Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

How Banks Are Getting Richer Off Your Loans 🧐

3 Feb 2024 · 1 min

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Short excerpt from a Richard Canfield YouTube video arguing that borrowers are essential to bank profitability: without borrowers there is no lending and banks cannot be truly profitable; depositors and bankers also matter but borrowers are the primary cause of banks' financial gains.

Chapters

There is no way for a bank to be profitable, truly profitable, unless they are lending money to borrowers. So if there are no borrowers, the bank goes out of business. Now, if there's no depositors, they have nothing to lend, so they can't even get into business. So each character is important. But if you have depositors and you have a banker who makes the rules, and a bank owner who's going to earn everything you have, everything you need except the borrower, which means nothing happens, nothing can even take place without the borrower. But the person that's the cause of all the financial gain that the bank owner received is the borrower.