Dear Investors,

Please find below the October 2025 factsheet for The Macro Butler Strategic Portfolio.

https://themacrobutler.substack.com/p/the-macro-butler-strategic-portfolio-e13

The Macro Butler was rushed onto Asharq Bloomberg TV Dubai for an emergency broadcast to dissect the oil market’s latest melodrama — where prices now swing less on demand and more on geopolitical plot twists worthy of a Netflix thriller. Meanwhile, “Drill Baby Drill” remains a magical campaign slogan best filed under fantasy fiction, right next to unicorns and budget surpluses.

So buckle up, fill the tank while you still can, and enjoy the show.

The interview has been translated into Arabic.

https://themacrobutler.substack.com/p/interview-with-asharq-bloomberg-tv-62d

🤵 The Macro Butler’s Monthly Meditation 🤵

🌐 Genomics, hailed by some as a gold mine, is really just the latest DNA–AI–mRNA trinity—where charlatans try to turn everyone’s health into their personal wealth.🌐

Read more here: https://themacrobutler.substack.com/p/the-macro-butlers-monthly-meditation-845

Listen to a summary of The Macro Butler Monthly Meditation via podcast on Substack; YouTube; Rumble & TikTok.

https://themacrobutler.substack.com/p/the-macro-butlers-monthly-meditation-174

In the latest episode of the perpetual Malthusian Neocon “Russian Bogeyman” saga, the Pentagon has blessed the delivery of long-range Tomahawks to Ukraine—because apparently U.S. stockpiles are infinite and the apocalypse cannot wait. The ‘Warmonger In Chief’ had previously resisted arming the Dancer on High Heels from Kyiv with missiles that could wreck not only Russia’s energy sector but also the Russian capital, noting, sensibly, that the U.S. might actually need some for itself. Meanwhile, the Neocons keep plotting to drag America with the North Atlantic Terror Organization into World War III, using Ukraine as their pawn and trying to manipulate Donald Copperfield like a chess piece.

https://www.newsweek.com/tomahawk-missiles-ukraine-russia-donald-trump-10973752

Tomahawks’ 1,000-mile reach—and their theoretical dual-use capability—creates a brilliant new era of strategic ambiguity. In a world where hawks run the Ministry of War and promises are stagecraft, rivals are rightly inclined to assume the worst, and mistrust becomes the official doctrine. The result is a farcical, high-stakes stand-off where deterrence feels less like diplomacy and more like a badly scripted dystopian play.

https://www.britannica.com/technology/Tomahawk-cruise-missile

Napoleon marched into Russia not for glory, but for the great patriotic duty of stopping anyone from trading with Britain—an early experiment in economic thought control. Today’s Neocons are running the same script, insisting Donald Copperfield threaten any nation that buys Russian energy. It’s the old Athens playbook too: command the Delian League, silence its members, call it “democracy,” and watch the empire fray. Even the British tried it during the American Revolution—blockades, the Prohibitory Act, and the cheerful promise that any rebellious ship could be confiscated for the Crown’s collection.

And now, the world is told to believe Russia will collapse like a poorly constructed house of cards if the crumbling western empire just isolates it hard enough. As if the alphabet agencies and the Neocons had never opened a history book—or worse, opened one and decided the repeated failures were actually brilliant ideas. If they truly think Putin will surrender and stroll out of Ukraine, they’re not merely naïve; they’re wandering into full brain-dead territory. A third coup, regime collapse, conquest of Russia—clearly the plan is less “diplomacy” and more “fantasy fiction,” minus Orwell’s subtlety.

The Malthusian strategists know exactly what they’re doing; whether Donald Copperfield does is another matter. Handing Tomahawks to Kyiv isn’t an innocent act born of ignorance — it’s a deliberate escalation with foreseeable consequences. If you equip a reckless cokehead for offensive operations, you aren’t naïve; you’re selecting a path toward wider war. This isn’t about rescuing a nation so much as choosing a theatre for global confrontation. Europeans should soberly consider the odds before applauding acts that could provoke a much larger conflict.

World War III may well be warming up for a 2026 debut, yet not a single ordinary Russian, European, American, Japanese, or Chinese citizen has asked for tickets. The common folk simply want to work, raise families, and maybe enjoy a quiet evening without being drafted into someone else’s grand strategy. But in the great global chess match, WE THE PEOPLE remain the pawns—useful, expendable, and never asked for consent. Our blood oils the gears while the ‘Educated Yet Idiots’ play war games for power. Wars are never launched by the people who must fight them, only by those who should never be allowed anywhere near the reins of power.

