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.
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.
A quote worth remembering. “Maybe peace would have broken out with a different kind of White House, one less committed to waging a perpetual campaign–a White House that would see a 51-48 victory as a call to humility and compromise rather than an irrefutable mandate.” Does that sound like good advice for President Barack Obama? Actually, it’s a quote from Obama’s book The Audacity of Hope, which was published when he was the junior Senator from Illinois. He was talking, of course, about George W. Bush’s re-election victory.
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.