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Daily Missive

Another Door Opens

Loading ...Addison Wiggin

January 20, 2025 • 4 minute, 41 second read


BidenBiden crime familyWEF

Another Door Opens

~~James Howard Kunstler 

“…there’s little political upside in defending the rights of undocumented shoplifters.” — Michelle Goldberg, The New York Times.

If past is prologue, Mr. Trump lacks the acumen to carry out his ambitious agenda. The first problem is management style. In his first term, Mr. Trump was a poor administrator because of his mercurial, polarizing style and a general indifference to facts and the hard work of governance. — Jack Goldsmith, The New York Times

Thus spake one Shawn McCreesh of The New York Times, America’s all-wise, all-knowing font of everlasting rectitude. But to answer his question, why blah blah: Donald Trump is glaring because he means bidness. His bidness is to shift the paradigm on the mendaciously sanctimonious managerial class of the USA, of which The New York Times is the principal mouthpiece. DJT looks stern, does he? All that really tells you is how nervous the Old Gray Lady is. A million or more brains, from sea to shining sea are about to get vacuumed out and redecorated

Readers of The New York Times — in their various C-suites, ivory towers, ateliers, yoga parlors, tasting rooms, bioweapon labs, and other haunts — remain utterly baffled about what is to begin today. No amount of ‘splainin’ seems to suffice. They behold the Golden Golem of Greatness (DJT) doing his dance onstage behind the cop, the Indian chief, and the cowpoke and all they can really see are their own careers going up in smoke (along with vested pensions, reputations, possibly even chattels, marriages, and health).

As I write, long before dawn, “Joe Biden” remains President of the US. You must wonder, as the hours dwindle to noon, what pardon power magic he’s saving for the final minutes of his term, while the whole nation is distracted by the spectacle in the Capitol Rotunda, the moiling dignitaries and celebrities, the solemn arrival of the elect, the snarky palaver of the cable news jockeys, the electric charge of history in the large room. . . .

It is a fact, perhaps missed by some of you, that Rep. James Comer’s House Oversight Committee just last week issued criminal referrals on James Biden (“Joe’s” brother) and First Son Hunter. Wait-a-minute, was not Hunter already pardoned for Gawd-knows how many misdeeds dating back to 2014, and (supposedly) preemptively for any alleged crimes to come ever hereafter? Part B of that may yet have to be adjudicated. A pardon is not intended to be a get-out-of-jail-free card. Anyway, would it be difficult for a federal attorney of average ability to draw a connection between the newly referred crimes of those two and the departing President? Hence, will “Joe Biden” pardon “Joe Biden” at 11:30 this morning?

Not to mention about 1000 other current and former public officials quaking in their Beltway McMansions this frosty morning. This is part and parcel, you understand, of the massive Cleanup in Aisle Four that must happen if the agencies of our federal government can ever be trusted again. For instance, the Department of Justice.

At the end of the workday, Friday, AG Merrick Garland made a triumphal final exit from the building past a throng of cheering and clapping employees, including dozens of federal attorneys who zealously persecuted their fellow citizens under color-of-law for no good reason, or real legal predicate, and ruined many lives and households in the process. Do you suppose they get a free pass on that? And what of the three bears of Lawfare: Norm Eisen, Marc Elias, and Mary McCord, all of them present at the creation of serial affronts against the Constitution (and decency) lo this past decade. Do they just skate? I doubt it, though it might take a while to shine a light on their turpitudes.

Will “Joe Biden” wave his pardon wand over Tony Fauci, Francis Collins, Scott Gottlieb, Deborah Birx, Rochelle Walensky, and dozens of other public health officials who sprung the Covid-19 operation and the deadly vaccinations on the country? Or Ralph Baric, hunkered out of sight in his Carolina lab? You realize, of course, that the orgy of illness and death from that is hardly over. For four years under “JB” the truth has been obfuscated and buried, because none of those characters has really had to answer for anything.

