Chip Wood Archive
Chip Wood is the geopolitical editor of PersonalLiberty.com. He is the founder of Soundview Publications, in Atlanta, where he was also the host of an award-winning radio talk show for many years. He was the publisher of several bestselling books, including Crisis Investing by Doug Casey, None Dare Call It Conspiracy by Gary Allen and Larry Abraham and The War on Gold by Anthony Sutton. Chip is well known on the investment conference circuit where he has served as Master of Ceremonies for FreedomFest, The New Orleans Investment Conference, Sovereign Society, and The Atlanta Investment Conference. Email this author.
Obama wins, stock market falls. The day after Barack Obama’s re-election victory, the Dow Jones industrial average, a popular gauge of the U.S. stock market, suffered its biggest loss in nearly a year, dropping 312.95 points. Even so, the fall wasn’t as bad as the day after Obama first won the White House. On Nov. 5, 2008, the Dow plummeted 486 points. Maybe we should be glad the drop wasn’t worse this time.
The fiscal cliff draweth nigh. A lame-duck Congress and a triumphant President have six weeks to effect a deal that will keep the country from plunging over it. And right now, while both sides pay lip service to the idea of compromise, it looks like they’ll play chicken right up to the edge.
Well, so much for the seers, sages, pundits and prognosticators who predicted an easy victory for Republicans on Election Day. It turned out to be anything but. For a lot of us, our worst fears are coming true.
Are you ready for a little revenge? At a campaign rally the day before the election, Barak Obama told the crowd that “voting is the best revenge.” Really? What a strange thing to say. Now he’s got me worried about who he wants to take revenge on. Oh, I know: It’s all those “millionaires and billionaires” who aren’t paying their fair share. I guess we’d better get ready for the tax bite to cut a lot deeper.
With all of the focus on the race for the White House, let’s not forget about some other crucial elections on Tuesday. There are seven Senate races I’ll be watching very closely next week. Conservatives have a very good chance to chalk up victories in all of them.
With friends like these… What do Russia’s near dictator Vladimir Putin, Cuba’s actual dictator Raul Castro and Venezuela’s almost dictator Hugo Chavez have in common? All of them have indicated that they want to see Barack Obama win his re-election bid. Somehow, I don’t think we’ll be seeing any of these endorsements in an Obama campaign ad this year, do you?
This puts it in a nutshell. From a recent column by Ann Coulter: “Since Obama has been president, everything you own — your home, pension, savings accounts, weekly paychecks — are all worth less. Meanwhile, everything you need — gas, food and anything else that requires fuel to be transported to you — costs more.” I couldn’t have said it better myself.
Phew! Aren’t you glad that the Presidential debates are finally over? Don’t you wish that all the political ads, phone calls and emails were as well? Is it just me or has the political season seemed extra-long this year — and extra-nasty, too?
Powerful movie now available on DVD. Did you get to see “2016 Obama’s America” while it was playing in local movie theaters? In case you missed it or if you would like a copy so you can show it to friends, I’m happy to report that it’s now available on DVD. The list price is $19.99, but it’s available on Amazon.com for half that amount.
That sure was a different Barack Obama we saw in Tuesday night’s debate, wasn’t it? We were promised aggressive, and we sure got that. Many commentators are calling it the most confrontational Presidential debate ever.