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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.


The Grand Realignment Gets Personal

January 13, 2026 • Addison Wiggin

Sunday night, Powell addressed the probe head-on in a video post — a rarity. He accused the White House of using cost overruns in the Fed’s HQ renovation as a pretext for political interference.

The White House denied involvement. But few in Washington believed it.

What followed was bipartisan condemnation of the investigation. Greenspan, Bernanke, and Yellen co-signed a blistering rebuke, warning the U.S. was starting to resemble “emerging markets with weak institutions.”

The Grand Realignment Gets Personal
A Rising Sign of Consumer Stress

January 13, 2026 • Addison Wiggin

Estimates now indicate that the average consumer will default on a minimum payment at about a 15% rate – the highest level since a spike during the pandemic lockdown of the economy.

President Trump’s proposal over the weekend to cap credit card interest at 10% for a year won’t arrive in time to help consumers who are already missing minimum payments.

Not to fret, the other 85% of borrowers continue to spend on borrowed time. Total U.S. household debt, including mortgages, auto loans, student loans, and credit cards, reached record highs in late 2025, exceeding $18.5 trillion. This surge was driven partly by rising credit card balances, which neared their own all-time peaks due to inflation and higher interest rates.

A Rising Sign of Consumer Stress
Protest Season Amid the Grand Realignment

January 12, 2026 • Addison Wiggin

There’s an old Wall Street maxim: “Don’t fight the Fed.”

This year, you could add a Trump corollary.

A wise capital allocator doesn’t fight that storm. He doesn’t argue with it. He respects it the way sailors respect the sea: with preparation, with humility, and with a sharp eye for what breaks first.

In 2026, the things that break first are the stories. The narratives. The comfortable assumptions.

Protest Season Amid the Grand Realignment
Breaking: Government Budgets

January 12, 2026 • Addison Wiggin

Total municipal, state and federal debt service costs soared to nearly $1.5 trillion in the third quarter of 2025. Debt’s easy to accumulate when rates are low. Trouble is, you are obligated to refinance them even after rates go up.

It’s also a key reason why the Trump administration is demanding lower interest rates – even if it means reigniting inflation.

Breaking: Government Budgets