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. Tu ne cede malis,sed contra audentior ito, Website powered by Mises Institute donors, Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. And embracing the inherent danger of policing is supposed to be part of the ethos of protecting citizens from. 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. If you would like additional information or have questions related to this article, please contact Lauren at 512.322.5808 or lsprouse@lglawfirm.com. 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. Copyright 2023, Thomson Reuters. Let's start with the happier portion of today's program first. Cops are no more noble, no more self-sacrificing, no braver and certainly no more deserving of special attention or treatment than any other American citizen. To protect and serve is not just a slogan for police cars Survivors of a school massacre already unsuccessfully tried to sue police for not acting after the Parkland shooting. Taxing all precious metals purchases has become an outmoded and even controversial practice in the United States. 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. All eligible men are required to register through an online government portal. It continues to appear on the Department's patrol cars as a symbol of commitment to service. Print Banking Crisis (Not the Fed) To Cause Recession? LAPD Motto - LAPD Online Nevertheless, we are told there is an agreement here a "social contract" between government agencies and the taxpayers and citizens. The deferred asset is the amount of net excess earnings the Reserve Banks will need to realize in the future before remittances to the Treasury resume. Mind you, by government, Im not referring to the highly partisan, two-party bureaucracy of the Republicans and Democrats. In 2023, bills to restore sound,constitutional money have also been introduced inAlaska, Iowa, West Virginia,South Carolina,Missouri,Minnesota,Tennessee, Montana, Idaho, Wyoming, Kansas, and more. 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. Police do not need guns. There are real-world harms that follow from the myths perpetuated by police unions. This reality does belie the often-made claim, however, that police agencies deserve the tax money and obedience of local citizens because the agencies "keep us safe.". Police no longer consider their responsibilities to include "protecting and defending" the rights of the people. Invest with us. CIA Front Threatens Color Revolution in Georgia, How Israeli cyber weapons are taking over Latin America. Why are police no longer respected? What happened to Protect and Serve? Thank you. Until recently, officials could only deliver draft notices to someone's home address. Its astounding how convenient weve made it for the government to lock down the nation. Custody is narrowly confined to situations where a person loses his or her freedom to move freely and seek assistance on their own such as prisons, jails, or mental institutions., The US Supreme Court has made it clear that law enforcement agencies are not required to provide protection to the citizens who are forced to pay the police for their "services.". On the big screen, the military coup is foiled and the republic is saved in a matter of hours. Banking Crisis (Not the Fed) To Cause Recession? 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. 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. Nonetheless, the meeting closes. The Public Duty Doctrine, or Duty to Rescue, only applies when there is a special relationship.. 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. Answer (1 of 8): No. 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 . Zelensky alsoauthorizedthe "release" of convicts with combat experience to bolster Kyiv's forces. At the same time, conscription appears to have been implemented as a new form of punishment. The other section deserving of consideration is on Page 24, where the deferred asset (capitalized loss) of $16 billion is explained. 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. Consider it as an IOU the Fed holds, literally pieces of electronic paper that says the United States Government and countless mortgage holders owe the Fed $8 trillion plus interest. 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. 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. Laws vary from state to state but police have a legal obligation to render aid and stop crime. The "shopcam" recordings seen on The Rookie are an invention for that show. The war in Ukraine serves as a reminder that conscription is not extinct. Yes, these are the very same banks the Fed regulates and bails out on occasion. Even worse, should the banking crisis be only a small partof the problem, the Feds desire to intervene will be even greater. 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 case of police action in Uvalde, there are many possible legal strategies by which to hold them accountable. This, however, can only continue until the dollar's reserve status ends or even significantly weakens. The yuan is a fifth-place also-ran in the currency race. In fact, police dont usually need much incentive to shoot and kill members of the public. To Protect and Serve: Policing Your Intellectual Property Prefer to give a one-time tip? But at the end of last year, Russia's military commanders said they could no longer supply troops in the city and the west bank of the Dnipro River that it sits on. police cars no longer say to protect and serve. All four cops stayed outside the school with their weapons drawn (three of themhid behind their police cars). 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. Yet, it not the end of reserve currency status that is to blame for the inflationist pain. Arguments about the dangerous nature of police work drive the increasing militarization of police departments. Senate Bill 2862 goes into effect on July 1, 2023. TheInternational Association of Chiefs of Police, for instance, says, "Taking action during active shooter incidents, rather than waiting for specially equipped and trained officers, can save lives and prevent serious injuries.
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