Ziggy by Tom Wilson & Tom II for June 14, 2023

Time to find another bank, Ziggy.

You’re not in Kansas anymore

They have been quiet lately. Which makes me very worried.

I remember when you could get 5% interest on savings accounts. Now it’s nothing, or close to nothing.

If you have savings, checking, etc you are loaning money to the bank.

@Carl I worked for a bank over 30 years ago. I found out by taking banking courses that 90% of the total cash the bank had was loaned out to the customers, leaving only 10% in the till. It’s no wonder that if those customers all tried to withdraw their money at once the bank would fail. FDR ordered a “banking holiday” when this happened in the 1930s. New banking regulations were passed by Congress to put an end to the free-for-all.

We like to have our customers feel like we’re just like one of them.

5% was the least interest you could get. Usually on regular savings, or Christmas Club. Remember those?

sorry Ziggy… you must’ve read the sign wrong. :D

Interesting factoid: In Icelandic, the money you deposit in the bank is called an inloan, and the money you borrow from the bank is called an outloan. It’s a loan either way.

Don’t wast money on savings accounts, CD’s, or 401K’s. Invest in Land (they are not making any more of that, and it will go up in value.

I don’t care if it’s available, what am I going to do with a bank?

but we need your money to peddle our influence to congress!!!! how “R” of you not to give it to us!

Sure, Ziggy.

It is never that simple.