[dennisw]

I've refuted your claims, and got you to admit banks create money out of thin air. My work is done here.

True but they just don't get to keep the money and add it to the list of things they own

Plus as you say these days are unique where the Fed is putting billions of 28 day t-bills? (which will be renewed from here to eternity) into bank vaults to bolster their capital positions. The language used is they are lending this Fed money and accepting POS CMOs and other crud for collateral

[dollarbull]

True but they just don't get to keep the money and add it to the list of things they own

Check the news on BSC today: The fed is guaranteeing every piece of crap on BSC's balance sheet in order for JPM to take them over. That's is precisely a direct printing up of money and transferring it to JPM.

And yes they get to keep it. Who pays for this? Look in the mirror.