Footsoldiers of the Deep State

"If we are to have another contest in the near future of our national existence, I predict that the dividing line will not be Mason and Dixon's but between patriotism and intelligence on the one side and superstition, ambition and ignorance on the other.”

– Ulysses S. Grant

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Who are the government insiders interfering with 2024 election results?

Addison Wiggin,
Grey Swan

Reader,

March 3, 2025— The "Deep State" is so… 2016.

The real game today is being played by agents of AltGov — a faceless, hashtag-wielding syndicate of bureaucrats, activists, and political operatives who pose as defenders of democracy while working overtime to protect their own sinecures.

It’s a hashtag, a movement, a tantrum — spreading across Bluesky, the latest Twitter alternative, now that X has wholly entered Elon Musk’s orbit.

During Trump’s first term, AltGov existed as a whisper network of “resisters” inside the federal bureaucracy, slow-walking executive orders and leaking documents to friendly media.

But in 2025, as the Department of Government Efficiency (DOGE) begins to, um, barely trim the fat, AltGov has gone from shadowy obstruction to outright defiance — full V For Vendetta.

According to The Guardian, one AltGov spokesman insists the goal is to “expose harmful policies, defend public institutions, and equip citizens with tools to push back against authoritarianism.”

Sounds noble enough. But read between the lines:

Resisting isn’t about defending anything. It’s about keeping the checks flowing.

Who, exactly, is arguing for more debt, unchecked spending, and opaque finances?

Seriously. That’s a legit question.

AltGov isn’t made up of teachers or firefighters or the guy fixing potholes in your town.

No, these are career D.C. paper-pushers — the mid-level compliance officers, DEI coordinators, climate equity analysts, and thousand-dollar-a-day consultants who’ve built entire livelihoods around the idea that government should never shrink, never spend less, and certainly never be held accountable.

It’s not an ideology — it’s a racket. And they have to operate in anonymity.

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Like any nefarious group protecting its interests, AltGov operates in the shadows. It doesn’t stand behind podiums or campaign for office. It doesn’t argue its case in the media. Instead, it works through screen names and hashtags, whisper networks and selective leaks, waging a digital insurgency against any attempt to hold it accountable.

Think of them like old-school terrorists, the kind who wear black knit hoods to mask their faces and distort their voices in grainy VHS ransom tapes. Except these cretins hide behind usernames like @GovResistance99 and @Justice4Bureaucrats, launching tweet threads on why government workers shouldn’t have to justify their jobs at all.

While the world spent the weekend fixated on a disagreement between Trump and Zelensky in the Oval Office, Elon Musk sent out a second email — requiring federal employees to submit a five-bullet-point summary of what they’ve actually accomplished.

If they “comply” at all, AltGov’s loyalists need only submit their oath of office in bullet form. It doesn’t take much effort. Unless you simply don’t want to do it.

Anti-Musk demonstrations are popping up across the country, attempting to “humanize” the very government employees who are finally being asked to do their jobs or lose them.

Funny thing, though: AltGov isn’t interested in humanizing itself at all. It’s an electronic mob.

For all the sympathetic profiles of “dedicated public servants,” none of these protesters seem particularly eager to explain what they actually do all day.

Which raises another question: Who’s funding and organizing this street-level outrage?

Somebody is paying for the professionally printed signs, covering the travel costs, and making sure these “spontaneous” demonstrations have the right talking points, legal representation, and media attention.

Is it the unions, desperate to preserve federal jobs even if the work itself has dried up? Are they NGOs and activist groups dependent on taxpayer cash to keep their operations afloat? Is it George Soros, the oft target of the “right”? Or the same network of political dark money that has spent years trying to convict Donald Trump of something… anything?

Theories abound… maybe it’s all of the above. But chances are it’s ultimately paid for by we, the taxpayers.

Having wrung my hands over government spending, corruption, political lifers and government contractors,… asked a million times about the rising level of debt, “what could go wrong?” … I had given up thinking government waste would ever get discussed… let alone resisted.

A billion dollars trimmed here, another billion there — it might add up.

But if Musk’s shocking, bold and disruptive estimates reveal one thing, it’s the enormity of the challenge. “If” spending is reduced by $4 billion per day … that’s “if”... the U.S. annual deficit could shrink by $1 trillion by 2026.

Given a $2 trillion deficit, the inhuman and draconian cuts would still add another trillion dollars to the $36 trillion debt already on the books.

That debt still needs to be financed at more than $1 trillion a year in interest – a number now greater than our national defense spending.

While AltGov is fighting to keep the grift alive, the new Treasury Secretary, Scott Bessent, warns of a real threat. A fiscal cliff.

Bessent, on Face the Nation yesterday, calmly explained that he’s inherited a mess from outgoing secretary Janet Yellen. He's juggling a surging 10-year Treasury yield — now flirting with recession territory — while inflation plays a two-front war.

Supply-side shocks keep prices high, but demand-side stimulus won’t quit. And he has $28 trillion in 2-year Treasury debt to roll over.

Tariffs? A Band-Aid. A political bargaining chip.

Cutting regulations? A long, difficult game.

Bessent’s opening gambit: keep taxes low and the economy growing. But for his plan to work, Musk’s DOGE warriors need to be successful at cutting government spending.

Can Musk and Bessent outmaneuver a deficit-ridden government hooked on cheap money? That’s the political battle of our age.

The proof that the Bessent formula is working will first reveal itself in 10-year treasuries. If investors believe the U.S. government is on a sustainable path, yields on the 10-year note will go down.

If AltGov’s organized resistance prevails, 10-year yields will spike. Investors will demand a higher return for the risk of throwing their capital into government coffers.

It sounds absurd.

Around the Beltway, AltGov is arguing against reform, against disruption, for more political sleight of hand and more of its own self-interest.

They’re willing to burn down any effort — however reasonable, however necessary — to ensure that Washington never, ever runs out of other people’s money. Your money.

Addison Wiggin,
Grey Swan

P.S.: We’ve got a man on the inside ourselves. He’s trolling AltGov to find out who’s really calling the shots. And making waves doing it.

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.

Last week, we previewed Zatlin’s proprietary political trading tracker. If you missed it, we arranged for a replay, right here.

And after the SoTU address, we’ll have our own latest research on where to best profit as the MAGA movement kicks into high gear… more on that soon.

Please send your comments to addison@greyswanfraternity.com. Thank you in advance.

How did we get here? Find out in these riveting reads: Demise of the Dollar, Financial Reckoning Day, and Empire of Debt — all three books are now available in their third post-pandemic editions. You might enjoy one or all three.