Their salary, pensions and benefits are paid by the people they're arresting/silencing.

I went back to the original ticker, and I found more than I asked for.
It looks like the USGov is insuring Greek Debt through AIG.

I wonder if a 50% haircut is a credit event?

In an article linked in the original ticker:
http://www.eurosavant.com/2010/02/21/cds....

Quote:

London investment bankers name AIG as a further CDS-seller. That company had to be nationalized during the financial crisis due to its having written insolvency insurance on American mortgages. This debt-load would have led to the collapse of the world’s biggest insurer. Prior to the financial crisis AIG is said to have widely held State credit-risk. If yet-larger insurance positions on Greece exist, then the American government would have a strong interest in preventing that country’s insolvency.

I found the old ticker well worth a repeat. The thing I find completely dumb is as states have shortfalls, they have massively increased traffic fines, putting law enforcement in the position of being tax collectors. Sorry but that is not going to go toward building community relations.

Job scared. During layoffs the weak kneed are those who are let go. So you think you simply follow orders and everything works out ok? What if you are wrong and if there is indeed a reset? Remember, at least one politician said that if he were elected president he would set those harmed in judgment over those doing the harm.

For example, imagine investors in judgement over the SEC. Imagine taxpayers in judgement over the Treasury and the Federal Reserve. Imagine peaceful assembly protesters in judgement over police actions.

I believe at this point the reset is inevitable. At some point you have to deliver on the promises that you made and you know you can't and people are waking up to the fact that you can't. Do you think you will be long gone before the reset? Maybe if you're in your nineties...

Where are you going to go? Where are you going to hide?

Think it can't happen?

"Sixth, we're in a Depression"
Not a day goes by that I hear a Spokesperson on Television saying "we don't want to go into another recession, we're afraid of a double dip "

We have never come out of the recession/depression !!Damn liars -all of them.

"Seventh, close the damn border and declare all the illegal immigrants as what they are - invaders. Tell them to either leave or will expel them - and mean it. Declare "LaRaza" a terrorist organization and lock 'em all up."

Hasn't happened and won't happen !! PC is the rule !

Asking a cop to "do the right thing" may be akin to "disobeying orders" - a hard thing to ask of someone who is paid to do what they're told. They don't write, interpret, or change the law, they only enforce it. I'm not expecting much more from law enforcement. I think the clash might escalate; the rule of law needs to be enforced, and we know the orders being handed down will not be terribly sympathetic to the cause. Not suggesting all cops will follow orders, but in tough times, everyone with a job wants to keep it. It's a cruel irony, considering cops are not much different from us 99 percenters; just armed and a job to do.

This from Sipsey Street Irregulars is very pertinent to the two Tickers posted today about LEOs.

http://sipseystreetirregulars.blogspot.c....

Tad long, nevertheless, germane and mirroring of thoughts raised in these Tickers:

“Choose this day whom you will serve.”: An Open Letter to American Law Enforcement.

That was a great link, Az.

Check this out:

Quote:

Steven Greenhut: Rural rebellion brewing

By STEVEN GREENHUT / Special to the Register

SACRAMENTO – The nearly five-hour drive from the Sacramento area to Yreka, in Siskiyou County by the Oregon border, was a reminder not just of the immense size and beauty of California, but of the vast regional and cultural differences one finds within our 37-million-population state.

Sacramento is Government Central, a land of overly pensioned bureaucrats and restaurant discounts for state workers. But way up in the North State, one finds a small but hard-edged rural populace that views state and federal officials as the main obstacles to their quality of life.

Their latest battle is to stop destruction of four hydroelectric dams along the Klamath River – an action driven by environmentalists and the Obama administration. Most locals say the dam-busting will undermine their property rights and ruin the local farming and ranch economy, which is all that's left since environmental regulators destroyed the logging and mining industries.

These used to be wealthy resource-based economies, but now many of the towns are drying up, with revenue to local governments evaporating. Unemployment rates are in the 20-percent-and-higher range. Nearly 79 percent of the county's voters in a recent advisory initiative opposed the dam removal, but that isn't stopping the authorities from blasting the dams anyway.

These rural folks, living in the shadow of the majestic Mount Shasta, believe that they are being driven away so that their communities can essentially go back to the wild, to conform to a modern environmentalist ethos that puts wildlands above humanity. As the locals told it during the Defend Rural America conference Oct. 22 at the Siskiyou Golden Fairgrounds, environmental officials are treading on their liberties, traipsing unannounced on their properties, confronting ranchers with guns drawn to enforce arcane regulatory rules and destroying their livelihoods in the process.

The evening's main event: a panel featuring eight county sheriffs (seven from California, one from Oregon) who billed themselves as "Constitution sheriffs." They vowed to stand up for the residents of their communities against what they say is an unconstitutional onslaught from regulators in Sacramento and Washington, D.C. In particular, they took issue with the federal government's misnamed Travel Management Plan, which actually is designed to shut down public travel in the forests.

Plumas County Sheriff Greg Hagwood related the stir he caused when he said he "will not criminalize citizens for just accessing public lands." Siskiyou County Sheriff Jon Lopey reminded the crowd that county sheriffs are sworn to uphold the Constitution "against all enemies, foreign and domestic." These are fighting words.

Sheriff Dean Wilson of Del Norte County said he was "ignorant and naïve about the terrible condition our state was in." He came to believe that people were being assaulted by their own government. "I spent a good part of my life enforcing the penal code but not understanding my oath." Wilson and other sheriffs said it is their role to defend the liberties of the people against any encroachments – even if those encroachments come from other branches of government.

