In return, these government agents will provide services. History of the Austrian School of Economics. This is the hidden face of a government that has no respect for the freedom of its citizenry. We know students kept calling. Comments for Banking Crisis (Not the Fed) To Cause Recession? It's going to happen regardless of our feelings on the matter. {{ post.roar_specific_data.api_data.analytics }}. To answer the initial question: How bad is it? In 2022 the Fed paid about $4 billion in salaries in addition to the$1 billion it paid in pension costs. To demand the regime continue to cling to global reserve currency status is to demand a continuation of the policies that have hollowed out the financial well-being of Americans for decades. Even worse, should the banking crisis be only a small partof the problem, the Feds desire to intervene will be even greater. In the case of police agencies, these services are summed up by the phrase "to protect and serve" a motto that has in recent decades been adopted by numerous police agencies. 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. All eligible men are required to register through an online government portal. However, such gains are not necessarily a real in terms of translating to an actual increase in purchasing power. Quite the opposite in fact, as any severe market downturn typically forces the Fed to act more, with more bailouts, more money printing, and the creation of more lending programs. In fact, there are now at least120,000 armed federal agents carrying such weaponswho possess the power to arrest. Indeed, there were no protests in the streets after U.S. military forces carried out air strikes on a Syrian settlement, killing 25 people,more than half of which were women and children. Rather, they have become "law enforcement officers". Yes there are a VERY FEW law enforcement officers who don't do the very best they can for American citizens. Let's start with the happier portion of today's program first. The only way it doesn't happen is if the US regime suddenly starts slashing deficits and government spending, embraces a strong dollar policy, and perhaps even anchors the dollar to a commodity like gold. Sadder is the reasons don't matter. Its true what they say about following the money. It is fast becoming a government of the rich, by the elite, for the corporations, and its rise to power is predicated on shackling the American taxpayer to a life of indentured servitude. However, a similar lawsuit against the school cop, Scot Peterson, for staying outside while the shooter killed 17 people in the school is proceeding to trial and has survived multiple motions to dismiss. Cops have "no specific legal duty to individuals" Much of the case law we have on a police officers'. In the American police state, police have a tendency to shoot first and ask questions later. With few eligibility exceptions available and a brutal front line, the stricter rules have many Ukrainian men fearing for their safety. The law doesnt require cops to protect the public. Backed by the Sound Money Defense League, Money Metals Exchange, and in-state Mississippi dealers and investors, this years legislative effort built upon a multi-year grassroots campaign waged by sound money activists. Ultimately, thismeans the US regime can hoodwink the voters into accepting more monetary inflation, more financial repression, and more debt for many years before domestic price inflation becomes a political problem for the regime. Members concurred that the U.S. banking system is sound and resilient. Realistically, they could revert to the pre-2008 policy and pay no interest, or because too many people wont like that, then at least lower the rate paid to banks to something smaller, like 1, 2, or 2.5%. It says that protection from crime isn't an affirmative right so you can't blame police for crimes they don't stop. This site is protected by Naturally, politicians and pundits such as Trump and Kudlow view any threat to this kind of state poweras a bad thing. We see $2.889 trillion in repurchase agreements, i.e., money owed to financial institutions and $2.684 trillion owed to depository institutions, which the Fed pays interest on. Answer (1 of 6): To Protect and Serve, or some version of it, has been the official or unofficial motto of various police agencies over the years, notably the Los Angeles Police Department. 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. And additional states may pass their own exemptions this year. The public therefore receives no details as to how the Board of Governors spent this $2 billion. Police occasionally face consequences for their actions, like when Minneapolis officer Derek Chauvin was convicted of murdering George Floyd. And embracing the inherent danger of policing is supposed to be part of the ethos of protecting citizens from. Ford has long established itself as a trusted automaker for police vehicles and provides about two-thirds of police vehicles in the U.S., according to the Free Press. 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. Today, over a year into the invasion, Ukraine is relying more on conscripts as their losses mount. Specie is defined as Coin having gold or silver content; or refined gold or silver bullion that is coined, stamped, or imprinted with its weight and purity; and valued primarily based on its metal content not its form., The measure continues, Specie or legal tender shall not be characterized as personal property for taxation or regulatory purposes., To remove any doubt of the legislatures intent, HB 1718 explicitly states, the exchange of one type or form of legal tender for another type or form of legal tender shall not give rise to any tax liability, and, the purchase, sale, or exchange of any type or form of specie shall not give rise to any tax liability.. While the Supreme Court cases are obviously the controlling law, it's important to note that this precedent does exist and that