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. Also consider how ideas like liquidity crisis, lending crisis, or credit crunch, have been mentioned since the banking crisis of 2007-09. [Read More: "Why the Dollar Still Beats the Euro and the Yuan" by Ryan McMaken.]. Men caught. And, by the very nature of being a contract, we are meant to believe this is a two-way street. Hopefully theres another way, but if not, the conclusion is clear: If the Fed refuses to cut expenses by reducing interest paid to banks, then the only way for the Fed to make more money is for the Fed to make more money.. Only $446 billion was held in the Treasurys general account. Tax ID# 52-1263436, conscription. If Police Don't Have to Protect the Public, What Good Are They? 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.". Seventeen people, most of them teenagers, died while the cops opted not to intervene. 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. That is, what happens when one party in this alleged social contract doesn't keep up its end of the bargain. Weve always understood the importance of calling out corruption, regardless of political affiliation. 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. 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. None of this is good for the productive people in the US. It continues to be a costly endeavor. Let's start with the happier portion of today's program first. Police Officers Threaten to Quit If the Public Keeps Demanding Accountability, Police: We're the Experts Don't You Dare Criticize Us, Lack of Police Accountability Shows the "Social Contract" Isn't Working, The Problem with "Just Do What the Cops Say and You Won't Get Hurt", Comments for 23,000+ People Work at the Fed, It's a Good Thing for Ordinary Americans If the US Loses Reserve Currency Status, Comments for It's a Good Thing for Ordinary Americans If the US Loses Reserve Currency Status, Print It's a Good Thing for Ordinary Americans If the US Loses Reserve Currency Status, creates $8 trillion in new dollars in order to prop up US asset prices, Why the Dollar Still Beats the Euro and the Yuan, government spending in itself distorts the economy, the pound sterling lost its status as reserve currency in the 1930s, Ukraine War Offers Glimpse at Modern Conscription, Comments for Ukraine War Offers Glimpse at Modern Conscription, Print Ukraine War Offers Glimpse at Modern Conscription. 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. 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. A consideration of these facts does not necessarily lead us to the conclusion that law enforcement agencies are somehow on the hook for every violent act committed by private citizens. Police No Longer Serve and Protect the Public Old police motto: 'protect and serve' now 'comply or die' To Protect and Serve | Disney Wiki | Fandom 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. Police have no responsibility to protect individuals (reference) In a truly free market, a bank would have the ability to either lend money or keep it on reserve as there would be no central bank to offer a third choice. Cops in America may get paid by the citizenry, but they dont work for us. Contact us. In the cases DeShaney vs. Winnebago and Town of Castle Rock vs. Gonzales, the supreme court has ruled that police agencies are not obligated to provide protection of citizens. Kudlow laments that a toppling of the dollar from that perch"seems to be the direction we're going in. Steady income, great benefits, probably not too much stress, and likely have little risk of being fired over things such as failure to meet profitability targets. By 2009 over $1 trillion was held there, and in 2021 over $4 trillion. The first advantage is reserve currency status brings a greater global demand for dollars. Consider the words, "law enforcement". Contributions are tax-deductible to the full extent the law allows. Perspective: To Protect and Serve - A Vision for Law Enforcement There are about 23,000 people too many, working in the Federal Reserve System. 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. the draft and forced men to fight the people of eastern Ukraine who didn't want to live under the new government in Kyiv. Has anyone noticed that police cars no longer say "to protect and serve Even government agencies with largely administrative functions such as the Food and Drug Administration, Department of Veterans Affairs, and the Smithsonian have been acquiring body armor, riot helmets and shields, cannon launchers and police firearms and ammunition. Moscow's forces still control . Or only if it involves domestic violence? Visit our attorney directory to find a lawyer near you who can help. 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. Isnt that the definition of a caregiver required to act? 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. 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 latest decision adds to a growing body of case law establishing that government agencies including police agencies have no duty to provide protection to citizens in general: 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. Lending programs like the Paycheck Protection Program, and all the other bank assistance schemes, appear more suspect when we remind ourselves that the banks had trillions of dollars earning interest at the Fed this entire time. Supreme Court precedent holds that American police have no legal obligation to protect the public. This measure builds on momentum on sound money from previous Arkansas legislative sessions. Passage of this measure will increase the states ranking dramatically. We know students kept calling. A 10 p.m. curfew was in effect, April 28, 2015 (AP/David Goldman). Its almost as if the Fed only makes money when it expands its balance sheet, meaning the only way out of this is to inflate the money supply. Following last February's shooting at Marjory Stoneman Douglas High School in Parkland, Florida, some students claimed local government officials were at fault for failing to provide protection to students. Cops have no specific legal duty to individuals. Tillis and Colleagues Reintroduce the Protect and Serve Act to Punish 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. A Fed that does not pay interest on reserves would bring us a step closer to such a market. Additionally, any risk of a severe downturn leading to mass layoffs likely doesnt apply to them. Men caughtbreaking curfewand getting intostreet fightshave received conscription notices after being detained by police. The fact that the Fed has the power to enact this change, literally tomorrow, but continues not to, speaks volumes. 