“Reserve currencies never die; they just fade away.” – The Lonely Realist A number of readers have challenged TLR’s assertion that the US Dollar’s “exorbitant privilege” is eroding. They are skeptical that any level of actual de-dollarization is occurring and dismiss TLR‘s repeated warnings about the...
“America is at war with the world…, and the world has caught on.” – The Lonely Realist If you’ve been avoiding the news – as many are apt to do these days –, you may be unaware of the extent to which America is waging wars...
“The Trump Revolution continues.” – The Lonely Realist TLR’s focus throughout 2025 has been on the range of existential problems complex issues facing America. These concerns were challenged by TLR’s imaginary mythical prophetess Cassandra in TLR’s December 6th commentary. She reasoned that Trump 2.0 has been executing...
“How did TLR do?” – The Lonely Realist TLR conveyed its perspective for 2025 shortly after Election Day in “Trumpian Disruptions.” Domestically, TLR predicted that “Donald Trump will transform Federal power by greatly expanding the prerogatives of America’s Executive [in reliance on the ‘unitary executive theory’ articulated...
“The risk of a doomsday event is rising.” – The Lonely Realist In January, the Bulletin of Atomic Scientists moved the second hand on The Doomsday Clock forward from 1 minute and 30 seconds before midnight to 1 minute and 29 seconds before midnight. Can there...
“China’s advantages in the production and refinement of rare earth elements are significant.” – The Lonely Realist TLR this week received a number of emails disagreeing with TLR's assertion in last week's commentary that China’s virtual monopoly over rare earth elements – that is, its 70% share...