The chart below shows Reserves held at the Fed since 1959: The reserves balance held at the Fed didnt fluctuate for decades and then suddenly banks started keeping a lot more money at the Fed. the draft and forced men to fight the people of eastern Ukraine who didn't want to live under the new government in Kyiv. 3 William Street Tranmere SA 5073; 45 Gray Street Tranmere SA 5073; 36 Hectorville Road, Hectorville, SA 5073; 1 & 2/3 RODNEY AVENUE, TRANMERE 134,500 people. For all of us independent news organizations, its no exception. Given that were living at a time when the risk of bank-runs have become a real threat, its almost comical to think banks would lend too much, or wouldnt benefit by increasing their own reserve amounts, so claims to the contrary seem unfounded. Zelensky alsoauthorizedthe "release" of convicts with combat experience to bolster Kyiv's forces. It says that protection from crime isn't an affirmative right so you can't blame police for crimes they don't stop. It is how we have gone from a Nation of laws, where the least among . The March monetary inflation event reaffirmed this. Also consider how ideas like liquidity crisis, lending crisis, or credit crunch, have been mentioned since the banking crisis of 2007-09. Mr. Whiteheads commentaries have appeared in the Los Angeles Times, New York Times, Washington Post, Washington Times and USA Today. The yuan is a fifth-place also-ran in the currency race. If Police Dont Have to Protect the Public, What Good Are They? The taxpayers are required to submit to a government monopoly on force, and to pay these agencies taxes. That term is actually a military concept which means that you do everything you can to protect the troops when planning and executing a combat mission.. reCAPTCHA and the Google Privacy Policy and Moreover, even though the state of Florida has compulsory schooling laws, the students themselves are not "in custody": Courts have rejected the argument that students are in custody of school officials while they are on campus, Mr. Hutchinson said. In return, these government agents will provide services. Weve been told that cops need extra legal protections because of the risks they take. the "release" of convicts with combat experience to bolster Kyiv's forces. As instructed by legislation, after paying out 65% of its earnings for interest payments and administrative fees, it then paid out $1.209 billion as dividends to the banks who own capital stock at the Fed. Trump and Kudlow, however, are not troubled by this. Visit our attorney directory to find a lawyer near you who can help. Men caught. Neither Trump nor Kudlow actually explain why maintaining reserve currency status is so important. Banking Crisis (Not the Fed) To Cause Recession? Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. But theres more to it than that. They are there to generate revenue for their towns and states. The good news is such a wakeup callwill weaken the US regime, potentially forcing policymakers to embrace a more sane fiscal and monetary policy. Rounding out this profit-driven campaign to turn American citizens into enemy combatants (and America into a battlefield) is a technology sector that has been colluding with the government to create a Big Brother that isall-knowing, all-seeing and inescapable. And so, its probably time to consider putting an end to this nearly two-decade long experiment of transferring wealth from the poor and middle class to the rich and powerful. "Neither the Constitution, nor state law, impose a general duty upon police officers or other governmental officials to protect individual persons from harm even when they know the harm will occur," said Darren L. Hutchinson, a professor and associate dean at the University of Florida School of Law. They dont answer to us. In the real world, however, the plot thickens and spreads out over the past half century. That amount of time can make things feel distant. Then they took down the shooter. The draft may lie dormant in the U.S., but that assumption remains. Men are being stopped in the street and questioned about their draft status. In this event, the Supreme Court ruled that the police have no obligation to protect your right to due process (Fifth Amendment) by enforcing existing restraining orders and that the court order did not provide her special treatment under the law. A more likely scenario is that the dollar will weaken considerably but will remain among the most often used currencies. At the same time, conscription appears to have been implemented as a new form of punishment. A passenger looks out at the 36th Street subway station on April 13, 2022, where a shooting attack occurred the previous day. Shortly after the February invasion, Russia held its spring draft andconscripted134,500 people. All they have is the ability to print more money and lower rates, so its difficult to imagine "low" inflation during any alleged recovery. It is the unfortunate, misguided, perverse message that has been beaten, shot, tasered and slammed into our collective consciousness over the past few decades, and it has taken root. Dividing this figure by 23,000 people equals around $304,000 per employee. And embracing the inherent danger of policing is supposed to be part of the ethos of protecting citizens from. This produces no net benefit sincegovernment spending in itself distorts the economy, drives up prices, and otherwise redistributes wealth according