In 1980 incumbent President Jimmy Carter lost because Republican challenger Ronald Reagan rightly showed how Carter’sMisery Index the combination of unemployment and inflation rateswas ruining the country.

The resulting national malaise made Mr. Carter a one-term president.

If we use honest numbers, President Barack Obama’s ‘Misery Index’ is up to 5.42 points higher than what led voters to throw out Mr. Carter, says monetary expert Craig R. Smith, author of a new book out this week titled THE INFLATION DECEPTION: Six Ways Government Tricks Us…And Seven Ways to Stop It!

Today’s ‘Obamalaise’ is even more harmful than was President Carter’s ‘Malaise,’ says Smith.

Inflation today is much higher than Obama Administration appointees report, says Smith, part of a pattern of doctored statistics exposed in THE INFLATION DECEPTION.

If we measure inflation the way it was figured in 1980, then inflation today is running at least 8.5 percent per year, says Smith, the founder and Chairman of Swiss America Trading Corporation.

The Obama Administration has concocted a much lower number for ‘core’ inflation, says Smith, by deliberately omitting the fast-rising cost of gasoline, energy and food.

By doing this, the Obama Administration was able to deny cost-of-living adjustment increases in 2010, 2011, and is using budget gimmickry to deny increases in 2012 to senior citizens who depend on Social Security, says Smith.

President Obama is allowing the soaring inflation that his policies have caused to ravage poor seniors, perhaps so that he will have more billions with which to buy other votes, or to send as aid to foreign countries, says Smith.

President Obama owes America’s senior citizens an honest accounting and an explanation for why he is deliberately short-changing and harming them this way, says former think tank futurist Lowell Ponte, Smith’s co-author of THE INFLATION DECEPTION.

Does Mr. Obama think he can win re-election, asks Ponte, on a promise of ‘Hope and Short-Change?’

Unemployment remains stuck at 9.1 percent the kind of near-double digit level we have come to expect in Eurosocialist welfare states, says Craig Smith.

If you include the underemployed and those who have stopped looking for work, as was done during the Great Depression, then America’s real jobs picture is close to Great Depression levels of people without the jobs and income they need, says Smith.

Thirty-six percent of what the Obama Administration calls ‘wages’ are now government checks for welfare, 99-weeks of unemployment, and other social programs, says Smith, whose documentation of our sinking economy in THE INFLATION DECEPTION is truly terrifying.

The fall in housing values is now WORSE than it was during the Great Depression, says Smith.

And all these problems dragging down our economy are getting worse, not better. People urgently need information to protect themselves and their families against what is fast approaching.

Smith’s new book THE INFLATION DECEPTION explores the problems in nine of its chapters, and in the remaining three chapters it offers at least seven potential ways people can turn our impending economic and personal collapse around.

President Obama’s real unemployment number could be as high as 18.9 percent nearly one out of every five working age Americans lacks an adequate job plus his inflation number of at least 8.5 percent, write Smith and Ponte in THE INFLATION DECEPTION,give President Obama a ‘Misery Index’ of 27.4 percent.

This, Smith and Ponte write, is 5.42 points higher than what prompted American voters overwhelmingly to reject President Jimmy Carter for re-election in 1980.

Unless this improves dramatically by election day 2012, says Ponte, it’s hard to see how President Obama, whose ‘Misery Index’ is almost 25 percent worse than President Jimmy Carter’s, wins re-election. It’s the economy, Stupid!

Welcome to the Inflatocracy!

In-fla-TOC-racy (noun) 1. A new form of government of, by and for inflation. 2. Government that deliberately debases its paper money for social engineering, mind manipulation, wealth redistribution, secret taxation and seizing more power.

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.

THE INFLATION DECEPTION also explores new scientific research that reveals how inflation and the devaluing of our dollars literally changes brain neurochemistry, like a mood-altering, perception-altering drug.

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.

As America has become an Inflatocracy, with no more frontiers and ever-more-restricted opportunities like the European states most of our ancestors fled from, write Smith and Ponte, Americans who still carry their forefathers’ entrepreneurial DNA are suffering elevated rates of stress, frustration, illnesses, suicides and below-replacement fertility.

The Inflatocracy is literally killing off the old-fashioned kinds of Americans who made our country successful, prosperous and free, they write.

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.

Smith and Ponte explored other facets of today’s economic crisisin their widely-praised October 2010 book CRASHING THE DOLLAR: How To Survive A Global Currency Collapse.

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