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
