Consider the words, "law enforcement". All rights reserved. It has even gone on to fight proxy wars, funded drone strikes across the globe, as well as post-secondary education. Most insidious of all, the exaggerated danger and trumped-up heroism drives an us-versus-them mentality that suffuses contemporary big-city policing and bleeds into the criminal justice system, causing systemic imbalances that chronically favor the police over citizens. 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. 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. In fact, police dont usually need much incentive to shoot and kill members of the public. Dividing this figure by 23,000 people equals around $304,000 per employee. Should Trump be allowed to hold office again? Most recently, Tennessee ended this tax in 2022, and Arkansas and Ohio eliminated this tax in 2021. Police can watch someone attack you, refuse to intervene and not violate the Constitution.. His therapist called his family who begged police to check on him. This begs the question: if the police dont have a duty to protect the public, what are we paying them for? 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. And the lack of condemnation, or even interest, from our fellow Americans should concern all advocates of self-ownership. Of course, if police dont follow up on the warnings, this law doesnt do much good. The other section deserving of consideration is on Page 24, where the deferred asset (capitalized loss) of $16 billion is explained. Isnt that the definition of a caregiver required to act? Market contacts observed that the recent developments in the banking system will likely result in a pullback in bank lending, which would not be reflected in most common financial conditions indexes. and a Fine Arts program for appreciation of the cultural arts. However, such gains are not necessarily a real in terms of translating to an actual increase in purchasing power. In the case of police action in Uvalde, there are many possible legal strategies by which to hold them accountable. Sure, the Supreme Court won't enforce them, but maybe a few officers will listen anyway. After all, even after the pound sterling lost its status as reserve currency in the 1930s, it did not disappear. The "shopcam" recordings seen on The Rookie are an invention for that show. 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. Since police officers have stopped cooperating, and have offered contradictory information, we will probably never know. A deferred asset represents the shortfall in earnings from the most recent point that remittances to the Treasury were suspended. 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. The Federal Reserve Bank of Richmond tells us Milton Friedman (not an Austrian) advocated for this over 40 years ago. One of my favorite aspects of the job as U.S. Attorney is that I get to work side-by-side with our federal, state, and local law enforcement partners every day. On the big screen, the military coup is foiled and the republic is saved in a matter of hours. 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. None of those things is going to happen without first experiencing a wakeup call on the level of losing currency reserve status. code or county). Since the assets are not written down to market, they remain at cost, so no loss appears on the financial statements. 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, genuine or not, those sentiments disappeared as the region descended into war. The myth of the hero cop really is a myth. For all of us independent news organizations, its no exception. That is, what happens when one party in this alleged social contract doesn't keep up its end of the bargain. The effective date is July 1, 2023. In its response to employees, the automaker said it would continue providing these vehicles. That is, global demand for the dollar helps createthe temporaryimpression that monetary inflation comes with few downsides. Thank you. After serving their time as active duty soldiers, Ukrainian conscripts remained in a reserve status, eligible to be recalled until the age of 55. As of 2014, 27 states had a mandatory duty to warn statue and nine other states allow mental health professionals to break privilege to warn possible victims. Its true what they say about following the money. Learn more To the average person, the system works for them so theres no need to ask too many questions. 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. Let's start with the happier portion of today's program first. Nonetheless, the meeting closes. The balance sheet is primarily an accounts receivable balance, perhaps the worlds largest, which is to say that the Fed owns debt, obtained by creating $8 trillion out of thin air and loaning it out. This misplaced patriotism about police and, by extension, the militarya dangerous re-shifting of the nations priorities that has been reinforced by President Trump with his unnerving knack for echoing past authoritarian tacticspaves the way for even more instability in the nation. 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. For years now, weve been told that cops need military weapons to wage the governments wars on drugs, crime and terror. A look backwards reveals police transportation has evolved: the first twin-engine Indian motorcycle was purchased in 1914; the first car, a 1924 Ford Runabout, which was totaled the very first week on the road in a high speed chase at 40 miles an hour. Various calculations can be done to put more context around this and provide additional food for thought. All eligible men are required to register through an online government portal. Dont Forget the Notes to the Financial Statements! Taxing all precious metals purchases has become an outmoded and even controversial practice in the United States. new conscripts wherever they may be. 