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FEDERAL RESERVE ROLLS FOR GOLDMAN SACHS
Secret Tapes Prove It, But So What?
By Wayne Jett © September 29, 2014
Lewis reports for Bloomberg “a jaw dropping story” that “secret tape
recordings” prove Goldman Sachs engages in serious wrongdoing
repeatedly, while its principal regulator – the Federal Reserve – does
nothing. This is news? Not in these parts. The Fed is the most
ill-suited regulator of banks ever appointed by Congress, which greatly
increased the Fed’s authority despite its central role in the financial
terrorism of 2008. Complete text here.
PARALLEL UNIVERSES IN CRISIS
Will Either “Reality” Survive?
By Wayne Jett © September 5, 2014
The economic forecasting firm most widely followed by large
investors wrote August 4 that economic growth is “solid – not too hot,
not to cold.” Inflation is so near zero as to be essentially
non-existent. Monetary policy is well-considered and deserves only a
moment’s pause to assure that the Federal Reserve will avoid a “lurch
towards tightening.” Employment growth is where it needs to be. The
worldwide Associated Press reported U. S. Treasury debt securities “are
viewed as one of the world’s safest investments.” Are we back in Kansas,
or in the Land of Oz? Complete text here.
BOLSHEVIKS AND THE NEW REPUBLIC
Why Are U. S. Policies So Destructive?
By Wayne Jett © May 17, 2014
Here is the key to decode the social agenda served by federal laws,
regulations and policies. Imagine the U. S. government is controlled by
“intelligent men of the new republic.” All then will become clear. No
more time wasted debating bad design, good intentions or other
distractions. Complete text here.
THE ULTIMATE MONEY-MAKING FRAUD MACHINE Congress Creates Wealth for a Private Central Bank
By Wayne Jett © February 19, 2014
Imagine making money, not by working, but by favor of your government.
The government passes a law saying only you can create money. You create
money and lend it to the government, which promises to pay you back the
same amount plus interest. You own a central bank. Call it the Federal
Reserve, so others think it has a good purpose. Complete text here.
NEW MERCANTILISM ROLLS INTO 2014
America Is Its Primary Target
By Wayne Jett © January 7, 2014
Since mid-2008, U. S. economic and monetary policies often appear
entirely without historical precedent. In barely five years the Federal
Reserve quadrupled the number of dollars in the monetary base. This
enabled President Barack Obama’s U. S. Treasury to borrow and spend in
more prodigious amounts than any previous administration. But today’s U.
S. conduct has parallels – none reassuring – in the Teens, the Thirties
and the Seventies of the 20th Century. Complete text here.
OBAMA’S DECEIT MODELS FEDERAL ROLE
Federal Reserve, DOJ, IRS, NSA, DHS, EPA Betray America
By Wayne Jett © November 25, 2013
are under attack on many fronts, so our predicament cannot be termed
merely “a bad economy.” This once thriving, preeminent society is being
systematically undercut from within by officials and policies of
government. A ruling elite pull the strings of puppet officials, and
they do not intend for the U. S. Constitution or our prosperity to
survive. Complete text here.
AMERICANS GRATEFUL PUTIN AVERTED WAR
Russian President May Have Bigger Diplomatic Move Ahead
By Wayne Jett © September 17, 2013
Nothing went as planned for President Obama and his Secretary of State
John Kerry in the first week of September. Kerry and then Obama asserted
that Syria’s government forces used toxic chemical weapons to kill men,
women and children, including civilians and “rebel” fighters, and must
be punished by U. S. missile strike. Obama had U. S. naval forces in
position. But public opposition rose so quickly his speech to announce
the strike morphed into a request that Congress authorize it. As
Congress pondered near unanimous negative public sentiment, Russian
president Vladimir Putin suggested a diplomatic solution. Obama and
Kerry grabbed the face-saves. From behind the curtain, their elitist
handlers hissed “Curses! Foiled again!” Complete text here.
DEMOCRATS! REPEAL OBAMACARE!
Override Veto and Save Your Constituents
By Wayne Jett © August 22, 2013
Democratic back-benchers in Congress, finally your destiny is in your
hands. Your leadership ordered you to vote ObamaCare into law to find
out what was in it. Now you know what is in it, and this what you must
do. Sponsor a bill to repeal ObamaCare. Republicans will join you to
override the president’s veto. Don’t wait until the elections of 2014.
Voters will not forgive you if you allow ObamaCare to destroy their jobs
and health care. Complete text here.
