“America’s income tax system is broken …, and America’s government could care less.” – The Lonely Realist On January 8th, Congressman Earl (Buddy) Carter (R-GA) introduced the Fair Tax Act of 2023 (FTA), which would repeal the Internal Revenue Code (IRC) and abolish the IRS, replacing...
“What will the contest between State governments reveal?” – The Lonely Realist The four largest American States by population are California, Texas, Florida and New York. Together, they host more than a third of Americans and produce more than a third of America’s GDP. As a...
“When did it become acceptable to shout down “disruptive” speakers and ban books that discuss racism and other ‘controversial’ subjects?” – The Lonely Realist TLR grew up in an era when free speech was the American Way. Saying what you believed wasn’t muzzled because it might...
The Bloomberg article linked here was published on Monday and mirrors the analysis and conclusions reached in Saturday’s TLR entitled All that Glitters. Bloomberg states in part that "A contingent of market participants has suggested that gold is gaining market share as a reserve asset,"...
“US Dollar hegemony is coming to an end.” – The Lonely Realist Updating for events that have driven TLR themes over the last several years reveals that the erosion of American wealth and power – anchored by the US Dollar – has accelerated because of a...