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Daily Missive

The Great Sorting-Out Begins

Loading ...James Howard Kunstler

January 24, 2025 • 4 minute, 49 second read


BidenTrump

The Great Sorting-Out Begins

“The purpose of a pardon is to correct a miscarriage of justice, not to prevent future judicial action.” — Dr. Joseph Sansone

James Howard Kunstler

 

This, as they say, is one of those weeks when decades happen. You realize that under the fiends fronted by “Joe Biden,” the US government became a demon-driven machine for wrecking lives, perverting the law, and demolishing all scaffolds of decent behavior. And now, it all has to be fixed, cleaned up, fumigated, rectified, rehabilitated.

Scores of executive orders flew out of the Oval Office, rescinding four years of “Biden” regime lunacy in every direction: Censorship, dead. . . Gain of function research, killed. . . CBDCs banned. . . CBP-app for aiding illegal migrants, discontinued. . . border fortified. . . homicidal alien mutts deported. . . World Health Organization, no thanks. . . Paris Climate Accords, fuggeddabowdit. . . DEI, vacated through all of government. . . Green New Deal, scrapped. . . “pride” in mental illness, cancelled. . . Ukraine War, headed for the negotiating table. . . all in four days and so much more coming.

The DEI flimflam is particularly illustrative of the hazards still lurking. The DC blob is desperate to hide its chaos agents by switching their job titles and shuffling them around to hidey-holes in obscure precincts of this-or-that bureaucracy. Being federal employees, of course, they all have searchable names and payroll accounts, so you may be sure they’ll be discovered wherever they’re hiding-out and placed, as ordered, on “administrative leave.” Since DEI was essentially a program to promote incompetence, these employees represent a monumental cargo of dead-weight. So, the next task will be finding a way under the civil service codes to cashier them for good. For instance, reclassifying their job status to render them fire-able.

 

This is sure to be a major friction-point for the so-called “resistance,” the huge cadre of “activist” Wokesters embedded in the agencies. Cue the army of Democratic Party lawyers who will be filing suits to prevent the chief executive from coherently managing the departments of the executive branch. But there’s a catch: this time, the White House will not be funneling scads of money directly to the NGOs that pay for these blob-adjacent lawyers, nor will they be able to redirect money out of the DOJ, FBI, and CIA for that purpose. The president may also find a way to interrupt the flow of money from foundations financed by malign freelancers such as George Soros and Linked-in founder and billionaire Reid Hoffman (who financed the E. Jean Carroll “rape” trial hoax and many more Democratic Party pranks ).

Another friction point: release of the pardoned J-6 prisoners is being loudly opposed by DC District federal judges such as Tanya Chutkan and Amy Berman Jackson. They don’t enjoy any privilege or prerogative for voicing prejudicial opinions about vacated cases, nor for failing to comply with paperwork needed to discharge them. They can be impeached for that in the House of Representatives. Or, if they actively obstruct releases, the new-and-improved Department of Justice might consider 18 U.S.C. § 242 – Deprivation of rights under color of law.

Meanwhile, goons at the DC jail detained pardoned prisoners unlawfully this week after years of the grossest mistreatment, including solitary confinement in basement “holes” without beds, blankets, or water, and direct physical assault that could be described as “torture.” All of this was countenanced by DC Mayor Muriel Bowser, despite plentiful public reports of abuse over the past four years. That is, she knew all about it. This is an argument for finally rescinding Washington DC’s “home rule” status and placing the city and all its departments back under federal management.

Last night, Mr. Trump signed an order to declassify government files relating to the murders of the Kennedys and Martin Luther King. Of course, the intel agencies holding these files have had a half-century to expunge anything in the files that might reflect poorly on the intel agencies — such as, the long-trafficked rumor that the CIA was behind the killing of all three. Why would you expect to get anything like that? How could the remaining material be anything but a cover-your-ass file? Well, now we shall see. At some point in his first term, Mr. Trump allegedly saw what was in the files and demurred from his promise then to release them. Was it too shocking? Or was it the well-groomed nothingburger described above?

That’s not to say that there’s any shortage of weird, tantalizing documentation around all those cases, inexplicable doings. . . sketchy characters like Oswald, Jack Ruby, Howard Hunt, Clay Shaw, Sirhan Sirhan, Thane Eugene Cesar, James Earl Ray, “Raul” (Ray’s alleged “handler”), Frank Liberto, Loyd Jowers. . . . and curious circumstances like the so-called “magic bullet” that supposedly exited JFK and wounded Texas Governor Connolly, and was later found oddly intact on a stretcher in Parkland Hospital. I guess we’ll find out shortly.

Now, we await the confirmation of Mr. Trump’s cabinet. Pam Bondi’s USAG nomination was held up for a week by peevish freshman Senator Adam Schiff, after she called him out for being censured last year in the House for “reckless” statements — that is, she reminded the committee and the public that Mr. Schiff is a chronic liar. There are rumblings that he will be kicked off the Senate Judiciary Committee (maybe not such a good fit for someone incapable of telling the truth). The preemptive pardon he received last week from “Joe B” might be tested through the courts in the years just ahead. The Judiciary Committee announced that it will convene an inquiry into the whole J-6 fiasco. Do you sense that there is much to discover in that hairball of enigmatic events, hidden actions, concealed motives, and buried evidence?

All this (plus a lot I left out) and the first week isn’t even over yet!


A Republic: Es Lo Que Es

July 3, 2025 • Addison Wiggin

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