AMERICA, EARTH UNDER MICRO-WMD ATTACK
Secret Government Assault Must Be Stopped
By Wayne Jett © August 7, 2013
The blue-and-green jewel of the universe, Earth, is fast becoming a
dead planet. The culprit is not industrial pollution. The Earth is under
heavy attack by weapons of mass destruction: a “mechanical analog” to
bio-chemical warfare. Micron-sized “dust” of aluminum, strontium and
barium is sprayed daily as aerosols into the stratosphere to be breathed
or ingested by every living thing. Time may have run out, but at best
is very short, if life on Earth or we are to survive. Complete text here.
ONE “ESTABLISHMENT” RULES U. S.
Influence Co-Opts President, Congress, Courts
By Wayne Jett © July 23, 2013
The past 100 years have been phenomenally successful for a small,
powerful circle often called “the Establishment.” In 1913, the
Establishment got its long sought private bank (called the Federal
Reserve) with the exclusive franchise to create and lend legal currency
used by the U. S. government and the American people. The same year,
1913, they got a tax on all income earned by productive people, with
rates graduated higher for more successful producers. The very next
year, 1914, the Establishment commenced a landmark achievement: World
War I. Complete text here.
TRUTH AND THE REPUBLIC
Can One Survive Without the Other?
By Wayne Jett © May 30, 2013
The U. S. Constitution requires a high standard of integrity from
elected officials because it embraces the republican model of
government. Effective oversight by the electorate is impossible when
officials or their subordinates mislead or fail to inform citizens about
government policies and actions. Merely reciting these truisms raises
serious doubts about the health of the American republic. Complete text here.
PROOF KEYNESIAN STIMULUS FAILS
$5 Trillion in Four Years Buys Only “Grand Illusion”
By Wayne Jett © April 22, 2013
Since 2009, the U. S. has borrowed and spent $5 Trillion –
$42,500 on behalf of every household in the nation – to produce
economic recovery, and has failed to achieve it. A suggestion four years
ago that each household should borrow and spend that much new debt
would have been called, at best, ill advised. This being so, the federal
government doing the equivalent on our behalf has been both destructive
and unpardonable. Complete text here.
GOVERNMENT POWER AND YOU
Lessons from Cyprus and the Homeland
By Wayne Jett © March 30, 2013
Cyprus teaches the
wisdom of limits on government power. Lucky for Americans, Framers of
the U. S. Constitution understood this and wrote into the Bill of Rights
specific things the government is prohibited from doing. But words on
paper cannot restrain governments. Only daily, vigorous actions to
protect and extend human liberty can do so. Otherwise, governments will
grind into dust every claim of right made by aliens or its own citizens. Complete text here.
OUR MOST URGENT CRISIS
War on Weather Is Really Against Us
By Wayne Jett © December 10, 2012
Despite the season, for those unaware, this news cannot wait. Agents
with U. S. government authority are using chemical and electronic
weapons of mass destruction against America – poisoning the air, soil,
food and life itself. Millions of tons of metallic aerosols are being
sprayed into our upper atmosphere, then coupled with powerful electronic
beams, under the thin disguise of “geo-engineering” – weather control –
bringing drought, famine, disease and death. This assault on nature
already has raised an imminent threat of climate change so radical as to
end life on major portions of the planet. Those spraying, apparently
aware of the threat, are doubling down. Complete text here.
ABOUT “THE DUST BOWL”
Historical and Economic Misconceptions
By Wayne Jett © November 20, 2012
PBS’s documentary called “The Dust Bowl” directed by Ken Burns and
produced by Burns and others deserves commendation for telling an
historically pivotal story through the faces, words and scenes of the
epic itself. The families, ordeals and outcomes of real people project
honesty and reality in ways not often achieved by expert commentary or
fictional accounts. But “The Dust Bowl” presents a thesis that severe
dust storms and poverty in the southern plains during the 1930s resulted
primarily from abuse of nature by ignorant and greedy farmers. This
involves serious misconceptions. Complete text here.
CHOOSE ECONOMIC RECOVERY
Turn Out Elitists Who Destroy Prosperity
By Wayne Jett © November 1, 2012
dreams came true with the arrival of Hurricane Sandy in the populous U.
S. East Coast. Natural disasters, economist John Maynard Keynes advised,
are stimulants of economic growth. He saw wars and pharoahs’ make-work
projects like pyramids as economic stimulus, too.
Sandy is just what the U. S. needs at this miserable time, right? If
only Sandy had blown ashore in 2009, by Keynes thinking, the U. S. could
have saved $5 trillion in deficit spending blown instead. Complete text here.