to political considerations, rather than according to the needs of consumers and entrepreneurs. TermsPrivacyDisclaimerCookiesDo Not Sell My Information, Begin typing to search, use arrow keys to navigate, use enter to select, Please enter a legal issue and/or a location, (city, While we cant expect social workers to be psychic, in this case there were repeated police and social services reports of child abuse that only resulted in more social worker visits to report more child abuse. They are no longer officers whose jobs are to keep the peace. Of these seven outliers, legislative allies in five states introduced sales tax exemption bills, with efforts in Wisconsin, New Jersey, and Maine still ongoing. Police do have protocols for dealing with dangerous situations like the ones in Uvalde and Parkland, and these protocols emphasize the need for police to take rapid action. We know the Uvalde shooter wasnt stopped by a police officer outside the school before entering. Or only if it involves domestic violence? If the Fed created a few hundred billion dollars to save a few troubled banks, imagine the response theyll give once larger banks fall on hard times. And so, members of the Feds inner circle deem the banking system both sound and resilient but warn that a banking failure is ahead. The California police officer's oath states, "I, (employee name), do solemnly swear (or affirm) that I will support and defend the Constitution of the United States . In this way, the old police motto to "protect and serve" has become "comply or die.". 120,000 were conscripted last Fall. But it makes sense because anyone having the ability to create trillions of dollars on demand probably wouldnt keep trillions of dollars in a secured vault either. So it would appear that police, upon realizing that people. None of this, however, improvesthe standard of living of Americans who pay the bills. Now, with the passage of HB 1718, Arkansas becomes the 11th state also to end capital gains taxes as applied to the sale of gold and silver (with some of those states simply having no income taxes in the first place). His therapist called his family who begged police to check on him. As for the balance sheet, readers should be familiar with the chart, as of yesterdays release it stood at $8.593 billion, per below: Further details are on page 6 of the financial statements, showing a year-end 2022 balance sheet, only four months ago, of $8.569 billion. The question is no longer whether the U.S. government will be preyed upon and taken over by the military industrial complex. After the fall of the Soviet Union, both Ukraine and Russia continued to require male citizens to serve time in the military, though the term was gradually reduced from two years to one. Backed by the Sound Money Defense League, Money Metals Exchange, and sound money advocates and supporters throughout the state, HB 1718 reaffirms gold and silver as legal tender, as well as ends all taxes on purchase, sale, or exchange of specie, including state capital gains taxes. One of the problems were forced to confront when considering the role of the Federal Reserve is whether its better for the Fed to take losses and capitalize them as deferred assets, or go back to an era of Fed profitability whereby the Fed remitted money to the Treasury on a weekly basis. One of the problems were forced to confront when considering the role of the Federal Reserve is whether its better for the Fed to take losses and capitalize them as deferred assets, or go back to an era of Fed profitability whereby the Fed remitted money to the Treasury on a weekly basis. However, a financial statement review would not be complete without a look at the fine print. The students filed suit, naming six defendants, including the Broward school district and the Broward Sheriffs Office , as well as school deputy Scot Peterson and campus monitor Andrew Medina. Until recently, officials could only deliver draft notices to someone's home address. The notes to the Feds Financial Statements read like a disclaimer at the end of an Rx drug commercial. It's about increasing US government power in the name of fighting the latest foreign "axis of evil.". We know students kept calling. And we know it took an hour and 20 minutes for police to kill the shooter and stop the rampage. Is it okay if police use their discretion with arrest warrants? This, however, can only continue until the dollar's reserve status ends or even significantly weakens. Perhaps more importantly, a world less awash in dollars will mean a world with less demand for US assets such as US government debt. Copyright 2023, Thomson Reuters. Weve covered everything thrown at us this past year and will continue to do so with your support. But as courts have determined, they have no obligation to do that. Mind you, by government, Im not referring to the highly partisan, two-party bureaucracy of the Republicans and Democrats. One can only hope that the exorbitant costs, both measurable and immeasurable, will one day be understood by the public. Nevertheless, we are told there is an agreement here a "social contract" between government agencies and the taxpayers and citizens. Too often they appear to mean, to protect officers and serve the police force.Force Protection has become the primary motivating force for many in the Police. CNBC absolves themselves by citing that this was said in the Fed minutes, yet it does raise some interesting