Juan Manganelli

Interest in Business, Politics and Economics. Mostly Austrian Economics. Main Influences. Peter Schiff, Marc Faber, Jim Rogers, Tom Woods.

[Peter Schiff @PeterSchiff]

Since our 2022 debate, gold is up 116%. HEX is down 99.6%.

Richard Heart laughed through the whole thing.

Only one of us is still laughing.

[Jaime E. Carrasco @IJCarrasco]

Bet you just started building your allocation during the last run-up?

Hang in there.

Don’t listen to the noise of the paper price. Focus on the size of your monetary shelter.

In time, even these levels may look cheap — and you’ll sleep much better knowing the allocation is already in place.

Q3 held above $4,000, and these charts still apply going into Q4. The producers are generating massive cash flows, nobody owns the sector, and the credit bubble is in Trillions.

The first inning has just finished.

[Daniel Chang Contreras @DanielEChangC]

Taking Maduro out would be extremely dangerous.

Imagine what could happen?

-Massive economic crisis
-Millions of refugees
-Non-state actors taking control of large parts of the country

Oh right, that already happened with Maduro in power.

🤷🏻‍♂️

[Alan Smith @AlanJLSmith]

Suppose that once a week, ten men go out for beer and the bill for all ten comes to £100.

If they paid their bill the way we pay our taxes, it would go something like this:

The first four men (the poorest) would pay nothing.

The fifth would pay £1.

The sixth would pay £3.

The seventh would pay £7.

The eighth would pay £12.

The ninth would pay £18.

And the tenth man (the richest) would pay £59.　

So, that’s what they decided to do.

The ten men drank in the bar every week and seemed quite happy with the arrangement until, one day, the owner caused them a little problem.

“Since you are all such good customers,” he said, “I’m going to reduce the cost of your weekly beer by £20.”

Drinks for the ten men would now cost just £80.

The group still wanted to pay their bill the way we pay our taxes.

So the first four men were unaffected.

They would still drink for free but what about the other six men?

The paying customers? How could they divide the £20 windfall so that everyone would get his fair share?

They realized that £20 divided by six is £3.33, but if they subtracted that from everybody’s share then not only would the first four men still be drinking for free but the fifth and sixth man would each end up being paid to drink his beer.　

So, the bar owner suggested that it would be fairer to reduce each man’s bill by a higher percentage.

They decided to follow the principle of the tax system they had been using and he proceeded to work out the amounts he suggested that each should now pay.

And so, the fifth man, like the first four, now paid nothing (a 100% saving).

The sixth man now paid £2 instead of £3 (a 33% saving).

The seventh man now paid £5 instead of £7 (a 28% saving).

The eighth man now paid £9 instead of £12 (a 25% saving).

The ninth man now paid £14 instead of £18 (a 22% saving).

And the tenth man now paid £49 instead of £59 (a 16% saving).　

Each of the last six was better off than before with the first four continuing to drink for free.　

But, once outside the bar, the men began to compare their savings. “I only got £1 out of the £20 saving,” declared the sixth man. He pointed to the tenth man, “but he got £10!“　

“Yeah, that’s right,” exclaimed the fifth man. “I only saved a £1 too. It’s unfair that he got ten times more benefit than me!”　

“That’s true!” shouted the seventh man. “Why should he get £10 back, when I only got £2? The wealthy get all the breaks!”　

“Wait a minute,” yelled the first four men in unison, “we didn’t get anything at all. This new tax system exploits the poor!”

The nine men surrounded the tenth and beat him up.　

The next week the tenth man didn’t show up for drinks, so the nine sat down and had their beers without him.

But when it came time to pay the bill, they discovered something important – they didn’t have enough money between all of them to pay for even half of the bill!　

And that’s how it works.

Tax them too much, attack them for being wealthy and they just might not show up anymore. In fact, they might start drinking overseas, where the atmosphere is somewhat friendlier.　

For those who understand, no explanation is needed.