Do you recall an economist advising that the Federal Reserve should
not manipulate interest rates? If you do, you are rare, as is that
economist. Radio, television and print media define “serious economist”
as one who endorses interest rate manipulation as the primary instrument
of U. S. monetary policy. But no serious economist can accept that
premise as valid. Complete text here.
Winnowing Imposters is Easy Call
By Wayne Jett © October 2, 2012
$480 BILLION ANNUAL DIRECT TAX ON SAVINGS
The Federal Reserve announces its intent to create $40 billion
monthly at the expense of existing savings and pay it to the big banks
for mortgage-backed securities. This outrageous looting evokes what
response? Applause, of course, and a little intellectual hand-wringing
gives just the right tint of fair debate. Complete text here.
Federal Reserve Goes All In for its Owners
By Wayne Jett © September 14, 2012
RE-THINKING OBAMA AND “2016”
D'Souza Errs in Two Conclusions
By Wayne Jett © August 27, 2012
The documentary film “2016” provides insights into early influences on
Barack Obama and how they affect the U. S. president’s agenda. But
author and co-director Dinesh D’Souza errs in two basic conclusions
expressed about his subject. Obama is not an anti-colonialist, and his
agenda is not a socialist America in the image of Europe. On each count,
Barack Obama’s aim is markedly different, and worse, than D’Souza
portrays. Complete text here.
A GOLD STANDARD THAT WORKS
Monetary Misconduct Worsens Fiscal Plight
By Wayne Jett © July 31, 2012
A large gold hoard in the U. S. Treasury is unnecessary for a return
to dollars with value reliably anchored in gold. Markets monitor the
dollar’s value in gold moment-to-moment, and the Federal Reserve or
(better yet) Treasury can adjust the supply of dollars so their value
remains rock solid. This will leave prices of goods and services to be
set by the markets, inflation-free, based on supply and demand.
only things “lost” would be the Fed’s discretion to create trillions of
dollars at will to bail out big banks or to lend to Treasury for
deficit spending. In other words, a new gold standard would be a
win-win-win outcome – ending inflation, bank bailouts and excessive
budget deficits. Complete text here.
BIG BANKS RIG LIBOR
Federal Reserve and Bank of England In On It
By Wayne Jett © July 11, 2012
This just in: LIBOR, the most watched and used benchmark interest
rate in the world, is rigged by big banks. So are bids for large
deposits of bond funds by local and state governments in the U. S. –
again by big banks. So can we finally dispose of the old Wall Street
shibboleth that conspiracies absolutely do not exist in the U. S.
financial sector? Complete text here.
EXPLAINING THE GREAT DEPRESSION
The Wall Street Journal
marked the recent passing of economist Anna J. Schwartz at age 96 by
republishing an October, 2008, interview and report of her contributions
during a productive career spanning 70 years. In the 2008 interview,
Ms. Schwartz emphasized the classical principle that markets must be
permitted to punish mistakes if economies are to prosper. Complete text here.
Simply, Factually and Clearly
By Wayne Jett © July 5, 2012
CHIEF JUSTICE SELLS OUT
Roberts Joins Four Elitists to Impose ObamaCare
By Wayne Jett © June 28, 2012
Benedict Arnold committed no greater betrayal of Americans than has his
21st Century counterpart: John Roberts. Arnold abused his appointed
position of trust in General Washington’s Revolutionary Army by scheming
to hand over West Point to British Redcoats. Chief Justice Roberts
joined the ranks of traitors to the cause of individual liberty, turned
his back on all who supported his appointments to the Supreme Court and
as Chief Justice, and stripped away hard-won political rights of
ordinary Americans. Elitists now control access to health care and can rule from above as they please. Complete text here.
BIG BANKS “BIG BANG” SCHEME
America, Not Banks, Set to Blow Up
By Wayne Jett © June 9, 2012
Why on earth would giant banks like J. P. Morgan Chase “invest”
hundreds of trillions of dollars in derivative securities? Ordinary
price volatility, it would seem, could wipe out those banks overnight.
In a forehead-slapping moment, the answer becomes clear. Effects on
America and the world are both diabolical and catastrophic.
In April, 2011, Classical Capital asked here
“is the Federal Reserve selling Treasury puts?” Despite this foreboding
alarm, the light did not shine far enough ahead to explain the
seemingly irrational conduct of the Wall Street’s big banks. Until now. Complete text here.
