Power & Marketoffers a contrarian take on world events. 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. Trump and Kudlow seemingly can't tell the difference between what is good for the US government, and what is good for the people. In 2022 the Fed paid about $4 billion in salaries in addition to the$1 billion it paid in pension costs. Today, over a year into the invasion, Ukraine is relying more on conscripts as their losses mount. It has even gone on to fight proxy wars, funded drone strikes across the globe, as well as post-secondary education. A more likely scenario is that the dollar will weaken considerably but will remain among the most often used currencies. 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. 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. 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. 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. The reality is likely that closer to 80% of the employees only make around $100,000 while the remaining 20% make a lot more. They also prevented others from intervening. States all over the country are waking up to the precarious condition of Americas money. We could simply look to Norway and Switzerland to see that. In 2021 there were over 23,000 people employed by the Federal Reserve System. Earlier this month, Larry Kudlow insisted that it is "it's incumbent on the U.S. government, no matter who's in power, to maintain the reserve currency status of the dollar." This is no longer a government of the people, by the people, for the people.. 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. CIA Front Threatens Color Revolution in Georgia, How Israeli cyber weapons are taking over Latin America. 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. Is "protect and serve" just paint on cop cars as civilian safety is no Rounding out the expenses are the administrative costs of running a central bank. 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. code or county). Given that were living at a time when the risk of bank-runs have become a real threat, its almost comical to think banks would lend too much, or wouldnt benefit by increasing their own reserve amounts, so claims to the contrary seem unfounded. 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. The war in Ukraine serves as a reminder that conscription is not extinct. In their dissenting opinion, Justices John Paul Stevens and Ruth Bader Ginsburg said, "it is clear that the elimination of police discretion was integral to Colorado and its fellow states' solution to the problem of underenforcement in domestic violence cases." And we know it took an hour and 20 minutes for police to kill the shooter and stop the rampage. PNP Change of Command Ceremony and Retirement Honors for Police General Various calculations can be done to put more context around this and provide additional food for thought. Police occasionally face consequences for their actions, like when Minneapolis officer Derek Chauvin was convicted of murdering George Floyd. The U.S. Supreme Court has also ruled that police have no specific obligation to protect. Also consider how ideas like liquidity crisis, lending crisis, or credit crunch, have been mentioned since the banking crisis of 2007-09. After all, even after the pound sterling lost its status as reserve currency in the 1930s, it did not disappear. Lauren Sprouse is an Associate in the Firm's Litigation and Employment Law Practice Groups. 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. No matter how they do it, it will probably be extremely dangerous. In its 1989 decision inDeShaney v. Winnebago County Department of Social Services, the justices ruled that a social services department had no duty to protect a young boy from his abusive father. Chief of the Philippine National Police, retirement | 297K views, 1.1K likes, 812 loves, 1K comments, 873 shares, Facebook Watch Videos from Radio Television Malacaang - RTVM: President Ferdinand R.. the draft and forced men to fight the people of eastern Ukraine who didn't want to live under the new government in Kyiv. Colorado Cop Sentenced to 5 Years for Breaking Old Lady's Arm and Laughing about It. Almost two decades ago the Fed started paying interest on bank reserves. With few eligibility exceptions available and a brutal front line, the stricter rules have many Ukrainian men fearing for their safety.
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