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Beneath the Surface

Washington’s Last Scandal Exposed

Loading ...Addison Wiggin

February 28, 2025 • 3 minute, 2 second read


Congressional trading

Washington’s Last Scandal Exposed

“You can’t get rich in politics unless you’re a crook.”

– Harry Truman


 

February 28, 2025— Chris Josephs didn’t set out to expose one of the most lucrative investment strategies in America. He just wanted to make money. And, as it turns out, the best traders in the country aren’t sitting on Wall Street — they’re walking the halls of Congress.

Josephs, 29, co-founded an app that allows users to track the stock trades of U.S. lawmakers. He was recently on Tucker Carlson’s podcast, detailing how he arrived at his “if you can’t beat ‘em, join ‘em” approach: Instead of lamenting the legalized corruption of congressional stock trading, he decided to profit from it.

According to Josephs, Nancy Pelosi alone has outperformed the S&P 500 by 50% since 2021. If that sounds outrageous, consider this: The lawmakers who write and regulate the rules of our economy are somehow, miraculously, also its most consistently successful investors.

Pelosi, for her part, has been quite clear. “It’s a free market,” she says. But that definition of “free” seems to apply exclusively to her stock portfolio — not, say, to the businesses subject to the regulations she helps craft. Because when Congress controls the money spigot, principles of fiscal restraint have a funny way of vanishing.

Tucker Carlson pointed out something even more fundamental: The money Congress throws around doesn’t come from some magical, self-replenishing pot. It comes from taxpayers. Or, failing that, from debt — piled high and financed by tomorrow’s taxpayers. So when members of Congress personally profit from deciding where those dollars go, the idea that they’re objective legislators goes right out the window.

Let’s not sugarcoat it. This is corruption. And if Congress were truly interested in stopping it, they could pass a law requiring all lawmakers to move their assets into blind trusts or limit their holdings to index funds and U.S. bonds. But don’t hold your breath.

The odds of meaningful reform are about the same as the odds of Congress imposing term limits on itself. Or the full, unredacted Jeffrey Epstein files being made public. In other words, it’s not happening.

So, what’s the takeaway? You could shake your fist at the system. Or, like Josephs, you could recognize reality and use it to your advantage.

The Nancy Pelosi Stock Tracker isn’t just about watching corruption unfold in real-time. It’s about identifying where the big money is flowing, which industries Congress is quietly betting on, and which companies are about to benefit. If you’re an investor, that’s information you can’t afford to ignore.


Addison Wiggin,
Grey Swan

P.S. To benefit yourself, what you need is an accurate source of information Congress is trading on. It’s going to be even more important as Musk and DOGE continue to romp around the deep state.

We’ve got a man with his finger on the pulse of Washington scuttlebutt.

The Wall Street Journal says Andrew Zatlin is “knocking it out of the park,” and Bloomberg has ranked his forecasting as #1 in their terminal many times over.

The Washington Post said during the Biden administration, Zatlin’s forecasts predicted economic data more accurately than the government’s own institutions…

Anticipating President Trump’s State of the Union address on March 4, 2025, Zatlin has identified three stocks he believes will directly benefit from the information flowing around the Capitol’s marbled halls.

Yesterday, we previewed Zatlin’s proprietary political trading tracker. If you missed it, we arranged for a replay, right here.

Please send your comments to addison@greyswanfraternity.com. Thank you in advance.


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