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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.


Stay the Course on Bitcoin

November 21, 2025 • Ian King

The narrative for BTC and other cryptocurrencies is that every government around the world has high debt-to-GDP ratios. It means they are going to print more currency. It means there is a need for alternative currency. In the past, this alternative currency was gold.

Gold is not very portable. It’s a good store of value. It’s not as great of a store of value as BTC in terms of actually storing it. BTC, you can store it on a hard drive or at Coinbase. Gold, if you have bars you have to keep them in a bank or you have to dig a hole in your backyard. And you can’t send gold around the world as easily as you can send BTC.

I still think this rally has legs. If you go back to where the breakout happened, we were really in November of 2024 that was the beginning of this bull market in my mind because that was the first time we hit an all-time high in a couple years. Then we rallied. We pulled back. We tested that level again.

The uptrend, in my mind and with what I’m seeing, is still intact. We’re just in an oversold condition right now.

Stay the Course on Bitcoin
A $900 Billion Whiplash

November 21, 2025 • Addison Wiggin

Nvidia’s $900 billion round-trip this week wasn’t about some revelation in Jensen Huang’s chip factory. The business is firing on all cylinders – and may yet be one more reason for the market to soar higher into 2026.

The culprit was the macro — one gust of wind from the labor market and trillions in valuation shifted like sand dunes.

Nvidia’s earnings lifted the market at the open, but the jobs report’s undertow snapped sentiment like a dry twig. As we pointed out this morning, the S&P notched its biggest intraday reversal since April.

The first half of the move was classic Wall Street choreography: blowout earnings, analysts breathless with adjectives, and every fund manager terrified of underweighting the patron saint of AI.

A $900 Billion Whiplash
About Yesterday’s Slump

November 21, 2025 • Addison Wiggin

In April, following the “Liberation Day” low, the indexes took off in the morning only to crash later in the day. The first and only other time in history we have seen a strong bullish opening followed by a sharp bearish close was during the 2020 recovery from the Covid shock.

In both cases, the markets were rebounding from exogenous shocks.

That’s not where we are today. The index-level charts may look composed, but underneath plenty of individual stocks are trading as if they’ve already slipped into a private bear market of their own.

We’ll see how the day unfolds. It’s options-expiration Friday — the monthly opex ritual when traders roll positions forward, unwind old bets, and generally yank prices around like terriers with a chew toy.

About Yesterday’s Slump
The Internet Just Got Its Own Money

November 20, 2025 • Ian King

Every major tech shift has followed a similar pattern. As information moves faster, the money follows.

The telegraph made news global and opened up a world of investment opportunities. Radio, and then television, ignited a new wave of prosperity for investors. And the internet made communication instant, creating fortunes for those who saw what was coming.

Now standards like x402 are doing the same for AI and digital payments, potentially putting Jamie Dimon’s empire in jeopardy.

If you have Coinbase building the payment rails, Circle handling settlement and projects like Worldcoin and Particle Network solving for identity and wallets — do you really need a bank to validate transactions and keep track of who owns what?

All of these companies are helping to build a new layer of fintech infrastructure. And they’re all working toward an economy that runs continuously, without the need for corporate scaffolding.

The Internet Just Got Its Own Money