Confessions of an Illegal Alien - Vivek Kaul's Diary
Free Reports

Confessions of an Illegal Alien

Feb 7, 2017


BALTIMORE - The Dow popped back up over 20,000 on Friday.

Federal debt approaches $20 trillion.

And Donald Trump claimed to have saved $600 million on Lockheed Martin's F-35 fighter jet program. (Did he take out the seat warmers or the A/C?)

Budget Fight

We don't know what's ahead for the Dow. But the direction of federal debt is known to us all.

Current projections - with no extra Trump deficit spending - will put it up by another $10 trillion over the next ten years.


Sometime this year, the number of people retiring will reach 10,000 a day.

More of us are becoming geezers, drawing on Social Security and medical benefits. And age-related spending - most of it healthcare related - accounts for 55% of government spending in the US.

This is why an ominous headline over the weekend reads 'White House, Senate Republicans Headed for Budget Confrontation'.

But pretty soon, Donald Trump's proposed tax cuts and spending increases will come into focus...along with the debt ceiling.

  Multibagger Stocks Guide
(2017 Edition)
  In this report, we reveal four proven strategies to picking multibagger stocks.0

Well over a million copies of this report have already been claimed over the years.

Don't miss it for anything.
Go ahead, grab your copy today. It's Free.
As soon as you sign up, You will start receiving The 5 Minute WrapUp,
a Free-for-life newsletter from Equitymaster

NO-SPAM PLEDGE - We will NEVER rent, sell, or give away your e-mail address to anyone for any reason. You can unsubscribe from The 5 Minute WrapUp with a few clicks. Please read our Privacy Policy & Terms Of Use.

Guns and Butter?

This is the same problem every welfare state faces: more old people and fewer young people to support them.

But the US has an extra problem: a stretched-out empire with troops in more than 100 different countries. (Last year, they dropped more than 26,000 bombs.)

How can it afford to continue with so many people also asking for pills and pensions?

'Guns or butter?' someone is sure to ask.

We'll come back to that...and explain why the welfare-warfare state is doomed... But let us return to the story we promised last week, 'Confessions of an Illegal Alien'.


The mice in the pantry wouldn't have noticed anything unusual.  Nor would the pigeons on the chimney tops. To the animal kingdom, including bipeds, we looked normal. But we had a dark secret.

In 1996, we crossed the border on a tourist visa waiver allowing us to stay for three months.

We didn't 'go legal' until a decade later.

For ten years, we lived as 'undocumented' residents. Illegal aliens.  No green cards. No visas. No nothing.

We had an apartment in Paris and a house in the country. We lived there together - husband and wife, a mother, an aunt, and six children - and not one of us had a proper visa.

We raised a family. We started a business. We hired dozens of people. We filed taxes in both France and the US and paid both governments millions in sales, income, and social charges.

'If you would bring your publishing business to [the little village where we were living at the time],' a neighbor joked, 'we'll put up a statue of you in the town square.'

'How big?' we wanted to know.

We bought an apartment and two derelict chateaux. We fixed them up... at a cost of millions. We bought a warehouse on the outskirts of Paris. We paid taxes, insurance, and renovation costs on all of them. We hired people to fix the roofs and cut the grass.

We were audited by the 'fisc' - the French tax people. We put our children in Catholic schools. We got stopped for speeding. We used the French socialized healthcare system on several occasions. We met French Prime Minister Lionel Jospin at a garden party. We went to weddings and funerals. We sang in the church choir. We buried our aunt in the town cemetery.

We bought one magazine and started up another. We gave speeches. We published books. We invested in one of the oldest book publishers in France - the largest (and... ahem... perhaps the only) publisher of the Latin and Greek classics in their original language.

It had a fusty bookstore on the Boulevard Raspail and had been losing money since 1919. When the owner retired, we bought the company... and it's still losing money!

'Thank God,' says the manager. 'Otherwise, we'd have to pay French taxes.'

Punishable Offense

We often lost money in France. But we acquired a taste for wine that sticks with us.

And never once, as far as we can remember, did we kill or rape anyone. We didn't even litter.

One time, however - it's time to make a clean breast of it since we are in a confessional mood - we were parked beside the road. Someone's overhanging apple tree tempted us. We looked around. No snake in sight. Like Eve, we succumbed. We ate the fruit and drove away in the dusk.

That may or may not have been a punishable offense. In any case, we were never apprehended by the gendarmes...and, happily, never deported.

But one by one, our children grew up and returned to the homeland. When the last of them was ready to go home, we followed.

Why didn't we get our papers in order?

No one ever asked us to.

BILL BONNER Founder, Agora Inc

Bill Bonner is the President & Founder of Agora Inc, an international publisher of financial and special interest books and newsletters.

Disclaimer: The views mentioned above are of the author only. Data and charts, if used, in the article have been sourced from available information and have not been authenticated by any statutory authority. The author and Equitymaster do not claim it to be accurate nor accept any responsibility for the same. The views constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the reader. Please read the detailed Terms of Use of the web site.

Recent Articles

Our Newest "Fixer-Upper" July 20, 2018
Bill Bonner talks in detail about US president been accused of treason, biggest debt default in China, the problem of growing inflation and the trade war.
How to Build Affordable Homes in India July 19, 2018
Rajiv Talwar, the CEO of DLF, makes a few interesting points in a recent interview.
Deep State Turns on Trump July 19, 2018
In the last half-century, no president has ever seriously challenged the Deep State. Bill discusses the repercussions of same in today's issue...
A Sense of Melancholy July 18, 2018

Equitymaster requests your view! Post a comment on "Confessions of an Illegal Alien". Click here!

1 Responses to "Confessions of an Illegal Alien"


Feb 11, 2017

Hmm. This is called perceptional bias. Humans generally look at the world through the prism of 'how I perceive it'. Mr.Bill is not expected to be free from it.

Equitymaster requests your view! Post a comment on "Confessions of an Illegal Alien". Click here!