France’s pension deficit is on track to hit €15 billion by 2035 and double shortly after, but don’t worry — Paris has a plan: pretend everything’s fine until 2029, when the deficit will magically shrink to the EU’s arbitrary 3% cap. With public debt already at 5.8% of GDP and rising, the government’s “solution” is the usual: tax more, trim spending just enough to look busy, and hope no one notices that growth is being strangled. History suggests they won’t actually cut anything — just shuffle the bill from one pocket to another while the private sector pays the price.

France and much of the Western world are teetering on the edge of a fiscal cliff. Politicians, desperate to distract from a crumbling monetary system, toy with war as a convenient diversion—Macro-Leon aligning with Brussels to stoke conflict in Ukraine—while government debt goes unsold. Aging populations, plummeting birth rates, and the cost of integrating new arrivals only add to the fiscal strain. Robbing pension funds to cover expenses might seem like a “solution,” but it will erode confidence, spark civil unrest, and accelerate the EU’s financial unraveling.

Reform is overdue, but history shows governments delay until forced; in France’s case, the reckoning is inevitable—and looming.

The Macro Butler just dropped some glittery wisdom on Asharq Bloomberg TV Dubai, explaining why gold and silver will keep shining bright—at least until the next war drama hits the fan.

https://themacrobutler.substack.com/p/interview-with-asharq-bloomberg-tv-3d3

The UK is proudly lining up with France and Japan in the G7 Sovereign Debt Olympics, and its latest 30-year gilt sale just reminded everyone why. Demand hit the weakest since 2022 — even with a tiny £1.5B auction — as pension funds lose their appetite for locking in generational pain. The DMO calls this “smart issuance strategy,” markets call it “nice try,” and 30-year yields just keep screaming, courtesy of Rachel Reeves’ fiscal fairy tales.

In a nutshell, Britain just sold 30-year debt to a half-empty room, proving even pension funds won’t buy Rachel Reeves’ fiscal fairy tale.

After August’s “bounce like a caffeinated kangaroo,” September’s US flash PMI data limped back to reality — Services fell to 53.9, Manufacturing to 52.0 — still in expansion but clearly catching its breath. Companies are hiring less, demand is softening, and pricing power is fading faster than campaign promises, hinting at squeezed margins but cooler inflation. Inventory piles are growing like unwanted laundry, threatening future production if sales don’t pick up.

In a nutshell, US businesses are perking up, praying for rate cuts — but don’t expect a full-on dance party like pre-‘Liberation Day’ just yet.

The Macro Butler sat down again with Discourse With Christian ( Christian E. White) to dissect why social unrest is flaring worldwide — and how governments are busy inventing bogeymen to justify wars and tighten control.

All this comes as power shifts from the fading, Malthusian West to a resurgent mercantilist Asia, where the Russia-China-India axis is laying the groundwork for a new era of prosperity.

https://themacrobutler.substack.com/p/interview-with-discourse-with-christian-0f6

On the sidelines of the globalist circus in New York, the self-styled “Peace Maker-in-Chief”—better known as the “Warmonger-in-Chief” and puppet of the Malthusian deep state—seems to have greenlit World War III. In a tweet that flips his 2024 campaign stance on its head, Donald Copperfield criticized Moscow as a “paper tiger” and warned the Dancer on High Heels from Kyiv the war “looks like it’s not going to end anytime soon.” Reality check: Ukraine lacks the manpower, and a protracted conflict would require NATO boots—WWIII territory. Who 47 is listening to remains a mystery, but it’s clearly pure neocon noise.

Just as the ‘Tel Aviv’ Butcher’s misstep against Qatar united the Arab world—including Saudi Arabia—against it, Donald Copperfield has just handed a similar gift to Russia, China, North Korea, and India. By signalling support for a prolonged conflict, he’s effectively endorsed a broader confrontation. If he believes this will pressure Russia, he is gravely mistaken: Russian leaders see this not as a war with Ukraine, but a direct challenge to NATO—and now the United States.

https://news-pravda.com/world/2025/09/13/1682668.html

Ukraine should have been sliced and diced like the rest of the Balkans, neat little ethnic parcels. But no—decades of neocon daydreams have turned this into their wet dream: not just pushing Russia out of Ukraine, but gutting it entirely, looting its assets, and divvying the spoils among Europe’s power brokers. Who needs diplomacy when you have grand strategy and empire-building fantasies?

Nothing has changed. Bismarck warned in 1888 that Europe’s next major conflict would erupt in the Balkans—World War I proved him right. World War III has started in February 2022 in Ukraine and will lead to the inevitable decline of the western civilization.

While the “Manipulator-in-Chief” casually sowed the seeds of World War III on Truth Social, the U.S. Treasury quietly auctioned $69 billion in 2-year bonds at 3.571%—down from 3.641% last month and the lowest since September 2024’s growth scare. Oh, and it managed to through the 3.572% When-Issued by a mere 0.1 bps—smaller than last month’s 1.5 bps. Because nothing says calm markets like tiny technical victories while the world tweets itself toward chaos.

The bid-to-cover ratio fell to 2.513, down from 2.691 and the lowest since October 2024, well below the six-auction average of 2.605.

Auction internals were equally underwhelming. Indirect bidders took 57.8% of the issue—slightly up from 57.1% last month but below the recent average of 61.4%. Direct bidders again captured a near-record 30.8% (the highest was 34.4% in July), leaving dealers with 11.5%, the largest share since June.

Overall, the auction was entirely unremarkable, as some investors are finally realizing that the looming global conflict will push the U.S. sooner rather than later into an inflationary bust—proving that the once “risk-free” asset is no longer free of risk.

At dawn, The Macro Butler joined BFM 89.9 to dissect the latest musings from the “Central Banker-in-Chief,” give a quick health check on the US economy, and explain why, as trust in the Fed and Washington wanes, investors will keep chasing quality companies with pricing power—valuations be damned.

He also dropped some wisdom on ASEAN, arguing its future rides with Russia, China, and India—not the West—though the new Eurozone trade deal at least means cheaper French cheese and Italian wine for consumers.

https://themacrobutler.substack.com/p/interview-with-bfm-899-malaysia-24092025

Last week, the march toward a centrally controlled payment-and-identity grid crept forward under the radar: Visa quietly struck a seven-year pact with TECH5 to accelerate “Digital Public Infrastructure” — a phrase as harmless-sounding as it is authoritarian.



https://www.biometricupdate.com/202509/tech5-and-visa-to-integrate-biometrics-digital-wallets-and-payments-for-dpi

Visa’s new partnership with TECH5 fuses global payments with biometric surveillance—faces, fingerprints, and irises—all sold as “convenience.” Their integrated “identity wallets” promise frictionless access to services, but in reality, they create a centralized system where every credential and payment can be monitored, controlled, and exploited, with privacy protections trailing far behind.



https://reclaimthenet.org/visa-enters-the-digital-id-race

Let’s not mince words: merging biometric ID systems with Visa’s global payment network is a step toward a digital gulag, where dissenters risk being locked out of economic life. For anyone determined to remain financially independent and outside this tightening net, the case for holding physical gold has never been clearer.

Huge thanks to Geopolitics & Empire for hosting The Macro Butler — we went full throttle on Trump-Stagflation, global chaos, and the coming digital Big Brother.

Epic chat, zero sugarcoating.

https://themacrobutler.substack.com/p/interview-with-geopolitics-and-empire-4fd