Thanksgiving – A unified, national myth

[Bill Bonner's Diary]( Editor’s Note: The Bonner & Partners offices are closed for the Thanksgiving holiday. Today, we invite you to enjoy this classic Diary essay Bill penned in 1999. Thanksgiving – A Unified, National Myth By Bill Bonner, Chairman, Bonner & Partners [bill bonner] I turned to my trusty assistant… Beirne White… this morning. “Beirne,” I said gravely, “tell me about Thanksgiving in Mississippi.” Beirne proceeded to tell me about a Mississippi bluesman named “Son” House, who lived to be 86 by doing what bluesmen tended to do… chasing bad luck, bad liquor, and bad women. “What has that got to do with Thanksgiving?” “Nothing,” he replied… whereupon he drew on the resources generously provided by Britannica.com, formerly of Chicago, lately of cyberspace, to get me the research I requested. In a country where roots meant almost nothing, where people were ready to pick up and move at the drop of a hat… Thanksgiving served to provide a unified, national myth… Beirne hails from Mississippi. And while Mississippians will sit down with the rest of the nation… and tuck into their turkeys with equal relish… perhaps only substituting bourbon pecan pie for the sweet potato or pumpkin pie enjoyed in Maryland… it was not always so. Somewhere deep in the most primitive part of his medulla oblongata, the part of the brain where race memories are stored, Beirne resists Thanksgiving. It is, after all, a Yankee holiday. Recommended Link [The Clock Was Ticking… I was going to lose $1,000,000 in 8 hours…]( It started like any other day. I ate breakfast. Read the paper. And went into the office. But at 9 a.m. when I opened my brokerage account… the market had turned against me. Here's how I saved my life savings… and made the biggest gain of my career. [Click here for the full story]( -- In the middle of the War Between the States, both sides would proclaim days of “thanksgiving,” following the progress of the war as we now follow the progress of the stock market. After each of the first and second battles of Bull Run – which sent the Yankees fleeing back to Washington – the Confederates proclaimed days of thanksgiving. But it was Lincoln’s day that stuck. Declared after the battle of Gettysburg – the last great Napoleonic charge of military history – Thanksgiving was set for the third Thursday in the month of November, commemorating the Northern victory. Beirne doesn’t say so… but this fact must stick in his craw. It doesn’t help that the original celebration took place in Massachusetts. And that it was hosted by a dour bunch of Puritans, who probably wouldn’t have been able to enjoy a good dinner if their lives depended on it. But they certainly had a lot to be thankful for. As The Wall Street Journal reminds us annually, they nearly exterminated themselves in typical Yankee fashion – by wanting to boss each other around. They had arrived in Massachusetts by accident and bad seamanship, intending to settle in the more hospitable climate of Virginia, which had been colonized more than 10 years before. Recommended Link [You've Never Seen Me Do This Before…]( [image]( I'm going to do something I've never shared with anybody before… [Live on video](… the best way I can describe it to you is to call it a little bit of "[street magic](." Strangers get involved, so does my laptop… and a whole lot of money. [Click here to see it]( -- Once in Massachusetts, they proceeded to set up such a miserable community that surely most of them, had they lived, would have longed to return to England. The Soviets could have learned from their example and spared themselves 70 years of misery. Only after the “witch-burners and infant-damners” abandoned their communal form of organization and allowed people to work for themselves did the colony have a prayer of survival. But victors write the history books. And now, this precarious celebration by a feeble group of religious zealots has turned into the most American holiday. After Appomattox, the South was helpless. Its natural leaders, the plantation aristocrats, were either dead, bankrupted, and/or discredited. Many of them went to Northern cities, like New York or Baltimore, where, Mencken tells us, they “arrived with no baggage, save good manners and empty bellies.” They enriched the North. But back home, they were sorely missed. “First the carpetbaggers,” says Mencken, “ravaged the land… and then it fell into the hands of the native white trash…” Scars of war can take a long time to heal. But 130 years later, the South is the most economically and culturally robust part of the nation. Thanksgiving was declared a national holiday in 1941. Through the Depression and then World War II, Thanksgiving grew in importance. In a country where roots meant almost nothing, where people were ready to pick up and move at the drop of a hat, where there were huge differences in what people thought and how they lived, Thanksgiving served to provide a unified, national myth… most popularly expressed in Norman Rockwell’s Thanksgiving cover for The Saturday Evening Post. Roots mean more in Mississippi than they do in California. Recommended Link [Silicon Valley Exec: 3 Ways to Get Rich on Self-Driving Cars]( Most investors don't realize how quickly self-driving cars are advancing. In fact, by the end of 2017, fully self-driving cars could reach the mass market. This is the hottest trend in technology right now. And if you act quickly, you could make a fortune. I've used my decades of experience as a Silicon Valley executive to identify three key self-driving stocks that could make you a fortune this year. [Click here]( -- “No man is himself,” said Oxford, Mississippi’s most celebrated alcoholic. “He is the sum of his past.” Unlike so many other American writers of the 20th century, Faulkner stayed home. The foreword to the Encyclopedia of Southern Culture has a passage from Faulkner saying, “Tell about the South. What’s it like there. What do they do there. Why do they live there. Why do they live at all.” Even in Faulkner’s Mississippi… Thanksgiving is now part of everyone. Where Beirne goes… it goes, too. And so, all over the world, Americans, gathering in small groups like pilgrims on distant shores, celebrate the holiday (if not on the actual day… perhaps the weekend following… as we will do). This can require a little ingenuity. Americans in France have to search for the ingredients. Pumpkins are hard to pronounce – citrouilles – and hard to find. Cranberry sauce is unknown. But my mother discovered a store in Paris specializing in American groceries, named The Real McCoy. She hastened thither yesterday and brought back canned pumpkin, cranberry sauce, and peanut butter. Thanks to this outpost of American culinary supplies, we will be able to have a very typical Thanksgiving dinner when we slide our chairs up to the table on Sunday. Art Buchwald has translated the Thanksgiving story for the French, deftly turning Captain Miles Standish into Le Capitaine Kilometres Deboutish. But no one has refashioned American Thanksgiving recipes for the metric measuring cups here in France. My wife, Elizabeth, descendant of the Puritan fathers… former resident of New York… a Yankee, in other words… and my mother – issuing from southern Maryland tobacco farmers and the French bourgeoisie – will do their best. And we will be thankful. Regards, [Signature] Bill [Bonner and Partners]( © Bonner & Partners 55 NE 5th Avenue, Suite 100, Delray Beach, FL 33483 [www.bonnerandpartners.com]( This e-mail was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Customer Service Bonner & Partners welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact us, call Toll Free: (800) 681-1765, International: (443) 353-4462, Mon-Fri: 9am-7pm or email us [here](mailto:feedback@bonnerandpartners.com). Having trouble getting your e-mails? Add us to your address book. Get Instructions [here](… © 2017 Bonner & Partners, 55 NE 5th Avenue Suite 100, Delray Beach, FL 33483, USA. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from the publisher. 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