Author | Lightnews

Reposted by Marjorie Nadal

Chaos & Order @chaosorderinsight.bsky.social · 7d

In June 2025, Apollo committed £4.5B to EDF's nuclear projects—largest sterling private credit deal ever.

That same month, they closed a $2.7B insurance acquisition nobody noticed.

The second deal matters more. Here's why: (1/8)

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Marjorie Nadal @marjorienadal.bsky.social · 13d

Hell no! 🚨 That old nugget...
FT: "Central banks should sell gold bubble"
Reality: CBs are net buyers for 14th consecutive year. China, Russia, India, Poland, Turkey actively accumulating in 2025.
Not thoughtless—strategic. Monetary fragmentation. Zero counterparty risk.
on.ft.com/3KHEm3D

Gold bubble should prompt central banks to sell the metal

The world is a thoughtless prisoner of history when it treats bullion as a desirable store of value

on.ft.com

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Reposted by Marjorie Nadal

Chaos & Order @chaosorderinsight.bsky.social · 21d

8/8 Bottom line: Position for parallel benchmark development, not dollar collapse.

Anyone selling you dollar-collapse headlines is talking politics. Anyone showing you basis spreads is talking money.

Full analysis: open.substack.com/pub/chaosand...

Chaos & Order Edition 19: Commodity Origami

Third in “The New Money Architecture” series

open.substack.com

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Marjorie Nadal @marjorienadal.bsky.social · 21d

If you're allocating capital in commodities, you need to understand the difference between payment rails and pricing power. One is theatre. The other determines where the money is. Check out my latest analysis: Commodity Origami open.substack.com/pub/chaosand...

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Reposted by Marjorie Nadal

Chaos & Order @chaosorderinsight.bsky.social · Sep 19

🧵1/3 The monetary architecture war nobody talks about: CBDCs vs private stablecoins
The competition is already over.
In 2025:
🇺🇸 Trump: Halted retail CBDCs, signed GENIUS Act
🇨🇳 China: Digital yuan across millions of wallets
🇪🇺 Europe: Hedging with both CBDCs and stablecoin regulation

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Reposted by Marjorie Nadal

Chaos & Order @chaosorderinsight.bsky.social · Aug 7

🚨 Currency Debasement & Monetary Realities 🚨

1/9 Recent buzz claims “revaluing Treasury’s gold” can fix fiscal woes. Gold prices fluctuate freely; the statutory $42.22/oz price is outdated accounting theatre. It doesn’t create real spending power. Official Fed analysis agrees.

Currency Debasement: The Art of Quietly Robbing Creditors (While Rewarding Debtors)

How to spoliate bondholders and retirees without sacrificing the rich or your economy

chaosandorderinsight.substack.com

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Reposted by Marjorie Nadal

Chaos & Order @chaosorderinsight.bsky.social · Aug 22

9/9 This isn't doom-mongering. It's arithmetic. The maturity wall is locked in. The rate shock is structural. The only question is positioning.
Full analysis: chaosandorderinsight.substack.com/p/strategic-...

Strategic Intelligence Brief: The Corporate Bond Rollover Wall Crisis

When Mathematical Inevitability Meets Market Reality

chaosandorderinsight.substack.com

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Reposted by Marjorie Nadal

Chaos & Order @chaosorderinsight.bsky.social · Sep 19

1/8 European renewable targets assume battery storage capacity that won't exist by deadlines. The arithmetic is brutal.

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Reposted by Marjorie Nadal

Chaos & Order @chaosorderinsight.bsky.social · Sep 19

3/3 China's counter: mBridge network for direct settlement, bypassing dollars entirely.Investment thesis:

Position for parallel systems, not winner-take-all outcomes.
Full analysis: chaosandorderinsight.substack.com/p/chaos-and-...

Chaos & Order Edition 18: Central Bank Digital Currencies vs. Private Money

Second in "The New Money Architecture" series

chaosandorderinsight.substack.com

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Reposted by Marjorie Nadal

Chaos & Order @chaosorderinsight.bsky.social · Aug 22

🧵 1/9 THREAD: The Corporate Bond Rollover Wall Crisis
$10 trillion in corporate debt must refinance by 2027. The math is impossible. 🧮

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Marjorie Nadal @marjorienadal.bsky.social · Aug 20

4/4 Next episode: Turkey's Euphrates strategy. Where the rivers that birthed civilisation have become weapons of conquest.

#WaterWars #Geopolitics #StrategicAnalysis #ResourceConflicts #GlobalRisk

Marjorie Nadal @marjorienadal.bsky.social · Aug 20

3/4 This isn't just about South Asia. It's about upstream powers discovering that dams can do what armies once did. Resource weaponisation is becoming normalised globally.
📻Amazon: music.amazon.co.uk/podcasts/cf8...

