By: Craig R Smith
Inflatocracy is literally killing off...old-fashioned... Americans
America's economy seems trapped in a downward spiral of permanent high unemployment, sinking home prices and near-zero economic growth.
We are facing a fast-approaching tidal wave of inflation that could sink our economy and the U.S. Dollar, and plunge our world into conflict and chaos.
Everything seems upside down. The old Keynesian rules leaders looked to for economic recovery in the past now appear not to work, like a compass spinning unpredictably and wildly in an unseen, fast-changing magnetic field.
Investors, savers and the rest of us trying to earn a living or survive on a fixed income in today's economy feel disoriented, uncertain and worried.
And on June 30th the Federal Reserve ended its stimulus program called QE2 (Quantitative Easing 2). This $600 Billion infusion of cash printed out of thin air in recent months supposedly has kept America's growth rate from falling below zero and prevented our economy from stalling and falling.
Add this to rioting in Greece, and four other European nations on the brink of insolvency, and we could be only days or weeks away from global economic collapse.
In his new book The Inflation Deception: Seven Ways Government Tricks Us...And Seven Ways to Stop It!, monetary expert Craig R. Smith and his co-author former think tank futurist Lowell Ponte expose the long-unseen powerful forces behind the current economic crisis.
America's Founders believed in small government, low taxes, frugality, thrift and individual responsibility.
The Inflatocracy is very different. It uses inflation as a secret form of taxation to fund a huge and ever-expanding government.
The Inflatocracy uses inflation and the always-growing welfare state it makes possible to redistribute wealth from those who work hard and save to others who spend beyond their productivity and serve the collectivist government.
American Exceptionalism is real, Smith and Ponte show, not only because of our free minds and free markets but also because those with genetic traits for entrepreneurship left their oppressive homelands to settle in the United States.
The Inflatocracy is literally killing off the old-fashioned kinds of Americans who made our country successful, prosperous and free.
In place of the values of America's Founders, the Inflatocracy is imposing a collectivist dependency on government and anti-individualist, anti-free market conformism that inevitably will lead to stagflation and failure