Election has changed the U.S. economy FOREVER.

By PAT BOONE
Patriot, Entertainer

The 2012 presidential election could make "Progressivism" permanent as America's ruling political ideology, and lock in forever the economic change that began exactly one century ago with the election of 1912, says Craig R. Smith, whose latest book is "The Great Debasement: The 100-Year Dying of the Dollar and How to Get America's Money Back".

The 1912 election – which ushered in the income tax and Federal Reserve System in 1913 – gave Progressive politicians nearly-unlimited power to tax, spend and borrow.

"This has produced the greatest confiscation of wealth in human history," says Smith. "Today's dollar has been debased to only two pennies of its 1913 purchasing power, and at least $222 Trillion has deceptively been taken from the American people."

"The 2012 election and 2013 'Fiscal Cliff' could complete what Progressives began 100 years ago – making their control of our government and economy permanent by addicting a majority of voters to government dependency," says Smith.

"Today 49.1 percent of American households are home to at least one person who gets government benefits," says Smith, Founder and Chairman of Swiss America Trading Corporation, a frequent guest with Fox's Neil Cavuto and other major business show interviewers.

"Benjamin Franklin warned that 'When the people find that they can vote themselves money, that will herald the end of the republic," says Smith's co-author Lowell Ponte, a retired think tank futurist and investigative reporter.

"President Barack Obama's allies campaigned for his re-election with an ad that featured a Congressman Paul Ryan look-alike pushing an elderly woman in a wheelchair off a cliff," says Ponte. "Yet now President Obama says that if re-elected he will push America over the 'Fiscal Cliff' on January 1, 2013, if he is not allowed to impose massive tax increases on businesses and investors he calls wealthy."

"Mr. Obama is holding 300 million Americans hostage and demanding trillions of dollars in ransom," says Ponte, "or he will plunge America back into deep recession and destroy the nation's credit, not a good thing for a spendaholic government that keeps borrowing another $58,000 every second and printing more than $1 Trillion every year more than the government brings in as revenue."

"Wealth obtained by fraud dwindles, but the one who gathers by labor increases it." – Proverbs 13:11

The Framers of America's Constitution followed the Biblical standard for money, specifying that the U.S. Dollar be an honest measure of silver or gold.

So long as America kept faith with this standard, between the 1820s and the creation of the Federal Reserve Board in 1913, the purchasing power of our dollar over that time actually increased in value. American prosperity grew in part from keeping our money an honest medium of exchange and a store of reliable value trusted around the world.

In 1913 America began "The Great Debasement" of our currency, the turn from gold to today's Federal Reserve Notes, paper fiat money based only on politician promises. And as the Bible warned, in less than a century the buying power of our paper dollar has dwindled to only two cents of its 1913 value.

In this book my long-trusted friend and advisor Craig Smith and former Reader's Digest Roving Editor Lowell Ponte explain how this happened, and how our government continues to debase the dollar as a deceptive way to tax and control us. If this is not stopped soon, the dollar is doomed.

Craig and Lowell show how to free our nation, and protect our families, from soon-to-skyrocket inflation and debased values created by our ruling Inflatocracy – government of, by and for inflation. Each of us can help determine whether The Great Debasement will bring us to a new Dark Age or a new Golden Age of sound money, prosperity and higher values.

"THE GREAT DEBASEMENT reads like a real-world thriller with several possible alternative endings, yet only one possible outcome - and only one possible solution! Enlightening, prophetic and entertaining ... exposes flawed political and economic theory ... a timely, panoramic view of monetary truth ... past, present and future!" writes the Publisher, David Bradshaw of Idea Factory Press.

"THE GREAT DEBASEMENT: The 100-Year Dying of the Dollar and How to Get America's Money Back" will soon be arriving in bookstores nationally priced at $19.95 retail, but today I am authorized to offer every CBN subscriber a FREE review copy of the book simply by agreeing to write a "book review" of a few words to post online at www.greatdebasement.com.