classical economics
for analysis, forecasting
and policy design
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COMMON SENSE SURVIVES
Elitists Remain Intent on Destruction
By Wayne Jett © January 24, 2012
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
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.
_______________________________________________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.
GLOBAL “NEW REPUBLIC” ARRIVES
End of National Democracies at Hand
By Wayne Jett © January 4, 2012
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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THE END OF REASON
And Why “Utterly Irrational” is Dangerous
Wayne Jett © December 17, 2011
And Why “Utterly Irrational” is Dangerous
Wayne Jett © December 17, 2011
America is occupied by ruling elite who have captured enormous amounts of capital by defrauding financial markets and monopolizing business. Leveraging their giant pools of loot, the ruling elite dominate federal government policy. They hand down policy from above and see it adopted and enacted into law by executive and legislative officials, regardless of views and interests of the popular electorate. Complete text here.
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HENRY PAULSON’S COVER SLIPS
Source Reveals Plot Against Fannie, Freddie
Wayne Jett © November 30, 2011
Source Reveals Plot Against Fannie, Freddie
Wayne Jett © November 30, 2011
Another ray of light just fell on former Treasury secretary Henry
Paulson Jr.’s role in the financial destruction of 2008, otherwise known
as “the eight-months-long October Surprise.” Bloomberg News
reports Paulson convened a secret meeting (undisclosed to President
George W. Bush, or the public, or mentioned by Paulson in his recent
book) on July 21, 2008, the very day Fannie Mae and Freddie Mac gained shelter from illegal naked short selling
under an emergency order of the Securities & Exchange Commission.
The meeting of about a dozen major hedge fund managers was held in the
Manhattan offices of a hedge fund, and Paulson told those attending
something extraordinary. Complete text here.
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OBAMA AND THE RULING ELITE
Why He is Willing to Lose in 2012
Wayne Jett © November 21, 2011
Why He is Willing to Lose in 2012
Wayne Jett © November 21, 2011
Barack Obama does not worry about winning his 2012 campaign for
re-election. His campaign will be propelled, as in 2008, by big money
from the ruling elite. If he wins, fine. He will continue providing a
governmental platform for his sponsors to loot financial markets and
taxpayer funds, and to swing the class warfare hammer at the middle
class, especially the upper middle class (the people he calls “those of
us who are better off”).
If he loses, Obama will be elevated into the pantheon of global aristocrats who serve the ruling elite well. He has delivered for them as few other U. S. presidents have. Complete text here.
If he loses, Obama will be elevated into the pantheon of global aristocrats who serve the ruling elite well. He has delivered for them as few other U. S. presidents have. Complete text here.
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BIG RELIGION TAKES STAND
With Dominant Elite, Of Course
Wayne Jett © November 2, 2011
With Dominant Elite, Of Course
Wayne Jett © November 2, 2011
The moral gulf between Vatican and Church of England was once so vast
troops might have moved across borders. Now, in the wink of a week, they
have acted towards the global financial disaster as if of a single
mind. To declare solidarity with common humanity, you ask? They do so in
rhetorical flourishes, of course, but the thrusts of their actions advance an entirely different agenda. Complete text here.
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SEISMIC SHIFT IN WORLDVIEW
Orthodoxy Wrecks Western Civilization
Wayne Jett © October 25, 2011
Orthodoxy Wrecks Western Civilization
Wayne Jett © October 25, 2011
The American dream seemed to work for a while after World War II. “The
deal” was: study hard, get a good education, and productive employment
will provide the path to prosperity. But that panned out for only one
generation. By the early ‘70s, the deal was on shifting sands. Now the
deal is in quicksand and, instead of buying it, Americans young and old
ask “what’s the deal?” Complete text here.
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MIDDLE CLASS MUST HAVE CAPITALISM
Mercantilism is the Enemy
Wayne Jett © October 17, 2011
Mercantilism is the Enemy
Wayne Jett © October 17, 2011
Those protesting Wall Street oligarchs and those protesting Big
Government spending have much more in common than even they think. They
are all middle class who worry their prospects are suffering, although
they propose conflicting political solutions and rhetorically attack
each other. Each must awaken to this fact: their common oppressor is
mercantilism – not capitalism. Complete text here.
