Training Against the Evils of Capitalism
“The younger generation of today has grown up in a world in which in school and press the spirit of commercial enterprise has been represented as disreputable and the making of profit as immoral, where to employ a hundred people is represented as exploitation but to command the same number as honorable. Older people may regard this as an exaggeration of the present state of affairs, but the daily experience of the university teacher leaves little doubt that, as a result of anticapitalist propaganda, values have already altered far in advance of the change in institutions which has so far taken place. The question is whether, by changing our institutions to satisfy the new demands, we shall not unwittingly destroy values which we still rate higher.
Hayek, F. A.. The Road to Serfdom: Text and Documents–The Definitive Edition: Text and Documents–The Definitive Edition (The Collected Works of F. A. Hayek, Volume 2) (p. 155). University of Chicago Press. Kindle Edition.
You Can Safely Ignore This | Gary North
Civil War Rumor: Put This One on Hold
Written by Gary North on May 7, 2012
An audio report on the Trunews site says that the Department of Homeland Security is preparing for a civil war in the United States. The reason: hyperinflation.
The source was one man, unnamed, inside the DHS.
The scenario is conceivable: hyperinflation. But it assumes that the Federal Reserve will be willing to destroy the dollar. That would destroy the FED’s credibility. It would threaten its supposed control over the business cycle.
The article says the informant thinks there will be no election this fall. That is a red flag: a real out-of-touch right-winger. I first heard this preposterous claim before the 1964 election. It is utterly absurd. Why? Because the Establishment rests its case for democracy on the assumption that the elections are not Council on Foreign Relations Team A vs. Council on Foreign Relations Team B. It means voters would have a choice, not an echo. Except in 1964, they haven’t. The Establishment controls who gets nominated — except in 1964.
I learned long ago to ignore anyone who says we may not get an election. It shows total ignorance about how this country works.
Here is the report.
In a riveting interview on TruNews Radio, Wednesday, private investigator Doug Hagmann said high-level, reliable sources told him the U.S. Department of Homeland Security (DHS) is preparing for “massive civil war” in America.
“We have problems . . . The federal government is preparing for civil uprising,” he added, “so every time you hear about troop movements, every time you hear about movements of military equipment, the militarization of the police, the buying of the ammunition, all of this is . . . they (DHS) are preparing for a massive uprising.”
Hagmann goes on to say that his sources tell him the concerns of the DHS stem from a collapse of the U.S. dollar and the hyperinflation a collapse in the value of the world’s primary reserve currency implies to a nation of 311 million Americans, who, for the significant portion of the population, is armed.
A civil war is not going to happen in this nation. We had one already.
A civil war implies two sides. There are not two sides. The voters are so close to each other that neither party can get a clear majority. The thought that Americans are willing to choose sides and fight a civil war is utterly crazy. Soft people who live in front of TV 7 hours a day are not civil war participants.
You can safely ignore this.
“The one source that we have I’ve known since 1979,” Hagmann continued. “He started out as a patrol officer and currently he is now working for a federal agency under the umbrella of the Department of Homeland Security; he’s in a position to know what policies are being initiated, what policies are being planned at this point, and he’s telling us right now—look, what you’re seeing is just the tip of the iceberg. We are preparing, we, meaning the government, we are preparing for a massive civil war in this country.”
One lone informant who has spent his life on a government payrol is not my idea of a reliable source. How would he know what the DHS is planning for? The DHS is a huge government agency that has no plan except getting bigger.
That the DHS is preparing for possible rioting is quite possible. No one is going to say “inner cities.” That would be politically incorrect. I’ll say it. They are not worried about suburbia.
He added, “It’s going to get so much worse toward the election, and I’m not even sure we’re going to have an election in this country. It’s going to be that bad, and this, as well, is coming from my sources.
Then his sources had better stop smoking whatever it is they are smoking.
“What they [DHS] are expecting, and again, this is according to my sources, what they’re expecting is the un-sustainability of the American dollar,” Hagmann said. “And we know for a fact that we can no longer service our debt. There’s going to be a period of hyperinflation . . . the dollar will be worthless . . . The economic collapse will be so severe, people won’t be ready for this.”
Not in 2012. Not in 2013. Not in 2014. A nation does not move from 2% price inflation to 100% or more in a year or two. To do this, banks would have to start lending: converting the FED’s monetary base into purchasing power used by consumers: increased money velocity. Do you think bankers will be lending in a civil war?
If the DHS is preparing for this, near term, the leaders are dumber than posts.
You can safely ignore this rumor.