Money, Morality & The Machine
Smith's Law in an Unethical, Over-Governed Age
By Craig R. Smith & Lowell Ponte
For thousands of years, governments have tried to get something for nothing by debasing their nations' money - by minting coins with less precious metal than before, or by printing paper money unbacked by gold, silver or productivity. This is one big reason why the United States is in decline, write Craig R. Smith and Lowell Ponte in their new book, Money, Morality & The Machine. As the value of money deteriorates, morals deteriorate, and as morals deteriorate, so does the value of money - bad money drives out good values. Debasing the dollar devalues us; and cheapening our dollar has been very expensive. To save America, we must restore honest money.
Casino magnate Steve Wynn expressed his disappointment at the lack of discussion of the economy during the course of the presidential election. He said the printing of money by the U.S. Treasury under the guidance from the U.S. Federal Reserve has not been properly addressed - touched on only in a short segment at the final debate. "We take in $3.1 trillion and we spend $3.7 trillion... and that $600 billion deficit is at the rate of $50 billion a month. Our government is printing money and it's degrading the living standard of every person in America. It's the cause of frustration, anger and confusion."
Apple CEO Tim Cook has an idea for the future - eliminating cash. Apple's next goal is killing paper money once and for all.Who needs cash, anyway?" Cook says in Fortune magazine. Smith & Ponte discuss the perils of a cashless world.
In Smith & Ponte's Money, Morality & The Machine, you will learn:
- About The Machine and how it came to be so all-consuming;
- Why Great Britain, once the world's greatest empire, voted to "Brexit;"
- How the U.S. turned from being a republic into an empire;
- How The Machine has taken control and imperils our republic, our currency, our values and future;
- About Smith's Law and how "de-facing" and debasing our money has debased our morality and strength;
- How the escape hatches are being closed all around us, who is doing this, and how to break free;
- How our democratic republic, our freedom of speech, and our other rights are being foreclosed;
- About the dawning of the age of zero - zero cash, jobs, economic growth, privacy and freedom; and
- About ways you can still create a more secure and prosperous future for your family.
Prior to 1913, America's constitutional gold standard had prevented politicians from spending as many dollars as they wished because each dollar had to be backed by a fixed amount of gold. This kept the size of government in check, as our framers intended. In 1912, a fight for power between Republican President Teddy Roosevelt and incumbent Republican President William Howard Taft divided voters and let Progressive Democrat Woodrow Wilson win the White House, and now this could be happening again in 2016.
In 1913 Wilson authorized the Progressive income tax and the Federal Reserve, a European-style central bank chartered to "furnish an elastic currency" that let government spend more and grow into both a warfare state and a welfare state. These seeds of Big Government have been nurtured by Wilson's Progressive successors - from Franklin Delano Roosevelt's New Deal to Lyndon Johnson's Great Society to Bill and Hillary Clinton's New Covenant to Barack Obama's "fundamental transformation of America."
Cheapening our dollar has been very expensive. This great debasement of our currency has replaced the American Dream of our founders with a society based on political cronyism, European-like socialist welfare dependency on government, class and race warfare and violence, a decline in religious faith and moral values, a fading work ethic, soaring taxes, a $19.5 trillion national debt, and a dollar worth only about two pennies of the purchasing power of a 1912 dollar. Cheapened 'easy' money is debased and therefore unreliable, as the U.S. dollar has become after nearly $9 trillion in paper money was printed out of thin air since the 2008 near-collapse of our economy and almost eight years of President Obama's administration.
Despite this stratospheric amount of economic "stimulus" spending, the U.S. economy is stagnant and flatlining at 0.8 to 1.1 percent growth. This is what happens when a president is openly hostile to free market capitalism. Frightened business people want to flee rather than invest in new products or hire more workers. Now nearly 95 million Americans are unable, or unwilling, to find needed full-time jobs. We have the lowest level of employment since President Jimmy Carter's economic malaise of the late 1970s. Most of the jobs being created are either part-time hamburger-flipper-type work or are government jobs. As of late 2016, more people are employed by government - a burden on taxpayers - than have full-time jobs in all of American manufacturing.
We have replaced the government and values of the American framers' Constitution with something shockingly different that Smith & Ponte call "The Machine," which includes our mostly-unelected ruling elite widely called the "Deep State." It includes the Federal Reserve, the unelected regulatory bureaucracy and opinion-shapers, our entangling globalist commercial and military alliances, and the Military-Industrial Complex that President Dwight Eisenhower warned us about in his chillingly-prophetic 1961 Farewell Address.
This is one of many fundamental transformations of America explored and explained in Money, Morality & The Machine. After a century of statists "fundamentally transforming" America's politics, economics and values, we are becoming the kind of high-tax, low-liberty Big Government land our ancestors escaped to come here in search of something better. Welfare policies intended to produce security are now making us fearfully insecure.
Every problem America faces has its roots in the debasing of the U.S. dollar. Easy money allowed power-hungry politicians to build a warfare/welfare state and betray our own hard-won independence and freedom by transforming the United States into a globalist empire. We can only pray that with the election of the next president, America will reawaken to the knowledge that we are still the last, best hope of humankind."In this book, my long-trusted friend and advisor Craig R. Smith and former Reader's Digest Editor Lowell Ponte look at what has happened to our values since politicians switched Constitutional dollars for today's paper dollars backed by nothing." --Pat Boone