The money creation process and the Printing and Minting of money are very different things. Actual cash money represents only a fraction of the Treasury. Again this isn't a conspiracy just the way the FRB says that it works. Total bank dividends last year were $1.6 billion. A tiny fraction of bank earnings. And a far cry from "Educated estimates put this between $100-200 billion per year"
Dividends from stock the FRB are not what I was referring too when talking about the privileged money creation process. And banks would get that even if the Fed never put a new FRB into circulation ever again.
Sure they would get dividends on the stock they had purchased as that is part of the deal when purchasing stock...I'm not sure what your point is here.
Really? What deal are they getting?
That is a really good question. If that were known people wouldn't have to make estimates.
I know.
That is, the net earnings from the member banks seigniorage privilege are not turned over to our government but kept by the private member banks. Educated estimates put this between $100-200 billion per year.
So what is this seigniorage privilege that member banks have?
Dividends from stock the FRB are not what I was referring too when talking about the privileged money creation process.
Privileged money creation process? What's that?
If that were known people wouldn't have to make estimates.
You don't know the deal they're getting? But you know "they are getting a better deal on the money than everyone else"?