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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.
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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.
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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.
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OBAMA’S DECEIT MODELS FEDERAL ROLE
Federal Reserve, DOJ, IRS, NSA, DHS, EPA Betray America
By Wayne Jett © November 25, 2013

     Americans 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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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                            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.
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                             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.
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CHOOSE ECONOMIC RECOVERY
Turn Out Elitists Who Destroy Prosperity
By Wayne Jett © November 1, 2012


     Keynesian 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.

     So Hurricane 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.
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A New Essay

"Buttoned Up Under His Coat"

The Life and Death of James A. Garfield

By Wayne Jett © October 11, 2012
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SERIOUS ECONOMICS
Winnowing Imposters is Easy Call
By Wayne Jett © October 2, 2012

    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.
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$480 BILLION ANNUAL DIRECT TAX ON SAVINGS
Federal Reserve Goes All In for its Owners
By Wayne Jett © September 14, 2012


      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.
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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.
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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.

      The 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.
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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.
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EXPLAINING THE GREAT DEPRESSION
Simply, Factually and Clearly
By Wayne Jett © July 5, 2012

    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.
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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.
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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.
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$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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
    More 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.
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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.
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T

Destitute pea-pickers in California;
a 32 year-old mother of seven children (Feb. 1936).
By Dorothea Lange