SOMEONE IS CHEATING as Alan Jones roared on 2 GB.     Bankers at the highest level need to face A ROYAL COMMISSION!!!

SPEAK UP!

My property was valued in 2005 for $750,000. Today almost 10 years later I cannot sell it for $750,000. Why! Because that’s all my real estate agent says a buyer will pay and because that’s all my bank will value at approximately based on recent sales. Because the majority of people do not have the money to buy it, or the confidence to invest when they see markets collapse which does not encourage them to buy. Because the majority of people do not trust the people in power , power brokers or the corrupt system we are led to follow like lambs to the slaughter.                                            

Inflation is based on the price of goods and service increasing over a twelve month period of time. The price of food ,clothing, motor vehicles, building materials, land, labour, taxes, council rates , insurances ,electricity, transport etc. You name it. Inflation being the cost of living does not get less.           Because of inflation the value of your savings has less purchasing value. When you purchase something you do not get more, you get less for your money.

 Don’t believe or trust what government or statistics want you to believe.                                                                                                                             For any self employed person or business when you get hit with rising costs you either wear it or work longer  or cut costs to compensate, or you simply pass on the cost increases to the next person. 

eldiablo here thank you for reading my blog story in response to which bank WESTPAC the one and only have created this maladministration debark-le it is only if we all stand together that our voice will be heard. if it was once said that the meek will inherit the earth then i for don't mind being meek and stopping this crime against us all we shall be heard we shall create a diference we shall have all this wrong doing reversed and the banks have to in the very least take the hit for the loans  it not not like they didn't profit from us all in taking our money and lively hoods now its time for their compassion to be shown and secure our future for once and all so we can live out our final years without this debt, pain and suffering. So i say to all the banks...

MEDIA RELEASE   Cached   This email address is being protected from spambots. You need JavaScript enabled to view it. www.cfmeu.net.au. MEDIA RELEASE. 27 June 2014. Financial planning Royal Commission must look at all banks. MEDIA RELEASE 27 June 2014 Financial planning Royal Commission must look at all banks A Royal Commission into the Commonwealth Bank Financial Planning scandal, recommended late yesterday by a Senate Committee Inquiry, should cover all banks and financial institutions, says the CFMEU. The CFMEU National Secretary, Michael O’Connor, said the Senate Committee Inquiry’s findings about the Commonwealth Bank Financial Planning scandal are almost certainly just the tip of the iceberg. The unethical practices of financial advisers in big banks - practices that flourished before the Future of Financial Advice (FOFA) laws were introduced in 2013 – have ripped billions of dollars in superannuation savings from thousands of Australians. The full extent of the scandal will never be known unless a Royal Commission looks at all the banks. “We need to...