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Why does the 'US MINT' need to make a profit?
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<p>[QUOTE="19Lyds, post: 2296561, member: 15929"]Strange that nobody has addressed this comment nor pointed folks to the US Mint's Web site where Annual Reports regarding profits (going back to 2001) are readily available for download and analysis.</p><p><br /></p><p><a href="http://www.usmint.gov/about_the_mint/?action=annual_report" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.usmint.gov/about_the_mint/?action=annual_report" rel="nofollow">http://www.usmint.gov/about_the_mint/?action=annual_report</a></p><p><br /></p><p>You want to know who pays for what?</p><p><br /></p><p>Read the Reports.</p><p><br /></p><p>As for the Federal Reserve returning "hundreds of billions in profits" back to the Treasury? Not so. The Federal Reserve Bank, which actually "own" the Federal Reserve Notes you spend on a daily basis, is responsible for maintaining the economy of the country by issuing notes (currency) to the public. It is a fairly complex subject of which I know little about BUT the Federal Reserve Bank is no more a part of the US Government than Federal Express or Federal-Mogul Corporation.</p><p><br /></p><p>The "Federal Reserve Bank", in a sense, is the primary "creditor" for the United States of America. They do not "give" the country money or share their profits with the country.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 2296561, member: 15929"]Strange that nobody has addressed this comment nor pointed folks to the US Mint's Web site where Annual Reports regarding profits (going back to 2001) are readily available for download and analysis. [url]http://www.usmint.gov/about_the_mint/?action=annual_report[/url] You want to know who pays for what? Read the Reports. As for the Federal Reserve returning "hundreds of billions in profits" back to the Treasury? Not so. The Federal Reserve Bank, which actually "own" the Federal Reserve Notes you spend on a daily basis, is responsible for maintaining the economy of the country by issuing notes (currency) to the public. It is a fairly complex subject of which I know little about BUT the Federal Reserve Bank is no more a part of the US Government than Federal Express or Federal-Mogul Corporation. The "Federal Reserve Bank", in a sense, is the primary "creditor" for the United States of America. They do not "give" the country money or share their profits with the country.[/QUOTE]
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