For all of us independent news organizations, its no exception. code or county). And the lack of condemnation, or even interest, from our fellow Americans should concern all advocates of self-ownership. The Public Duty Doctrine, or Duty to Rescue, only applies when there is a special relationship.. Contributions are tax-deductible to the full extent the law allows. Neither Trump nor Kudlow actually explain why maintaining reserve currency status is so important. The "shopcam" recordings seen on The Rookie are an invention for that show. Most recently, Tennessee ended this tax in 2022, and Arkansas and Ohio eliminated this tax in 2021. We favor individual freedom, honest history, and international peace, in the tradition of Ludwig vonMisesand Murray N.Rothbard. When the Fed eventually pursues the road to profitability via Quantitative Easing, it will come with devastating consequences. With strong support from the Sound Money Defense League and grassroots activists, Arkansas passed SB 336 in 2021, ending state sales taxes on purchases of gold and silver. A profitable Fed may be even more dangerous than an unprofitable Fed. Since the assets are not written down to market, they remain at cost, so no loss appears on the financial statements. We know the first 911 call occurred before he even entered the building. This loss represents the decline in fair market value of the Feds US Treasuries and Mortgage-Backed Securities (debt) holdings. Members concurred that the U.S. banking system is sound and resilient. The Fed continues to place fault on the banking sector, as explained: Given their assessment of the potential economic effects of the recent banking-sector developments, the staffs projection at the time of the March meeting included a mild recession starting later this year, with a recovery over the subsequent two years. 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. And embracing the inherent danger of policing is supposed to be part of the ethos of protecting citizens from. 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. 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. After all, even after the pound sterling lost its status as reserve currency in the 1930s, it did not disappear. It starts with $102 billion paid to banks which park and lend their money to the Fed. That means higher interest rates for the US government and less of an ability to finance the welfare-warfare state by inflating the currency. Cops in America may get paid by the citizenry, but they dont work for us. The mandatory term of military service for Russian men was rolled back to one year in 2008. In the American police state, police have a tendency to shoot first and ask questions later. Dividing this figure by 23,000 people equals around $304,000 per employee. It says that protection from crime isn't an affirmative right so you can't blame police for crimes they don't stop. However, those in the upper echelon of the Fed may require a much more impregnable conscience. 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. or click here to become a subscriber. Sadder is the reasons don't matter. Taxing all precious metals purchases has become an outmoded and even controversial practice in the United States. In other words, you can be outraged that cops in Florida did nothing to stop the school shooter, but technically, it wasnt part of their job description. Last Wednesday, after a 24-hour search, a suspect was apprehended in the New York City Sunset Park subway shooting that . The public therefore receives no details as to how the Board of Governors spent this $2 billion. 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. Various resource groups exist to help manage this much diversity, including: Sadly, the Fed continues to discriminate against Austrians. 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. Truly, therewould be a revolution before tomorrow morningif everyone understoodwhat government has done to our money. There are instances when we do require people to intervene in order to warn, protect or rescue, but rarely are those people police officers. Even worse, should the banking crisis be only a small partof the problem, the Feds desire to intervene will be even greater. 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. 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. All rights reserved. Weve allowed ourselves to be acclimated to the occasional lockdown of government buildings,Jade Helmmilitary drills in small towns so that special operations forces can get realistic military training in hostile territory, and Live Active Shooter Drilltraining exercises, carried out at schools, in shopping malls, and on public transit, which can and do fool law enforcement officials, students, teachers and bystanders into thinking its a real crisis. Power & Marketis publishedCC4, unless denoted otherwise. Prefer to give a one-time tip? All they have is the ability to print more money and lower rates, so its difficult to imagine "low" inflation during any alleged recovery. So, for now,the dollar still reigns supreme, and being the regime whose currency enjoys global reserve status comes with many advantages. It seems like now the only ones they are serving and protecting are themselves while leaving the public in fear. In 2005, in Castle Rock v. Gonzalez, the Supreme Court relied on this precedent when it ruled that police have no duty to protect (or arrest or intervene) even when there is a protective order in place or a law mandating arrest if the abuser violates the order. 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. 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. It is how we have gone from a Nation of laws, where the least among . Men are being stopped in the street and questioned about their draft status. Lauren Sprouse is an Associate in the Firm's Litigation and Employment Law Practice Groups. Anecdotally, other than mortgage loans, small business owners can attest that banks havent been lending to main street for a long time, save for government backed programs. 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. Or only if it involves domestic violence? With the stroke of Gov. In the real world, however, the plot thickens and spreads out over the past half century. Banking Crisis (Not the Fed) To Cause Recession? the draft and forced men to fight the people of eastern Ukraine who didn't want to live under the new government in Kyiv. 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. The question is: How bad is it? 134,500 people. Mass shootings have become so common I had cause to write an article explaining the link between domestic violence and mass shootings a year ago. Like the money supply, there is no upper limit on how much profit the Fed could make by simply flooding the world with trillions of additional dollars to buy every bond and possibly stock in sight. 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. Individual people have tried to sue them for not preventing a crime against them. However, such gains are not necessarily a real in terms of translating to an actual increase in purchasing power. 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 fact, China's currency, the yuan,doesn't even posea threat to the dollar. In return, these government agents will provide services. 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. reCAPTCHA and the Google Privacy Policy and Russian conscription followed a similar trajectory to Ukraine's after the fall of the USSR. As one commentator remarked, Protect and Serve are the words we see on the side of many police cars and is the motto of most police forces. 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. 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.". Under HB 1718, the era of taxing gold and silver in Arkansas has come to an end. And when people have guns, nobody needs police..