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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.


Silver’s Parabolic Move

January 26, 2026 • Addison Wiggin

Silver is now up 54% year-to, err, month-to-date. And up over 280% since the start of 2025.

While we don’t know how much further upside is left, prior parabolic moves like these tend to lead to big pullbacks when they end.

“If you’re tempted to take a screenshot of your portfolio, it’s a good idea to take some profits while you’re doing that,” suggests our Portfolio Director, Andrew Packer.

We’d do so to grab some of those silver profits, simply because even though we started dollar-cost-averaging (DCA) into gold and silver in 2018 – silver was $16.47 – no assets can go parabolic, like silver has, indefinitely.

Silver’s Parabolic Move
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