GSI Banner
  • Free Access
  • Contributors
  • Membership Levels
  • Video
  • Origins
  • Sponsors
  • My Account
  • Sign In
  • Join Now

  • Free Access
  • Contributors
  • Membership Levels
  • Video
  • Origins
  • Sponsors
  • Contact

© 2025 Grey Swan Investment Fraternity

  • Cookie Policy
  • Privacy Policy
  • Terms & Conditions
  • Do Not Sell or Share My Personal Information
  • Whitelist Us
Beneath the Surface

Bonus Grey Swan Event: Rise of the American Police State

Loading ...Addison Wiggin

January 2, 2025 • 6 minute, 1 second read


civil decaycybertruckGrey Swan EventTrumpviolence

Bonus Grey Swan Event: Rise of the American Police State

“Violence, even well-intentioned, always rebounds upon oneself.”
–Lao-Tzu


 

January 2, 2025 — Well, that didn’t take long. We published Grey Swan Event #1: Return of American Political Violence at 2 p.m. ET on December 31, 2024.

Less than 15 hours later, the first knucklehead of the year, Army veteran Shamsud-Din Jabbar, 42, a home-grown terrorist from  Houston, Texas, drove his Ford F-10 Lightning into a crowd of New Year’s revelers on New Orleans’ famed Bourbon Street.

Jabbar killed 15 people with the pickup truck and then got into a shoot-out with New Orleans police, wounding two officers.

Early reports indicate the assailant had some morbid fascination with ISIS. It’s too early to tell if that’s material to the incident or not. Video evidence on the Internet shows the dumbass was flying an ISIS flag from the back of his truck when he committed the crime.

Six hours later, a second as yet unidentified knucklehead exploded a Tesla Cybertruck in front of the Trump International Hotel in Las Vegas, killing himself and injuring seven other people minding their own business nearby.

Law enforcement told the media that the Cybertruck was rented to Matthew Alan Livelsberger, 37, an active-duty U.S. Army Special Forces intelligence sergeant serving in Germany who was on leave in Colorado at the time of the incident.

The two acts of domestic violence are not currently thought to be connected. But again, it’s probably early to tell on that account, too.

The Cybertruck, part of Elon Musk’s brand image, raging on fire in front of a Trump property is already the first iconic image of 2025.

Turn Your Images On

Source: Reddit

Like we said, that didn’t take long.

Here’s a bonus Grey Swan event that you might think is improbable but whose likelihood just gained a few determinant odds for the year: The U.S. law enforcement response will be strict and targeted to U.S. citizens. The long-feared American Police State has reached headline status in mainstream culture.

That’s not a Grey Swan event we would ever want to predict, much less see or experience. But, if ever Vonnegut’s expression “so it goes” is appropriate, it’s how we begin the year 2025.

To be clearer, a “law and order” response will likely swing the pendulum to the opposite extreme, inviting further attacks and an ever more strident police response, replete with a further erosion of civil liberties.

How did we get here? We look forward to your own ideas on these events. And prime the pump with a thoughtful response we received from Guillermo, a Grey Swan member, and American citizen, currently raising his daughter in the D0minican Republic.

What, in part, is the cause of America’s declining sense of civic duty and rising violent tribalism? Guillermo gives a specific response from his own perspective below. ~ Addison

The Decline of America’s Civil Institutions
Guillermo Garcia, Grey Swan Investment Fraternity

I’ve just read your email regarding what is happening in American society. Your article was a very good read in these difficult times the world is living. I’m an American citizen by birth and have been a lover of the USA ever since my parents sent me to a boarding Catholic high school from 1974 until 1978 in Maryland. That’s where I learned why and how the USA had become the greatest country in the world.

For years, I have been uncomfortably aware of the issues you describe. It is quite an experience to have known the States in high school in the ’70s and to have seen the decline of American society, little by little (which may be the worst way possible). After high school, I spent most of my adult life living overseas in the Dominican Republic, in Santo Domingo and yet, I never stopped reading the Wall Street Journal, among other news sources.

In 2013, I enrolled in the online University of Phoenix and was very surprised when I was told to read and learn about strange things, such as a textbook on how to be “politically correct.” Being a history lover with hundreds of history books under my belt, I remember quite well when I started feeling dismay for American society.