$5 TRILLION TAX HIKE
Thanks to President, Congress, Federal Reserve
By Wayne Jett © May 27, 2012
The federal budget deficit is $5 trillion this year – not the mere
$1.3 trillion we’ve been told by the president and Congress. USA Today
says so. This is a tax hike of $5 trillion, or $50 trillion if they do
the same each year for ten years. Oh, yes, it is a tax hike. The money
must be collected from taxpayers. Congress and President Obama are just
waiting for someone else to tell taxpayers how much and when to pay. If
you now get it that deficit spending mandates increased tax collections,
then there’s more news, and its worse. Complete text here.
CHAIRMAN BERNANKE, DEBATE ME
Let the Public Decide Who is Right
By Wayne Jett © April 24, 2012
Federal Reserve Board chairman Ben Bernanke, let’s debate the topics
on which you lectured students of George Washington University. Your
office may lead some to believe what you tell them is valid. If so, they
are misled in important respects. Complete text here.
PRESIDENT OBAMA – MENTOR AND TEACHER
Things We Learned Last Week
By Wayne Jett © April 12, 2012
President Obama told a press conference the Supreme Court should stand
aside when Congress has enacted a law with broad support. He said court
intervention in this democratic process would be “unprecedented.” On
March 26, Obama confided to Russian president Medvedev that he (Obama)
would have more flexibility in negotiating a nuclear arms treaty after
the November election, when he wouldn’t have to campaign for office
again. This informed the public in two important ways, neither of which
has been noted by other commentators. Complete text here.
MR. SMITH GOES TO … THE TIMES
Lost Faith in Goldman Sachs “Culture”
By Wayne Jett © March 20, 2012
A young executive resigned from Goldman Sachs, the giant
international investment bank, after 12 years during which he advanced
to head U. S. equity sales to Europe, the Middle East and Africa. Having
starred in the bank’s recruitment of new talent, Greg Smith concluded
the firm culture no longer placed its clients’ interests above
maximizing its own profits. Complete text here.
GASOLINE PRODUCTION SCUTTLED
Oil Refineries Closed After Fire-sales
By Wayne Jett © March 11, 2012
Gasoline prices hit historic highs as America languished in winter depression. During the week ended March 2, demand for gasoline
ran about 7.8% lower than a year earlier, its worst performance so far
in the so-called “recovery.” Gas prices at the pump, however, made historic highs in many locations, far above $4 per gallon. Do principles of supply and demand no longer apply in U. S. markets? Complete text here.
WALL STREET CREATURES EMERGE
Trump Picks Mitt, Threatens Split
By Wayne Jett © February 14, 2012
The U. S. economy is collapsing, not recovering. Gasoline use has
dropped off a cliff, and is presently lower than in 1983 – the year the
nation emerged from its worst recession since the Great Depression, and
U. S. population was only 73% of the current level. Do not believe
Pollyanna’s numbers on unemployment or GDP growth. The ruling elite will
not allow economic recovery in 2012, not even for a presidential
election. Complete text here.
COMMON SENSE SURVIVES
Elitists Remain Intent on Destruction
By Wayne Jett © January 24, 2012
On Monday, a caller to Rush Limbaugh’s radio show identified himself
as a 48-year-old black man, a Democrat and a truck driver. More
importantly, he distinguished himself as one who trusts the power of his
own mind to distinguish fact from fiction, truth from lies, and right
from wrong. Reliance on common sense is the foundation for humanity’s
claims to individual liberty, dignity and opportunity. This is why
common sense is presently, and always has been, under savage assault by
those who aspire to be our rulers. Complete text here.
UNDER AMERICA’S RULERS
Defending Only the Defensible
By Wayne Jett © January 19, 2012
Capitalism under attack in America is nothing new. In 1880, the
best-selling economics book ever declared that “the power of a vast and
dominant pecuniary interest … in every country … writes laws and molds
thoughts [based on] elaborate fallacies and misleading theories.” A
century later, the widely revered economist Milton Friedman credited the
book’s author for “the least bad tax” ever designed.
to the point, Henry George’s Progress and Poverty was an able and
eloquent defense of capitalism and free markets. So, then, what was the
“vast and dominant pecuniary interest” about which he warned us? Complete text here.
GLOBAL “NEW REPUBLIC” ARRIVES
End of National Democracies at Hand
By Wayne Jett © January 4, 2012
Good news is hard to find, especially good news which is credible. One possible source is Robert A. Mundell, professor of economics at Columbia University, who was chronicled here as entitled to credit for such economic growth policies as were adopted in the U. S. during the past 50 years. Complete text here.