David Mantel

A genius is the man who can do the average things when everyone els around him is losing his mind.

-Napoleon

[David Mantel @DavidMantellll]

@brady_h Lesson: he didn't eat enough

[David Mantel @DavidMantellll]

@ElonMuskAOC 69.42

[David Mantel @DavidMantellll]

Amazing tweet from @TheGuySwann, People need to wake up.

[Guy Swann @TheGuySwann]

No, we should not bail out the investors, owners, bankers, OR the depositors! Do you think the value and the resources needed to cover a multi billion dollar insolvency comes out of nowhere?

This is the most dangerously stupid & cartoonish idea ever. YOU ARE STEALING FROM THE POOR, from everyone's standard of living, from the middle class who did *not* make a mistake. And it's not some esoteric, abstract theft either. It's real resources with real costs.

People have this crazy idea that prices just go up and this is natural and there's nothing we can do. You know what actually causes these prices to infinitely rise? The endless creation of debts, printing money, bailouts, ceaseless overconsumption, manipulation of financial markets via politics, and the constant propping up of investments and institutions that **consume more than they produce.** In short, THIS.

That's exactly what this is. The reason the gap for the poor keeps getting larger is because of THIS behavior, because of THIS mentality. Because of THIS response. When you say "oh think about the everyday depositors" you do so at the expense of those who saw their rent go up ANOTHER 20% this year. Who saw the price of food go up, who saw their wages stagnate, who *already* lost their job. They are the ones paying for your mistakes.

I am so, so sorry for the people caught up in this shitstorm, and I wish everything that it hadn't happened, but this will NEVER stop if we keep pretending there are no consequences and we dump the costs onto people who had no involvement whatsoever.

It's not make believe, you cannot wish it away. YOU are making people poor to pay for your mistakes. There is no free lunch. This is the apex of selfishness, that you would want others to pay the price in endlessly high living costs, in wages that constantly fall in value, in prices that never cease to skyrocket, that you would watch them struggle, watch them feel like life is meaningless & that they can never get ahead because everything will always get more expensive without ever stopping & why even try? Why produce? Why earn when it all gets taken anyway, when it never amounts to any genuine progress? Why not just dive head first into the political debt & consumption machine and just beg for a bailout when it goes wrong like everyone else?

I feel for those who will suffer from this. More than you probably believe. But I feel even more for those who are stuck in endless poverty, who never even have a chance, and when there is even a ghost of hint of prices being corrected, of the overconsumption being punished... they get kicked in the gut all over again to bail out Silicon Valley.

This lie can go on for decades, but eventually you run out of producers, eventually you get into a series of cascading debt bubbles and banking crises, eventually you find yourself in a place where the central bank doesn't respond to economic conditions, they actively and permanently manipulate everything about it. Because we purposefully engineered systemic fragility and corruption and let the real workers bail it out and prop it up over, & over, & over again. Today it might just seem like a depositor to a bank, or just a few investors, or one important bank, but the end of that road is the total destruction of our entire economic foundation.

You wonder why it feels like the world is falling apart? Why it feels like nothing is safe? Why it feels like we aren't making progress anymore? Why it feels like the US is a pathetic shadow of its former self? This is why.

Maybe you don't realize this is the truth of it, & you are not to blame for this. It is purposefully hidden by the politicians, corporate interests, & liars who profit most from it. It is understandable that you didn't know. But in hearing this, you *can* be faulted for ignoring something that you know is true, just because you wish it wasn't.

I wish there was a magic wand, but it doesn't exist.

#BankRuns #SVBCollapse #BankCrash #Depositors

[David Mantel @DavidMantellll]

@thecryptoc0up1e And that's why you should use #bitcoin.

[David Mantel @DavidMantellll]

@WatcherGuru it's pretty sad that people are actually taking his advice seriously, he should be fired.

[David Mantel @DavidMantellll]

@TheCryptoLark Here we go again

[David Mantel @DavidMantellll]

@TheCryptoLark Ther comes noting good out of quiting so just don't quit, it realy is that easy. Take a step back and think of why you starded in the first place and then think about wher quiting wil bring you.

I think that wil motivate you to keep going, it certainly das for me.

[David Mantel @DavidMantellll]

@Echo125410733 @gideonheilpern2 @LayahHeilpern I agree, i do not think we are out of the woods yet. just ask yourself are thing looking better in economics and in crypto, I certainly don't think so.

[David Mantel @DavidMantellll]

@benjamincowen something is telling me you might be right, to think #bitcoin will follow the price action of the https://t.co/TsJGbeXadS crash, it sure das Look very similar.

[David Mantel @DavidMantellll]

@TheCryptoLark I think #bitcoin is doing extraordinarily well considering all that happened.

[David Mantel @DavidMantellll]

@elonmusk @WallStreetSilv I am ashamed of my country for doing this. All in the name of climate change, when the difference is very small to non-existent!.

[David Mantel @DavidMantellll]

@masculinesoul But you do not always know directly do you?, but i do agree that staying in a relationship that you know is not working is a waste of time.

[David Mantel @DavidMantellll]

@Cointelegraph Short term bearish long term bullish on #bitcoin

[David Mantel @DavidMantellll]

@jordanbpeterson i like that answer, straight to the point.

[David Mantel @DavidMantellll]

@TheCryptoLark Haha, and you don't want that!!!.

[David Mantel @DavidMantellll]

@Aym0816Amy @CryptoMichNL I agree, i don't think ther will be a lot of volatility in Bitcoin in the short term. If the Fed raises intrest by 25bps it would be positive for the price because it is already priced in, but if we would get a 50bps rate hike that would be very negative for the price.

[David Mantel @DavidMantellll]

@TheCryptoLark 2023 will be a year to accumulate #bitcoin

[David Mantel @DavidMantellll]

@coinbureau I agree, knowing how fiat money works is also what motivated me to learn more about #bitcoin

[David Mantel @DavidMantellll]

I highly recommend everyone to read The intelligent investor. it's a great book

#economics #investing #book

[David Mantel @DavidMantellll]

Fiat money is losing its value due to rampant inflation and devaluation. Governments can print as much money as they want, leading to decreased purchasing power for the average person. Bitcoin offers a hedge against inflation and a decentralized alternative to fiat.