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. Comments for Banking Crisis (Not the Fed) To Cause Recession? @2022 - AlterNet Media Inc. All Rights Reserved. Mind you, by government, Im not referring to the highly partisan, two-party bureaucracy of the Republicans and Democrats. Russia has also had an issue tracking down new conscripts. They are no longer officers whose jobs are to keep the peace. This attracts huge amounts of wealth to government Treasurys that otherwise would have gone into private-sector investments. (8) "Law enforcement agencies and personnel have no duty to protect individuals from the criminal acts of others; instead their duty is to preserve the peace and arrest law breakers for the protection of the general public." The ruling applies even for a woman who had obtained a . While we may not be able to force police to care about domestic violence, we should at least require officers on school grounds to intervene when a shooter starts to kill children. Typically, every Thursday Mrs. Doe goes out for lunch with friends, keeping decades' old friendships . reCAPTCHA and the Google Privacy Policy and People need guns. All this dollar profligacy has beenneither necessary nor advisable, yet maintaining global reserve currency statuscan helpregimes get away with this sort of thingfor decades. "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. According to the transcript: Diversity makes the Board stronger by providing different talents and perspectives that help make us more effective. Understandably so, considering that if taxpayers own gold or silver to protect themselves against the devaluation of Americas paper currency, thanks to the inflationary practices of the Federal Reserve, they frequently end up with a nominal gain when exchanging those metals back into dollars. To answer the initial question: How bad is it? 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. fitness centers that encourage a healthy lifestyle through exercise and indoor and outdoor sports. No one knows how bad it will get, and how large the Fed response will be, but dont expect a mild response any more than a soft landing. The Arkansas Legal Tender Act, introduced by Reps. Lundstrum (R - 18) and Sen. Dismang (R - 18), passed overwhelmingly out of the House by a vote of 82-8, passed unanimously out of the Senate with a 32-0 vote, and ultimately received Governor Sarah Huckabee Sanders signature on April 11. Trump and Kudlow, however, are not troubled by this. . 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. Answer (1 of 8): No. have received conscription notices after being detained by police. It seems like now the only ones they are serving and protecting are themselves while leaving the public in fear. 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 . 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. 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.. 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. All of this has taken place right under our noses, funded with our taxpayer dollars and carried out in broad daylight without so much as a general outcry from the citizenry. Passage of this measure will increase the states ranking dramatically. On Monday, though, a federal judge ruled that the government agencies " had no constitutional duty to protect students who were not in custody.". 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. One head scratcher is that there were only $2.258 trillion in Federal Reserve notes outstanding, which Note 3k explains as the currency circulating of the United States." The past year has been the most arduous of our lives. [Read More: "Why the Dollar Still Beats the Euro and the Yuan" by Ryan McMaken.]. Readers will recognize that this is precisely what the Fed has been doing and until theyre stopped, expansion of the balance sheet will continue to be its long run monetary policy. Banking Crisis (Not the Fed) To Cause Recession? 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. Back in2008, an Army War Collegereport revealed that widespread civil violence inside the United States would force the defense establishment to reorient priorities in extremis to defend basic domestic order and human security. The 44-page report went on to warn that potential causes for such civil unrest could include another terrorist attack, unforeseen economic collapse,loss of functioning political and legal order, purposeful domestic resistance or insurgency, pervasive public health emergencies, and catastrophic natural and human disasters.. 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. 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. The life-and-death nature of the job is used to push for extremely generous medical leave, overtime, and pay packages. In 1976, in Tarasoff v. Regents of University of California, the Supreme Court of California ruled that mental health professionals have a duty to protect people who are being threatened with harm by a patient. Police cars no longer say to serve and protect, is that because it was a lie that has become apparently obvious in the recent years. 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. If you would like additional information or have questions related to this article, please contact Lauren at 512.322.5808 or lsprouse@lglawfirm.com. 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. Its astounding how convenient weve made it for the government to lock down the nation. 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. They also prevented others from intervening. It starts with $102 billion paid to banks which park and lend their money to the Fed. Those in the system have little to no incentive to question where their salary is coming from, or what the greater economic impacts of their organization are. Or only if it involves domestic violence? So, for now,the dollar still reigns supreme, and being the regime whose currency enjoys global reserve status comes with many advantages. The sight of police clad in body armor and gas masks, wielding semiautomatic rifles and escorting an armored vehicle through a crowded street, a scene likened to a military patrol through a hostile city, no longer causes alarm among the general populace. That would require intervention as schools are gun-free zones.. Is Charging Parents in High School Shooting a New Legal Strategy? Its because police are no longer there to protect and serve. Men caughtbreaking curfewand getting intostreet fightshave received conscription notices after being detained by police. The motto, "To Protect and Serve," first coined by the Los Angeles Police Department in the 1950s, has been widely copied by police departments everywhere. How much a bank should lend is anyones guess, but with rates on the rise and the Feds Quantitative Tightening of last year, its understandable lending activity would decrease. 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. 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. 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. 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. Its quite tiny but Footnote 3 above refers to the $1.2 trillion loss, as follows: Because SOMA securities are recorded at amortized cost, the change in the cumulative unrealized gains (losses) is not reported in the Combined Statements of Operations. States all over the country are waking up to the precarious condition of Americas money. 