It’s about time you gave up, he just refuses to believe the truth.
The part he refuses to understand is that the Fed gives Member Banks, Instant Credit at Face Value for the Promissary Note you signed for your loan, that is when the Money is actually created out of thin air. Now the member bank attaches their interest and fees to earn a profit by selling you something they never actually owned in the first place.
We used to call this Usury.
Nice! The argument seems to have shifted.
It's gone from, banks don't need money to make loans, they create it from thin air, and that's not fair........
To.....
Banks DO need money to make loans, but they get it all from the Fed, and that's not fair.......
Unfortunately, reality........
https://www.fdic.gov/bank/statistical/stats/2017jun/industry.pdf
The above link shows that banks currently have $10.8 trillion in domestic deposits and $8.7 trillion in loans
This screen shot shows that banks are currently borrowing a whopping $216 million from the Fed.
That's MILLION with an "M".
Kind of tough to make over $8.7 trillion in loans with only $216 million.