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Daily Missive

The Pursuit of Chaos

Loading ...John Robb

April 10, 2025 • 4 minute, 42 second read


networkspolitical networksTrade war

The Pursuit of Chaos

 

April 10, 2025 — In one short year, the reborn red political network has:

  • taken over the Republican party,
  • neutralized the legacy media,
  • and thoroughly disrupted the blue political network that controls the Democratic party.

It’s proven it can wage an online political war and win, but now comes the hard part. Can it govern? Four years ago, the blue network faced the same situation. It put a candidate who mailed in his campaign into the White House and the red network was in tatters (particularly after Jan 6th).

However, a mere four years later, the blue network is shattered and out of power; a failure caused by flaws in how that network made decisions. Is the same fate in store for the red network and if so, what are these flaws?

Turn Your Images On

A Venn diagram of the two predominant political parties in the US doesn’t yield much crossover and even less in common.

We’re in the midst of trying to find a way to integrate networked decision-making into our system of societal governance.

  • The development of the printing press changed the way we think (at the neural level), and by extension, it changed the way we govern ourselves.
  • Over time, we developed three types of decision-making; bureaucratic (gov’t and corporate), market (financial, economic, and elections), and tribal (converted to nationalism); combining them into a functional, systemic whole. It was a turbulent process of trial, error, and disaster (the implosion of two failed systems, Communism and Fascism, in the 20th Century are a case in point).
  • Now, we’re adding networked decision making to the existing mix using two political networks (red and blue). Each network has their own way of making decisions and have the potential to become invaluable to how we make decisions, but they so new, they are filled with flaws and dangers. Don’t confuse this newness for weakness though. These networks have proven so powerful, it took less them than a decade to dominate our societal decision making system.

With this in mind, let’s dig into how we got to where we are today.

How Political Networks Evolve

The red and blue networks aren’t changing incrementally. They are undergoing a rapid process of evolution; birth, death, and rebirth (in a stronger configuration). The competition between them and the relative lack of friction in forming networked organizations, is driving this process forward at a torrential pace. Let’s use the evolution of the red network as an example:

  • Back in 2016, the red network was a decentralized open-source insurgency held together by a simple goal (put Trump, a weapon of mass disruption, in the White House).
  • Its extreme decentralization made the insurgency nearly impossible to suppress (the establishment tried) and its open source dynamic — Anyone could join in. Anyone could contribute. Successes were copied and amplified. — made it far more innovative than the establishment they were at war with.
  • This combination of strengths made it possible for the red network insurgency to take over the Republican party, overload the Democratic party, and place Trump in the White House in less than a year. However, that’s when things went sideways. Due to the way they work, open source insurgencies have a fatal flaw. They fall apart when they achieve their goal; in this case, when Trump won, the insurgency faded, leaving him to govern alone.

Four years of blue network rule later, a newly evolved red network emerged to put Trump into the White House and shatter the blue network.

  • The red network in 2024 wasn’t as decentralized as 2016’s open source insurgency because it didn’t need to be. Elon’s acquisition of X removed the blue network’s suppression (media, corporate, government, individuals) that made decentralization a requirement for survival in 2016.
  • Instead of millions of semi-anonymous individuals working to put Trump into the White House, the 2024 network was run by hundreds of big, powerful, and professional accounts (highly evolved digital ledgers with hundreds of millions of followers collectively) with a media presence many times that of the legacy media.
  • These accounts, acting as gatekeepers for innovation, amplifiers for online maneuvers, and the curators of narratives usable in governance. They anchored the network, providing it with a permanence and a cohesion it didn’t have in 2016. In this unevolved form, it didn’t have the capacity to persist after reaching its goal (win the White House).

The Collapse of the Blue Network

The blue network formed in 2017, to oppose Trump. At that point it was apparent to me (long before it became a journalistic cottage industry to complain about censorship, etc.) that the blue network’s decision-making processes were deeply flawed and that these flaws would drive it to seek increasing levels of centralization and control. Worse, my fear that this effort (particularly with AI on the doorstep) could rapidly overshoot the mark and plunge us into a stasis I named ‘The Long Night.”

—John Robb
Global Guerillas & Grey Swan

P.S. from Addison: As you might expect, the Grey Swan inbox has been active. And, well, animated. I’m happy to report Trump Derangement Syndrome (TDS) is alive and well. As are the folks who are critical of others who resist without providing productive alternatives. Oy!

For our part, we’ve been busy tending to the Grey Swan model portfolio and getting our April monthly bulletin in the hands of paid members. If ever there was a time for diligent updates… this would be it.

That said, the inbox continues to be a source of wonder and entertainment. Please share your ideas here: addison@greyswanfraternity.com. And thank you for your patience!


Dave Hebert: How Long Could That $1.8 Billion Powerball Jackpot Fund the Government?

September 16, 2025 • Addison Wiggin

Our fiscal reality is clearly unsustainable. With the passage of the “Big Beautiful” budget reconciliation bill, Congress has already given itself permission to grow the national debt to $41 trillion. Interest payments on the national debt are already the second-most-expensive item on the federal budget, behind only Social Security (and ahead of defense spending). As the national debt continues to grow, debt service will become our number one spending obligation. History suggests it’s only a matter of time until we hit that limit and, unless things change, once again raise the debt ceiling. This cannot continue indefinitely.

Dave Hebert: How Long Could That $1.8 Billion Powerball Jackpot Fund the Government?
When Trust Runs Thin, Markets… Rally?

September 16, 2025 • Addison Wiggin

Bloomberg’s September survey of economists found that the majority are “somewhat or extremely worried” that the Fed’s decisions will be influenced by political loyalties.

If that happens, borrowing costs for the U.S. government rise as risk premia creep into Treasury markets.

Public confidence is already threadbare.

In 2001, 74% of Americans trusted Alan Greenspan to do the right thing. In 2025, only 37% say the same of Jerome Powell. For the first time, trust in Trump to manage the economy is higher than trust in the Fed chair.

When Trust Runs Thin, Markets… Rally?
The Tech Meltup, Exhibit A

September 16, 2025 • Addison Wiggin

Overall, the S&P 500’s RSI hit 70, the low side of overbought territory — for the entire index.

“Fed rate cuts tomorrow are likely priced in,” writes portfolio director, Andrew Packer, “it may not trigger a selloff, but at these levels,  investors may be disappointed with a .25 cut.”

Tech investors will remain bullish on the prospect of multiple rate cuts over the next few meetings.

But be wary of any indication the Fed tries to rebuff Trump’s overtures and, God forbid, remain independent tomorrow.

The Tech Meltup, Exhibit A
Plowshares into Swords

September 15, 2025 • Bill Bonner

The empire is in decline. Demographics, regulatory tightening, fake money and the mis-allocation of trillions of dollars (much of it on pointless wars) have sapped the vitality of the economy. The Federal government gets bigger and bigger, but there is no longer enough output to pay for it.

The interest on the debt alone takes more more than a trillion dollars a year. The US faces a financial crisis. And for the first time in history, our children face a poorer future.

The welfare state model no longer works; the center — consensual democracy — wobbles towards the extremes. What to do? Beat our plowshares into swords?

Plowshares into Swords