THIS IS WHY BANKERS PROSPER IN GOOD TIMES OR BADTHIS IS WHY BANKERS PROSPER IN GOOD TIMES OR BAD

In the millions of transactions made each year like those above, little actual currency changes hands, nor is it necessary that it do so. 95% of all “cash” transactions in the U.S. are by check, so the Banker is perfectly safe in “creating” that so-called “loan” by writing the check or deposit slip, not against actual money, but AGAINST YOUR PROMISE TO PAY IT BACK! The cost to him is paper, ink and a few dollars in salaries and office costs for each transaction.

These are a few taken from Arizona newspapers in January, 1979.

Valley Bank posts 49% gain in profits https://m.stacker.news/41246

Bank's profits rise 21% https://m.stacker.news/41245

These are a few of the latest news taken online. https://m.stacker.news/41251