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AHEAD: WORST FINANCIAL CRISIS EVER
Bank of England Governor Speaks
Wayne Jett © October 10, 2011
Bank of England Governor Speaks
Wayne Jett © October 10, 2011
If you think economic recovery is proceeding, though slowly, you are
badly misled. Readers here have long known that government policies put
the U. S. into economic depression and continue to make the crisis
worse. The Bank of England now confirms this is closer to understatement
than hyperbole. Reality approaches even those marginally affected to
date. Complete text here.
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TRADE WAR
By
Taxation Without Representation
Wayne Jett © October 6, 2011
By
Taxation Without Representation
Wayne Jett © October 6, 2011
Mercantilists have played the protectionism card since before the onset
of the Dark Ages. In so doing, they seek monopolies in domestic markets
– not jobs for workers. Jobs are destroyed – not created – by
protectionism. Dollar devaluation is trade war by means more subtle than
tariffs. The U. S. has waged trade war by monetary policy ruthlessly
since 1971, destroying jobs both here and abroad, to assist the dominant
elite in looting capital and gathering power. Complete text here.
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OCCUPY WALL STREET?
Get Real, Get Informed, Get Political
By Wayne Jett © October 3, 2011
Get Real, Get Informed, Get Political
By Wayne Jett © October 3, 2011
Young people demanding justice on Wall Street are akin to shepherds
fasting outside the wolves’ den while demanding a promise their sheep
will not be bothered again. The objective is commendable but the plan of
action is sadly lacking. To have any chance of success against
international bankers, the American middle class and poor (Left and
Right) must overcome elitist domination of their respective political
parties. Complete text here.
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WHO ROBS AMERICA’S YOUNG?
No Jobs, No Homes, No Children, No Future
By Wayne Jett © September 25, 2011
No Jobs, No Homes, No Children, No Future
By Wayne Jett © September 25, 2011
Familiarize yourself with the expression “man-made depression.” It
refers to an economic depression resulting from actions carefully
designed and taken to cause it. That is how depressions come about in
the real world. They are neither delivered by a stork nor leaked into
society through a flaw in the way markets work, as the myth of good
intentions often applied to culpable public officials would have us
believe. The Great Depression of the Thirties was man-made, as is the
one Americans presently experience. Complete text here.
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NEW WORLD ORDER(S) HIGHER TAXES
Class Warfare Hikes U. S. Taxes in Europe
By Wayne Jett © September 19, 2011
Class Warfare Hikes U. S. Taxes in Europe
By Wayne Jett © September 19, 2011
Imagine the U. S. has a Treasury secretary (Europe calls them “finance
ministers”) who does the bidding of a powerful, private cabal (the ones
who control the central banks), which seeks to rule the world with a
single government. What if this Treasury secretary flies to Europe and
tells a meeting of finance ministers the U. S. will increase its
contributions to the International Monetary Fund by a factor of, say,
ten, to show solidarity with debt-ridden governments who will be aided
by the IMF? Does that action effectively enslave Americans with high
taxation forever? Complete text here.
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OBAMA IS THE NEW F.D.R.
Boding Ill for America
By Wayne Jett © September 8, 2011
Boding Ill for America
By Wayne Jett © September 8, 2011
Barack Obama was in good company choosing Martha’s Vineyard for another
elitist-fested vacation as the nation sank further into economic
depression. Franklin Delano Roosevelt took an extended Caribbean cruise
on Vincent Astor’s yacht in early 1933 and spent quality time with
Rockefeller men from the beginning of his years in office. Like F.D.R.
75 years ago, Obama’s personal ebullience indicates a U. S. president
whose true economic agenda is precisely on track. Read complete text here.
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THE REPUBLIC IS USURPED
By Wayne Jett © August 4, 2011
By Wayne Jett © August 4, 2011
Ben Franklin said the Constitutional Convention had given the nation “a
republic, if you can keep it.” Alas, we have failed. Aristocrats (now
called “oligarchs” because they have accumulated so much looted capital)
dominate Congress with money poured into pockets of party leaders. They
dominate the executive and judicial branches and elite media by much
the same means. Republican democracy is a faint image of honest
representation of popular interests. The dominant elite are focused upon
using debt to bring about collapse of U. S. constitutional government. Complete text here.