Join Metals and Miners on November 12 for an unmissable webinar exploring the most dramatic transformation of the American electric grid in a century—and what it means for your portfolio.

From soaring power demand to the explosive growth of data centers, AI, and electrification, an incredible panel of experts will break down the winners, the risks, and the strategies savvy investors can use to stay ahead of this multi-trillion-dollar shift.

https://themacrobutler.substack.com/p/wired-for-wealth-how-the-us-grid

As Washington’s shutdown circus rolls on, the ISM Manufacturing PMI slipped from 49.1 to 48.7—its eighth straight month in contraction. Production and new orders look “encouraging,” but under the hood it’s more jalopy than juggernaut. Unsold inventories just saw an unprecedented jump, export sales are sputtering, and unless demand magically revives, factories may soon be downshifting. Prices paid are falling fast, new orders and employment remain in contraction, and CEO optimism is drifting back toward “tariff-season gloom.’ In short: tariffs are still jacking up costs, trade policy is still confusing everyone, the shutdown isn’t helping, and consumer-oriented industries are feeling it first. Other than that, everything’s fine.

In a nutshell, as Washington’s shutdown drags on, U.S. manufacturing is sliding deeper into contraction, buried under falling demand, swelling inventories, and policy chaos masquerading as strategy.

The American empire isn’t just cracking from the outside; it’s hollowing out from within. Trust in public institutions has evaporated so completely that members of the administration now live under the Army’s protective wing, retreating to military bases around Washington as if civilian life had become a dangerous experiment. The Atlantic reports senior officials relocating after waves of doxxing, threats, and intelligence warnings of “inevitable unrest.” Homes once reserved for generals are now emergency housing for policymakers—an arrangement critics say blurs the line between civilian government and the uniforms meant to serve it. Whether they like it or not, these officials have become temporary residents of Fortress America, a place where public servants can no longer safely live among the public they serve.

https://www.theatlantic.com/politics/archive/2025/10/trump-officials-military-housing-stephen-miller/684748/

Even the president seems to be bracing for a storm. The White House’s latest “ballroom renovation”—a polite phrase for demolishing the East Wing and replacing it with a 90,000-square-foot fortress—comes with security upgrades no one will officially describe. The old Presidential Emergency Operations Centre is being modernized, expanded, and quietly folded into a project that looks suspiciously less like interior design and more like bunker-centric nation-planning. The White House Military Office is running the show, architects are protesting that the new structure will swallow the historic complex whole, and critics wonder whether the real centerpiece isn’t the ballroom at all, but the subterranean refuge beneath it. In classic Orwellian fashion, the government assures us it’s just redecorating—while digging deeper underground.

https://www.themirror.com/news/us-news/donald-trump-white-house-bunker-1468826

In a nutshell, as trust in U.S. institutions crumbles, officials retreat to military bases and the White House quietly fortifies its underground bunkers—proof that “Fortress America” is being built faster than anyone will admit.

As the U.S. government shutdown drags on—now so bad it’s apparently slowing down the airspace—ADP reported that private payrolls rose by 42,000 after dropping 29,000 the previous month. Economists expected 30,000, so at least someone beat a forecast this week. With official data stuck in shutdown limbo, ADP is one of the few clues left about the job market. The takeaway? Hiring is still happening, just at the limp, half-hearted pace of a country waiting for Washington to remember how to govern.

Wage growth has been flatter than a day-old soda for over a year, suggesting the labour market’s supply and demand are grudgingly balanced. Still, headline layoffs from Amazon, Starbucks, and Target have everyone nervously refreshing LinkedIn. Jobless claims remain low—for now—but the “no-firing” truce could easily crack. October saw a modest rebound: services added 32k jobs, goods producers 9k, and most of the gains came from education, health care, and transportation. Meanwhile, professional services, information, and even leisure and hospitality keep shedding workers for a third straight month, and small businesses haven’t added jobs in three months.

In a shutdown-strangled economy, hiring is limping along, wages are flat, layoffs are creeping in, and the ADP report is basically the only pulse check left—showing a job market that’s alive, but far from well.

While U.S. manufacturing is still moping in the corner, the services sector is apparently riding high on the great AI fairy tale. October’s ISM services index jumped to 52.4, thanks to new orders from data centres and a burst of M&A activity that may or may not last longer than a news cycle. Prices paid hit their highest level since 2022—because nothing says “booming economy” like everything getting more expensive. Employment is still contracting, just a bit less miserably than before. But sure, if you squint hard enough, this all adds up to an economy growing at a tidy 2.5% annualized pace.