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Beneath the Surface

Seven Grey Swans a Swimmin’ in 2025: #1 America’s Politics Continue Down the Path of Violence

Loading ...Addison Wiggin

December 31, 2024 • 6 minute, 14 second read


2025electionpoliticsTrumpU.S.

Seven Grey Swans a Swimmin’ in 2025: #1 America’s Politics Continue Down the Path of Violence

“If destruction be our lot, we must ourselves be its author and finisher. As a nation of freemen, we must live through all time or die by suicide.”

–Abraham Lincoln

 

December 31, 2024— On January 20, the Biden will end. And good riddance.

Why? Many reasons, from the soaring national debt to failure to address structural government spending priorities and successive debt default debates in Congress, phony corrupt wars overseas and election engineering gimmicks like an unconstitutional endeavor to buy off student loan holders.

Good riddance to election year 2024.

What a fraud the Democratic party’s effort to pass themselves off as the party “defending freedom and democracy” turned out to be.

The DNC and their allies spent the first half of the year brazenly lying about how Joe Biden was fit for office. We built our initial Grey Swan Investment Fraternity research on why Biden wasn’t mentally fit to be the candidate, and why he’d ultimately get the axe. We were right.

It’s barely satisfying to watch the legacy media’s insouciant soul-searching while they fumble every attempt to explain why they swallowed the party line… hook, line and sinker. Their smug dismissiveness of independent thinkers looks a little barren and niggardly now.

Clearly, the programmers and producers of what passes as network and cable programs have no idea what is actually happening in the country in which they purport to explain the “news” on a 24-hour schedule. Or, worse, they know it’s a lie, but they peddle it as news anyway to further an agenda.

So capping our Seven Grey Swans a Swimmin’, here’s our #1 forecast for ringing in 2025: The progressives were emboldened in the dark times of the Biden era… and they will not go quietly into that good night.

We refer to the knuckleheads who rioted under BLM… the vocal supporters of defunding the police…, and the students who rallied in the irrational support of Hamas, a violent, anti-gay, hard-line religious terrorist group…  all of these privileged obsequies proved much more militant than the earlier Occupy Wall Street movements.

But, in fact, as we have detailed on occasion here in the daily missive, these groups share in their DNA the roots of protest that date back to the 1960s Saul Alinsky and the Cloward-Piven strategy to rot American education, legal and democratic institutions in the country from the inside.

The professional dissidents are not likely to let a landslide election victory against the Clinton, Obama, and Biden political establishment stop them from conjuring up a new social justice campaign to rally around.

It appears they’ve beaded in on Project 2025 and are attempting to pin that on the second Trump administration’s agenda.

True or not, sparks will fly when the inevitable challenge of moving legislative gears in an opposite direction begins to take shape.

Regrettably, that means America’s political violence is not over.

We can blame the seething underbelly of the festering political process just below the surface in urban areas, which was the holdout of believers in the big government and the censorship state. We can blame an underclass exploited for their desire to achieve what is actually promised: The American Dream.

We can even blame the heart of a roiling democratic system in the United States, the world’s most peculiar experiment with the government of the people, for the people, by the people to date.

Ultimately, we only hope that freedom and liberty will prevail.

But it will get darker before the dawn.

There’s already infighting among the MAGA right and the Elon Musk right over immigration policy.

If, as a human collective effort, we want to build new communication networks, explore the genome and build new defenses against disease… if we want to explore space and build carbon-free energy systems… if we want to eat meat and plants and feed 8 billion people… we need tech. If the U.S. wants to lead tech, it’ll need to recruit the best and brightest globally.

That’s one vision.

The Luddites and American traditionalists have another. Not just America first, as Donald Trump proclaims, but Americans only. Never mind we’re a nation built on legal immigration, and getting the world’s best and brightest is one of the greatest imports we could ever have.

No political coalition lasts.

The MAGA coalition will be no different.

The progressive movement represented by old-school hard-left visionaries will not hesitate to exploit the inevitable divisions.

For now, what Javier Mieli has done in Argentina to right-size their government cannot happen here. There are too many vested interests in Ukraine, Israel, Medicare/caid, Wall Street, defense contractors, health care companies, and NGOs to simply cut off the spigot.

The Trump agenda has two years before the mid-terms revert to American democracy as usual.

God bless the experiment.

Grey Swan #1: American Political Violence Returns To A Street New You

America is already facing a crumbling economy, the threat of China, and the destruction of the middle class.

The country’s increasing widespread political violence could be the final straw to break our nation apart.

Things have gotten so bad that a full 23% of Americans support their state seceding from the U.S.

A recent survey found that 10% of American adults, including a third who own guns, believe that “use of force is justified to prevent Donald Trump from becoming president.”

Equally concerning, 7% support using force to restore Trump to the presidency.

