The 100-Hour War
On Feb.27, 1991, an amazing thing happened: The President of the United States went on national television to announce that the United States had won a war.
President George H.W. Bush told a grateful nation, "Kuwait is liberated. Iraq’s army is defeated. I am pleased to announce that at midnight tonight, exactly 100 hours since ground operations began and six weeks since the start of Operation Desert Storm, all U.S. and coalition forces will suspend offensive combat operations."
Would that his son had paid more attention to how quickly his daddy ended his Gulf War. (And would that daddy hadn’t stopped quite so quickly, but had gone into Baghdad and toppled Saddam Hussein.)
In the week following Bush’s remarks, the Dow gained 108 points. This capped a 20 percent surge in the stock market during the six-week Gulf War.
My, how times have changed.
– Chip Wood
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.
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