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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.


Marin Katusa: Silver Miner Q4 Earnings Will Set Records

January 16, 2026 • Addison Wiggin

Mining stocks amplify everything. First Majestic went from losing money to 45% margins without building anything new. They just held the line on costs while silver did the heavy lifting.

That cuts both ways. If silver drops hard, margins compress just as fast. Same leverage, opposite direction.

The miners with the lowest costs and cleanest balance sheets will hold up best in a pullback and capture the most upside if the deficit keeps grinding.

Marin Katusa: Silver Miner Q4 Earnings Will Set Records
“Dispersion Rising”

January 16, 2026 • Addison Wiggin

Economists at Goldman Sachs said this morning they expect core inflation to finish the year around 2% even while GDP rises at a “surprisingly strong” 2.5% clip.

In our view, their inflation forecast is optimistic. Their GDP call? Modest.

The last time we pumped this much liquidity into the system — 2020 through 2022—the result was a manic asset bubble, runaway inflation, and an epic hangover at the Fed.

Goldman’s optimism has triggered a fresh round of bullish bets: cyclical stocks are rallying, “dispersion” in the S&P 500 is spiking, and the Fed is expected to cut interest rates twice before Jerome Powell gets kicked out of Washington at the end of his term on May 15.

“Dispersion Rising”
The Boom Behind the Data

January 16, 2026 • Addison Wiggin

Anecdotally, we’re hearing stories of warehouses full of GPUs sitting unused for lack of energy to power them. It’s a natural feature of the heavy capital investment in new machines. The grid has to catch up!

While Trump’s great reset rolls on in 2026, keep an eye on modular nuclear reactors and increased demand for uranium, natural gas and related resources.

The Boom Behind the Data
The Economics of Precious Metals Stocks Today

January 15, 2026 • Shad Marquitz

These PM producers are literally printing the most ‘hard money’ that they ever have at these metals prices and record margins here at the midway point in Q4.

If there ever was a time for this sector to get overheated and frothy, this would be it… only that isn’t what we’ve seen playing out.

PM producers are still insanely profitable at even at current metals prices and should be far more valuable based on their margins, revenue generating potential, and their resources still in the ground.

The Economics of Precious Metals Stocks Today