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.
Really?
You made the claim. You can't explain? Really?
Privileged money creation process? What's that?
Really?
If you mean borrowing and lending, don't be such a drama queen.
This conversation has become cyclical and pointless.
You're right about that. You make silly claims, I ask you for proof, you can't provide it.
If you ever start to use the real definition of seigniorage, feel free to show how member banks use it to earn "between $100-200 billion per year".