many states, including Connecticut, have mandatory arrest laws for domestic violence. Most recently, the U.S. Court of Appeals for the 11th Circuitupheld a lower court rulingthat police could not be held liable for failing to protect students in the 2018 shooting that claimed 17 lives at Marjorie Stoneman Douglas High School in Parkland, Florida. Truly, therewould be a revolution before tomorrow morningif everyone understoodwhat government has done to our money. This begs the question: if the police dont have a duty to protect the public, what are we paying them for? But theres more to it than that. Directed by Scott Morse Rob Gibbs (co-director) Original airdate Late 2015 (cancelled) Cars Toons Episodes Previous "The Radiator Springs 500" Source " To Protect and Serve " is an unaired Cars Toons episode, with Scott Morse as director, Rob Gibbs as co-director, and Mary Alice Drumm and Nicole Paradis Grindle as producers. If the income statement shows how money is funneled out of the public purse, then the balance sheet shows the malicious monetary technique that turned counterfeiting into a public good. Reserve currency status, by politically fostering more deficit spending, also harms those parts of the private economy that depend on private investment. 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 seems like now the only ones they are serving and protecting are themselves while leaving the public in fear. Dividing this figure by 23,000 people equals around $304,000 per employee. Thank you. And, by the very nature of being a contract, we are meant to believe this is a two-way street. As I point out in my bookBattlefield America: The War on the American People, Im referring to government with a capital G, the entrenched Deep State that is unaffected by elections, unaltered by populist movements, and has set itself beyond the reach of the law. But as courts have determined, they have no obligation to do that. The Kremlin'sapproachhas been to transition to a digital platform. The brunt of the Feds assets are US Treasuries (UST) of $5.729 trillion and Mortgage-Backed Securities (MBS) of $2.697 trillion, accounting for 98% of the total. ", Kudlow's remarks came a day after Donald Trump declared that China is trying to displace the U.S. Dollar [sic] as the NUMBER ONE CURRENCY" and that if this occurs, it would be the biggest defeat for our Country [sic] in its history.". This is no longer a government of the people, by the people, for the people.. Cops have no specific legal duty to individuals. Isnt that the definition of a caregiver required to act? Of course, if police dont follow up on the warnings, this law doesnt do much good. "To Protect and to Serve" became the official motto of the Police Academy, and it was kept constantly before the officers in training as the aim and purpose of their profession. Last Wednesday, after a 24-hour search, a suspect was apprehended in the New York City Sunset Park subway shooting that . Kudlow laments that a toppling of the dollar from that perch"seems to be the direction we're going in. Current Projects. In return, the Fed paid $102 billion to banks, $9 billion for administration, $1 billion in dividends, and then gave back $76 billion to the Treasury, making up for the shortfall in a way that no one else could do. According to the transcript: Diversity makes the Board stronger by providing different talents and perspectives that help make us more effective. None of this, however, improvesthe standard of living of Americans who pay the bills. Individual people have tried to sue them for not preventing a crime against them. So, for now,the dollar still reigns supreme, and being the regime whose currency enjoys global reserve status comes with many advantages. [Read More: "Why the Dollar Still Beats the Euro and the Yuan" by Ryan McMaken.]. With interest rates this high it becomes difficult to imagine when the Fed will start to have positive income and remit money to the Treasury again. People need guns. It is true that police have never had a duty to protect people on an individual basis. The costs were $2 billion this year. WASHINGTON, June 27 - The Supreme Court ruled on Monday that the police did not have a constitutional duty to protect a person from harm, even a woman who had obtained a court-issued protective. Various calculations can be done to put more context around this and provide additional food for thought. They might be risking their own lives. Contributions are tax-deductible to the full extent the law allows. Moscow's forces still control . Rather than alleviate poverty, it creates it, due to the inflation of the money supply and the currency debasement that follows. The U.S. Supreme Court has also ruled that police have no specific obligation to protect. Colorado Cop Sentenced to 5 Years for Breaking Old Lady's Arm and Laughing about It. Often, discussion about the dollars reserve status creates a false dichotomy between total domination of the global monetary system on one hand and complete abandonment of the dollar on the other. Sound money advocates are rejoicing as House Bill 1718, the Arkansas Legal Tender Act has become the law in the Natural State. Passage of this measure will increase the states ranking dramatically. Youre also being tracked by theblack boxes in your cars, your cell phone, smart devices in your home, grocery loyalty cards, social media accounts, credit cards, streaming services such as Netflix, Amazon, and e-book reader accounts. This, however, can only continue until the dollar's reserve status ends or even significantly weakens. It offers other insurance plans, a thrift plan, alternative work arrangements, transportation subsidy, academic assistance, leave (which appears to be granted when you work too many hours), paid parental leave, and career development. Nevertheless, we are told there is an agreement here a "social contract" between government agencies and the taxpayers and citizens. Print Banking Crisis (Not the Fed) To Cause Recession? 