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

© 2026 Grey Swan Investment Fraternity

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

Prank-O-Rama

Loading ...Addison Wiggin

January 6, 2025 • 4 minute, 42 second read


Bidenpardons

Prank-O-Rama

“They found a cure for gluttony. Now do narcissism.” — Peachy Keenan

James Howard Kunstler

Poor “Joe Biden” can’t help himself as the sun sets on his ignominious career. He ordered the American flag to fly at half-staff into January 20, inauguration day, to signal grief and distress at Donald Trump’s swearing-in — not realizing, apparently, that Mr. Trump’s first act in office will be to order the flag raised back up, signaling symbolically the end to America’s grief and distress under “Joe Biden.”

You might wonder: what other sort of vicious mischief the Party of Chaos has in store in the final ramp-up to a momentous change of government? Well, no sooner had ol’ “JB” draped the Wegovy-slenderized neck of Hillary Clinton with the Presidential Medal of Freedom, than Bill Clinton went on ABC’s The View to declare he was “open to talking with [‘President Biden’]” about a preemptive pardon for Hillary.

Say, whu. . . ? What crimes did Bill have in mind that such a pardon might avail? Skolkovo? Uranium One? The Clinton Foundation’s sketchy activities in Haiti after the earthquake there? Bill preemptively mentioned the old emails bidness as a ruse. Nothing to see there, folks, he protested. (Just don’t look anywhere else!)

You must imagine that the incoming Solicitor General, John Sauer’s, first act in office will be to ask SCOTUS for a ruling on the legitimacy of preemptive pardons — blanket pardons for crimes alive perhaps in guilty consciences but nowhere extant as yet in the legal system. The justices might detect a certain logical incoherence in that proposition. “Joe Biden” should have just draped wreaths of garlic around the necks of Mrs. Clinton, Liz Cheney, and Alex Soros (standing in for ol’ George).

 

Judge Juan Merchan did not get a medal. He’s warming up for his January 10 stunt of sentencing Mr. Trump for the “felony” of recording a payment to lawyer Michael Cohen as a “legal expense” (times thirty-four) so Democrats can holler “nyah nyah, felon!” as Mr. Trump re-enters the Oval Office. Judge Merchan himself has racked-up an impressive list of federal offenses around deprivation of Mr. Trump’s civil and due-process rights as well as judicial misconduct, obstruction of justice, and abuse of power. Justice may await the judge.

Today, January 6, of course, is electoral vote certification day in a joint session of Congress. Rep. Jamie Raskin (D-MD) has been making noises about contesting certification on the grounds that Mr. Trump is an “insurrectionist” under the disqualification clause in Section 3 of the 14th Amendment. Don’t be surprised if Jamie makes a show of it to justify all his loose talk, but it will only be a performance. He might as well bring a chicken into the chamber and bite its head off.

The shadowy claque behind “Joe Biden” has been super-busy cooking up documents for the demented old bird to sign before leaving office, anything that supposedly might discommode the incoming Mr. Trump. “JB” is like a bandit fleeing the scene of a crime, throwing his stolen booty into the road off the back of his truck to trip up the police closing in. Close down offshore oil drilling off the Atlantic and Pacific coasts for evermore. . . ban gas-powered water heaters. . . any old thing to make life more uncomfortable for the people of this land. The shadowy claque seems oblivious to the fact that the people won’t appreciate these pranks, that they just give more reasons for them to drive a wooden stake through the heart of the Democratic Party — as if it even had one.

Prank-of-the-week, though, goes to Tony Blinken’s State Department. No sooner had Congress defunded his agency’s Global Engagement Center (GEC) — that is, its censorship coordination hub — than the muppets at State redistributed GEC’s personnel to other corners of the agency and scared up new funding for their censorship activities from some dark hidey-hole of sequestered money. Do they suppose no one will find out where these employees went? All that’s necessary is to look up who was on the GEC’s payroll in 2024, and earlier in the hub’s heyday, and see if they remain on the State Department’s payroll now — and then fire the whole lot of them for cause: abrogating Americans’ First Amendment rights. Buh-bye. . . .

You are not out-of-order worrying, of course, that the political Left and the deep state blob behind them might look, in desperation, for other ways to prevent Donald Trump from getting sworn in. There’s the president-elect’s rally in DC the night before the inauguration. Not a few MAGAs are wondering if that’s really a good idea. And the recent garish drone swarms around the USA have put folks ill at ease about a swearing-in on the west front of the US Capitol, out in the open air. I’d even be a little concerned about the mechanicals of Mr. Trump’s airplane as he flies north from Mar-a-Lago to the big event in Washington.

Nobody will be surprised if “Joe Biden” does not show up on the dais at the Capitol that fateful day. He at least has one final snub left for Mr. Trump as “JB” departs office with the pardon he will preemptively lay on himself in the wee hours of January 19 — in case anyone might inquire into all those shadow companies that First Son Hunter was running over the years to receive money from China, Ukraine, Russia, Romania, and Gawd knows who else, to be redistributed (i.e., laundered) through the innumerable bank accounts of Biden family members. There is that to consider.


Consensus Is a Dangerous Drug

January 23, 2026 • Addison Wiggin

We’ve entered a new territory on Wall Street: for the first time in recorded history, zero strategists are predicting a down year.

Not “most are bullish.”

Not “nearly all expect gains.”

Zero bearish calls for 2026.

Unanimity so complete it resembles a vote in a collapsing authoritarian state.

Consensus Is a Dangerous Drug
Japan’s Own Buyer of Last Resort… Sells

January 23, 2026 • Addison Wiggin

The Bank of Japan’s holdings of its own government’s bonds are now near a 10-year low.

The yen carry trade has been a constant in global finance for 3 decades. Currently, the unwind is throwing the Japanese government into a crisis of historic proportions.

Americans take note. Not only are Japanese bonds undermining the AI rally on Wall Street. The crisis is a cautionary tale for the U.S. efforts to finance its own historic debt load.

Japan’s Own Buyer of Last Resort… Sells
The Leverage Doctrine

January 22, 2026 • Addison Wiggin

The dollar’s share of global reserves is now roughly 40%, down from 60% in 2016. No other fiat currency filled the gap. Gold did.

That is the only fact you need to understand the long-term arc.

After the West demonstrated it could seize reserves, “safe” became a new word. Gold has no counterparty. It cannot be frozen with an executive order. It does not require permission to settle.

The Leverage Doctrine
Why America’s Debt Bubble Is Accelerating

January 22, 2026 • Addison Wiggin

The last time Uncle Sam had this much debt rolling over, interest rates were effectively zero percent. That allowed for a massive expansion of total debt, even as total interest payouts shrank.

Why America’s Debt Bubble Is Accelerating