But this trend is not limited to one side of the political spectrum. Equal numbers of Democrats and Republicans have reported that threatening the other party’s political leaders is justified in some cases.

Both sides engage in inflammatory rhetoric and baseless conspiracy theories that experts believe could lead to more lone-wolf attacks or even organized violence, potentially pushing the country toward conflict unlike anything seen in American history since the Civil War.

A December 2021 survey by the Washington Post and the University of Maryland found that 1 in 3 Americans believe violent action against the government can be justified, compared to fewer than 1 in 10 in the 1990s.

More recent polls show this trend continuing, with an April 2024 PBS/Marist poll finding that 28% of Republicans and 12% of Democrats believe Americans may “have to resort to violence to get the country back on track.”

This is wild to me, especially since it’s not even about policy disagreements. It’s become deeply personal and identity-based.

As political scientist Lilliana Mason explains, “The parties are significantly more racially distinct than they were a few decades ago.”

This isn’t just about policy disagreements anymore. It’s about two fundamentally different visions of America, with each side viewing the other as an existential threat.

This mindset creates fertile ground for justifying violence.

And that means we could see more of it when Donald Trump retakes the White House and looks to make significant changes to the size and scope of government in 2025.

Regards,


Addison Wiggin,
Grey Swan

P.S.  Reader Jerry writes in with the perfect thought to end 2024:

Thanks, Addison, for the ever-insightful clarity from yourself and the great friends you publish, many of whom I read, like Bill Bonner and Porter Stansberry.

As I said in my subject line, like Argentina, we need the chainsaw to be wielded to eliminate cancers, not trim them into pretty shapes.

Our offices will be closed tomorrow. Happy New Year to you and yours!

Your thoughts on the top Grey Swan events of 2025 are always welcome here: addison@greyswanfraternity.com.


From Permission to Possession

December 12, 2025 • Addison Wiggin

America has consistently reinvented itself in times of crisis. The founders survived monarchy. Lincoln survived disunion. We’ve survived bank panics, oil shocks, stagflation, and disco. We’ll survive deplatforming, too.

The Second American Revolution won’t be fought with muskets or manifestos. It won’t be fought with petty violence and street demonstrations. It will be written into code. And available to those who wish to take advantage of it.

Russell Kirk called the first American Revolution “a revolution not made, but prevented.” The second will be the same. We’re not tearing down the house — we’re going to rewire it in code.

The result may not be utopia. But it will be freedom you can bank on.

From Permission to Possession
Debanking the Outsider

December 11, 2025 • Addison Wiggin

Treasury Secretary Scott Bessent has called stablecoins, including USDC, “a pillar of dollar strength,” estimating a $2 trillion market within five years. U.S. Treasuries back every coin.

Bessent’s formula even suggests that a broader, more efficient market for US dollars will help retain its best use case as the reserve currency of global finance… and, perhaps, help the current administration address the nation’s $37 trillion mountain of debt.

In trying to cancel a man, the establishment accidentally reinforced the dollar, and may add decades to its life as a useful currency.

Debanking the Outsider
The Second American Revolution Will Be Digitized

December 10, 2025 • Addison Wiggin

As we approach the 250th anniversary of the United States, it’s worth recalling that our first Revolution wasn’t waged to destroy an order — it was fought to preserve one.

Political philosopher Russell Kirk called it “a revolution not made but prevented.” The colonists sought not chaos but continuity — the defense of their “chartered rights as Englishmen,” not the birth of an entirely new world. Kirk wrote:

“The American Revolution was a preventive movement, intended to preserve an old constitutional structure. The French Revolution meant the destruction of the fabric of society.”

The difference, Kirk argued, was moral. The American Revolution was rooted in ordered liberty; the French in ideological frenzy. The first produced a Constitution; the second, a guillotine.

Two and a half centuries later, the argument continues — only now, the battlefield is financial. Who controls access to money? Who defines legitimacy? Can a citizen’s ability to transact depend on their politics?

The Second American Revolution Will Be Digitized
The Money Printer Is Coming Back—And Trump Is Taking Over the Fed

December 9, 2025 • Lau Vegys

Trump and Powell are no buddies. They’ve been fighting over rate cuts all year—Trump demanding more, Powell holding back. Even after cutting twice, Trump called him “grossly incompetent” and said he’d “love to fire” him. The tension has been building for months.

And Trump now seems ready to install someone who shares his appetite for lower rates and easier money.

Trump has been dropping hints for weeks—saying on November 18, “I think I already know my choice,” and then doubling down last Sunday aboard Air Force One with, “I know who I am going to pick… we’ll be announcing it.”

He was referring to one Kevin Hassett, who—according to a recent Bloomberg report—has emerged as the overwhelming favorite to become the next Fed chair.

The Money Printer Is Coming Back—And Trump Is Taking Over the Fed