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Ripple Effect

America’s Just 12.3% of the Problem

Loading ...Addison Wiggin

June 27, 2025 • 2 minute, 5 second read


debtglobal debtGreat ResetUS debt

America’s Just 12.3% of the Problem

Last week, the total debt in the U.S. topped $37 trillion.

Of course, that debt doesn’t include what’s owed on transfer programs – think Social Security and Medicare. The real numbers without the accounting gimmickry are far worse.

But the U.S. isn’t alone. Surging debt levels are a global issue. Total world debt has topped $300 trillion:

Turn Your Images On

Total debt has been soaring at an unsustainable rate for nearly 30 years.

That makes America’s debt look piddling by comparison – a mere 12.3% of the total. It’s a global crisis waiting to happen.

But that’s not the issue as the Senate debates the “big, beautiful bill” ahead of the 4th of July holiday weekend.

After a spike during the pandemic,  U.S. debt-to-GDP ratio is still over 120% – and climbing again.

Historically, no country that crossed the 130%  debt-to-GDP ratio has been able to survive long enough to “grow its way out” of a debt crisis.

Therein lies the tension. The Trump Reset formula requires an extension of his first-term tax cuts, low and fair tariffs… and low interest rates.

It’s a tall order. And why he’s pushing to get economic growth on the table before the mid-term elections in November 2026. (To understand it all, we’ve prepared this research: Trump’s Great Reset).

~ Addison

The Next 9/11 Won’t Come from a Plane…

Turn On Your Images.

America is facing its greatest war threat in more than 80-years. But the next 9/11 won’t come from a plane. It’ll come from something that could wipe the entire continental U.S off the map. That’s why President Trump is secretly fast-tracking this top-secret $2.5 trillion defense initiative. It will make America untouchable. And could create generational wealth for early investors. Click here now to find out how.

P.S.: High debt is a feature of “fiat” money systems. Money printing leads to higher inflation and more money printing. Which, in turn, creates more inflation.

You get the idea. It’s a doom loop.

As you know, that’s why we like gold. Gold holds its intrinsic value in the face of inflation. You can read our report on gold’s historic rise here.

That said, with the stock market back to all-time highs and many headline fears disappearing, gold is likely to take a breather this summer… and give you a chance to buy in at a discount. Keep an eye out.

As always, your reader feedback is welcome: feedback@greyswanfraternity.com (We read all emails. Thanks in advance for your contribution.)


Panama, The Strait… and Private Credit

March 16, 2026 • Addison Wiggin

With the United States conducting what the Pentagon politely calls an “operation” against Iranian military infrastructure, markets have had every reason to be panicky. Instead, the past week delivered something subtler…

Panama, The Strait… and Private Credit
All that Glitters Ain’t Enough

March 16, 2026 • Addison Wiggin

Gold has been consolidating after a powerful multiyear rally. Yet with America’s gold reserves equal to only about 3% of federal debt, the metal could still have significant upside ahead.

All that Glitters Ain’t Enough
You Can’t Print That!

March 13, 2026 • Andrew Packer

The Federal Reserve can print money, but it can’t print oil. As energy prices surge and supply disruptions loom, the central bank may find itself with limited tools to fight inflation driven by real-world shortages.

You Can’t Print That!
The SPR Drain Is Worse than You Think

March 13, 2026 • Andrew Packer

The plan to release 172 million barrels from the Strategic Petroleum Reserve would leave the U.S. with its smallest stockpile of emergency oil in more than four decades. And with tensions simmering globally, the shrinking reserve raises uncomfortable questions about how prepared the U.S. is for the next supply disruption…

The SPR Drain Is Worse than You Think