considerations, the idea that the upcoming recession will be due to a banking crisis. In fact, China's currency, the yuan,doesn't even posea threat to the dollar. These measures would end taxes on the metals, reaffirm gold and silver as money, establish in-state depositories, enable State Treasurers to invest state funds in the metals, and more. Men caughtbreaking curfewand getting intostreet fightshave received conscription notices after being detained by police. With the passing of time, the motto received wider exposure and acceptance throughout the department. Weve been losing our freedoms so incrementally for so longsold to us in the name of national security and global peace, maintained by way of martial law disguised as law and order, and enforced by a standing army of militarized police and a political elite determined to maintain their powers at all coststhat its hard to pinpoint exactly when it all started going downhill, but were certainly on that downward trajectory now, and things are moving fast. Now before your outrage bubbles over, consider that the U.S. Supreme Court has repeatedly affirmed (most recently in 2005) thatpolice have no constitutional duty to protect members of the public from harm. The reality is likely that closer to 80% of the employees only make around $100,000 while the remaining 20% make a lot more. But what does it mean to say the Fed owns (rounding down) $8 trillion in UST and MBS? Laws vary from state to state but police have a legal obligation to render aid and stop crime. Draft notices are sent out electronically and are considered delivered immediately, meaning the man is instantly on the clock for reporting to his local recruitment office. From an auditors perspective, a quarter of a billion dollars is likely below materiality when dealing with dollar-value magnitudes of this order. Answer (1 of 8): No. Its true what they say about following the money. Im referring to the corporatized, militarized, entrenched bureaucracy that is fully operational and staffed by unelected officials who are, in essence, running the country and calling the shots in Washington DC, no matter who sits in the White House. Its not just the drones,fusion centers, license plate readers, stingray devices and the NSA that you have to worry about. This isn't about protecting your wealth or reining in government power. With few eligibility exceptions available and a brutal front line, the stricter rules have many Ukrainian men fearing for their safety. It seems all so welcoming, reinforced by Chair Jerome Powells inspirational 2-minute-long video on the importance of diversity. But what happens when those police agencies don't protect and serve? The jobs available primarily consist of office workers, such as economists, researchers, attorneys, analysts, and IT positions. Nearly 20 officers waited in the hallway outside the classroom in which the shooter was killing students and teachers. The Russian government has claimed conscripted soldiers are only being sent to replace volunteer soldiers in their posts, with the volunteer soldiers then sent to the front in Ukraine, but some havedisputedthis. Less than a year later, the new Western-backed Ukrainian government. Power & Marketis publishedCC4, unless denoted otherwise. However, it has become increasingly clear that in far too many police forces those words have been twisted beyond recognition. Speaking of averages, if the average low-level employee read Mises or Rothbard, it would only raise more questions and leave them in an ethical dilemma, which could become quite unnerving. In the meantime, the world will have been flooded with dollars. Colorado Cop Sentenced to 5 Years for Breaking Old Lady's Arm and Laughing about It. In 2005'sCastle Rock v. Gonzales,a woman sued the police for failing to protect her from her husband after he violated a restraining order and abducted and killed their three children. Therapists can notify the police or the intended victim to discharge this duty. We could simply look to Norway and Switzerland to see that. For example, lets say the US dollar sinks to 40 percent of all foreign reserves and is only used in one-third of all international trade invoicesinstead ofone-half, as is now the case. The balance sheet invokes many things, one of which is the realization that even though the Fed is not a bank, like a bank, it barely has any money of its own. That would require intervention as schools are gun-free zones.. Do the Police Have an Obligation to Protect You. Its the same reason why the Trump Administration has made aconcerted effort to expand the police states powerto search, strip, seize, raid, steal from, arrest and jail Americans for any infraction, no matter how insignificant. Yet the government nevertheless assesses a tax. Its all arbitrary, but anything less than 4.9% would be an improvement. While the shooter was inside two adjoining classrooms, 19 law enforcement officers stood outside for nearly an hour as they waited for tactical equipment to arrive. Unfortunately, last month gave the world a glimpse of what is to come inthe next recovery. In the 1981 case Warren v. District of Columbia, the D.C. Court of Appeals held that police have a general "public duty," but that "no specific legal duty exists" unless there is a special relationship between an officer and an individual, such as a person in custody. Within hours of the first Russian airstrikes that signaled the beginning