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THIS IS WHY BANKERS PROSPER IN GOOD TIMES OR BAD

bank posts gain in profits


 
 
   

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.  It is "check-kiting" on an enormous scale.  The profits increase rapidly, year after year, as shown below.

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