Bad News from Appalachia - Vivek Kaul's Diary
Free Reports

Bad News from Appalachia

Nov 16, 2016


BALTIMORE - What we can expect from the Trump administration is coming into clearer focus.

Mr. Trump may be impetuous and unpredictable. But the economic policies of his administration are not.

In fact, he has little choice...

The system depends on more and more credit (debt).

Households are tapped out. Businesses are near their limit. Only the feds can add more credit into the system.

As we warned here, no matter who won the election, the Deep State would be forced to move toward fiscal stimulus.

"The Donald"... with support from a Republican Congress... will move aggressively.

But we'll take a hard look at the dots tomorrow. Today, we look at death.

  Modi Wins Fight Against Black Money.
But Will He Win This NEXT BIG ONE?
  The fight against black money has been dealt a solid blow.

And Congrats to Modi and his Government for that.

But even as we grapple with the short-term implications of this 'strike', there's something extremely worrying that needs to be addressed.

You see, India is facing a crisis, potentially of massive proportions. It involves a long-term trend that started years ago...and it is developing as solidly as ever:

33,000 per day...

1,000,000 per month...

12,000,000 per year...

Yes, that's the pace at which this trend is growing...

To know more about exactly what this trend is all about and how you can prepare yourself for it, please click here...

Death on the March

We drove down to southern Virginia on Sunday.

Word had come up from the Appalachians that our mother was about to bring down the curtain. At 95, she is having a hard time breathing, eating, or just sitting up.

"We thought we lost her last night," reported a sister. "You better come right away."

Death seems to be on the march. Friends, relatives... and people we admired...

Last week, Leonard Cohen died. So did Janet Reno and our old friend Howard Ruff, a pioneer in the newsletter business.

On the way down to Virginia, we listened to Shelby Foote's history of the War Between the States.

Mr. Foote is not one to pass up a colorful detail. His history takes about as long to get through as the war itself.

We passed many of the familiar battlegrounds - Fredericksburg... Ball's Bluff... and Spotsylvania County, where Ulysses S. Grant and Robert E. Lee squared off against each other for the first time at the Battle of the Wilderness...

...thinking about those thousands and thousands of deaths...

It was America's most catastrophic war... with 600,000 dead.

"It's easy to die. And there are a lot of ways to do it," wrote a soldier in a letter to his family.

The state of Virginia alone suffered 30,000 military casualties at the hands of the Yankees. Virginia had a population of only 1.2 million at the time. That would be the same as about 8 million deaths in America today.

No one has ever convincingly explained why it happened. Not for lack of trying. Slavery, states' rights, Lincoln - you can throw up lots of "reasons." But imagine the poor soldier.

Did he care about states' rights?

Probably not. And if he cared about slavery at all, it is unlikely that he was ready to die for it... one way or another.

Lincoln bears an overmeasure of responsibility; he almost seemed to want war. But why did so many go along... all the way to the grave?

Disaster Connoisseur

Here at the Diary, we are connoisseurs of disaster. We study it the way some people study ancient Sumerian texts or Chinese porcelain.

Not natural disasters; what interests us is the man-made kind. And what most intrigues us about them is that people are so eager to get involved.

In Gone with the Wind, for example, Rhett Butler sees the war with a cynic's eye. He takes advantage of the situation, running the Union blockade and earning a fortune.

But even he cannot resist. Before the war is over, he puts on a gray uniform and signs up for the Great Cause.

Some go to war for glory. Some go to avoid shame. Some joined the Union Army in the 1860s because they had to - like the thousands of Irishmen who survived the Great Famine by emigrating to America, only to be conscripted and killed at Shiloh or Antietam or Gettysburg.

And many went as a matter of principle - like those who fought for the New York Volunteers or the Charleston Irish Volunteers - though it is hard for us to understand exactly what principle was involved or why it was worth dying for.

Slavery was a serious issue; but the rest of the world managed to abolish it without bloodshed.

We drove on... battle after battle... skirmish after skirmish... surly soldiers, vainglorious, incompetent officers... introductions to "Bobby" Lee and U.S. Grant... along twisty Virginia roads, until we finally arrived near Lynchburg.

"Hey, Mom," we said in a loud voice. "Glad to see you still among the quick."

"I'm still here," said a weak, gasping voice. "And I'm fine."

"Well, you don't look all that great."

"I guess I should dress up. I'm going to a funeral. I'm going to be the guest of honor."

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

2019 Lok Sabha Elections and the Perils of Populism July 17, 2018
Evidence from around the world shows that populism can only lead to more populism and this is clearly not good news for the Indian economy.
Why We Defended Trump in London July 17, 2018
Bill discusses how Trump's trade war with China is a win-lose proposition and how the risk of China's collapse will be shared by all her trade parties...
The Market Gods Are Laughing July 13, 2018
President Trump escalated the trade war yesterday, and the Chinese say they will retaliate. Where is this trade war heading? Bill shares his insights.
MSP Leads to Excess Procurement of Rice, Which Leads to Waste of Water and Money July 12, 2018
Wheat, MSP, Food Corporation of India, CACP

Equitymaster requests your view! Post a comment on "Bad News from Appalachia". Click here!