For those who do not understand, no explanation is possible.

[Juan Manganelli @Manganelli]

Excellent read!

[Gabriela Montero @monterogabriela]

Where were all the “Venezuela experts” the last 26 years as my country fell apart? Those new voices that have appeared out of nowhere to claim ownership of “truths”?

Where were you when we sent boxes upon boxes of medicines and food as my country starved and our friends and family died without the basic care they needed?

Did you answer the pleas of hundreds of thousands (now millions) of Venezuelans desperate to find a life outside the misery of collective impoverishment and violence brought on by a criminal regime?

Were you robbed of your home, livelihood, family, friends, present and future?

Was it you who answered message upon message of Venezuelans writing and whispering in your ear, “Please help me. They’re killing us”.

Did you embrace them as they hugged and cried on you? A chain of strangers sharing a trauma that bonded you forever.

No, it wasn’t. You haven’t lived what we have. You haven’t cried our tears. You don’t know our story and you don’t understand it.

If you did, you would not attack us for doing the impossible to end the real war against us- the one that was waged 26 years ago.

Talk to a Venezuelan. Don’t assume to know it all. Be humble. Empathize with our pain. Let the real experts do what they need to do.

We can’t and won’t tolerate one more second of this- much less 26 more years of pain and misery.

We desperately need this to end.

[Juan Manganelli @Manganelli]

That guy somehow can see the future. He is great

[Adam Taggart @adamtaggart]

@420Wolfmoney I'm interviewing Michael on Monday 👍

[Don Durrett - goldstockdata.com @DonDurrett]

They let a gold bug on MSM? Fire that producer!😂

[Rob Moore @robprogressive]

Socialism is when you take £10,000 from one productive person who works & give £1,000 to 10 people who do not work, and then blame the one productive person for all the country’s problems so the 10 people will vote for you

Then the productive people leave & the system implodes on itself

[Brian Norton @BWNort]

@EvaVlaar This is wrong. This is frightening.

An Oxford prof may have been onto something. "God In The Dock: Essays on Theology and Ethics.”

[Juan Manganelli @Manganelli]

I see some resistance level below the second bunch of red lights 🤣🤣🤣

[BullionByPost @bullionbypost]

Stocked, Steady & Still Going Strong 💪

Gold demand? 📈 Booming.
Gold price? 🚀 Climbing.
Our team? Packed, prepped & powering through.

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✅ Expert team on hand

👉 https://t.co/jourUN3TJQ

[BullionByPost @bullionbypost]

With industrial demand booming, lease rates soaring, and refiners struggling to keep up, silver is getting harder to come by.

But we’ve got you covered, including CGT-free Britannia coins and a wide range of core products ready to go.

https://t.co/jourUN3TJQ

[Grant Williams @ttmygh]

I mean…

[DepressedOptionsTrader, CFA @account_blown]

This is my entire timeline this morning. Never seen anything like this before. Looks like gold is going way higher.

[Juan Manganelli @Manganelli]

Tech stocks have been like that for 16 years nonstop. Contrarianism does not work in a bull market.

[Rick Rule @RealRickRule]

a negative sign, near teerm. We are no longer hated

[Ricardo Hausmann @ricardo_hausman]

No Nobel Prize in any field has ever been given to a more deserving candidate than this one. María Corina Machado is the most impressive leader I have ever met. She has had to face injustice and despotism, all while inspiring and leading a nation. Bravissima!

[Peter Schiff @PeterSchiff]

It’s amazing how much gold and silver stocks have sold off today on a $25 drop in the price of gold and silver’s $2 gain being cut in half. Gold is still above $4,000 and silver is still above $50, yet mining stock investors rushed for the exits as if the bull market just ended.

[Geiger Capital @Geiger_Capital]

Gold is now outperforming the Nasdaq over the last 5 years. Yes… read that again.

5-Yr Performance:
🟠 GOLD +112%
🔵 NASDAQ +98%