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METHOD IN FED MADNESS
Fund Debt Before Interest Trap Door Falls
By Wayne Jett © July 18, 2011
The Federal Reserve poured hundreds of billions of brand-new “air
dollars” into grasping hands of the U. S. Treasury, but the vast
majority of those dollars promptly found their way into bank reserves
held by the Fed itself. Bank lending to the private economy did not
increase noticeably. You might think this is another well-intentioned
failure of “economic stimulus” if you fail to detect the Fed’s true
motives. Surprisingly, China may have taken the Fed’s head-fake. Complete text here.Fund Debt Before Interest Trap Door Falls
By Wayne Jett © July 18, 2011
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RECOVERY VS. REALITY
No Better Times Until Policy Changes
By Wayne Jett © June 20, 2011
No Better Times Until Policy Changes
By Wayne Jett © June 20, 2011
Face it, people. U. S. government policies are not about economic
recovery. Each is a matter of politics. The same was provably true in
1932, 1939, and 2008, as it is presently. A pertinent question is: what
“matter of politics” is being served by policies which drastically
shrink production and employment while debasing the currency? Hint: the
interests served are not those of the poor or the middle class who need
jobs and better pay. Complete text here.
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THE GREAT DEPRESSION
WAS NO ORPHAN
It's Fathers Were American Mercantilists
WAS NO ORPHAN
It's Fathers Were American Mercantilists
Explaining specifically the causes of the Great Depression is not a
"search for the Holy Grail," but a matter of researching historical
facts and applying classical economic analysis. The product of this long
delayed endeavor is all-important - to our forbears, to our worldviews
and to our survival of the perilous economic crisis now plaguing
Americans. Do not delay learning truths kept from you until now. Here you will find the outlined Table of Contents and additional details not previously published.
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IS THE FEDERAL RESERVE
SELLING TREASURY PUTS?
And What If It Is?
By Wayne Jett © April 26, 2011
SELLING TREASURY PUTS?
And What If It Is?
By Wayne Jett © April 26, 2011
Every time U. S. financial woes begin to seem measurable, if not
surmountable, their scale and nature morph larger and worse. The QE2
maneuver by the Federal Reserve and U. S. Treasury still underway
involves debt monetization of unprecedented scale nearly certain to
destroy the dollar as international reserve currency. Now a horrible,
new wrinkle has surfaced. To make QE2 appear not to affect long term
yields, the Fed is said to
be selling “put” option contracts on Treasury debt. Selling Treasury
puts would increase the Fed’s loss if yields rise. Is a more fail-safe
plan to demolish the dollar possible? Complete text here.
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HOSTING FINANCIAL TERRORISTS
Doing More for Domestic Predators
By Wayne Jett © April 3, 2011
Doing More for Domestic Predators
By Wayne Jett © April 3, 2011
Financial terrorism was at play in U. S. financial markets during 2008,
destroying major investment banks and other targeted firms. Readers
here knew this was so before, during and after the events. A
de-classified investigative report done for the Pentagon in June, 2009,
confirmed this is so. The report said the financial terrorists ought to
be identified and stopped, but nothing has been done. Complete text here.
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THE FRUITS OF GRAFT
Great Depressions
Then and Now
Great Depressions
Then and Now
By Wayne Jett © March 19, 2011
Will this book be worth your time? Answer for yourself by considering these points.
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NEXT FINANCIAL CRISIS KICKOFF SET
Round Up the Usual Suspects
By Wayne Jett © January 19, 2011
Economic forecasting is no longer, if ever it was, a matter of
assessing effects of macro policies and conditions. The relevant
questions are what crisis will the dominant elite drop on us next, and
when? A couple of straws-in-the-wind hint at possible answers and –
surprise! – it is not a return to those golden days of yesteryear. Complete text here.
Round Up the Usual Suspects
By Wayne Jett © January 19, 2011
