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Beneath the Surface

You’ll Want to Mark “This” Date Down

Loading ...Addison Wiggin

December 5, 2024 • 3 minute, 21 second read


debt crisisgreat taking

You’ll Want to Mark “This” Date Down

“We do not have a debt crisis right now, but we see it coming. We know it’s irrefutably happening.”

–Paul Ryan

 

December 5, 2024 — It really comes down to one date… and one chart. The turning point in our nation’s monetary history.

Listen, we’ve just released our latest research.

While I’m working on a longer piece about the fall of the government in France and the brief stint of martial law declared in South Korea, both occurring this week, it occurs to me that a particular date will stand out in our minds as a turning point in the nation’s history… and we severely retard our ability to avert a crisis in the future.

I’ll let the presentation do the heavy lifting. But please take a look. What you’re about to learn will be hard for most Americans to hear. Maybe not you, but most… during a crisis, there are those who are prepared and those who get left behind.

The chart is one Washington and Wall Street have gone (and continue to go) to great lengths to suppress.

After all, it makes politicians and bankers look bad, the Federal Reserve Bank looks like a failure, and the current stock market boom is eerily similar to the 1999 runup in tech stocks before investors got creamed.

The event happened on Biden’s watch. And will go down with ignominy in the annals of United States history.

At the time, news outlets around the world should have covered the story.

But it came and went, with little fanfare…

The best way to explain what happened is with a picture of what I believe is the most important— and frightening— chart in economic history.

Turn Your Images On

To me, this obscure little chart explains practically everything going on in the economy right now. Including…

  • Why the wealth gap is getting wider — with the one percenters growing ever richer and ever more powerful, while the rest of America struggles to get ahead…
  • Why we saw 3 of the 5 biggest bank failures of all time in 2023. Failures that were even bigger than 2008! And why 63 banks are currently on the brink of failure today (yet the press and the power elite are downplaying this)…
  • And why corporate, private and public debt have now ALL reached never-before-seen heights.

Most importantly, and frighteningly, it explains a looming event that could soon devastate the U.S. economy. We expect to see the first rumblings in early 2025. From there, it’s only a question of how far a deeper crisis can be delayed, if at all.

In early 2023, when the second, third, and fourth-largest bank failures in U.S. history occurred, the Federal Reserve and Wall Street were able to create a firewall that stopped a full-blown meltdown of the financial system akin to the 2007-2008 crisis.

Next time, we may not be so lucky. Especially since over $3 trillion has been added to the national debt since then.

I urge you to watch our “controversial” new video outlining our latest research, and send it to everyone you know, before the Powers That Be wipe it from the internet.

CONTINUED BELOW…

The No. 1 Threat to the U.S. Economy Right Now

Turn On Your Images.

The rogue economist and New York Times bestselling financial author who has worked side-by-side figures like Warren Buffett, Alan Greenspan, Ron Paul, Jim Rickards, and Steve Forbes now warns:

“A stock market crash, inflation and recession — are the least of our worries. There’s a $36 trillion bombshell buried in the economy that carries the power to destroy not just the dollar, but the entire U.S. financial system.”

Full details are here…

CONTINUED…

Warn them of the shocking event to come, and move quickly now to protect your assets and your loved ones.

Regards,


Addison Wiggin,
Grey Swan

P.S. After you review the presentation, which we’ve dubbed the Great Taking, you’ll have an opportunity to join or renew your membership to the Grey Swan Fraternity.

Also, please keep letting me know what you think, right here: addison@greyswanfraternity.com.


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
Jensen Huang’s Double Exhale

November 20, 2025 • Addison Wiggin

“What if you held a bond auction and nobody showed up?” That’s the perennial question plaguing a Treasury Secretary.

Yesterday’s $16 billion auction of 20-year Treasurys didn’t go as well as Bessent would have liked.

High yield: 4.706%

Bid-to-cover: 2.41 (below the 10-auction average of 2.71)

Demand is softening at the exact moment the government needs to roll over debt at record levels.

Jensen Huang’s Double Exhale
The Carry Trade Meltdown

November 20, 2025 • Addison Wiggin

With Japanese yields soaring, the returns on the carry trade are lower. Carry trades are likely getting unwound, pushing Japanese bond yields even higher.

The unwinding of the carry trade also helps explain why many individual stocks listed on the New York Stock Exchange have crashed by 40-50% from their recent highs. Investors are selling the target assets of the trade in order to pay back their yen-based loans before their profits get squeezed.

The Carry Trade Meltdown
Coinbase Wants to Dominate the Internet Capital Markets

November 19, 2025 • Ian King

On November 10, Coinbase announced a new platform that lets users buy crypto tokens before they list on the exchange.

The company calls it: “a more sustainable and transparent way for projects to distribute tokens.”

In other words, we’re moving into ICO 2.0. But this time there will be more rules.

Coinbase Wants to Dominate the Internet Capital Markets