Marjorie Nadal
@marjorienadal.bsky.social
Writer of Chaos & Order.
Former Trading MD decoding markets, power plays & the forces reshaping our world.
http://linkedin.com/in/commodity
chaosandorderinsight.substack.com
www.mnadalandco.com
Former Trading MD decoding markets, power plays & the forces reshaping our world.
http://linkedin.com/in/commodity
chaosandorderinsight.substack.com
www.mnadalandco.com
12/12 Lest we forget:
We don't need to be managed. We need to be free to make choices that don't scale, build things that don't optimize, create meaning that doesn't fit categories.
Because that's what keeps us human.
#ArmisticeDay #LestWeForget
We don't need to be managed. We need to be free to make choices that don't scale, build things that don't optimize, create meaning that doesn't fit categories.
Because that's what keeps us human.
#ArmisticeDay #LestWeForget
November 11, 2025 at 11:19 AM
12/12 Lest we forget:
We don't need to be managed. We need to be free to make choices that don't scale, build things that don't optimize, create meaning that doesn't fit categories.
Because that's what keeps us human.
#ArmisticeDay #LestWeForget
We don't need to be managed. We need to be free to make choices that don't scale, build things that don't optimize, create meaning that doesn't fit categories.
Because that's what keeps us human.
#ArmisticeDay #LestWeForget
11/12 107 years after the armistice, what survives isn't the efficient systems.
It's the impractical beauty carved by someone who refused to accept that optimization was the point of existence.
It's the impractical beauty carved by someone who refused to accept that optimization was the point of existence.
November 11, 2025 at 11:19 AM
11/12 107 years after the armistice, what survives isn't the efficient systems.
It's the impractical beauty carved by someone who refused to accept that optimization was the point of existence.
It's the impractical beauty carved by someone who refused to accept that optimization was the point of existence.
10/12 But humans under the absolute worst conditions—industrial slaughter, unimaginable suffering—still find ways to create, comfort, refuse to become cogs in someone else's machine.
November 11, 2025 at 11:19 AM
10/12 But humans under the absolute worst conditions—industrial slaughter, unimaginable suffering—still find ways to create, comfort, refuse to become cogs in someone else's machine.
9/12 We're being sold a future of algorithmic optimization. AI automation. Managed decline disguised as progress.
The technology isn't the problem. The problem is systems that eliminate human agency under the banner of "efficiency."
The technology isn't the problem. The problem is systems that eliminate human agency under the banner of "efficiency."
November 11, 2025 at 11:19 AM
9/12 We're being sold a future of algorithmic optimization. AI automation. Managed decline disguised as progress.
The technology isn't the problem. The problem is systems that eliminate human agency under the banner of "efficiency."
The technology isn't the problem. The problem is systems that eliminate human agency under the banner of "efficiency."
8/12 Because creating it was a refusal to accept that war was all there was.
Because the act of making something meaningful was how he stayed human in an inhuman system.
Because the act of making something meaningful was how he stayed human in an inhuman system.
November 11, 2025 at 11:19 AM
8/12 Because creating it was a refusal to accept that war was all there was.
Because the act of making something meaningful was how he stayed human in an inhuman system.
Because the act of making something meaningful was how he stayed human in an inhuman system.
7/12 A soldier in a trench—cold, terrified, waiting for the next barrage—chose to create something beautiful.
Not useful. Not practical. Not optimized for survival.
Just... beautiful.
Not useful. Not practical. Not optimized for survival.
Just... beautiful.
November 11, 2025 at 11:19 AM
7/12 A soldier in a trench—cold, terrified, waiting for the next barrage—chose to create something beautiful.
Not useful. Not practical. Not optimized for survival.
Just... beautiful.
Not useful. Not practical. Not optimized for survival.
Just... beautiful.
6/12 I've spent 25 years analyzing markets. Everything gets optimized: efficiency, scale, ROI.
But this shell casing is the opposite of everything I understand professionally.
But this shell casing is the opposite of everything I understand professionally.
