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.
My topic today is the great debate over raising — for the 81st time since 1940 — the ceiling on how deeply in debt the Federal government can go. To hear our officials tell it, if Congress doesn’t vote to let the Treasury borrow more billions, and do it now, the U.S. will face the biggest calamity since women started wearing slacks. Read this article to learn the surprising truth about the debt ceiling…
*Show me your papers, Mr. President. In case you missed it, Rush Limbaugh has joined the debate about where Barack Obama was born. Rush took to the airwaves on his hugely popular radio show last Friday and declared, “It’s stunning to me… Where’s the President’s vow to end the debate over his birth? We’re going on four years on this… So much of this is difficult to fathom, to believe.” Stay tuned, folks. We may finally find out if our President really does have a Hawaiian birth certificate.
Here’s something Scrooge McDuck would remember. On Jan. 21, 1980, gold hit what was then its all-time high, when it briefly touched $850 an ounce. When people speak of “gold’s glory days,” though, it’s a bit of a misnomer. Gold was above $800 for only one day. And it was above $700 for only four days. That’s one week for a bubble that saw the precious metal rise 500 percent from $160 an ounce in 1974, when Americans were once again permitted to own the Midas metal.
*If I lived there, I’d flee, too. Pity the poor folks in Illinois; they just got slapped with the largest tax increases in their history. Their legislature just hiked the state income tax by an astronomical 67 percent. Business taxes were raised an eye-opening 50 percent. No wonder the folks in the state above them are running ads saying “Escape to Wisconsin.” Wisconsin has actually promised to reduce taxes. Guess which one will get more new taxpayers?
Can you believe there was a time when we caved to the communists of North Korea and let them capture, beat and torture some of our sailors? This weekend marks the 42nd anniversary of one of the most shameful episodes in recent United States history. Here is the story of the USS Pueblo…
On Jan. 16, 1991, “Operation Desert Storm” began in the Persian Gulf. Americans watched on live television as U.S.-led coalition forces hit targets with missiles guided down a chimney or through a building’s window. Talk about pinpoint accuracy!
*They actually read the Constitution. Well, here’s an encouraging sign. When the members of the new Congress took their seats for the first time last week, the very first thing they did was to read the U.S. Constitution. Out loud. On the floor of Congress. It’s the first time in history this has been done. […]
As I write this, Congresswoman Gabrielle Giffords (D-Ariz.) is in critical condition in a hospital in Arizona after being shot in the head by a deranged psychopath at a political gathering in Tucson. Six people were killed in the assault last Saturday, including a Federal judge and a 9-year-old girl. Read this article to get Geopolitical Editor Chip Wood’s take on the Jan. 8 shooting…
Here’s a bit of forgotten history. On Jan. 12, 1848 a freshman congressman from Illinois delivered his first major address to the House of Representatives. A clean-shaven Abraham Lincoln declared: “Any people, anywhere, being inclined and having the power, have the right to rise up, to shake off the existing government, and form a new […]
*They only need a million more. There was a story in the papers just before Christmas about Dennis Ferguson, a recent retiree who sent the State of California a check for $10,000. The gift was his way of saying “thanks” for unemployment benefits he received back in 1964. Gee, if they could only get a few more folks to be so appreciative. It would only take … let’s see now … oh, about a million more such gifts to pay off the state’s deficit.