Naturally, the ECB insists the digital euro isn’t here to banish cash—fear not, you can still hoard your coins and paper bills. And don’t worry, it’s all perfectly “safe”: holding limits and fancy safeguards are in place to stop anyone from actually moving big piles of money out of commercial banks. Stability guaranteed… or so they say.

https://cryptonews.com/news/eu-digital-euro-offline-digital-euro-payments/

In a nutshell, while Europeans were feasting, the ECB and Council quietly greenlit the digital euro’s “offline privacy mode” and set the stage for a 2029 rollout of its CBDC.

While Wall Street diligently rehearsed its favorite bedtime story about “vanquished inflation”—right on cue with Donald Copperfield’s mid-term spin—the New York Fed governor quietly let the mask slip, admitting what anyone fluent in ‘CPLie’-speak already knew: the November numbers were pure statistical fiction.

https://www.cnbc.com/2025/12/19/ny-fed-president-williams-says-some-technical-factors-distorted-novembers-cpi-reading-downward.html

Everyone with even a passing acquaintance with finance knows government numbers are about as trustworthy as a politician’s forecast—yet they remain the sacred inputs for monetary policy.

Despite openly admitting the data may be flawed, Williams still voted for a December rate cut, while reassuring us there’s no “urgent need” to keep easing.

In other words, monetary authorities are flying blind, proudly steering an economy they can’t properly measure, juggling a softening labor market against inflation figures they quietly concede might be wrong. The perfect recipe for the upcoming inflationary bust which will be remembered as the ‘Trump Stagflation’

Your trust, engagement, and intellectual curiosity are what make The Macro Butler more than just another macro voice in a world saturated with noise and narratives. Whether you’ve been with us since the early days or joined along the way, your support has allowed us to have candid conversations, challenge consensus thinking, and focus relentlessly on what truly matters: capital preservation, opportunity, and independence.

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Listen to The Month That It Was in December 2025 from The Macro Butler.

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https://themacrobutler.substack.com/p/the-month-that-it-was-december-2025

The clock is ticking. In just two days, the limited-time discount for The Macro Butler Academy comes to an end. This is your final opportunity to lock in privileged access to a framework designed to help you understand cycles, cut through narratives, and position capital intelligently in an increasingly unstable world.

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🎉 That’s a wrap for the Jubilee Year! 🌍

The Macro Butler had the privilege of hosting incredible conversations with brilliant minds from around the world.

The guest list is far too long to name (and we wouldn’t want to miss anyone!), but a huge thank you to everyone who invited us.

https://themacrobutler.substack.com/p/interview-2025