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

  • Free Access
  • Contributors
  • Membership Levels
  • Grey Swan Forecasts
  • 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

Regulatory Monstrosity

Loading ...Lau Vegys

January 18, 2025 • 1 minute, 47 second read


Government Spendingregulation

Regulatory Monstrosity

~~ Lau Vegys, Doug Casey’s Crisis Investing

The federal government is out of control.

If you’ve been with us for a while, that’s not exactly news to you. But if you ever needed a visual to show someone who doesn’t get it, here’s one. Take a look at this week’s chart below—it shows the relentless growth of federal regulations over the past 70+ years.

This monstrosity has ballooned from under 10,000 pages in 1950 to a staggering 190,260 pages by 2023. That’s thousands upon thousands of pages of rules, dictates, and mandates, crafted by unelected bureaucrats, cramming their tentacles into every nook and cranny of American life and business.

And the costs are staggering. According to a report by the Competitive Enterprise Institute, federal regulations cost the U.S. economy $2.1 trillion per year. That’s an invisible tax of about $15,000 per household. And guess who shoulders this burden? That’s right—the American consumer, worker, and entrepreneur.

Now, if you remember, $2 trillion also happens to be the amount needed to balance the budget today—and it’s the same figure Musk himself claimed he could cut from federal spending through his DOGE initiative (the Department of Government Efficiency).

Of course, as I mentioned in a piece last month, DOGE isn’t an actual government department. It’s just a Federal Advisory Committee with no real power to act directly (except to provide recommendations and advice to the President and federal agencies).

So, as much as I’d love to see a smaller government, a reduced deficit, and a less expensive foreign policy (all desperately needed given the state of U.S. finances), I’m not holding my breath for DOGE to deliver these changes.

Still, whether it succeeds or not, the goal is undeniably noble.

Because this regulatory explosion you see above isn’t just about the economic toll. It’s about lost freedoms, crushed innovation, and the constant distortions it forces on the market. Every new page added to this monster is another blow to liberty, another barrier for hard-working Americans, and another chain on the invisible hand.

Have a great rest of the weekend!

Lau Vegys


David v. Goliath in Davos

February 6, 2026 • Addison Wiggin

The most important moment in finance this week didn’t happen in a committee room or on cable television. It took place over coffee last week in Davos.

Brian Armstrong, the founder and CEO of Coinbase, was mid-conversation with former U.K. Prime Minister Tony Blair when Jamie Dimon stepped in, pointed a finger, and said, “You are full of s—.”

Dimon wasn’t debating crypto theory. He was defending deposits.

Armstrong had spent the week accusing large banks of leaning on lawmakers to kneecap digital-asset legislation that threatens their core franchise. Dimon, whose firm sits atop the U.S. deposit pile, heard enough. According to people familiar with the exchange, he told Armstrong to stop lying on television.

David v. Goliath in Davos
Bitcoin Gets Taken to the Woodshed

February 6, 2026 • Addison Wiggin

Bitcoin is now selling off at a pace last seen at bear-market bottoms in 2018 and 2022.

Our trading channel was buzzing yesterday. Traders are actively seeking the bottom and trying to plot a way back in!

Indeed, bitcoin is rebounding and back up to $68,000 in today’s trading. Nail-biting stuff.

Bitcoin Gets Taken to the Woodshed
The Trump Great Reset Enters Its 2026 Endgame

February 5, 2026 • Addison Wiggin

As we’ve tracked since April 2, 2025,  the early phase of the reset burned hot. Institutions weakened. Assumptions cracked.

This week supplied fresh evidence. Software buckled under pressure from artificial intelligence. Metals convulsed under leverage.

What follows looks colder and more deliberate. The metaphor shifts from bonfire to board game. The game isn’t chess. It’s Risk. Territory matters. Chokepoints matter. Supply lines matter.

Winning depends less on elegance and more on control.

The Trump Great Reset Enters Its 2026 Endgame
Crypto’s $2 Trillion Wipeout

February 5, 2026 • Addison Wiggin

Since peaking in early October, the market cap of all cryptocurrencies has slid from a $4.3 trillion peak to about $2.3 trillion today.

Crypto’s $2 Trillion Wipeout