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Archive for September 2010

Yes, Washington, we are in a Depression!

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(Originally published July, 2008)

“All the factors which make for a quick and speedy industrial and economic recovery are present and evident. The Federal Reserve System is operating, serving as a barrier against financial demoralization. Within a few months industrial conditions will become normal, confidence and stabilization in industry and finance will be restored.” William Green, AFL-CIO, November 22, 1929

(The National Bureau of Economic Research declared the current “recession” which began in December 2007 is over. Really?)

So I now read that the Federal Reserve is unveiling “new” rules supposedly aimed at protecting us. Of course, they say nothing about the U.S. Dollar losing almost 100% of its value since 1913.

Officially, no we are not in a recession. The economy is not in recession until a panel at a private institution called the National Bureau of Economic Research says so.  Unofficially, many economists think a recession started six or seven months ago, even as the economy has continued to expand — albeit at a tepid pace.

Basic economics (something they didn’t teach in school) tells us that the more there is of a good, the less valuable it becomes. This is also true of money. The dollar is worth four cents of what it was when the Federal Reserve was created in 1913.

For example, a house that costs around $150,000 today would have sold in the range of $7,000-$8,000 in 1913. Either Ben Bernanke is a clueless nitwit or really evil depending on his state of mind.

The Federal Reserve creates inflation when it issues US dollars backed by government debt otherwise known as “fractional reserve banking”. The more “money” the Federal Reserve creates – the less your Federal Reserve “money” will buy.

From 1913 to 2001 the national debt grew to $6 trillion. Over the next three years it increased to $7 trillion dollars. In the following year it increased sharply to over $8 trillion dollars. The national debt is now well over $9 trillion dollars! (A little over two years later, it stands at around $13.5 trillion).

Let’s face it people. The Federal Reserve as well as the legislative branch (Congress) and the executive branch (President) are all responsible for this current mess as well as past and inevitably future bubbles and collapses. The ‘Fed’ does not stabilize the economy. If so, why did the Great Depression among other economic calamities occur on their watch? Something to think about.

Written by chrisforliberty

September 21, 2010 at 11:43 am

Posted in Banking/Money

Do you have a right to police protection?

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‎”Anarchism is not a romantic fable but the hardheaded realization, based on five thousand years of experience, that we cannot entrust the management of our lives to kings, priests, politicians, generals, and county commissioners.” Edward Abbey

(Originally published October, 2008)

I’ve long been interested in court cases especially as it relates to matters of constitutional law. Specific cases would include the 2nd Amendment and how ironic that assailants of the 2nd Amendment say it is okay to trample on it (as well as the whole document itself) by claiming that the police will protect you and thus you don’t need a firearm for self-defense. Guess what? They are lying!

This past Wednesday, an employee at the Knoxville Center Mall was shot to death. Now yes, police officers were on the scene within four minutes, but the damage was already done. The police don’t prevent crimes. They only show up after the fact if they do at all. “If they do at all?” you ask. Yes. If they do at all. The police are not legally obligated to respond to any calls. So, you would not have legal case against them. There is plenty of case law that proves this to be true, two cases in particular. It call comes down to the general duty of the government (as if) and special relationships between particular parties.

“Here the effort to separate the hostile assailants from the victims — a necessary part of the on-scene responsibility of the police — adds nothing to the general duty owed the public and fails to create a relationship which imposes a special legal duty such as that created when there is a course of conduct, special knowledge of possible harm, or the actual use of individuals in the investigation.”

The D.C. Court of Appeals went on to say that it is a `fundamental principle of American law that a government and its agents are under no general duty to provide public services, such as police protection, to any individual citizen.”
Warren v. District of Columbia, 444 A.2d 1 (D.C. Ct. of Ap., 1981).

The law in New York remains as decided by the Court of Appeals case Riss v. New York: the government is not liable even for a grossly negligent failure to protect a crime victim. In the Riss case, a young woman telephoned the police and begged for help because her ex-boyfriend had repeatedly threatened “If I can’t have you, not one else will have you, and when I get through with you, no one else will want you.” The day after she had pleaded for police protection, the ex-boyfriend threw lye in her face, blinding her in one eye, severely damaging the other, and permanently scarring her features. “What makes the City’s position particularly difficult to understand”, wrote a dissenting opinion, “is that, in conformity to the dictates of the law, Linda did not carry any weapon for self-defense. Thus by a rather bitter irony she was required to rely for protection on the City of New York which now denies all responsibility to her.”
Riss v. New York, 22 N.Y.2d 579, 293 N.Y.S.2d 897, 240 N.E.2d 860 (1968)

In other words this means the only people the police are duty-bound to protect are criminals in custody, and other persons in custody for such things as mental illness. YOU have no recourse if the police fail to respond or fail to protect you from injury! Self-defense is your own responsibility.

Written by chrisforliberty

September 14, 2010 at 12:51 am

Posted in Politics, Uncategorized