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Originally Posted by Zythryn
The very article you listed to support your argument states that is is 'quasi public'. It has elements of both. Supporting the idea that the truth lies between your position and the other extreme.
I find that fascinating. Do you have a source for that? I would love to learn more about that decision.
The information I could find does not mention that. As a matter of fact, it indicates the currency/notes are printed in Washington DC and Fort Worth, TX:
Per: https://treas.gov/education/faq/curr...ction.shtml#q1 |
And you would be correct, additional source;
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Since October 1, 1877, all U.S. currency has been printed by the Bureau of Engraving and Printing, which started out as a six person operation using steam powered presses in the basement of the Department of Treasury. Now, 2,300 Bureau employees occupy twenty-five acres of floor space in two Washington, D.C. buildings. The Treasury also operates a satellite printing plant in Ft. Worth, Texas. Currency and stamps are designed, engraved, and printed twenty-four hours a day on thirty high speed presses. In 1990, at a cost of 2.6 cents each, over seven billion notes worth about $82 billion were produced for circulation by the Federal Reserve System. Ninety-five percent will replace unfit notes and five percent will support economic growth. At any one time, $200 million in notes may be in production. Notes produced in 2002 were the $1 note, 41% of production time; the $5 note, 19%; $10 notes, 16%; $20 note, 15%; and $100 note, 9%. No $2 or $50 notes were printed in 2002.
Fun Facts About Money from the Federal Reserve Bank of San Francisco
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As I recall however the paper used, may not be produced in the US.....
The Federal Reserve DOES operate under the Corporate Structure, said to be independent of Government, however the Chairman is appointed by the US Executive and confirmed by the Congress. I DON'T think Fred Smith, CEO/Founder of Fed Ex, need go through that process.
Federal Reserve System, Chairman - Presidential Appointments: Top "Prune" Jobs - Excellence in Transition
While I agree, the current economic health of the US, is a bit strained, I would suggest a great deal has to do with where the current and last (final 6 months) administration's has taken policy. There is nothing IMO conducive to 'Free Market Capitalism' which the US has practiced extensively for 140 years and in spirit since formation. The elections in 2010 and the actions of Congress until then, will determine the length of this recession, the direction of policy and the hoped for rebuilding of confidence of the US consumer/business communities, possibly the worlds....
