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The Date That Will Live In Infamy

December 8, 2010 by  

Yesterday was the date that Franklin Delano Roosevelt said would forever “live in infamy,” thanks to the Japanese sneak attack on Pearl Harbor.

The U.S. government wasted no time in retaliating. Less than 24 hours after receiving the news in Washington, Congress declared war on Japan. And thus began World War II — the bloodiest and most costly war in history.

Investors reacted negatively. The Dow fell 3.5 percent on Dec. 7, from 116.6 to 112.48. It fell three more points the next day. In fact, the stock market lost more than 20 percent from Pearl Harbor to the eve of the first U.S. victory in the Pacific, at Midway.

Twelve years after the crash of 1929, the Dow was still barely one-fourth of its 1929 peak. But consider: Those numbers are about one-one hundredth of where the Dow is today.

–Chip Wood

Chip Wood

is the geopolitical editor of 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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  • Michael J.

    The attack at Pearl Harbor was an inside job. In today’s terminology it would be called a “False Flag Operation” In recent decades information of top level conspiracy has been uncovered about the attack that many have suspected all along.

    For many Americans, the memory of WW1 still burned brightly and the nation as a whole developed an unwritten policy of isolationism when it came to envolvement in another such conflict for which wounds were still being healed.

    Just prior to the attack on the Island of Oahu, the Japanese cypher, JN-25 was sufficiently broken to glean information as to the impending Japanese plans for a surprise attack which would decimate the American fleet all in one fail swoop and render the western coast of America vulnerable too a subsequent invasion.

    Question is, why were Pearl Harbor top brass kept in the dark in light of the decyphered Japanese plan of events? Why were so many American war ships lined up like sitting ducks in such a confined space? And lastly, why is it that no aircraft carriers, backbone of the fleet, present at the time of the attack? Coincidence, or too costly to sacrifice?

    To think that FDR or any president would allow the sacrifice of American service men and the neccesary machinery to defend our nation is unthinkable too say the least. But what is even more troubling is the fact that our current commander in chief so closely admirers and emulates Franklin Delano Roosevelt. Scarier yet, is the parellels between then and now with the Iranians reckless rethoric in regards to to western culture and Israel. Obama is faced with a similar dilema now fighting wars on two fronts while confronted with strong opposition too even the hint of a third front. Obama’s brief history of leadership is speckled with irrational unpredictability and appears more and more each day like a wounded animal trapped in a corner poised to strike out on impulse rather than deliberate wisdom.

  • s c

    People who worship FDR see only the ‘good.’ They ignore his ‘bad’ side. It is the same with the current prez. It takes a twisted mentality to take this approach with politicians, as damn few of them
    amount to a hill of rotting beans.

  • duggy dugg

    mike is 100% right ; it is convincinly documented that FDR tasked lt.commander arthur mccollum with the job of defining 8 provocations against the japanese government to induce them to attack the american stronghold of pearl harbor ; the oil embargo being the chief provocation;

    in the book “day of deceit” robert b stinnett shows photocopies of radio operator slips on which the japanese code was transcribed and later decoded; although the radio station on pearl received these japanese navy transmissions , they were forwarded to the white house [ fdr ] and not given to the admiral of the navy base and the general in charge of the army regiment ;

    the allegation is that the admrial on pearl husband immel and the genaeral officer in charge of the army base on pearl were deliberately kept in the dark as to where and when the japanese aircraft carriers were ; both the admiral and the general officer,
    short, were court martialed ; kimmel was exonerated posthumously ;

    it is my opinion ; powerful people made deals with the brits to save their country if america could be induced to get into the war ; i strongly believe f d r was pressured and bribed to get us into war ; for those ends ; look up balfour declaration

  • Tim

    Conspiracies on Pearl Harbour show bits of a puzzel. Not the whole. Well why waste a good conspiracy when incompetence and negligence were at play. War is not an attack – it is a build up of tensions, economic violations and posturing. Pearl Harbour was the flashpoint. Japan had become a war economy and was gearing up for war. Japan also had it’s own idiots and misconceptions, but on the whole they were very clever and industrious. They had plans for the whole area and were pursuing them in China and Korea.

    A war economy consumes copious amounts of resources and it has to expand rather like a pyramid system. In no uncertain terms Japan was a dangerous threat, one weakness – oil.

    Japan was in no hurry to attack America, but without it’s own oil reserves the nearest were in the hands of “colonists”. It was a matter of when.

    December, the Navy – airfleet were operating sweeps along the expected paths. They had a hint, broken codes but no specifics. Pearl harbour was too shallow for their air torpedoes to run.


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