The McAlvany Daily Update - December 15, 2022

The G2 Posted on December 15, 2022

The McAlvany Intelbrief is a round-up of the day’s important news from a multitude of sectors that can and do impact the financial markets.

[FYI – Repetition of items is on purpose because the item fits into 2 or more categories, not a mistake by me.]

It’s Bill of Rights Day. Do you know where your freedoms are?

– John W. Whitehead

Here is what the Bill of Rights, the first ten amendments to the Constitution, really stands for today:

First Amendment: You can be persecuted for criticizing the government; prosecuted for reporting on government wrongdoing; fined and jailed for exercising your religious beliefs; tear-gassed, beaten and arrested for protesting in public; and stymied in your efforts to hold the government accountable to the rule of law.
Second Amendment: Owning a gun can get you put on a government watch list.
Third Amendment: Militarized police now serve as a standing army on American soil.
Fourth Amendment: Has been all but eviscerated by an unwarranted expansion of police powers, the outsourcing of otherwise illegal activities to private contractors, asset forfeiture schemes, and technological advances that allow the government to spy on Americans’ activities, movements and communications.
The Fifth and Sixth Amendments: If the government can arbitrarily freeze, seize or lay claim to your property (money, land or possessions) under government asset forfeiture schemes, you have no true rights.
Seventh Amendment: Juries ignorant of the Constitution provide little protection against injustice.
Eighth Amendment: The government’s bar for “cruel and unusual” punishment slips lower every year.
Ninth Amendment: The power to govern no longer flows upward from the people.
Tenth Amendment: A system of government in which power is divided among local, state and national entities has long since been rendered moot by the centralized Washington, DC, power elite.