Expiring Canaries The June 24th TLR quoted several prominent hedge fund managers who in June asserted that gold was entering a new bull market when it broke through the $1400/oz. price level. That June 24th TLR, “The Canary in the Gold Mine,” suggested that if...

The Authoritarian’s Playbook As explained in prior TLRs, Turkey was once the shining example of a secular Islamic republic with an 80+-year history of Western-style democracy. It unfortunately has become the shining example of how to distort a Constitutional democracy, subvert secularism and install an...

The Free Speech Cycle The First Amendment to the U.S. Constitution (together with the Fourteenth Amendment) provides that neither Congress nor the States can pass a law that abridges Americans’ right to speak freely. It therefore guarantees a broad – and thoroughly American – freedom...

The Great Disruptor Donald Trump, the 45th President of the United States, is The Great Disruptor. There is little disagreement that in his less-than-three-years-as-President, Trump has caused more national and international disruption than any individual or group since the end of the Second World War. Is...