MIKETRON BLOG

As John W Howard always tried to make clear to us, selling off public utilities to increase "competition" is a well thought-out, sustainable financial strategy. Once everything is sold and the "competition" really gets going, then all the companies eventually merge together into a monopoly single-competitive-entity which has no competition and therefore charges whatever it likes without fear of losing customers.

And so today Westpac and St George have announced their merger, benefiting mum-and-dad-investor share prices massively.
They would be the same mum-and-dad-investors who have borrowed money from said banks in order to invest in property and bank shares. You see the logic? If you don't you obviously need a self-help course on financial management (Westpac offer unbiased advice here).

This well-thought-out merger will guarantee mum-and-dad-investor share prices well into the future, with annually increasing profits going straight to the average family income (which will then be used to pay the mortgage and bank fees).

Shown above are some of the forward-thinking mum-and-dad-investors who really genuinely care about all bank customers and the future their child will grow up in. They're not just trying to greedily make a buck for themselves while they can or anything like that at all...

More blogs about Caring, Sharing, Community Organisations - Fair Distribution of Wealth - Australian Banks.