The Grey Swan Investment Fraternity now has members in over 28 countries! That’s not including members of our investor’s network, who also reach into countries such as Russia and China.
Thank you for being a member of our fraternity, and for helping expand the map. We look forward to updating it further!
Grey Swan Investment Fraternity member map as of 12/10/2024
January 12, 2026 • Addison Wiggin
Total municipal, state and federal debt service costs soared to nearly $1.5 trillion in the third quarter of 2025. Debt’s easy to accumulate when rates are low. Trouble is, you are obligated to refinance them even after rates go up.
It’s also a key reason why the Trump administration is demanding lower interest rates – even if it means reigniting inflation.
January 9, 2026 • Addison Wiggin
The “Donroe Doctrine,” the White House is calling… because Trump hasn’t yet stamped his name on every facet of U.S. political life.
America in the Americas. China in East Asia. Russia, where Russia still can.
There is a certain gangster logic to it. Not the UN Charter. Not the Magna Carta. More Godfather than Geneva.
Markets, predictably, shrugged.
Oil stocks rallied. Defense stocks jumped. Consultants booked flights to the oil fields near Lake Maracaibo and the Orinoco Belt.
January 9, 2026 • Addison Wiggin
Interest rates are coming down, emboldening consumers to take on more debt.
The latest data highlights a central feature of the real economy. Americans no longer manage savings and income but credit cards, HELOCs, and mortgages in an effort to keep up appearances.
Day-to-day expenses, health insurance, housing, car payments and tuition will continue to plague Americans throughout the year ahead of going to the polls in November.
January 8, 2026 • Lau Vegys
Roughly 70–80% of global silver supply comes as a byproduct of mining other metals—copper, lead, zinc, gold. This means that even if silver prices doubled tomorrow, production wouldn’t automatically increase unless mining of those other metals ramped up too. You can’t just “decide” to mine more silver.
Layer China’s export controls on top of all that, and you’re looking at a supply profile that’s unusually tight—and unusually vulnerable.