For the best experience accessing Amazon Music, we recommend using the latest version of Firefox, Chrome, Safari or Edge.

music.amazon.co.uk

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Marjorie Nadal @marjorienadal.bsky.social · Aug 20

2/4 65 years of successful cooperation collapsed in 24 hours after a Kashmir attack. What happened next exposes Pakistan's vulnerability, China's strategic patience, and why markets repriced risk instantly.

🍎Apple: podcasts.apple.com/us/podcast/w...

Water Wars

Politics Podcast · Updated Monthly · Strategic analysis of how water is becoming a weapon in global conflicts. From the Indus Basin crisis and Turkey’s Euphrates dams to the geopolitics of the Nile, R...

podcasts.apple.com

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Marjorie Nadal @marjorienadal.bsky.social · Aug 20

1/4 🌊 Water Wars - Episode 1 live now!
The moment water diplomacy died: April 23rd, 2025. How India's suspension of the Indus Waters Treaty reveals the weaponisation of resources in the 21st century.

🎵Spotify: open.spotify.com/show/6ThViVt...

Water Wars

Podcast · Marjorie F. Nadal · Strategic analysis of how water is becoming a weapon in global conflicts. From the Indus Basin crisis and Turkey’s Euphrates dams to the geopolitics of the Nile, Russia’s...

open.spotify.com

1

Marjorie Nadal @marjorienadal.bsky.social · Aug 20

8/8 This isn't doom-mongering. It's arithmetic. The maturity dates are locked in. The rate environment is structural. Position accordingly.

Full analysis: open.substack.com/pub/chaosand...

Strategic Intelligence Brief: The Corporate Bond Rollover Wall Crisis

When Mathematical Inevitability Meets Market Reality

open.substack.com

Marjorie Nadal @marjorienadal.bsky.social · Aug 20

7/8 Investment implications: Defensive positioning in cash-generative businesses with minimal refinancing needs. Opportunity positioning in distressed debt with dry powder ready.

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Marjorie Nadal @marjorienadal.bsky.social · Aug 20

6/8 Historical parallel: 2001-2002, Fed cut 550bp but corporate defaults hit 12.8%. When companies can't refinance, monetary policy becomes irrelevant.

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Marjorie Nadal @marjorienadal.bsky.social · Aug 20

5/8 Sectors in the crosshairs: REITs ($300B+), Telecoms ($200B+), Shale Energy ($180B+). These aren't just numbers—they're jobs, dividends, and economic growth.

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Marjorie Nadal @marjorienadal.bsky.social · Aug 20

4/8 The timeline is mathematical certainty:

Q4 2025: $847B US corporate debt matures
2026: Peak refinancing stress
2027: Systematic unwind if credit markets freeze

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Marjorie Nadal @marjorienadal.bsky.social · Aug 20

3/8 Even if Fed cuts 150bp (aggressive scenario), companies still face 300%+ higher borrowing costs. Credit spreads have widened independently of Fed policy. Rate cuts help Treasuries, not leveraged corporates.

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Marjorie Nadal @marjorienadal.bsky.social · Aug 20

2/8 Companies borrowed at 2.5% in 2021. Now refinancing at 6-8%+. That's not a rate adjustment—it's a business model destruction. Interest costs doubling overnight for the same principal.

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Marjorie Nadal @marjorienadal.bsky.social · Aug 20

🧵 1/8 THREAD: The Corporate Bond Rollover Wall Crisis

While everyone debates Fed cuts, $10 trillion in corporate debt must refinance by 2027. The math is brutal. 🧮

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Marjorie Nadal @marjorienadal.bsky.social · Aug 19

New analysis in my podcast Water Wars - strategic insights for an increasingly constrained world.
Episode 1: The Indus Crisis: When Water Becomes a Weapon
Listen: [Spotify link] (8/8)

Marjorie Nadal @marjorienadal.bsky.social · Aug 19

New analysis in my podcast Water Wars - strategic insights for an increasingly constrained world.

Episode 1: The Indus Crisis: When Water Becomes a Weapon

Listen: open.spotify.com/show/6ThViVt... (8/8)

Water Wars

Podcast · Marjorie F. Nadal · Strategic analysis of how water is becoming a weapon in global conflicts. From the Indus Basin crisis and Turkey’s Euphrates dams to the geopolitics of the Nile, Russia’s...

open.spotify.com

1

Marjorie Nadal @marjorienadal.bsky.social · Aug 19

This isn't limited to South Asia. Resource weaponisation becoming normalised:
- Water today
- Rare earth minerals tomorrow
- Food exports next week (7/8)

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