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). This means more of a global willingness to absorb dollars into foreign central banks and foreign bank accounts even as the dollar inflates and loses purchasing power. Laws vary from state to state but police have a legal obligation to render aid and stop crime. At the same time, conscription appears to have been implemented as a new form of punishment. ", Police Have No Duty to Protect You, Federal Court Affirms Yet Again, Comments for Police Have No Duty to Protect You, Federal Court Affirms Yet Again, Print Police Have No Duty to Protect You, Federal Court Affirms Yet Again, had no constitutional duty to protect students who were not in custody, Police Botched the Uvalde Standoff. 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. And even though the program is all set to fire right back up with a word from the president, there's a sense that the draft is an issue from a different era. It has never been painted on most p. Arguments about the dangerous nature of police work drive the increasing militarization of police departments. 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. A second advantage:the fact the dollar dominates in global trade transactions means more global demand for US debt. 3 William Street Tranmere SA 5073; 45 Gray Street Tranmere SA 5073; 36 Hectorville Road, Hectorville, SA 5073; 1 & 2/3 RODNEY AVENUE, TRANMERE As weve seen, in times of financial crisis its not unheard of for Fed officials to work weekends! At FindLaw.com, we pride ourselves on being the number one source of free legal information and resources on the web. The women who had called police on account of intruders being in their houses, and then spending the next 14 hours being raped, werent owed the specific duty of police officers to protect them. The law doesnt require cops to protect the public. It continues to be a costly endeavor. IACP provides guidance on how officers in those situations should assess how to proceed with that rapid response. Tax ID# 52-1263436, conscription. Connect toPower & MarketviatwitterandRSS. For one, deficit spendingwhether for elective wars or welfare programsmust always be paid for, either in the form of price inflation (i.e., the inflation tax), or in terms of future ordinary taxation. The notes to the Feds Financial Statements read like a disclaimer at the end of an Rx drug commercial. If cities and states want their police to be more respected,. Comments for Dont Forget the Notes to the Financial Statements! 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. Yet the government nevertheless assesses a tax. Rather, the fault will liewith the decades of monetary and fiscal mismanagement made possible by the dollar's status as global reserve currency. Considering a school district police officer was on the scene before the shooter even entered the school, why did it take so long to end the shooting? Various resource groups exist to help manage this much diversity, including: Sadly, the Fed continues to discriminate against Austrians. Never mind the $16 billion dollar loss that was Never mind the $16 billion dollar loss that was capitalized, lets start with the $1.2 trillion dollar loss that never happened, as Page 43 explains: Under the column: Change in cumulative unrealized gains is the total of $1,208,223 (in millions), or $1.2 trillion, in a loss position. And additional states may pass their own exemptions this year. In return, these government agents will provide services. Comments for Round 2: Reading the Feds Balance Sheet, Print Round 2: Reading the Feds Balance Sheet, How to Read the Feds Statement of Operations, Comments for How to Read the Feds Statement of Operations, Print How to Read the Feds Statement of Operations, Mississippi Becomes the 43rd State to End Sales Taxes on Gold and Silver, Comments for Mississippi Becomes the 43rd State to End Sales Taxes on Gold and Silver, Print Mississippi Becomes the 43rd State to End Sales Taxes on Gold and Silver, Arkansas Passes Legal Tender Act, Removes Taxes on Gold and Silver, Comments for Arkansas Passes Legal Tender Act, Removes Taxes on Gold and Silver, Print Arkansas Passes Legal Tender Act, Removes Taxes on Gold and Silver. After all, even if the US central bank (the Federal Reserve)creates $8 trillion in new dollars in order to prop up US asset prices, much of the world will take those dollars out of US domestic markets, and this will reduce price inflation in the USat least in the short term. 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. There were four armed police officers, including one cop who was assigned to the school as a resource officer, on campus during that shooting. standing a certain way, or moving a certain way, or holding somethinganythingthat police could misinterpret to be a gun, police have no constitutional duty to protect members of the public from harm, Military Spending Is Already Bankrupting America, Americas Dirty Little Secret: Sex Trafficking of Young Girls, The State of Our Union: A House Divided, Enslaved & Mired in the Mistakes of the Past, Jesus Stood Up To The Roman Empire And Hed Resist US Empire Today, every situation as a deadly force encounter in the making, concerted effort to expand the police states power, Too often they appear to mean, to protect officers and serve the police force., even questioning police behavior is decried as disloyal, un-American, and dangerous. Required and excess reserve balances no longer exist, theyve been combined into reserve balances, and so, as the Feds FAQ shares: The Federal Reserve Banks pay interest on reserve balances. 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. And while young American men are still forced to register with the Selective Service, we have been fortunate to go without a draft for half a century, despite Washington's hyper-aggressive foreign policy. There's no excuse for that." 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. Shortly after the February invasion, Russia held its spring draft andconscripted134,500 people. Neither Trump nor Kudlow actually explain why maintaining reserve currency status is so important. 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. Yes, these are the very same banks the Fed regulates and bails out on occasion. The benefits beyond the standard salary and pension are numerous. Both sides have resorted to forcing a part of the population to put their lives on the line to serve the interests of the regimes in Kyiv and Moscow. 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. John W. Whitehead has taken on everything from human rights abuses in Saudi Arabia, protection of religious freedom, and child pornography, to family autonomy issues, cross burning, the sanctity of human life, and the war on terrorism in his weekly opinion column. This rush for US debt pushes down the interest rate at which the US government must pay on its enormous $30 trillion debt.
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