#CharlieMunger #inflation #CharlieMungerinflation
Daily Journal Chairman and Berkshire Hathaway Vice Chairman Charlie Munger discusses inflation issues and answers questions at the annual Daily Journal shareholders’ meeting.
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Go Charlie
charlie lookin like an older version of Bubbles from trailer park boys
Stop
Actaully, he is a twin to sleepy Joe only he is more lucid. FJB
Me too
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We’re sitting in shades today because someone has planted trees long time ago. -Warren Buffett
@cpgone You know its hilarious when you go through most of these clips and there are literal bots promoting some of these day traders and selling the dream of becoming rich easily. Many will be fucked.
America 🇺🇸 is rigged in favor of the 1% these trust fund babies loved when government printed money 💰 to bail them out. Now its bad, the crony crapitalists are going to blame government monetary policy as the crony crapitalists deploy the financial tool 🔧 called inflation to squeeze working Americans. In 2023 and 2024 the crony crapitalists will start talking about entitlement reform. I.E. they are coming for working Americans social security
Maybe ask your oil companies to stop raising prices?
Maybe tell your people to drive less?
@Kevins World While making record profits
@Rudy oil companies had record profits in 2021, greed does not equal necessity
@Incomeking and stop eating?
@Tre Car And how much would a gallon of gas cost if oil companies made no profit and sold petro products at cost of production? Look the profits oil companies make is a pittance of the retail price of petro products. Without ever new petroleum technologies being developed petroleum products would increase at even higher rates(the amount of crude on this planet is nearly static and more difficult to find extract overtime) and with NO profit incentive I suspect new petroleum extracting knowhow would settle to zero.
Is it just me or is that not how single quotes work?
This guy’s shelf-life has long since expired.
Who this ? another old man who got lucky by getting in the market when he did, most likey with a huge start from family and friends money.
@G N lololol
@Jake Scott rich folks file for bankruptcy all the time as a business strategy man…he grew up un Omaha , nothing more needs to be said..but ontop of that..he was family friend with warren buffet as kids…sooo yeah…by the way, warren buffet family was very well off ..90% of these people are not self made
@Sekou Smalling he wasn’t in involved in business when he filed for bankruptcy. He spent all his savings helping his son get cured from leukemia. But as he says, he’s a survivor, not a victim.
Sekou Smalling: What an ignorant little comment.
@Jake Scott Jake you know Sekou is a “modern” liberal.
“Modernity is a tribe of pygmies furiously trying to bury the Giants that came before them so as not to feel inadequate.”
J. Alden Flemming
Its harder to run a multi ethnic country because your people want the claim everything that is good and great for themselves, control all the capital and cry about becoming the minorities when you loose .001% stake ownership of something that you control 99% of already
So…we are basically a bunch of cry babies during tough times and the Japanese take it on the chin?
Compared to Japan yes we are a bunch of crybabies.
Guess how much immigration Japan allows?
@cpgone And the immigration that Japan allows is typically visually indiscernible from the native population. So in a generation the offspring of these new imports will speak Japanese, have a Japanese accent, eat Japanese food and will look like every other Japanese that ever lived on the big island.
Imagine if the new worlders had the agricultural machines of the modern era before slavery was ever brought to the new world? I imagined and I mentally see a big Switzerland we call the US of A today(what a paradise it could have been)
I’m always up then they come. When I. Down they all hide out. Where do I go from me
Godsmack- Greed
Glad to see Charlie is lucid as ever. I hope he lives at least 20 more years, he’s got a lot of knowledge to share with us.
Well said.
Its a fiat currency… Its going to have inflation in the system..
Its just come to the fore lately ..
We are fucked. We are on the steps towards Venezuela, every step we are taking it crumbles behind us. No way going back just forward towards hyper inflation.
Charlie is a genius.
We’ve spent $6 trillion within the past one year. That amount of money spending by a single nation has never been done before. Not in such a short amount of time. This after we were already $28 trillion in debt. There is no plan to pay any of this off! Politicians promised the moon and instead we will get starvation, increased homelessness, breadlines. The chickens have come home and they brought the Piper with em! Good luck out there folks. Gonna need it.
Correct. Brenton Woods act, Jekyll Island, Nixon removing gold standard and seizing citizens gold, fed reserve (private shareholder bank) robing Americans with money police (irs)
Wipe out all the non-whites, I guess
Competition didn’t cause the REAL ESTATE boom and Bust in Japan. It was poor economic policy.
Munger just suggested that the blacks should shut up and take it all in stride. And he seems to have gotten away with it.
