Border Crisis: Catch and Release Only Works on Illegals, not Vintage Bagpipes

Staff Writer, DL Mullan
Border Crisis / Government
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In an article from pipes | drums, we learn there is a crackdown at the US-Canadian border, but it's not of illegal entry into either country, the crackdown is on ivory.

We all know trafficking ivory is a bad idea and items that used to be made of ivory like piano keys and bagpipe mounts can be made with plastic. When in competition, some pipers take their vintage and heirloom instruments.

That requires notifying the right governmental agencies and filling out paperwork with exorbitant fees. It's $238 dollars one way to go from the US to Canada. Roundtrip costs a piper around $500 to compete. 

In a huge example of hypocrisy, the US government confiscated the bagpipes of two returning Americans because the vintage instruments had ivory on them. The border/customs officers could have made the boys fill out more paperwork and eventually returned the instruments if those officers felt something was amiss, but now the word is that the bagpipes will never be returned. 

Talk about lacking common sense.

The US government can allow anyone illegally to pass through our borders, give them aid and shelter, and call them erroneously refuges to gain UN support for the creation of another failed continental union, but far be it for some vintage bagpipes with some ivory to get through.

What is going on here?

What's next? Are officers going to confiscate pianos from the 1800's to the early1960's because the instruments have old ivory keys? 

Let's get real. The instruments are vintage. The pipers should not have to fill out paperwork or pay fees to take their instruments out of the country.  

Give these young men back their bagpipes and let's move onto more pressing matters like actual illegal activity on the border! 

Source: pipes | drums 

“No piper I know of supports the use of ivory today for new bagpipes,” said one piper who commented but did not wish his name to be used. “This looks like some sort of effort by officials to seize as much ‘contraband’ as possible to fulfill their job quotas. It’s absolutely idiotic.” - See more at: http://www.pipesdrums.com/article/confiscated-two-vintage-bagpipes-seized-at-us-border/#sthash.Ap18Pw7j.dpuf

Confiscated! Two vintage bagpipes seized at US border - See more at: http://www.pipesdrums.com/article/confiscated-two-vintage-bagpipes-seized-at-us-border/#sthash.Ap18Pw7j.dpuf

Confiscated! Two vintage bagpipes seized at US border - See more at: http://www.pipesdrums.com/article/confiscated-two-vintage-bagpipes-seized-at-us-border/#sthash.Ap18Pw7j.dpuf

Confiscated! Two vintage bagpipes seized at US border - See more at: http://www.pipesdrums.com/article/confiscated-two-vintage-bagpipes-seized-at-us-border/#sthash.Ap18Pw7j.dpuf

Confiscated! Two vintage bagpipes seized at US border - See more at: http://www.pipesdrums.com/article/confiscated-two-vintage-bagpipes-seized-at-us-border/#sthash.Ap18Pw7j.dpuf

(Updated) Confiscated! Two vintage bagpipes seized at US border - See more at: http://www.pipesdrums.com/article/confiscated-two-vintage-bagpipes-seized-at-us-border/#sthash.Ap18Pw7j.dpuf

(Updated) Confiscated! Two vintage bagpipes seized at US border - See more at: http://www.pipesdrums.com/article/confiscated-two-vintage-bagpipes-seized-at-us-border/#sthash.Ap18Pw7j.dpuf

Gates, Fees, and Preemptive Runs

Staff Writer, R. Patrick Chapman

Federal Reserve / Bank Runs
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What happens when the Federal Reserve Board asks What If? Then a paper about what can and cannot create a preemptive bank run:

Gates, Fees, and Preemptive Runs

We build a model of a nancial intermediary, in the tradition
of Diamond and Dybvig (1983), and show that allowing the in-
termediary to impose redemption fees or gates in a crisis|a form
of suspension of convertibility|can lead to preemptive runs. In
our model, a fraction of investors (depositors) can become in-
formed about a shock to the return of the intermediary's assets.
Later, the informed investors learn the realization of the shock
and can choose their redemption behavior based on this informa-
tion. We prove two results: First, there are situations in which
informed investors would wait until the uncertainty is resolved
before redeeming if redemption fees or gates cannot be imposed,
but those same investors would redeem preemptively, if fees or
gates are possible. Second, we show that for the intermediary,
which maximizes expected utility of only its own investors, im-
posing gates or fees can be ex post optimal. These results have
important policy implications for intermediaries that are vulnera-
ble to runs, such as money market funds, because the preemptive
runs that can be caused by the possibility of gates or fees may
have damaging negative externalities.

What is the Federal Reserve Board really afraid of?

Without Global Currency Reset, the Federal Reserve Notes are going to collapse and take the United States with it. 

Or, we could transition into the United States Treasury Dollar with gold-backing thanks to John F. Kennedy and the Global Debt Facility.

Our stories include: 

The Fed is Dead: Global Currency Reset Begins as Governor Reneges on Duty to Arizonans

If You Want Answers: Follow the Yellow Brick Road

As has been said before:

The real transition is coming with US citizens' demand for release of the uncut US Treasury Dollars that John F. Kennedy printed to replace Federal Reserve Notes https://s3.amazonaws.com/khude... together with the 170,500 metric tons of gold to underpin the dollar allocated by Wolfgang Struck, the authorized signatory on the Global Collateral Account. https://s3.amazonaws.com/khude... The Jesuits assassinated JFK to prevent implementation of the Green Hilton Agreement, http://nexusilluminati.blogspo...

When will the Central Banks learn, the gig is up? Stop trying to collapse the United States into the North American Union. We have another way out of your created mess.

Source: Federal Reserve Board