Charlie Munger -Vice-Chair Berkshire Hathaway: Inflation is the biggest long range danger we have other than nuclear war,inflation gave rise to Hitler

[basquebromance]

Lol.

Charlie Munger: Inflation is bad, like democracy-killing bad, second only to nuclear war.

Host: Um, so, do investors have to be worried tho?

https://www.youtube.com/shorts/C1dETaUfVdA

 

[Grumblenuts]

Our investment in Just In Time -- J.I.T.-- ideology combined with global outsourcing has finally come to a head. Climaxed, if you will. Now we can't do shit for want of parts. Hurry up and wait.. Of course prices are going to go up!

 

[Moonglow]

Lol.

Charlie Munger: Inflation is bad, like democracy-killing bad, second only to nuclear war.

Host: Um, so, do investors have to be worried tho?

https://www.youtube.com/shorts/C1dETaUfVdA

When have we never had inflation? It is rich bastards like the guy in the OP who has developed the system to be inflationary and to offshore jobs and to buy products from China or any cheap port.

 

[pknopp]

A few have been noting this was going to happen for years. Even though the Fed knows it is happening and knows what it needs to do, they are still pumping. Wall Street runs the country and Wall Street gets whatever it wants.

When the dollar becomes worthless they will be quick to divert into some sort of crypto unlike most people.

 

[Moonglow]

A few have been noting this was going to happen for years. Even though the Fed knows it is happening and knows what it needs to do, they are still pumping. Wall Street runs the country and Wall Street gets whatever it wants.

When the dollar becomes worthless they will be quick to divert into some sort of crypto unlike most people.

Yes, the fed seems to be doing nothing and plans on doing nothing.

 

[pknopp]

Yes, the fed seems to be doing nothing and plans on doing nothing.

What they are doing is making it worse.

 

[Moonglow]

What they are doing is making it worse.

It merely shows they are part of the problem because greed is like any other addiction.

 

[ColonelAngus]

Inflation is an existential threat….unlike manmade global warming, its real.

 

[Darkwind]

... and the excuse-making begins.

 

[Moonglow]

Billionaire Charlie Munger: Critics of the ultra-rich 'motivated by envy'​

Billionaire Charlie Munger: Critics of the ultra-rich 'motivated by envy'

Billionaire investor Charlie Munger on Wednesday acknowledged worldwide "tension" over wealth inequality but said critics of the ultra-rich are "motivated by envy."

finance.yahoo.com

 

[maybelooking]

Inters rates start going up in March. This time next year things will be really bad.

 

[Grumblenuts]

Billionaire investor Charlie Munger on Wednesday acknowledged worldwide "tension" over wealth inequality but said critics of the ultra-rich are "motivated by envy."

Of course he did. Shameless greed is shameless.

 

[gipper]

Lol.

Charlie Munger: Inflation is bad, like democracy-killing bad, second only to nuclear war.

Host: Um, so, do investors have to be worried tho?

https://www.youtube.com/shorts/C1dETaUfVdA

What? He says inflation is bad. Then states the danger is when a populace learns it can vote itself money. Isn’t that two different things?

When has the populace voted itself money?

It seems to expose him as a tone deaf billionaire. Has he ever moaned about the trillions spent on the war machine or corporate welfare?

 

[Mac1958]

The supply chains are still a long way from being fixed. Ultimately the Fed may need to just stomp on demand.

That sure would suck, but it is what it is right now.

 

[basquebromance]

Americans more concerned about ‘Joe-flation’ than Ukraine