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.
Report confirms Benghazi mistakes. Well, it took more than three months, but the State Department finally released the results of an internal investigation into what actually happened during the Sept. 11 attack on our consulate in Benghazi, Libya. It concluded that our ambassador and three other Americans died as a result of “systemic failures” and “leadership and management deficiencies” at senior levels within the State Department. The report also rejected the now-discarded explanation, put forward by U.N. Ambassador Susan Rice and President Barack Obama, that the attack was the result of protests against an anti-Islamic film.
Gold sales hit new highs. The U.S. Mint reports that sales of American Eagles, the popular gold coins it produces, exploded in November, hitting their highest level in more than two years. The Royal Canadian Mint says that sales of the gold Maple Leaf were also up dramatically last month. I don’t think it’s a coincidence that this follows on the heels of Barack Obama’s re-election. Do you?
Union bosses in Michigan thought they had pulled off a real coup when they managed to get a measure on the November ballot that would have enshrined their power in the State constitution. Imagine their shock when voters overwhelmingly rejected the amendment.
Regardless of whether Congress and the President reach some sort of accommodation over how much the “rich” will be taxed, a financial train wreck looks almost unavoidable. Blame Barack Obama.
An economic indicator goes positive. When he was chairman of the Federal Reserve, Alan Greenspan said that one of the unusual indicators he followed was sales of men’s underwear. The theory posits that sales decline when men are pessimistic about their incomes and the economy. Let’s hope the opposite is also true, because Hanes and other underwear manufacturers are reporting higher sales than they’ve enjoyed in years. The men’s underwear indicator is flashing positive.
Barack Obama says he wants $1.6 trillion in new taxes over the next 10 years. And our “don’t call my bluff” President made it abundantly clear that he’ll play hardball to get it.
Better not call that a “Christmas” tree. Politically correct Governor Lincoln Chafee of Rhode Island doesn’t want to offend the delicate sensibilities of any of his constituents by showing favoritism toward Christmas. So last year, he decreed that the beautifully decorated tree in the rotunda of the State House be known as a “holiday tree.” At the official lighting ceremony, however, a group of carolers showed up and burst into song. The tune? “O Christmas Tree,” of course. So this year, the Governor’s office gave just 30 minutes’ notice before the tree lighting. Can’t have any of those nasty carolers upsetting the non-believers, can we?
I don’t know who thought of the scheme that allows citizens to petition the Federal government to allow their State to withdraw from the Union. But whoever it was sure came up with a dandy way to get a lot of good patriots spinning their wheels.
Ron Paul’s farewell address. After 23 years in the House of Representatives, Ron Paul chose not to run again. Two weeks ago, he gave a farewell address on the House floor. He wanted to express “a few thoughts as to why the people of a country like ours, once the freest and most prosperous, allowed the conditions to deteriorate to the degree that they have.” Click here to read his complete speech.
The Pilgrims who landed at Plymouth Rock in December 1620 were motivated by the noblest of virtues. They had vowed to be as selfless as possible and to always put the needs of the group first.