1/5 And the banks don’t have any money to lend you to take out that mortgage or to buy a car; the money is created when the borrower signs the loan documents, which the banks then do 10:1 (now 100:1) fractional reserve to just create more money out of thin air.
2/5 If no new loans are created, the system crashes onto itself, because it is what’s called a debt-based monetary system; in other words, debt equals money and without no new debt there is no new money. They will put up a good fight but in the end @Mashinsky will beat them
3/5 because all banks have one Achilles heel: Their fractional reserve scam. If you stop depositing your money with them, or take your money out of the bank, and give it to someone like @CelsiusNetwork who acts in your best interest, their business crumble like a deck of cards.
4/5 You may say to yourself, oh, I only have $1,000 in the bank, me taking my $1,000 out the bank & giving it to @CelsiusNetwork makes no difference, but that’s not true. When you withdraw your $1,000, the bank has to claw back $10,000 (now $100K 100:1) bc of fractional reserve
5/5 scam. Remember, they lent out money they don’t have which they created out of thin air by this fractional reserve scam of theirs. I defunded my criminal bank JPMorgan $10,000 today. They just lost $100,000 worth of ability to do loans, which is now a $1 million loan ability.

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More from @otisa502

13 Dec
1/9 "@CelsiusNetwork is already worth several billion dollars. Why? Just our CEL token is worth over $1 billion. You can do the math yourself. @CelsiusNetwork has $800 million — I’m not talking about the $100 million in cash; just in CEL token, @CelsiusNetwork has over
2/9 “$300 million CEL tokens. Take your calculator, 325,000,000X$2.20 — I think it’s trading at that range — what is that? That’s over $700 million. On top of that, on top of that, the market cap of the tokens that are in circulation, the tokens
3/9 “that all of you guys hold, is worth over $1 billion; it’s just that @CoinMarketCap does not count it. So go to @coinpaprika, go to some other sites, and you’ll see that they have the right count and it’s over $1 billion. And that’s not the equity, that is just the tokens.
Read 9 tweets
13 Dec
1/10 “When you see large chunks of CEL disappear off the CEL wall, you see that CEL wall on @Liquid_Global, on @UniswapProtocol, and you just see voom, giant chunks disappear, that is Celsius buying, that is not some whale buying; we are the whale. On behalf of our community, on
2/10 “behalf of 25,000 people, half of them already told us, every week, don’t ask me, I want CEL token. Why? It’s up 5,000%. I’m killing it. Just the interest that I’ve earned is enough for me to retire on. The interest I’ve earned in the last two years is more than the
3/10 “money I gave you in the first place. Why? Because even though I earned only 6% or 7% on #bitcoin, that 6% or 7% was in CEL token and that appreciated 10, 20 50 X, so now the interest is worth more than the principal. It’s not that we paid you some crazy rate that is
Read 10 tweets
12 Dec
1/4 And all you Celsians who were rooting for Texas to win in the Supreme Court, here’s a little thing you didn’t know about Texas and why you should abandon that state and that Texas Republican Party: Texas is doing everything it can to keep you poor. It passed a law that
2/4 prevents any crypto company, including @CelsiusNetwork, from doing any transaction with Texas residents involving stablecoins. So you can’t earn 10.5% APY on your USD — which is USDC, GUSD, USDT, etc — you can’t take a loan in stablecoins, you as a Texas resident can’t handle
3/4 stablecoins in any way, shape or form. So cheer for these Texas GOP clowns while they team up with the criminal cartel banks to keep you poor. The Texas legislature passed this law against you and the Texas governor signed it on behalf of its client, the bank lobby. So while
Read 4 tweets
20 Nov
1/3 For 2 years I haven’t been able to take a loan from @CelsiusNetwork, until 2 days ago when I just decided wtf, I’m moving, and moving right now.

I got my first loan of $10,000 from @CelsiusNetwork at 1%. I paid off my Capital One credit card bill of $5,705.44 immediately.
2/3 Capital One was charging me $75.88 per month in interest alone and $59 for a member fee. This is how banks steal from you every day and keep you poor. Year to date I’ve paid $1,078.50 in interest alone. Well, thanks to @CelsiusNetwork and @Mashinsky, no more.
3/3 I’m cutting up this Capital One credit card and throwing it in the garbage.

I would encourage every one of you who can take a loan to take a loan and get rid of these pesky credit card bills and say a big “fuck you” to your credit card company, which is a bank.

Best, Otis
Read 4 tweets
19 Nov
1/7 "@CelsiusNetwork does not charge you withdrawal fees, we pay your withdrawal fees. @CelsiusNetwork does not penalize you for early withdrawals, there is no early withdrawals, you can withdraw at any time. So all of these mechanisms that you are using on
2/7 “Cred or cryptodotcom or on @BlockFi where you lock up stuff for 6 or 9 or 12 months, all those things, people are crying over them right now. Anyone who locked up at cryptodotcom for 6 months and couldn’t sell their CRO and it lost over 50% of its value is not happy
3/7 “about that today. @CelsiusNetwork doesn’t do any of these mechanisms. We never had a lockup, ever, on any asset in our history, because that is not in your best interest. Now people understand it and say oh, yeah, yeah, Celsius is better, Celsius cares about me, Celsius
Read 7 tweets
18 Nov
1/4 Banks can’t give 6%-10% on coins because, as you’ve so eloquently said, it’s unsustainable, so how can @CelsiusNetwork do it? In that case, it’s either @CelsiusNetwork is a scam or your bank is a scam. I’ll leave you to figure out which one is a scam.
2/4 Here’s some FYI: Banks can pay you 10% on your USD/Euro/Pound, as they make 17% ROI, and 24.99% on credit cards. They just don’t want to and you don’t demand it, so they use all that profit to do stock buybacks and executive compensation. This is all public info. Look it up.
3/4 Lost your keys not your coins. In the old world, I didn’t keep all my cash at home under my mattress, it sat in a bank, a custodian. The same applies here: @CelsiusNetwork is my custodian and I sleep well at night. Not everybody is an expert on holding their own keys.
Read 4 tweets

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