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Charlie Munger warns about the biggest inflationary bubble in world history bursting and shares his thoughts on how it is going to unfold. He elaborates on the difficulty of building wealth for the young generation of today compared to his. Charlie says that we’re flirting with serious trouble and the consequences may be worse than what Paul Volcker was dealing with in the 1970s.
Being a vice chairman of Berkshire Hathaway and the closest partner (right hand man) of Warren Buffett, Charles T. Munger has a net worth of around $2 billion. He is a profoundly wise man who is absolutely worth listening to, especially when it comes to investing, the psychology of wealthy people, rationality, and life experience.
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What’s Coming Is WORSE Than A Recession – Charlie Munger’s Last WARNING
Legendary investor Charlie Munger has issued a stark warning about the future of the global economy, stating that what’s coming is worse than a recession. In a recent interview, the 97-year-old vice chairman of Berkshire Hathaway expressed his concerns about the escalating levels of debt and the potential for a major economic downturn.
Munger’s warning comes at a time when the global economy is facing a myriad of challenges, including the fallout from the COVID-19 pandemic, rising inflation, supply chain disruptions, and geopolitical tensions. These factors, combined with the unprecedented levels of debt accumulated by governments, businesses, and individuals, have created a perfect storm that could lead to a severe economic crisis.
The implications of a worsening economic situation are far-reaching and could have devastating effects on businesses, workers, and consumers. A prolonged downturn could lead to widespread job losses, a collapse in consumer spending, and a wave of bankruptcies across various industries.
Munger’s warning should serve as a wake-up call for policymakers, businesses, and investors to take action to mitigate the risks and prepare for what’s to come. In order to avoid a worst-case scenario, it will be crucial for governments to implement policies that promote fiscal responsibility, support job creation, and provide assistance to those most vulnerable to economic shocks.
Businesses will need to adopt strategies that enable them to adapt to changing market conditions, reduce their reliance on debt, and strengthen their financial position. Similarly, investors should diversify their portfolios, seek out safe-haven assets, and approach the markets with caution.
Munger’s warning is a timely reminder that the global economy is in a precarious state, and urgent action is needed to prevent a full-blown crisis. It’s essential for all stakeholders to heed his advice and work together to navigate the challenges ahead.
In conclusion, Charlie Munger’s last warning should serve as a wake-up call for all those concerned about the future of the global economy. The risks are real, and the potential for a worse-than-recession scenario is not to be underestimated. It’s time for decisive action to address the root causes of the looming crisis and to build a more resilient and sustainable economic future.
Miss you Charlie.
The worst recession ahead. At my age, l have learned to settle for what l have. Greed & jealousy are the two keys that will drive people crazy & keep chasing after the "wind". Go ahead. I am happy with my God & Jesus plan of Redemption. Keeps redeeming me by the day, learn to live in the norm. Trust Him
I think it's important to stick to stocks that are immune to economic policies. I'm looking at NVIDIA and other AI stocks. It seems AI is the trajectory most companies are taking, including even established FAANG companies. Maybe there are other recommendations?
He is right❤
What is worse than a recession?!
All relative, if you own a penny ,`all this doesn't matter
i stopped consuming back in 2020 except for essentials. and the habit has kind of stuck, and the desire to shop have vanished. i look back at my previous habits and realise i was being tricked out of my money, especially for branded goods like clothing. all the spare money i saved, i have bought silver and gold and buried it.
What a quote: I believe in doing as well as you can, and keep going as long as they let you. Excellent idea.
Stop with the Sky is falling. We are in a New World we can't compare what happened in Germany in the 1930's.
That's the beauty of Bitcoin….You don't need anything else when nobody can counterfeit the money.
Voice of reason to listen to. His and Buffet's record speaks for themselves.
Thank god Trump doesn’t want to borrow money.
Munger is definitely not purchasing anything in the next 18 months, so he is following his own advice.
Yuck
…from what I’m getting here, it’s the People who are the real gold. Talanted people where fine during the Depression because their investment was in their Eye to Hand coordination…..if one was physically able bodied. We need to produce things the world wants. As far as robots taking over, who then repairs the robot, or a dispensary machine at the computer run MacDonnalds? Also, if we don’t employ people anymore because robots do it all, how then therefore will any of the citizenry be able to purchase the product…..whatever that may be? This says it’s envy that makes for our underlining drive. This is fine, but it’s also the concept of laziness where one will only work for the clock on the wall, and no more. Where does this lead us? We seem to blindly putting all our eggs in the one basket of AI. AI still can’t spell the French word in a text. Nuance isn’t in the AI bank of thoughts, and it never will be. The human brain is still the best computer in every case. All AI does is copy whatever was ever fed into the system.
Lol
Our politicians, government employed and the military have bankrupted us and destroyed this nation.
Being an older guy myself I too remember the bust of the late 70 early 80s . It was ugly and really opened my eyes for the better.
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.
We experienced the peak of our era, and now it is gone. Recession is tanking everything including 401K. My retirement equities portfolio of $750K is in the reds. I keep losing because of inflation. This world will fall to the corrupt rulers in the same way that Rome did. I'm sorry if you're thinking about retiring and you're worried that your pension won't be enough to meet the rising cost of living. Horrible foreign policies everywhere, bad regulatory policy, bad fiscal policy, and bad energy policy.
OMG OMG OMG!! It’s time to SELL EVERYTHING AND MOVE TO CANADA!!
Not even gold or silver? Just holding on to cash?
If you are properly prepared and knowledgeable, every crash/collapse/inflation or recession gives an equal market opportunity. I've seen folks amass up to $800,000 throughout crises and even do it with ease in a terrible economy. Without a doubt, someone has become enormously wealthy as a result of the crash.
Thank you Charlie for your …parting ,sage advice
Mr. Charlie Munger is one of the Great American Success Stories . A straight talking Brilliant Investor ( Attorney and Scientist) , who would tell you what he Honestly thought….is a Rare find in a World of accomplished Deception and "self-serving" information and opinon…..Thank you, Sir for your Wisdom and your Service……Rest in Peace……
God bless you CM, you and WB always tell it like it is…
It surprises me why everybody gets really worked up about recession and inflation data. Inflation has always existed, and people have been using investments to beat the inflation. The stock market return, for example, always beats inflation. I heard of someone who invested $121k last October, and has grown the portfolio by more than $400k. I need recommendations that can give me similar return.
Buy silver ounce coins/bars or gold only what you can afford JP Morgen & Bezzo dumped alot of morgan shares and amazon shares on the market they know what's coming all the rich are buying preicous metals if you don't own it in your hand you don't own it. Don't trust any precious metals with the banks. Buy land to grow your own food make sure your mortage is paid of , start making plans buy seeds to grow food, start stockpiling food-seeds-medicine/first aid/ buy books on knowledge like how to make penicillin at home ect.. because of the internet might be down for good. Plan for the worst that can happend, always have a plan B if you have to flee. You can't Trust any Govenment that's been bought by a foriegn power wef?
It surprises me why everybody gets really worked up about recession and inflation data. Inflation has always existed, and people have been using investments to beat the inflation. The stock market return, for example, always beats inflation. I heard of someone who invested $121k last October, and has grown the portfolio by more than $400k. I need recommendations that can give me similar return.