So, today another door opens. The To-Do list for Mr. Trump and his aides-de-camp is dauntingly long, the corrections needed are monumental. You might have even noticed that such corrections are badly needed all over the other countries of Western Civ, and strangely many are already following suit. The WEF-inflected governments of France, Germany, and the UK are already a’wobble, and Justin Trudeau threw in the towel two weeks ago. An Arctic blast could not be more fitting for what will move through the DC Swamp at high noon today. That is, if Mr. Trump manages to survive the hours until his swearing-in. Godspeed Number 47! And everybody else: put your tray tables up! A patch of turbulence ahead!


Update: I posted the above blog ten minutes before “Joe Biden” issued his raft of pardons for Fauci, the J6 Committee members, and others. We will have to stand by to see whether a “preemptive” pardon is a legitimate legal instrument. My guess is that it is not.

Further update: About fifteen minutes till noon today, “Joe Biden” preemptively pardoned the rest of his family, brothers Jim and Frank, a sister, various wives and husbands. What crimes did he have in mind, you must wonder. Money laundering? That would be my guess. Note: “JB” apparently did not pardon himself. Bribery and treason are still on the table then.


A Republic: Es Lo Que Es

July 3, 2025 • Andrew Packer

The genius of the American experiment is that it allows for course correction — but only if we remember our role. Not as subjects, but as stewards.

Your role, good sir or wise gentle lady, is to continue doing what you’ve always done: managing your affairs with clear eyes and a steady hand, educating those who’ll carry the torch, and resisting the ever-present temptation to comply just for comfort’s sake.

Yes, the government will grow. Yes, the financial world may turn inside out before breakfast — possibly before your second cup of coffee. But you still have the right to think. To choose. To invest in your own way.

A Republic: Es Lo Que Es
Higher For Longer on Interest Rates

July 3, 2025 • Addison Wiggin

For now, the mixed economic data means stocks will likely trend higher, until there’s a crisis. And when there is a crisis, the Fed will finally make its move and aggressively cut rates.

And, for now, bond yields are still near their highest level in 15 years. Bond yields, even on U.S. Treasury bonds, are over the rate of inflation.

In short, it’s not a bad time to lock in bond yields now – which will go lower during a crisis, pushing bond prices higher. And in a crisis, today’s high-flying stocks, driven by retail investors with a fear of missing out – could easily get crushed.

Higher For Longer on Interest Rates
2025’s Seismic Events

July 3, 2025 • Addison Wiggin

Markets are humming, policy dazzles, but beneath the gloss — tech booms, liquidity surges, digital currencies — the very foundations of money, governance, and investor sentiment are cracking, realigning, even smoldering.

The post-World War II Pax Americana isn’t evolving; it’s being dismantled rather quickly.

What’s emerging is accompanied by a load of distraction and showmanship. So it’s important to focus on the actual events taking place right now that are going to affect your portfolio this year.

And, we can’t overstate this, the changes that are actually happening right now to your money.

Today, digital dollars masquerade as cash, tariffs are cloaked as protection, AI layoffs spun as productivity, private assets packaged as democratized. And yet, none of it matters if the final pillar — confidence — crumbles.

When belief falters, no trumpet of “seismic event” grants you shelter.

2025’s Seismic Events
When Decent Performance Meets High Fees, Investors Suffer

July 2, 2025 • Andrew Packer

Private equity tends to perform better than the stock market, provided you do so over time.

Private credit, a newer asset class but a rapidly growing one, also shows strong returns, as well as relatively high current income.

And if you have a retirement account, chances are you’re willing to think long-term.

Win-win, right? Not necessarily.

First, these new funds would also come with an incentive structure similar to investing in a hedge fund. That includes a higher fee than a market index ETF – think 2% compared to 0.1% (or less).

Plus, many of these funds have a hurdle rate attached to them as well. Once they clear 5% returns – which, with private credit, can be easily cleared by making deals with cash returns over 5% – additional incentive fees may kick in.

When Decent Performance Meets High Fees, Investors Suffer