Sir Mike's Comments: " Well ??? who can you trust

People even if this attachment is only half true what does it say about us the Aussie blebbs and the value for money-or not-we are getting for our not only hard earned but our ever diminishing scarce available funds where our cost of living is - and has been for decades - outstripping our revenue!! -

Take little notice of our weighted CPI Index because in the matrix if essential foods -bread,vegetables, milk etc:goes up but the large ticket items - cars, TV, fridges etc: come down this has the greater weighted effect of bringing the index - CPI - down and then we are informed that our cost of living has reduced?? which ofcourse on paper it has!! but in reality the figures in regard to the average family are meaningless - ? how many cars, TVs, fridges etc: does the average Aussie plebb buy in a life time?????.

However what the CPI Index does not include is how we plebbs and business are paying for our activities that according to our pollies is giving us this great life style??

According to the Reserve Bank of Australia in April 2015 the Aussie National Credit Card Debt had grown in just -

12 - months from $49.9 billion - yep billion - to now $51.07 billion - yep billion - accruing at an annual interest bill

of $34.4 billion - yep billion!!

So if we take into account our national deficit accrued on the Tax Payers behalf over the decades by our amateur pollies and bureaucrats of some $40.0 billion plus accruing millions of dollars per day of interest and we add this to the credit card private debt of $51.07 billion plus accruing interest of $34.4 billion PA by us plebbs and we had another GFC and the banks and credit providers were forced to call in all the debts there would - NOT - be enough funds available in Aussie to service the debts!!!! even if all the - 3- levels of this over governed Nation of ours put up all of the properties for sale - ? who would buy them?-and privatised all their departments!!!!

Now I am not stating that the alleged cartel of Insurers mentioned below or our alleged Aussie bank cartels are doing anything illegal but in my view by sucking the Aussie plebbs in general dry every which way they are certainly highly immoral!!!!

However people if your prepared to swallow this financial garbage that is dished out by our pollies that we are a rich country and we can open our borders and wallets to all and any of the human liabilities looking for refuge around the world - ? some estimated 50 million – then remind yourself that with the governments Tax Payers funded - Future Fund - the pollies and bureaucrats are guaranteed their financial future regardless, so don't whinge when you and yours get the rough end of the financial pineapple especially as the vast majority of these bunch of amateurs that are - and have - getting us into this financial debacle will be long gone out of politics and writing their memoirs telling us that it was all someone else's fault!!!

Sir Mike Howe - but you can call me Mike - Scroll down.

Subject: INSURANCE IN AUSTRALIA - WHAT A JOKE!

Not sure if this is kosher – but an interesting read

IAG own both CGU and NRMA being the largest insurer of Australians.
SUNCORP own SUNCORP, GIO, VERO, AAMI, Shannon’s, APIA, the 2nd largest insurer
of Australians.

QBE may well be the largest Australian insurer but over 69% of their business is
overseas business.

YOUi is owned by a South African insurer called Outsurance.

Budget Direct is owned by a South African Insurer called Auto & General.

Real is owned by a South African Insurer called Hollard.

Progressive is owned by an American insurer believed to be the largest motor
insurer in Chicago.

Its called brand separation. The one company having 15 brands like SUNCORP do.
This way they get your money which ever way you turn.

If you want scandal, try “iselect”. They claim to provide choice but in effect they
provide 9 brands underwritten by the 1 insurer, Auto & General and have "as a
comparing insurer", Dawes which is owned by Calliden which specializes in the
prestige end of the market and won't even write the business that Auto & General will write so there is no true comparison of insurers, only comparison of brands.

Don't worry about a duopoly market in Australia as it can never happen. Worry
about questionable marketing practices that lure people in under false pretenses.

So, while we hear the public MOAN about Woolworths and Coles holding such a
large market share, what about Insurance Companies??..

But, don’t be scared…. The ACCC is there keeping watch for all of us as they do. -
That's all they do - Keep watch.(and that’s probably the biggest joke)

Sir Mike's Comments

Thursday 8 October 2015

" Well ??? who can you trust - Insurers ofcourse ?? "

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