Correct. Munger is the Eletist Establishment class. You are the working class, and divided to conquer! Easier for fed reserve to fleece the people, Brenton Woods act, Nixon August 15, Citizens gold confiscated,
Elites rule the horde of workers by division and distraction. Black vs white, vs Hispanic, vs oriental, vs hillbilly, vs southern, vs Yankee, city people vs country, coast line vs flyover, democrat vs republican in name only, middle class vs poor,
Time to be Americans,
Even the city people, neighborhood vs neighborhood, block against block,
The country people, farmers vs ranchers vs lumber vs fishing. Farmers division, small grains vs row crop vs lental n beans vs fruit n berries.
Then Government regulations to rob the family business, Only Corporate Mega company survive. Neighborhood grocery out of business, then Walmart owns the neighborhood.
# YAHOO: [Munger] CLEARLY sees Inflation NOT going anywhere in DECADES Ahead and Offered this DISCOURAGEMENT to Anyone looking to “Parking” THEIR MONEY in Currency for LONG Term: “I think the SAFE Assumption? for an INVESTOR is that over the Next HUNDRED Years, the CURRENCY is GOING to ZERO,” “That is MY working hypothesis.” BERSHIRE HATHAWAY is BROKE! peace
This current Fed is the worst in history.
These guys are utter idiots.
how’s your Alibaba doing?
Every time Charlie Munger talk I listen.
It’s only around %7 in there and Charlie scares about it. But it’s more than %40 in Turkey and Argentina
The way US inflation is calculated has changed around twenty times since 1980. Inflation is considerably higher than 7% in the USA. Even the Dollar Tree(7,800 stores) just increased prices across the board by 25%. My home owners insurance increased by 40% this year. I know tire prices are up 20%.
@vanillamasterblaster Actually same as Turkey.
I think real inflation in Turkey is %80.
When we calculate energy and food price we can see it clearly.
And most Americans could retire well in Argentina and retire in their 40s…. Cheap cheap cheap
Charles always be spitting dem facts
That’s an important point: Japan has been using QE for decade(s), and doesn’t have the inflation problem everyone thinks it should have. Quantitative easing is more complex than photos of JPowell printing money.
But it has a staggering debt to gdp ratio. Either way I don’t think perpetual QE can lead to something good.
Yes, there’s a term for the misconception that printing money, in and of itself, will cause prices of consumer goods to rise: immaculate inflation. Unless the money makes it to the average consumer in the form of higher real wages, there’s no increase in demand, and therefore no reason for prices of consumer goods to go up.
facts
Charlie is a genius.
Charlie got the knowledge on financial market
nice one Charlie, more of it sir
what years of Japan is Munger referring to ?
quick.. Guess how much immigration Japan allows?
Diversification is our strength?
TrAnSiToRy 💵💵💵💵💵
Is he saying that what happened to Japan (stasis) is probably enough to take us apart?
Cheer up Charlie
Printing money in excess of production is nothing more than the stealing of money for the purpose of redistributing wealth.
I guess it’s not acceptable to just say it. In the long term it diminishes people’s opportunities and ruins the country.
If the government can print it the government can steal it.
As you can see we are in the month of February and I feel
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This guy is almost 100 years and his brain still works like a machine. On the other side Joe Biden looks terrible and he is 80.
Diversity is a weakness, always has been throughout history. Unity is strength, which comes from cultural coherence and social cohesion. Japan has unity. The US has diversity delusion and race fetishism.
A 98 y/o who can talk like this must have been a powerful voice in his younger days.
He was a real estate attorney when he was younger.
Sounds like an ethno -nationalist.
Well that was a big NothingBurger. A lot of words to say not much, and state the obvious about Japan.
“But but but diversity is our strength”
In other words, diversity is nobody’s strength. It
Racial diversity(actually should be spelled DIEversity) never occurs naturally but rather is the result of empire building through land conquest and imported slavery. Ethnically diverse empires require powerful government that use overwhelming force, when need be, to keep the empire cohesive. When empires become economically weak they typically dissolve through civil strife, invasion and breakaway territory that separate from the empire to form ethnostates.
Civilizations mature and decline on a macro scale in very much the way and an individual is born then matures and eventually declines and dies thus representing the micro scale of this natural process(As above, so below)
Based.
“Diversity is our strength”. The lie of the century is about to be exposed.
Wut? Diversity is not a strength?!!!! Who knew?!! Well, any non-retard. Stick a fork in it. The United Snakes is done.
he knows it’s fucked.
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There has been crazy inflation in Japan but the official stats dont show this… that is why young people are committing syicide and dont have money to get their own home and start a family. The nation is dying