As someone who has covered law-enforcement issues in urban Southern California, it's refreshing to hear peace officers enunciate the proper relationship between themselves and the people. Increasingly, law enforcement is based on an authoritarian model, whereby police have nearly unlimited power, and citizens must obey, period. It's rare to hear peace officers who are willing to stand up against more powerful arms of the government in service to their oath to their state and county and who affirm that their job is to protect their citizens' inherent rights. It's even rarer to hear sheriffs complain about the excessive use of force by fellow officers, which was a theme on the panel when referencing federal agents.

I could pick nits. For all the complaining about the feds, Shasta County Sheriff Tom Bosenko had just been quoted in the newspaper praising the Obama administration for its crackdown on medical-marijuana clinics, even though California law clearly allows them. One's either for state control or not. I'm tired of conservatives who claim to be for states' rights when it suits them, but against states' rights on issues such as the drug war. Still, it was clear whose side the sheriffs were on regarding a battle that goes beyond the sparsely populated northern regions.

The people in Siskiyou were echoing points I've heard throughout rural California. As they see it, government regulators are pursuing controversial policies – i.e., diverting water from farms to save a bait fish, the Delta smelt, clamping down on carbon dioxide emissions to address global warming even if it means driving food processors out of the Central Valley, demolishing dams to increase a population of fish that isn't endangered – without caring about the costs to rural residents.

When resource-related jobs leave rural areas, there aren't many other ways for residents to earn a decent living. Society collapses, and poverty expands. There aren't enough tourist-oriented gift shops to keep everyone gainfully employed.

I hadn't been in Yreka long before someone related a popular joke: A federal agent shows up at a farm and demands to check out the property. The farmer says OK, but tells him not to go over to one pasture. Then the agent arrogantly tells him he has a badge from the federal Environmental Protection Agency and can go wherever he darn well pleases. The farmer says OK. A few minutes later, the agent is running for his life from a bull. The agent calls for help, so the farmer goes to the fence and yells: "Show him your badge."

It's funny but anger-inducing. We've got a real sagebrush rebellion brewing in rural California. Urban legislators can ignore it at their own peril.

http://www.ocregister.com/opinion/county....

Hat tip Instapundit. And Glenn adds, "Just 'occupy' the water pipelines to the cities and you’ll get noticed. But expect less favorable press treatment than the OWS folks got."

the herd mentality doesn't just apply to regular citizens.

Too funny.

The system is the crime. Looting, shearing sheeple is our largest, wealth making industry.
( I'm waitng for the dictator. And Skittles. Lots and lots of Skaittles. )

I would merely note that the politicians merely flap their gums. It is "Law Enforcement" who put their words, HOWEVER unconstitutional those words may be, into action. When the time comes, be sure to thank those most truly responsible for where we are. And here's a hint for you - that AIN'T the flapping gums.

Quote:

Plumas County Sheriff Greg Hagwood related the stir he caused when he said he "will not criminalize citizens for just accessing public lands." Siskiyou County Sheriff Jon Lopey reminded the crowd that county sheriffs are sworn to uphold the Constitution "against all enemies, foreign and domestic." These are fighting words.

I'd be curious if his principles count to everything in the Constitution. Would he look the other way if someone was exercising their rights without a permit? What if they had a few plants the government has decided to outlaw growing on their property?

Agreed Matism, the police always had the power to nullify unconstitutional laws...they chose not to and instead to profit from them.

Quote:

Let's not do anger on a mass scale in this country, ok?

Neither I or my daughter will appreciate it if it happens; shall we skip that and go right to "acceptance"?

What if our forefathers had just gone right for acceptance?

Hey when you think you(cop) are above the law anything is possible...

"Late For Work, Florida Officer Accused Of Going 120 Mph"

To his second job as security at a school...

Read more: http://www.foxnews.com/us/2011/10/29/lat....


Then we have this for just a good laugh...

http://www.youtube.com/watch?v=EDA7_9vYZ....

Thank you Genesis for that Reprise: "How Long Before......."!

That is beautifully written, with sincere passion.

I believe it is an axiom that whether people presently recognize or deny the truth, eventually, sooner or later, all will have to 'live by the truth', or serve and be served by the truth.

On reading that Ticker Reprise and the comments elicited thereby, there was one word that jumped at me, just one crucial word, which I suggest considering in more depth: "luxury". I just feel that "doing the right thing" is not a luxury. It is a DUTY.

Quote:

......if the bad times come you will need us, not the other way around. We the people will, under such a circumstance, have the luxury of determining whether your oath of office has been faithfully discharged.......

The truth will be recognized when whatever is going to happen as a consequence of what has happened in the past.......actually happens. At that point in time it is likely that the escalating scale of events along with their speed of escalation will not allow much time for people to question what they should do when called upon to "DO the Right Thing" in a critical situation in which waiting for official help is not an option.

A luxury is not a necessity, while duty means an obligation. In this case the obligation is that we owe a debt to those who came before us in this great country who gave to us the quality of life which we have enjoyed. We owe commitment of our effort to defend and protect what has been built for posterity: continuing future quality of life.

It has been my experience that in some places (like some neighborhoods, for example, and in America during certain times past for another) most people have a creative power to do the right thing as best they are able when in a crunch. We really need more people in more "places" to be thinking that way.

And to answer your question "How Long Before....." my best answer is that the sooner we spread the necessary attitude (part of our duty), the more prepared people will be to do the right thing. The majority will recognize the truth when it "happens to them". And the right thing for people to do now who have the right attitude to serve the truth to others, is to actually make a conscious effort to "mentor", or help other people to have the right attitude.