Charlie Munger warns about money printing & high inflation consequences. He elaborates on several events from history where terrible things were caused by inflation. Mr. Munger also explains why Berkshire Hathaway is holding so much cash and gives advice on how to protect yourself from the devaluation of a currency that, according to his “safe assumption” is going to zero over the next 100 years.
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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► Music:
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“Prepare Now, Huge Inflation Is Coming…” — Charlie Munger’s Last WARNING…(read more)
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Huge danger when you have corporations that can buy influence and tax breaks
10:43 "The world is not driven by greed, it's driven by envy".
greed is every were
It is always greed
Cheers…music could be quieter.
Gona loose????
I am so excited for the public recognition that democracy was never alive.
Music is very off putting
I won't be as I don't hold stocks
We can survive without money planting and farming on land fishing at sea etc only worries for those who rely on money.
You can thank democrats for inflation. They’re like little kids blowing their allowance and then printing money like it grows on trees.
Just read Thomas Jefferson opinion on banks being more dangerous than standing armies.
Allah swt said:
"And indeed he (man) is, in love of wealth, intensely."
…. Well it does not always avail a good outcome unless managed in the best way, along with charity
This was all planned.
Please drink a gallon of water and wash that Bull Frog down your throat. Also, don't look at the sun wearing those magnifying glasses. RIP. 🙂
T
Whooooooshhhh!!!!
Politicians should focus on financial wealth growth not just on economic population growth. Printing money cause many problems.
Inflation is good for country, the people will more healthy because they will eat less and good for environment because the people will drive less
Lot of wisdom in this video. Wisdom comes from parents, our elders and especially from God. Robert Castello Dixie General Store Heflin Alabama
Don't envy others just be grateful for what you have. Here's a true story for you i heard about recently. A tycoon worth nearly 34 billion pounds unfortunately was diagnosed with an incurable tumour. So, imagine that you could swap places with him and have all that money but also the incurable tumour. No thought not.
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Normalmente quando escuto isso de um grande investidor o que entendo é isso: estou me preparando pra comprar.
Brilliant analysis, however the very evil’s Charlie suggests, “pretentious expenditure “, are some of the biggest organisations owned by HIS AND WARREN’S company. Sage advice, if you’re on the right end of it.
Let not get over excited folks the sun will rise anain in the morning next week month year and the birds will sing Look to the positives in life as it is short
If you have a technical civilization and people haven't developed enough morally or ethically to guide it, you're in trouble. And that is what most don't see yet that we have world wide. And I think often the response is that mother nature will rebel against it with some disasters.
this guy is older than asbestos,vey sick
Great. I'm looking forward to a big wipe out. Time for a reset. Mama nature knows more than Mr Buffet n co
Munger is a legend. What an amazing video
Too many humans on the planet… plain and simple
With too many people come too many problems
We have destroyed our planet
Now we should be destroyed….
We are in the last days, bad times are coming. I mean really bad times. Jesus is your only hope.
Inflation is a great way to disappear debt.
What good is money when you can’t see it I bet he would give half his fortune for new eyes
When you have all the marbles no one will play. The marbles are useless
As long as they keep printing money and change the narrative accordingly we will be fine
This cycle keeps everything turning
I disagree as well with ppl are fat and not starving – you can be very fat and getting zero nutrition, so technically the fat are starving they just don’t know it – their brain and body’s are starving of vital nutrients and it will kill them eventually through comorbid diseases it’s just not lack of access
I disagree with ppl won’t work because money was thrown too much at them –
I believe ppl see the dollar as not worth enough to go in to work – and decided to stay with parents –
If millennial population is 90 million conservatively and calculated only 50% are working those are pathetic numbers !
My grandfather ALLWAYS said that all you need is a roof above your head and food in your belly a some coal for your fire and a happy family what more do you need nothing and I know that he was right. Everyone in this world is trying to KEEP UP WITH RICH PEOPLE AND SPEND A LIFE TIME PAYING FOR IT. I live by my grandfather words my money is all my own I owe nothing to to no one and have money to help my family when needed and we are all living a good life
Munger won't be wiped out it is the rest of us.
I want that poster on my wall!
There is a serious problem with this message. Normally, you fight inflation, by raising interest rates. That would have made sense 6 months ago. However, now you have bigger problems. A climate alarmist energy policy disaster. The war in Ukraine is also becoming an ever expanding disaster. The United States is hiking rates, and killing the middle class. The Russian Ruble is getting stronger. Putin is lowering interest in Russia and building wealth in his country, taking advantage of the utter stupidity and vulnerability of American wokeness.
one of the best speeches I have ever had the pleasure of hearing.
LET DEMOCRACY DIE !……AND IMPEACH THE BEAST !
History is repeating itself….I see a total Collapse within 2 yrs…been preaching it since 2008…well here we are…Hang on …1929 wont be nothing compared to Now
Politicians are NOT making these decisins…THEY ARE BEING FORCED TO MAKE THESE DECISIONS!!!! WAKE UP….who was the first people group Palpatine got rid of once he started to take power? The BANKERS!!!!! WAKE UP you fools!!!! REPENT AND BE SAVED!
SUCH a hypocrite….the nation of America isn't printing money…THE FED is printing money! Wake up…this is all part of a systematic plan. How do you believe the man of sin is going to take over the world?
Charles Munger for Fed chairman.