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. But 99.8% of police officers bust their ass and risk their lives every single day to protect and serve us to the best of their ability. 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 have. Most of the money the Fed creates is used to buy assets, which typically means buying debt. One of the most dishonest headlines of the week goes to CNBC: Fed expects banking crisis to cause a recession this year, minutes show. This attracts huge amounts of wealth to government Treasurys that otherwise would have gone into private-sector investments. The Uvalde, Texas, School District Police Department has received withering criticism for its failure to stop a school gunman who shot and killed 19 children and two teachers. Most recently, Tennessee ended this tax in 2022, and Arkansas and Ohio eliminated this tax in 2021. At this point, however, how wefeel about it is irrelevant. "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. Consequently, if the Fed wanted to sell these assets today, no one would pay as much as the Fed initially paid for them, in fact theyd pay about $1.2 trillion less. Eventually, the Border Patrol team got a janitor to unlock the classroom door. See below: Going back to the initial remark of embezzlement of public funds. The draft may lie dormant in the U.S., but that assumption remains. It reads: On a weekly basis, if earnings become less than the costs of operations, payment of dividends, and reservation of an amount necessary to maintain the aggregate surplus limitation, the Reserve Banks suspend weekly remittances to the Treasury and record a deferred asset. Last year nearly $4 billion went to salaries and benefits and another $1 billion into the pension plan. reCAPTCHA and the Google Privacy Policy and Shortly after the February invasion, Russia held its spring draft andconscripted134,500 people. They work hard at an extremely dangerous job. And we no longer live in a constitutional republic. We need your support in this difficult time. The majority opinion argued that the states affirmative duty to protect only arises if a person is in the states custody. Should one choose to work from the office, on-site perks include: With 12 districts to choose from, the Federal Reserve System offers a little something to everyone: Other than for the janitorial staff (who may be contracted), there appears to be no physically demanding labor involved. new conscripts wherever they may be. The events of recent years have only served to desensitize the nation to violence, acclimate them to a militarized police presence in their communities, and persuade them that there is nothing they can do to alter the seemingly hopeless trajectory of the nation: the invasive surveillance, the extremism reports, the civil unrest, the protests, the shootings, the bombings, the military exercises and active shooter drills, the color-coded alerts and threat assessments, the fusion centers, the transformation of local police into extensions of the military, the distribution of military equipment and weapons to local police forces, the government databases containing the names of dissidents and potential troublemakers. Arguments about the dangerous nature of police work drive the increasing militarization of police departments. Much of the case law we have on a police officers ostensible duty to protect comes from domestic abuse or sexual violence cases. InvalidArguments 12 yr. ago You can't blame police for crimes they don't stop. The correct answer is that the Fed should be abolished, but this will not happen anytime soon. CurrentlyArkansasisranked 30thout of 50 in the2023 Sound Money Index. 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 . 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. Nonetheless, Total operating expenses amounted to $9 billion, meaning that administration consumed around 5% of the Feds revenue. Answer (1 of 8): No. Since the Fed does not recognize losses, the loss of $16 billion (earned $59 billion but remitted $76 billion) was capitalized as a deferred asset. This isn't about protecting your wealth or reining in government power. police cars no longer say to protect and serve. Police can watch someone attack you, refuse to intervene and not violate the Constitution.. FindLaw.com Free, trusted legal information for consumers and legal professionals, SuperLawyers.com Directory of U.S. attorneys with the exclusive Super Lawyers rating, Abogado.com The #1 Spanish-language legal website for consumers, LawInfo.com Nationwide attorney directory and legal consumer resources. Thats a done deal. Legal scholar Carl Rizzi argues the public duty doctrine should assume a special relationship between police and students. The mandatory term of military service for Russian men was rolled back to one year in 2008. Laws vary from state to state but police have a legal obligation to render aid and stop crime. The reality is likely that closer to 80% of the employees only make around $100,000 while the remaining 20% make a lot more. If you would like additional information or have questions related to this article, please contact Lauren at 512.322.5808 or lsprouse@lglawfirm.com. But criminal charges against police officers who fail to protect the public areextremely rare. This brings us to the $59 billion in earnings for the year, give or take a few billion for rounding, but its more complicated than that. @2022 - AlterNet Media Inc. All Rights Reserved. All eligible men are required to register through an online government portal. Terms of Service apply. But the war in Ukraine offers a window into what conscription looks like in today's day and age. The motto is there or it is not based on what jurisdiction you are in. Sadder is the reasons dont matter. 