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.
Rigging the unemployment numbers. There was a lot of pointing with pride last week when the Labor Department announced that unemployment in the United States had fallen from more than 9 percent to 8.6 percent. What the Barack Obama apologists didn’t mention, however, was that the numbers improved not because 120,000 new jobs were created; that would barely move the meter. No, what caused the drop was that 315,000 people stopped looking for work. Heck, if the White House could persuade all of the unemployed to quit applying for jobs, unemployment would fall to 0 percent.
Darn! Now, I can’t help defeat him. I was kind of sad to learn that after more than 30 years of pushing this country further and further left, Massachusetts’ favorite gay caballero, Barney Frank, would not be seeking re-election next year. I always enjoy sending a few dollars to anyone running against my least-favorite politicians. And I can tell you, there’s never a dearth of choices. Are there any other Bay Staters I should help defeat?
Europe is heading straight for the financial garbage heap. Economic collapse in Europe would almost surely drag the United States down with it. So get out of debt and buy gold to protect against the coming disaster.
CANTON, N.Y., Nov. 30 (UPI) — Students who chewed gum for 5 minutes before taking a test did better on the test than students who did not chew gum before the test, U.S. researchers said. Serge Onyper, an assistant professor at St. Lawrence University in Canton, N.Y., said “mastication-induced arousal” is credited for the testing […]
$14 billion in profits, zero in taxes. If you invest in General Electric, congratulations. Your company made $14 billion in profits last year and didn’t pay a penny in taxes. How was that possible? Well, $5 billion in profits in the United States were zeroed out because of a multitude of tax credits (think green energy) and other deductions. And $9 billion was earned and kept overseas, so no taxes were due on that money, either. If this makes you think our tax system stinks, you’re right. Now, what are we going to do about it?
Here’s some news that could turn the entire election upside down. Leading Democrats are urging Barack Hussein Obama to withdraw as a candidate for re-election in 2012, as Lyndon Baines Johnson did almost 50 years ago.
If you read the grand jury report, you would probably say hanging would be too good for Jerry Sandusky, Joe Paterno’s longtime assistant football coach at Penn State. The thought of a trusted adult taking advantage of his position to sexually molest young boys is absolutely sickening. Yet several things about this whole horrible story give me pause.
Getting paid a lot for messing up. A lot of folks believe that the profligate loan policies of Fannie Mae and Freddie Mac help precipitate the financial crisis in the United States and the multibillion dollar bailout both government-sponsored entities subsequently received. So they won’t be happy to learn that nearly $100 million of their tax dollars went to lucrative pay packages for the agencies’ executives. The two top guys, Fannie Mae CEO Michael Williams and Freddie Mac CEO Charles Haldeman, each collected about $5.5 million last year and may get even more. Congress has promised to investigate.
Sneaking a tax increase into law. The word out of Washington is that the so-called “super committee” of Congress, which was granted extraordinary (and unConstitutional) powers to “resolve” the debt crisis, will approve several new revenue enhancers. Please note it will not use the dreaded phrase “tax increase.” No, instead it plans to disallow many deductions taxpayers have enjoyed for years. The result, of course, will be to increase the taxes you and I pay.
No matter how many times you beat back a Federal power grab, it is almost impossible to kill the monster. Like the most terrifying villain in the worst horror movie you’ve ever seen, it keeps coming back to life and threatening the townspeople. Consider the efforts by the Food and Drug Administration to make it impossible for you to buy the vitamins you want.