Bernie Mantay

Retired CA, CPA. 25+ years in senior management. interested more in markets than politics but anti-MAGA. FACTS are important.

[Bernie Mantay @BernieMantay]

The most important things in life aren’t things.

[Bernie Mantay @BernieMantay]

@WhiteHouse SAVE Act is a SCAM

[Bernie Mantay @BernieMantay]

Unbelievably stupid …
Both parties, all governments

[StockMarket.News @_Investinq]

The Pentagon’s most IMPORTANT missile defense system can’t be built without parts from China.

This is Pentagon data.

This chart traces the supply chain of America’s most critical weapons: Patriot missiles, B-2 bombers, nuclear platforms, long-range strike systems.

It follows the components from weapon system to approved supplier to the actual source of the semiconductors inside.

The final column is a wall of Chinese companies.

Dozens of them, feeding directly into the chips that guide, control and operate American weapons.

More than 40 percent of the semiconductors in US weapon systems come from China.

Between 2014 and 2022, American dependence on Chinese electronics for defense surged 600 percent.

The number of Chinese suppliers in Pentagon supply chains quadrupled from 2005 to 2020.

The missile defense sector is the most exposed, 11.1 percent of its primary contractors are Chinese firms.

That means the nation most likely to fire missiles at us is also the one supplying our missile defense.

And it gets worse.

China now controls roughly 70 percent of global rare earth mining and 90 percent of rare earth processing.

In 2025, Beijing imposed export bans on rare earth magnets for any military end-use.

An F-35 was grounded because a magnet inside its engine came from China.

It passed through five layers of suppliers before anyone noticed, it had been there for years.

CSIS ran two dozen war simulations against China over Taiwan.

In every one, America’s long-range missile stockpile was gone in a week.

Rebuilding those missiles requires the very supply chains China controls.

This is a present-tense national security crisis hiding in plain sight inside Pentagon procurement data.

The country we are arming against is the country we cannot arm without.

[Bernie Mantay @BernieMantay]

@RpsAgainstTrump If true, that’s some sick stuff

[Bernie Mantay @BernieMantay]

Idiots, clowns …

[Tim Miller @Timodc]

Still trying to wrap my head around Kash firing a unit that specializes in Iranian counter-intel LAST WEEK -- when they knew war was coming -- because the agents were involved in the Trump classified docs case.

https://t.co/1586YuzT5e

[Bernie Mantay @BernieMantay]

@R0ger_That_Over @JohnJHarwood That playbook was old a long time ago …

[Bernie Mantay @BernieMantay]

@RepNancyMace Schoolyard logic 🙄

[Bernie Mantay @BernieMantay]

@MelissaAFrancis Such a classless, clueless, and stupid post
Melissa the moron ...

[Bernie Mantay @BernieMantay]

@WalterRight_x2 @jonathanweisman @ReisThebault @nytimes Fucking idiot 🙄

[Bernie Mantay @BernieMantay]

@LindseyGrahamSC Oh shut up …

[Bernie Mantay @BernieMantay]

@GilRGlover @OurShallowState Almost looks like nothing happened…

[Bernie Mantay @BernieMantay]

@Nicosso_ @marceelias I doubt Georgia is doing this with bad intent. Obviously, you need to get on top of this asap. I hope I hear back from you on this -- in a future thread.

Crazy, for sure.

[Bernie Mantay @BernieMantay]

@marceelias Trump is such a clown 🙄

[Bernie Mantay @BernieMantay]

@Peter_Bucci @LukeGromen Electricians, plumbers, HVAC
All these trades seem to be perpetually in high demand.
For us, it's always a scramble to get the guys in on a timely basis.

[Bernie Mantay @BernieMantay]

@RepNancyMace Classless bitch

[Bernie Mantay @BernieMantay]

@seanspicer Just a reminder, dipshit
Trump started this without consulting NATO allies
The US has always sought a broad coalition before taking these actions
Not this time

YOU HAVE NO POINT -- IT'S STUPID

[Bernie Mantay @BernieMantay]

@MacroSloan2929 @caseyjdonaldson @LukeGromen So what

[Bernie Mantay @BernieMantay]

So, Iran closed the Strait of Hormuz. Oil spike and shortages, here we come.

Global economic crash?

[StockMarket.News @_Investinq]

Maersk just shut down the most important shipping lane on Earth.

Because Iran is sinking ships.

Here's what happened.

On Saturday, the US and Israel launched the largest joint military strike in modern history against Iran.

Iran's Supreme Leader was killed in his office in Tehran.

Iran's response was immediate and terrifying.

Missiles launched at US bases in six countries.

Drones fired at Israel and then the big one, Iran declared the Strait of Hormuz closed.

The Strait of Hormuz is a 21 mile wide chokepoint between Iran and Oman.

20 million barrels of oil pass through it every day.

That's 20% of the world's entire oil supply.

There is no alternative route

They attacked an oil tanker called the "Skylight" near the Strait.

It's on fire and sinking and then a second ship, the "MKD VYON" was hit.

Two vessels burning and zero ships getting through.

Now look at who's running.

Maersk, suspended all Hormuz crossings.

Hapag-Lloyd, suspended all transits.

CMA CGM, ordered every ship to take shelter.

Marine insurers, refusing to cover any voyage in the region.

The world's largest shipping companies just abandoned the Persian Gulf.

100+ oil tankers are now sitting dead in the water near UAE and Oman.

Dozens of cargo ships are parked off Iran, Iraq, and Kuwait.

LNG tankers are making U-turns mid-voyage.

Global trade through the Gulf has effectively stopped.

Oil already jumped 10% to $80 a barrel.

Analysts are warning it could hit $100 this week.

The worst case scenario from ING, $140 a barrel.

China gets HALF its oil imports through the Strait of Hormuz.

India, Japan and South Korea, all massively exposed.

If this drags on, you're looking at an energy bidding war across Asia that crashes the global economy.

The last time oil supplies were disrupted at this scale was during the 1970s Arab oil embargo.

Analysts say this could be three times worse.

The Supreme Leader is dead, Iran is firing back and ships are burning.

And the Strait of Hormuz, the jugular vein of the global economy is closed.

This is the crisis.

[Bernie Mantay @BernieMantay]

@USAmbCanada Have not read the Globe article but the headline doesn’t seem good.

I will say, I was surprised at how much play the US Hockey team got. It seemed a bit much — especially having them parade during the SOTU address. Can’t say I’ve ever seen anything like that.

[Bernie Mantay @BernieMantay]

@LindseyGrahamSC Hey Lindsey
FUCK YOU
Where are you on Ukraine?
You have ZERO credibility
So
FUCK YOU