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. Therapists can notify the police or the intended victim to discharge this duty. Not a subscriber? Meanwhile, thegovernment has been amassing an arsenal of military weapons for use domesticallyand equipping and training their troops for war. In a 6-3 decision, the Supreme Court ruled that the due process clause of the 14th Amendment only protects against actions by the state not actions by private individuals (in this case, the abusive father). Men are being stopped in the street and questioned about their draft status. The Fed must slowly shrink its balance sheet by around $80 billion or so a month, as weve seen it do this year, in order to mitigate losses; and so, the mystery of QT is nothing more than the Fed buying time before a system failure occurs. While theyre not wrong about the upcoming recession, they might be overly optimistic about their response to the recession. In recent years, Americans have been killed by police merely forstanding in a shooting stance,holding a cell phone, behaving oddly andholding a baseball bat,opening the front door,running in an aggressive mannerholding a tree branch,crawling around naked,hunching overin a defensive posture,wearing dark pantsand a basketball jersey,driving while deaf, beinghomeless,brandishing a shoehorn, holding agarden hose, andpeeing outdoors. They are no longer officers whose jobs are to keep the peace. fitness centers that encourage a healthy lifestyle through exercise and indoor and outdoor sports. On the big screen, the military coup is foiled and the republic is saved in a matter of hours. about FindLaws newsletters, including our terms of use and privacy policy. It doesnt bode well that stopping interest payment on reserves or at least reducing the 4.9% rate is not being considered as a viable solution. Yet, as journalist David Feige explains, For the last three decades, police unions have managed to portray their members as indispensable heroes in a deadly and dangerous war. An irreconcilable turn follows, with the prediction that: In 2024 and 2025, both total and core PCE price inflation were expected to be near 2 percent. For the record, any police officer who tells you that he needs tanks, SWAT teams, and pepper spray to do his job shouldnt be a police officer in a constitutional republic. But, genuine or not, those sentiments disappeared as the region descended into war. 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. In its response to employees, the automaker said it would continue providing these vehicles. For them, it appears that the supposed importance of reserve currency status is not about economic concerns, but is really a political project. What is the Austrian School of Economics? In 1989, in Deshaney v. Winnebago County, the Supreme Court ruled a state government agency (in this case the Department of Social Services) didnt violate a childs right to liberty by failing to protect him from his fathers abuse. In 2021 there were over 23,000 people employed by the Federal Reserve System. Arkansas is helping lead the way in defending and restoring sound money, as well as removing the disincentives for citizens to protect themselves from the inflation and financial turmoil that flows from the Federal Reserve System, said Jp Cortez, policy director of the Sound Money Defense League. It has never been painted on most p. Lauren is a registered patent attorney who represents clients in all phases of litigation. 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. the draft and forced men to fight the people of eastern Ukraine who didn't want to live under the new government in Kyiv. As of Thursdays release, their deferred asset stood at $50 billion. There are about 23,000 people too many, working in the Federal Reserve System. Theyre not loyal to us. . One might fear that in doing so, this $3 trillion reserve would leave the Fed and go back to the banks; however, this is fine as the world functioned a lot longer in the former way rather than the latter. 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? If cities and states want their police to be more respected,. All rights reserved. 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. Russia has also had an issue tracking down new conscripts. The jobs available primarily consist of office workers, such as economists, researchers, attorneys, analysts, and IT positions. 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. Prefer to give a one-time tip? Yesterday we reviewed the Feds Statement of Operations finding many peculiarities such as: a $16 billion capitalized loss, $2 billion spent by the Board of Governors, and $1.2 billion paid as a dividend to the banks. Ending income / capital gains taxes on precious metals sales is becoming more popular. Perhaps more importantly, a world less awash in dollars will mean a world with less demand for US assets such as US government debt. However, four years before Deshaney, the US District Court ruled differently and argued that if police routinely ignore protective orders in domestic violence cases, the result amounts to discrimination in Thurman v. City of Torrington. After serving their time as active duty soldiers, Ukrainian conscripts remained in a reserve status, eligible to be recalled until the age of 55. Survivors of a school massacre already unsuccessfully tried to sue police for not acting after the Parkland shooting. The Federal Reserve Bank of Richmond tells us Milton Friedman (not an Austrian) advocated for this over 40 years ago. Lucky for the Fed, theyll suffer no adverse consequences for their actions because according to them, the crisis wont be their fault. In 2022 the US government paid the Fed $116 billion, and mortgage holders paid $54 billion, meaning $170 billion total revenue came from the public. This would not necessarily destroy the dollar or the US economy, but it would certainly constrain the US regime's ability to pile on another trillion dollars worth of debt without the true costs of mounting debt becoming abundantly clear.
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