These are completely counterfactual. Speed mac. The fed used to have reserves and one of the changes is that now they can pay it and they look at the new tool of the interest rate. And number of people to put this in context a number of people have been arguing one of the problems in terms of Funding Investment in the private sector is that the fed is taking the money out of the system by paying interest on reserves. I think there is very little evidence that that is the case created the design of the policy was primarily to make sure that there was control over the rate to keep the fund rate is much narrower than they had been. Remember that as a time when it was all over the place. It seemed to have worked quite effectively, and i think the evidence to that policy is pretty positive. The evidence against it in terms of its longterm effect is minimal. That doesnt mean that it couldnt be used to harm the private sector by taking the money out of the economy because they have discretion
Lets go to a second question and that is given the way in which this nexus crosses two communities, the Law Enforcement community and the National Security community, are we effectively organized to deal with these problems and the special issues of this nexus and how should we be changing our organization nationally or internationally to be dealing with these issues. Any thoughts from the panelists . We should not go to knee jerk reactions when a major disaster happens and ill give you an example. Back in the days of my partnership of trying to bridge that gap between intel and Law Enforcement and Work Together, during that time we had an Organization Called the organized crime operation. S group. Case officers from the cia, i had about 15, at any given time 15 to 20 fbi agents and analysts assigned there fulltime. It was very successful. With regard to Human Trafficking internationally, we did two renditions in that program for Major International human smugglers working together. 9
Itself to flush out the product. As temperatures hit the midwest you ask two decades forcing the closure of schools and airports are to or text how moving east eye. The all. You could call it the unprecedented china getting involved in african diplomacy in an active way beijing offering to get involved to broker the peace in south sudan the visiting Chinese Foreign ministry ethiopias capital where warring factions from africas new state. Finally and grudgingly sitting down at the bargaining table china which buys most of june was oil to go with sudans president Omar Al Bashir in a surprise visit this month. Reaching out to its war torn southern neighbor sudanese president Omar Al Bashir met with his counterparts of the keirin cuba and called for an immediate ceasefire. The two countries remain bound together by their shared a winning streak south sudan has most of the region screwed that meets against plans to export its the two president s said they were considering setting up a joint
In canada, there is medical marijuana permitted, and the canadians say that organized crime is teaking advantage of the fact there is medical marijuana permitted, setting up growth facilities and things like that. In the netherlands, theres been a substantial loosening of drug issues there, but interesting thing is it brought in a lot more drugs in the netherlands since they legalized marijuana to the point that starting this year, the netherlands prohibits any foreigner from going into their pot shops. The checks have legalized a significant amount of drugs recently. That allowed the police and the resources of the Czech Republic to focus efforts elsewhere, but it has not done much for the drugs at all, and poe land, i believe it is, theres a fairly successful story of legalizing drugs and things Getting Better there, so i think its really going to depend on society that youre looking at. If you have a society as large as the United States and legalize drugs, its, you know, you are go
Interpol, u. N. Headquarters in new york. Among discussions was either to eliminate or cut by 50 the fbis international offices. Again, another act of absolute stupidity. I want to go to the hill and argue anybody who raises the issue to tell them how stupid it is, why we need the relationships, why we need representations, and how every day it affects u. S. And health of the u. S. National security. An example of that, a particular u. S. Senator i will not name, landed once in a foreign country, greeted by the fbi agent there, and his remark was, well, i guess the fbis sun never sets on the fbi. The agent was polite and everything, but he could have said, the sun never sets on u. S. Interests either, pal. [laughter] thank you. [applause] we have a lot of agreements and initiatives that i had to talk about the americas with the americans. Im concerned about how demanding that its been used to help been misused, and who a lot of money has been lost, and more concerning to me is to see t