[Toddsterpatriot]

The money creation process and the Printing and Minting of money are very different things.

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"?

[Durus]

I know.

I don't think you do.

So what is this seigniorage privilege that member banks have?

Really?

Privileged money creation process? What's that?

Really?

You don't know the deal they're getting? But you know "they are getting a better deal on the money than everyone else"?

Really?

This conversation has become cyclical and pointless.