Ripped From The Headlines, March 11, 2024
State Of Washington Puts Gun Manufacturers On The Hook, Our Publishers On Caravan To Midnight, Bank Funding Ends - Read, Share, & Subscribe - SherlocExposes.com
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“A federal judge on Friday rejected a challenge to a Washington state law that cleared the way for lawsuits against the gun industry in certain cases.
The measure was one of three bills signed by Democratic Gov. Jay Inslee last year seeking to address gun violence.
It requires the industry to exercise reasonable controls in making, selling and marketing weapons, including steps to keep guns from being sold to people known to be dangerous or to straw buyers. It allows the attorney general or private parties, such as the family members of shooting victims, to sue for violations or damages under the state's Consumer Protection Act.
The National Shooting Sports Foundation, a trade association, challenged the law in U.S. District Court in Spokane, saying the measure violates the Second Amendment as well as the free-speech rights of its members.
U.S. District Judge Mary K. Dimke rejected the lawsuit in a decision Friday, saying the organization had not established legal standing to challenge the measure. She noted that its members were neither being sued under the law nor had expressed an intent to violate its terms.
‘This law protects Washingtonians from gun violence by ensuring that gun industry members face real accountability when their irresponsible conduct harms our communities,’ Democratic Attorney General Bob Ferguson, who is running for governor, said in a news release.”
THINGS TO PONDER:
Unfortunately for Washington lawmakers, criminals don’t follow the rules…
But that’s OK… they can just go after the people who make the weapons.
This law won’t do anything to actually stop violence, but it will allow grifters to grift… and likely end up at the Supreme Court where it will die… wasting taxpayer money in the process.
What Washington lawmakers could do, is stop coddling criminals and allowing behavior that leads to people shooting each other by providing an actual deterrent, and worrying less about “social justice” and gender pronouns…
Then again… there’s no money in the solution.
Just sayin’
Know Your Foe.
#ICYMI: Ripped From The Headlines Publishers Julianna Ormond & RC Williams on Caravan To Midnight w/ John B Wells
Julianna & RC covered several topics related to current events on Caravan To Midnight with John B Wells, reaching millions with the resources on Ripped From The Headlines, and our sister publication, We Are The Watchmen Weekly.
Watch the full interview by clicking below (the segment starts at the 1 hour 40 minute mark):
What if…
You would have known what was going to happen with the banking crisis…
You would have known the US government's plan for #CBDC…
You would have known about how the surveillance state was going to be weaponized against you…
A year before they happened?
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Click Here to read the full article.
“Wall Street banks are hunting for alternative ways to shore up their coffers as an emergency lending tool that helped resolve last year’s regional banking crisis expires.
The Bank Term Funding Program, which was established in March 2023 to restore confidence in the financial system after the collapse of Silicon Valley Bank, is set to stop doling out loans by Monday’s close. That’s reigniting the debate over whether the US financial system has the tools it needs to keep ample cash on hand.
It’s a crucial test for the Federal Reserve, which is still shrinking its balance sheet via so-called quantitative tightening after years of stimulus meant to spur a pandemic recovery. If cracks start to appear in the funding market, that process stands to stall — and the stability of the banking system could teeter again.
‘Even though funding conditions are stable, banks are still desiring elevated liquidity buffers,’ said Mark Cabana, head of US rates strategy at Bank of America Corp. “BTFP was just one reflection of that.’
Banks must now either allow those loans to roll off or find another source of financing. How they do so will determine whether the amount of liquidity in the system remains plentiful. It’ll also have an impact on whether the Fed can continue its balance-sheet unwind as planned — or if the central bank needs to slow the process down.
‘We’re not exactly in scarcity land, but we’re getting closer so it does make sense to slow down,’ said Gennadiy Goldberg, head of US interest rate strategy at TD Securities.
Banks choosing not to replace their BTFP loans would likely drain reserve balances, or the capital they put aside to ensure they can weather unexpected shocks.”
THINGS TO PONDER:
The last paragraph above is a BIG issue… and why the Basel 3 rules are so important.
Banks will have to go from 0% reserves to 20% almost instantly…
Which they can’t do…
And there’s the issue with the banking system that we’ve been warning about.
Prepare for turbulence, keep your head on a swivel, and look for opportunities to move your assets to safe havens, and for opportunities to get great deals on investments.
Brace For Impact.
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