of the February 2022 invasion, Ukrainian President Volodymyr Zelensky declared martial law, called up men in the reserves, conscripted new soldiers, and prohibited men between the ages of 18 and 60 from leaving the country. [In] the years since the Sept. 11 attacks, the story of the hero cop has become so powerful and pervasive thateven questioning police behavior is decried as disloyal, un-American, and dangerous.. But what, exactly, is a police officer's legal obligation to protect people? This is done in a roundabout way using intermediaries, but in effect the Fed finances the US government and mortgages by increasing the supply of money and credit. terrorists) and called on the government to subject such targeted individuals to full-fledged pre-crime surveillance. This October 6, 2008 announcement solves the mystery: The Federal Reserve Board on Monday announced that it will begin to pay interest on depository institutions' required and excess reserve balances. "Our bill will help protect police by increasing penalties for the criminals who target them." The Protect and Serve Act would support law enforcement officers by: Making it a federal crime to knowingly cause, or attempt to cause, serious bodily injury to a law enforcement officer. At this point, however, how wefeel about it is irrelevant. Assist in high visibility policing to reassure the public and enhance potential deterrent benefits. Police occasionally face consequences for their actions, like when Minneapolis officer Derek Chauvin was convicted of murdering George Floyd. And who exactly do they serve if not you and me? Sure, the Supreme Court won't enforce them, but maybe a few officers will listen anyway. Why do we have more than a million cops on the taxpayer-funded payroll in this country whose jobs do not entail protectingoursafety, maintaining the peace inourcommunities, and upholdingourliberties? None of this is good for the productive people in the US. In both of these court cases, clear and repeated threats were made against the safety of children but government agencies chose to take no action. new conscripts wherever they may be. This loss represents the decline in fair market value of the Feds US Treasuries and Mortgage-Backed Securities (debt) holdings. With few eligibility exceptions available and a brutal front line, the stricter rules have many Ukrainian men fearing for their safety. Lauren Sprouse is an Associate in the Firm's Litigation and Employment Law Practice Groups. The taxpayers will still have to pay their taxes and submit to police agencies as lawful authority. It continues to be a costly endeavor. Of course, it would be next to impossible for the Fed to actually sell its entire $8 trillion portfolio since the pool of buyers is fairly small, so prospective buyers would demand a much lower price in return. At the same time, conscription appears to have been implemented as a new form of punishment. Yet, it not the end of reserve currency status that is to blame for the inflationist pain. On one hand the Fed thinks a recession will happen this year, with a recovery to happen in 2024 and 2025, but on the other hand, inflation will remain at 2% during this time. Even worse, when the dollar ceases to be the dominant reserve currencyan event that is inevitableholders of dollars will see their purchasing power plummet. The effective date is July 1, 2023. Epson, you earn a gold star. This stealthy, creeping, silent coup that is the same danger that writer Rod Serling warned against in the1964 political thrillerSeven Days in May, which put the military in charge of a coup that would institute martial law packaged as a well-meaning and overriding concern for the nations security. All eligible men are required to register through an online government portal. Tate Reevess pen on Wednesday, Mississippi has become the 43rd state in the country to end sales taxes on the purchase of physical gold, silver, platinum, and palladium coins and bullion. The cameras are on, the microphones aren't. When the officer pushes the "record" button on the bodycam, the microphone activates, and the sile. Contact us. Invest with us. Senate Bill 2862, sponsored by Sen. Juan Barnett (D-34), had Senate Bill 2862, sponsored by Sen. Juan Barnett (D-34), had passed out of the full senate by a vote of 52-0 and sailed through the House of Representatives by a vote of 115-0. Mustthey risk their lives in dangerous situations like the one in Uvalde? Justices said the police had no such duty. CurrentlyMississippiistied for 45thout of 50 in the2023 Sound Money Index. In other words, police are well within their rights to pick and choose when to intervene to protect the lives and property of others even when a threat is apparent. Be recognizable as a police vehicle up to a distance of 1,600 ft. in normal daylight. Its a short hop, skip and a jump from the police state were operating under right now to a full-blown totalitarian regime ruled with the iron fist of martial law. With the release of the Federal Reserves 2022 Financial Statements, we can take a closer look at their income and expenses to find that the central bank functions like a federal embezzler as much as it does a federal counterfeiter. Every year we must also be reminded that the Board of Governors operating expenses and currency costs continue to be concealed and receive absolutely no note disclosure in the statements.
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