Chances are, you’re a criminal. At least as defined by the state.
You might not be one of the 83,000 people who are sent to prison in the United States every single year… and you might not have run afoul of one of the 4,500 (and counting) federal statutes…but that doesn’t mean you’re off the hook…
There are still tens of thousands — if not hundreds of thousands — of additional laws, rules, regulations, writs, decrees, codes, charters, bylaws, edicts, mandates, ordinances, notices, requirements, rulings, precedents, injunctions, intrusions and assorted other meddling, do-gooder nanny statisms to catch you with your proverbial pants down.
(Ed. Note: Being caught with your pants down, variously known as “indecent exposure,” “public lewdness” and “public indecency,” may also be a crime, depending on where you’re reading this note.)
In many ways, we are fast approaching what author T.H. White, in his book, The Once and Future King, described as the Totalitarian Principle: Everything not forbidden is compulsory. It is quite impossible to know, much less abide by, all the rules and regulations on the books.
But if only that were the worst of it!
Not only must we fall in line behind laws we don’t — and cannot possibly — know, but the state issuing these cunning curtailments of our liberties also reserves the right to change and manipulate the rules of the game…often while the ball is still in the air. It might choose, for instance, to introduce a brand new law, one fitted out with special, retro-active powers. Or it might elect to reinterpret an existing law, a rereading, one invariably in its own favor. Alternatively, it might chose to simply ignore a law, again and almost always in service of its own benefit.
Telling the truth might, depending on the circumstances, get you rewarded a hundred million bucks…or an indefinite detainment without daylight or trial.
Reveal to the public that the state murders unarmed journalists and opens fire on children from Apache helicopters, for example, and a brutal hell awaits you. Aid and abet the same state in its quest to confiscate private funds, knowing roughly one-fifth of government expenditures go to aforementioned military activity, and you may count your reward in the millions. So went the cases we examined in our “Tale of Two Whistleblowers” column back in September of last year.
Increasingly, this same legislatively schizophrenic state is choosing to reward incompetence and, when it is not busy punishing decency, ignore acts of wanton criminality.
Eric Fry pointed out as much in his column, “The Corzine-Dimon Syndrome”, first published in these pages back in May of 2012.
“To reward incompetent finance company CEOs with billion-dollar bailouts,” wrote Eric, “is to punish the employees and shareholders of the prudently operated finance companies that compete with the firms receiving bailouts.
“To refrain from investigating and/or indicting Jon Corzine for ‘disappearing’ $1.6 billion of client funds is to punish both the 38,000 M.F. Global customers who are still missing the money they did not deserve to lose and the 1,000 employees who lost paychecks they did not deserve to lose.”
When it comes to state-run justice, Fellow Reckoner, there’s no justice like “show” justice. Jon Corzine, Jamie Dimon and Bradleys Manning and Birkenfeld return in today’s installment of our Daily Reckoning Best of 2012 Series to help make this point.
Joel Bowmanfor The Daily Reckoning
Joel Bowman is a contributor to The Daily Reckoning. After completing his degree in media communications and journalism in his home country of Australia, Joel moved to Baltimore to join the Agora Financial team. His keen interest in travel and macroeconomics first took him to New York where he regularly reported from Wall Street, and he now writes from and lives all over the world.
This is what creates “scofflaws,” one who habitually violates the law. When the government creates a yoke nobody can bear, maybe it’s time to throw off the yoke.
Since early July, there's been a sharp pullback in the prices of most major U.S. shale players. Is this the start of a long-term meltdown, or is this simply a great opportunity to "buy the dips"? Matt Insely explores, and offers four specific ways to play the trend. Read on...
Media coverage of the situation in Ferguson, Missouri has documented a very disturbing trend in local law enforcement... namely, why is a small town police force armed to the teeth with military equipment? Well, as Chris Campbell explains, it's all thanks to a little-known Pentagon agenda called the "1033 Program." Read on...
Few investments have yielded better returns for early investors than Bitcoin. But now that the price has stabilized, are there any gains left to be made? Today, Josh Grasmick details one investable Bitcoin service coming online that could still lead early investors to massive profits... and with less speculation and risk. Read on...
The Cold War introduced the world to a terrifying new phrase: mutually assured destruction. Thankfully the cold war ended without ever realizing this outcome. But the remnants of that "balance of terror" between the US and Russia still exist... and are beginning to surface in the financial sector. Jim Rickards explains...
'Tis the season for fall market predictions. But don't dust off that crystal ball just yet. Good traders don't try to predict when an important price move is going to happen - they just react when it does. However, as Greg Guenthner explains, forecasts can help you manage your risk/reward, as well as your non-trading portfolio. Read on...