So yes, keep filling out your KYC forms for crypto assets, smile for the selfie check, and call it “ownership.” Just don’t be surprised when your “sovereign stack” comes pre-tagged, pre-approved, and ready for blacklisting.

Real exit ramps aren’t built with government IDs. They’re built with discipline, off-grid, and backed by the one asset no bureaucrat can counterfeit: physical gold.

In a world starving for energy, it’s hardly shocking that while green zealots keep preaching their costly miracle cure, the only power source actually growing is nuclear. Global nuclear generation hit a record 2,817 TWh in 2024, driven mostly by non-OECD countries. China alone grew output 13%, pushing Asia Pacific’s share above 28%—a clear geopolitical shift. Meanwhile, the West prefers shutting plants and patting itself on the back for “progress.”

https://www.energyinst.org/statistical-review

Nuclear power remains a paradox: capable of generating vast amounts of low-carbon electricity, yet perpetually constrained by politics and public perception. In 2024, global nuclear output rose to 2,817 terawatt-hours—a modest increase from 2023 but enough to set a new record, surpassing the previous peak of 2021.

Nuclear power is staging a comeback—just not where Western policymakers like to brag about “green progress.” Global output has grown 2.6% a year over the past decade, driven almost entirely by non-OECD nations, while the West lets reactors age into retirement. Asia Pacific now supplies over 28% of nuclear power, thanks mostly to China, which nearly doubled output in ten years.

The U.S. finally managed a nuclear milestone in 2023–24 with the long-delayed startup of Vogtle Units 3 and 4 in Georgia—the first new reactors in over three decades. After years of cost overruns and delays, the 2,200 megawatts they add (enough to power a million homes) stand out as a rare case of genuine expansion in a country otherwise content with squeezing extra years out of aging plants. By contrast, Canada’s output has slipped from 106 TWh in 2016 to 85 TWh in 2024 amid refurbishments and shifting policies, while Mexico’s much smaller fleet continues its rollercoaster of year-to-year fluctuations.

The global nuclear landscape is splitting in two: countries investing heavily for energy security, and those phasing out.

The center of gravity is shifting from the West to nations willing to commit long-term capital and policy support.

For investors, the real growth opportunities lie in Asia, not Europe or North America. The political and environmental payoff is clearest in China

The Macro Butler yanks the plug on what investors can expect from the final Jackson Hole Symposium with our ‘Central Banker In Chief’ stealing the show, plus a cheeky guide to positioning portfolios for the looming Trump Stagflation circus!

https://themacrobutler.substack.com/p/interview-with-bfm-899-malaysia-20082025

While the “Manipulator-in-Chief” keeps busy undermining his own central bank, the July FOMC minutes read like a love letter to confusion. Rates “may not be far above neutral,” but officials can’t stop wringing their hands over inflation, tariffs, and asset bubbles they’ve clearly inflated themselves. Inflation? Terrifying. Tariffs? Delayed doom. Employment? Oh, maybe later. Meanwhile, elevated asset valuations somehow surprised only “several” participants (bless their hearts). And yes, they even managed to sneak in a stablecoin sermon—because nothing screams monetary stability like debating crypto while the house is on fire.

https://www.scribd.com/document/904119445/Fomc-Minutes-20250730#download&from_embed

FOMC members are warning about the risk of unanchored expectations while pointing to surveys and market-based measures that still look perfectly “anchored.” It’s the Fed’s classic doublespeak: acknowledge a phantom threat, remind everyone stability still holds, and then justify doing… nothing bold. If inflation expectations were truly slipping, you wouldn’t see this kind of hedging — you’d see panic. So no, it doesn’t look “unanchored”; it looks more like the Fed is covering its bases in case things unravel later.

In a nutshell, the Fed’s July minutes boil down to this: panic about everything, admit nothing’s broken, and do absolutely nothing bold.

While the world eagerly awaits the next grand move on the geopolitical chessboard, the U.S. Treasury decided to thrill markets with a $16 billion 20-year bond auction. The result? A “dramatic” high yield of 4.876%—a whole tick lower than July’s 4.935%—and a stop-through of 0.1 bps.

Riveting stuff… the kind of excitement only bond traders pretend to lose sleep over.

The bid-to-cover ratio came in at 2.54, slipping from 2.79 and marking the weakest showing since May—also below the six-auction average of 2.63. The internals hardly inspired confidence: foreign buyers pulled back, with Indirects taking just 60.6% (down from 67.4% and the lowest since February 2024). The slack was picked up by Directs, who stepped in for a record 26.5%—because nothing says “robust demand” like domestic buyers forced to mop up the leftovers.

Overall, it was a “solid” auction—if you believe the fairy tales Wall Street banksters keep spinning about the mythical risk-free world—while the only truly antifragile asset in a time of war remains PHYSICAL GOLD, not government IOUs.

Dealers were apparently too busy counting their profits elsewhere, managing to scrape together a measly 12.9%—well below their recent “average” of 14.1%.

The so-called “Peacemaker in Chief,” better known as the “Warmonger in Chief,” now sets his sights on Latin America—the last continent not yet engulfed by the West’s Malthusian agenda.

The fire of war spreads fast: Venezuela, long in Washington’s crosshairs, faces US warships circling its coast while Maduro rallies 4.5 million armed militiamen to defend the nation. Russia’s shield has held so far, but every alliance can be broken. The empire sharpens its blades, and Latin America braces for battle.

https://edition.cnn.com/2025/08/19/americas/venezuela-maduro-militia-us-military-deployment-intl-latam

Russia has been Venezuela’s shield, but even that alliance could be bartered away, while China remains distant, focused on Taiwan and trade.

History has shown that August is a flashpoint for wars, and the timing fits: US encirclement, Israel mobilizing reserves, and Venezuela bracing for war.

Oil is the prize, and if Moscow trades Caracas for leverage with NATO, “peace talks” will merely mark the march to another battlefield.

The so-called Magnificent 7 have been worshipped as invincible AI prophets, promising growth to infinity and beyond. Yet anyone glancing at their books knows just how artificial the “Artifiicial Intelligence” really is.

So, it’s hardly shocking that a whistleblower now claims META juiced ad performance by treating shipping fees as revenue, rigging auctions, and sprinkling in secret discounts. Turns out the Maleficent 7’s magic trick is just creative accounting in a shiny AI costume.

https://www.adweek.com/media/whistleblower-alleges-meta-artificially-boosted-shops-ads-performance/

While Wall Street’s banksters—always eager accomplices in accounting fraud when it fattens their pockets—pretend to shrug off the whistleblower’s claims, investors with functioning eyesight might notice the timing. On the very day META was accused of cooking ad numbers, the company also quietly admitted its AI dreams were sputtering: after dangling $100 million signing bonuses to lure OpenAI talent, it’s now freezing hiring in its AI division. Smoke, mirrors, and now… hiring freezes.

Meta may keep silent on the complaint, but there’s rarely smoke without fire. The recent stumble of the so-called Magnificent 7 since August looks like a canary in the coal mine: come the end of 2025, investors may find more reward in the “boring” old Dow than in chasing the YOLO Magnificent 7.

Factories are back from the dead. Just a month after slipping into contraction, the S&P Manufacturing PMI rocketed from 49.8 to 53.3 — not just beating forecasts, but nuking them from orbit, hitting the highest level since May 2022. Services cooled a touch but still ran hot, leaving the composite PMI at 55.4, the best since late 2024.