November 11, 2025 at 11:19 AM
6/12 I've spent 25 years analyzing markets. Everything gets optimized: efficiency, scale, ROI.
But this shell casing is the opposite of everything I understand professionally.
But this shell casing is the opposite of everything I understand professionally.
5/12 The women wrote back for years. Sometimes decades.
They needed someone who'd been there. Who'd seen their sons as humans, not casualties.
They needed someone who'd been there. Who'd seen their sons as humans, not casualties.
November 11, 2025 at 11:19 AM
5/12 The women wrote back for years. Sometimes decades.
They needed someone who'd been there. Who'd seen their sons as humans, not casualties.
They needed someone who'd been there. Who'd seen their sons as humans, not casualties.
4/12 What strikes me reading them now: Father Antonin remembered details. A soldier's last words. His worry about his younger brother. The tarte tatin his mother made.
He wrote all of this to their mothers. Not form letters. Individual, human responses.
He wrote all of this to their mothers. Not form letters. Individual, human responses.
November 11, 2025 at 11:19 AM
4/12 What strikes me reading them now: Father Antonin remembered details. A soldier's last words. His worry about his younger brother. The tarte tatin his mother made.
He wrote all of this to their mothers. Not form letters. Individual, human responses.
He wrote all of this to their mothers. Not form letters. Individual, human responses.
3/12 He also kept something else: copies of every letter he wrote to mothers and widows of soldiers who died in the trenches.
Hundreds of them. Each one different.
Hundreds of them. Each one different.
November 11, 2025 at 11:19 AM
3/12 He also kept something else: copies of every letter he wrote to mothers and widows of soldiers who died in the trenches.
Hundreds of them. Each one different.
Hundreds of them. Each one different.
2/12 It's a brass cartridge shell. Someone—likely a soldier between artillery barrages—carved the Virgin Mary inside. Delicate. Reverent. Impossibly detailed.
My great-great uncle, an army chaplain, carried this through WWI and kept it until he died.
My great-great uncle, an army chaplain, carried this through WWI and kept it until he died.
November 11, 2025 at 11:19 AM
2/12 It's a brass cartridge shell. Someone—likely a soldier between artillery barrages—carved the Virgin Mary inside. Delicate. Reverent. Impossibly detailed.
My great-great uncle, an army chaplain, carried this through WWI and kept it until he died.
My great-great uncle, an army chaplain, carried this through WWI and kept it until he died.
Reposted by Marjorie Nadal
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...
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
October 2, 2025 at 6:41 PM
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...
Anyone selling you dollar-collapse headlines is talking politics. Anyone showing you basis spreads is talking money.
Full analysis: open.substack.com/pub/chaosand...
Reposted by Marjorie Nadal
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-...
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
August 22, 2025 at 8:47 PM
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-...
Full analysis: chaosandorderinsight.substack.com/p/strategic-...
Reposted by Marjorie Nadal
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-...
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
September 19, 2025 at 12:38 PM
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-...
Position for parallel systems, not winner-take-all outcomes.
Full analysis: chaosandorderinsight.substack.com/p/chaos-and-...
4/4 Next episode: Turkey's Euphrates strategy. Where the rivers that birthed civilisation have become weapons of conquest.
#WaterWars #Geopolitics #StrategicAnalysis #ResourceConflicts #GlobalRisk
#WaterWars #Geopolitics #StrategicAnalysis #ResourceConflicts #GlobalRisk
August 20, 2025 at 7:33 PM
4/4 Next episode: Turkey's Euphrates strategy. Where the rivers that birthed civilisation have become weapons of conquest.
#WaterWars #Geopolitics #StrategicAnalysis #ResourceConflicts #GlobalRisk
#WaterWars #Geopolitics #StrategicAnalysis #ResourceConflicts #GlobalRisk
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...
📻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
August 20, 2025 at 7:33 PM
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...
📻Amazon: music.amazon.co.uk/podcasts/cf8...
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...
🍎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
August 20, 2025 at 7:33 PM
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...
🍎Apple: podcasts.apple.com/us/podcast/w...