| Ripple Effect — May 22, 2025
The GOP’s “Big, Beautiful,” tax bill passed with a single-vote majority in the House. It now goes to the Senate, and, presumably, the President’s desk.
The bill, once law, will add about $5 trillion to the national debt, taking us over $40 trillion – and dangerously close to a 130% debt-to-GDP ratio.
How did we get here?  It’s pretty simple how we got here: One vote at a time. While Congress has never won a popularity contest, in each district, your member of Congress has.
And over time, voters, many of whom end up paying no net taxes, get to weigh in on the government’s spending priorities.
The fact that the GOP couldn’t even codify the tens of billions in potential savings from DOGE, and had to increase the state and local tax (SALT) carveout, is a sign that the can is getting kicked down the road, even if that road ends with the country going over a cliff.
~ Addison |  Under the guidance of Elon Musk, President Trump’s administration plans to funnel billions of dollars into one specific AI company that Elon Musk has partnered with on his newest invention. On the surface, this investment looks like the next step in Trump’s goal to make the U.S. the AI capital of the world. But dig a little deeper, and the consequences of this investment could be much, much greater than that. This company has the power to send the current AI king on a swift and ruthless 50% crash - starting as soon as June 1st, bankrupting Americans who don’t see it coming. But those who do could stand to realize historic gains over the next 12 months as Elon’s partner company potentially ignites a record-breaking rally. Click here for the full story. | P.S. Bitcoin topped $111,000 in trading ahead of the vote. Gold is also holding up well. Both have a role to play as the current global monetary system breaks down. We still see the strong possibility for gold prices to soar. And bitcoin may just be setting up for a massive move higher. Stay in these assets as America’s debt bubble goes into overdrive.
As always, your reader feedback is welcome: feedback@greyswanfraternity.com (We read all emails. Thanks in advance for your contribution.)
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. 
(Or… simply pre-order Empire of Debt: We Came, We Saw, We Borrowed, now available at Amazon and Barnes & Noble or if you prefer one of these sites: Bookshop.org, Books-A-Million or Target.)
Please send your comments, reactions, opprobrium, vitriol and praise to: feedback@greyswanfraternity.com |
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