Hello Darvon,
I'm glad to hear you managed to find the solution to your problem.
I also just recently bought the 7 in 1 c++ book for dummies, and I am using all the same default settings you were, and of course, I am getting the same error message. I also searched the forum, and found that same post by Jens to NorthNinja that you added to this post. I followed all those same instructions about the toolchains and bin folders, but alas, I am still getting that message.
"Hello-Debug" uses an invalid compiler [YOUR ANSWER IS ALREADY THERE. SEARCH THE FORUMS!]. Skipping...
Nothing to be done.
I am using the same compiler, same version of code blocks, and the same path, but the one difference I can see is that my OS is Windows Vista, could that be the problem?
Also, while searching the forum I noticed a lot of people seem to be having this problem, and we all seem to be using the same book for dummies. I just thought it was funny that a book that prides itself on being for total beginners baffles all of us. Maybe I should wait for someone to publish an even easier to use book for 5 year-olds? Oh well, good luck on your road to mastering c++, and thanks in advance to you or anyone else out there that may have some advice on this subject.