What's the difference?
EO11110 was preparing for life after the Federal Reserve .
It had nothing to do with a supposed end to the Fed.
It, coupled with the ability to issue directly Federal (Treasury) notes implied a future ability to dump the Federal Reserve in it’s entirety.
It said nothing about issuing Treasury Notes.
If there are no profits,
Who said there were no profits?
I asked you what they did with their (huge!) profits.
The Fed was NOT the intent of the original founders.
One of the first things the Founders did was create a Central Bank in 1791.
https://en.wikipedia.org/wiki/First_Bank_of_the_United_States