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<p>[QUOTE=&quot;mrbrklyn, post: 486351, member: 4381&quot;]BTw - the Annual report is a report, as your aware of, and not remotely a ledger.&nbsp; The ledger is zero for the US Mint every year and there are zero profits, zero dividends, although there might me some capitalization of equiptment and assets as needed for the work of the mint.</p><p><br /></p><p>Everyone in the mint is a government worker and gets one of those colors checks with the Statue of Liberty on them that say, US Treasury.&nbsp; There are no bonuses linked to sales...nothing.&nbsp; There is no more a profit margin on the Mint then there is with the NYC Department of Sanitation.&nbsp; And there is no NEED for it.</p><p><br /></p><p>As is written here</p><p><br /></p><p><a href="http://wfhummel.cnchost.com/seigniorage.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://wfhummel.cnchost.com/seigniorage.html" rel="nofollow">http://wfhummel.cnchost.com/seigniorage.html</a></p><p><br /></p><p>&quot;Who Really Benefits from Seigniorage?</p><p><br /></p><p>In a democratic nation with a modern fiat money system, the view that&nbsp; seigniorage benefits the government is misleading. As the economist Herb Stein observed, &quot;The government is no one, there is nobody here but us people.&quot; Rather it is simply anassemblage of citizens who, while in office, determine how the government should spend in support of the economy. Indeed the government must spend at least as much as it acquires from taxes and the sale of securities. Otherwise it would drain the monetary base and stifle the economy. In effect, seigniorage is a measure of the&nbsp; total amount of base money issued by the Fed.&nbsp; Together with treasury securities, they comprise the net financial wealth of the private sector.</p><p><br /></p><p>What about Federal Reserve notes that are bought by foreign interests for use overseas? If the notes never return, they represent a large gift of seigniorage to the U.S. Whether the notes are purchased in exchange for a foreign currency or acquired by selling goods and services, the U.S. private sector as a whole is the beneficiary.&quot;</p><p><br /></p><p>Lets not make things up based on our biases from our experience in the Private economy.&nbsp;&nbsp; Government is government and when someone is make profits from business of Government aside from their pay checks we generally call that brides and theft.</p><p><br /></p><p>Would you accuse Colin Powell of making profits from his employment with the Military?&nbsp; Of course not...</p><p><br /></p><p>Ruben[/QUOTE]</p><p><br /></p>

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