My daughter, who was born in the year 2000, went to an American school in Santo Domingo for her entire K-12 education. I saw how the “common core” education, introduced by Barack Obama for all American students in 2009, reminded me of books like “1984” and “Animal Farm,” by George Orwell.

I remember several instances of attempts to indoctrinate her, but I will only mention two here: once she told me in sixth grade that she had seen a movie about Hitler; I asked her what class she was in when they showed the movie to her; she said it was in English class. So I told her about Hitler and why it was a historical topic with nothing to do with the English language; I asked her if she agreed; she said, “Yes, you’re right,” feeling confused about the reason for seeing the movie; so I explained to her what indoctrination was and how the Obama administration was doing it with her generation.

The second was in her senior year in high school, when a teacher asked the entire class to raise their hands regarding their agreement with issues like abortion, prostitution, Etc… When she was the only one to answer against two of the “politically correct” answers, the teacher literally berated her in front of the entire class. She called me in tears. Just by coincidence, two weeks later was the day for us to have appointments with teachers, during a visit all parents would make to the school. So two weeks later I, asked the teacher about it, alone in his classroom with my wife. I minced no words, including about his job security, and the guy got scared. When we left she laughed and told me his hands had been trembling.

The present is a difficult time for the USA. It’s the result of a very expensive campaign by members of the World Economic Forum, an elite group of European and American economic, political and academic elites, founded by Klaus Shwab in 1973. They have been meeting and talking for decades; people who literally don’t know what to do with all the money they have. Just imagine!

On November 5, 2024, the USA came very close to destroying itself. I was in Florida and breathed very deeply when the end of the American experiment didn’t come. But it was too close for comfort. I had given more money than I should have to the Republican Party, but what the heck! It felt good, and maybe, just maybe, it made a difference. We are fighting on the same side!

Please receive my best regards Addison; from your fellow American, ~ Guillermo Garcia

Regards,


Addison Wiggin,
Grey Swan

P.S.  For the record, Guillermo’s response is the exact kind of thoughtful, experience-based reply we relish. This year, as we develop the fraternity, we expect to deploy a community chat feature to the Grey Swan website.

If you’re in favor of a member-driven community app, say “aye” and send your own comments on the top Grey Swan events of 2025 here: addison@greyswanfraternity.com.


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
Waiting for Jerome

December 9, 2025 • Addison Wiggin

Here we sit — investors, analysts, retirees, accountants, even a few masochistic economists — gathered beneath the leafless monetary tree, rehearsing our lines as we wait for Jerome Powell to step onstage and tell us what the future means.

Spoiler: he can’t. But that does not stop us from waiting.

Tomorrow, he is expected to deliver the December rate cut. Polymarket odds sit at 96% for a dainty 25-point cut.

Trump, Navarro and Lutnick pine for 50 points.

And somewhere in the wings smiles Kevin Hassett — at 74% odds this morning,  the presumed Powell successor — watching the last few snowflakes fall before his cue arrives.

Waiting for Jerome
Deep Value Going Global in 2026

December 9, 2025 • Addison Wiggin

With U.S. stocks trading at about 24 times forward earnings, plans for capital growth have to go off without a hitch. Given the billions of dollars in commitments by AI companies, financing to the hilt on debt, the most realistic outcome is a hitch.

On a valuation basis, global markets will likely show better returns than U.S. stocks in 2026.

America leads the world in innovation. A U.S. tech stock will naturally fetch a higher price than, say, a German brewery. But value matters, too.

Deep Value Going Global in 2026
Pablo Hill: An Unmistakable Pattern in Copper

December 8, 2025 • Addison Wiggin

As copper flowed into the United States, LME inventories thinned and backwardation steepened. Higher U.S. pricing, tariff protection, and lower political risk made American warehouses the most attractive destination for metal. Each new shipment strengthened the spread.

The arbitrage, once triggered, became self-reinforcing. Traders were not participating in theory; they were responding to the physical incentives in front of them.

The United States had quietly become the marginal buyer of the world’s most important industrial metal. China, long the gravitational center of global copper demand, found itself on the outside.

Pablo Hill: An Unmistakable Pattern in Copper