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. So a state agency could not be held responsible for not intervening in the actions of a private individual. 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. Unfortunately, last month gave the world a glimpse of what is to come inthe next recovery. With the passing of time, the motto received wider exposure and acceptance throughout the department. However, such gains are not necessarily a real in terms of translating to an actual increase in purchasing power. ZIP reCAPTCHA and the Google Privacy Policy and Epson, you earn a gold star. 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. 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. Police cars no longer say to serve and protect, is that - Reddit So it would appear that police, upon realizing that people. 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. Keep in mind that this is just an average and rough estimate. Or, asReuters put itin 2019, the dollar is used for at least half of international trade invoicesfive times more than the United States share of world goods importsfuelling demand for U.S. assets. Those assets include US government debt. Should Trump be allowed to hold office again? If we take this $5 billion and divide it by the Feds 23,000 employees, we arrive at a cost of approximately $217,000 per employee. 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. The interest rate on the Feds US Treasuries held are not disclosed in its financial statements, but the interest rate on its nearly $3 trillion Mortgage-Backed Securities is: Nearly $2 trillion earns the Fed 1.5% to 2.5%, whereas the Fed pays 4.9% on the $3 trillion that banks hold on reserve. Yes there are a VERY FEW law enforcement officers who don't do the very best they can for American citizens. It says that protection from crime isn't an affirmative right so you can't blame police for crimes they don't stop. 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). Letter: No mention of serving all in California's police oath 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. 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. And the lack of condemnation, or even interest, from our fellow Americans should concern all advocates of self-ownership. PNP Change of Command Ceremony and Retirement Honors for Police General At the same time, conscription appears to have been implemented as a new form of punishment. In fact, there are now at least120,000 armed federal agents carrying such weaponswho possess the power to arrest. All they have is the ability to print more money and lower rates, so its difficult to imagine "low" inflation during any alleged recovery. 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. CurrentlyArkansasisranked 30thout of 50 in the2023 Sound Money Index. Its true what they say about following the money. The public therefore receives no details as to how the Board of Governors spent this $2 billion. Do police have a duty to protect anyone? - American Thinker 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. Eventually, the Border Patrol team got a janitor to unlock the classroom door. 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. The yuan is a fifth-place also-ran in the currency race. New York, 22 N.Y.2d 579,293 N.Y.S.2d 897, 240 N.E.2d 806 (1958). Terms of Service apply. One can only hope that those within the Board of Governors know exactly what theyre doing, and simply dont care about the capital destruction, currency debasement, and boom-bust cycle they create; if not, then the conclusion becomes much more terrifying. There were four armed police officers, including one cop who was assigned to the school as a resource officer, on campus during that shooting. 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. The question is no longer whether the U.S. government will be preyed upon and taken over by the military industrial complex. 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. The purpose of this universal language of assistance is to: Enhance officer and public safety by reducing the likelihood of road accidents. 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. 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. Under HB 1718, the era of taxing gold and silver in Arkansas has come to an end. Why are police no longer respected? What happened to Protect and Serve? The Reserve Banks remit excess earnings to the Treasury after providing for the cost of operations, payment of dividends, and reservation of an amount necessary to maintain surplus at the aggregate surplus limitation. But as courts have determined, they have no obligation to do that. There are real-world harms that follow from the myths perpetuated by police unions. 100 Year Anniversary - City of Fort Collins On the big screen, the military coup is foiled and the republic is saved in a matter of hours. And we no longer live in a constitutional republic. The notes reveal that all is not well with the Fed, and these heavy losses can be squarely attributed to its own policy. police cars no longer say to protect and serve In 2014, Elliot Rodgers sent his therapist a manifesto before killing six people and himself. 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. Current Projects. 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.. Of course, if police dont follow up on the warnings, this law doesnt do much good. [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.. new conscripts wherever they may be. It's going to happen regardless of our feelings on the matter. A passenger looks out at the 36th Street subway station on April 13, 2022, where a shooting attack occurred the previous day. 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. On the other, seldom talked about side of the balance sheet, are the liabilities: The liabilities primarily consist of money the Fed owes to others. 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. Answer (1 of 8): No. Is it true or false that police are no longer required to protect and 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. Legal scholar Carl Rizzi argues the public duty doctrine should assume a special relationship between police and students.