He is one of the most brilliant investor the last decade. His purchase of a 10% stake in the chinese BYD about 10 years ago by Berkshire yielded a 5,000% return. AMAZING. I wish I followed him into BYD. I was too skeptical …….sigh.
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.
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.
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)
"In multiracial societies, you don't vote in accordance with your economic interests and social interests, you vote in accordance with race and religion." -- Lee Kuan Yew, founder of modern Singapore
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.
@@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)
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
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%.
Our world has 3 fundamental practices that are problematic. If we dont understand the root causes of a problem we will address the symptoms or the actors, not the causes. The 1st is that large private and Central banks have obtained the Exclusive franchise to create ALL new Currency as Debt, with interest attached. An increasing population needs an increasing currency, but it is all created as a debt bearing interest. This indebts the whole world, every person, every government, in totally unpayable debts, enslaving us all to bankers through personal debt or ever increasing excessive taxation, surcharges, permits, licences, registrations, regulations, fees, rates, duties, fines, levies, adinfinitum, of which an increasing volume goes straight to the debt creators, who created it for free. (At zero cost to themselves.) 2nd. Virtually no limitation plus fractional banking allows banks to create massive new Currency, blowing massive bubbles (housing/stocks) which devalues everyone's savings and work by raising all prices. The fix ? Stop all banks and financial institutions loaning out more than they have on deposit. Return legal currency creation to national treasury departments with a zero Inflation policy. This will not create inflation like some bankers/economists would like to have you think. It is not WHO creates currency that drives the constant devaluation of your money & work, it is THE VOLUME per population and productivity. The banks increased the base currency supply by over 45 % since March 2020. This is further multiplied by fractional banking. You can't spend it off planet, and we've had no increase in population or productivity. How can it not devalue our savings, wages and retirement funds by around 50% as it enters the economy ? 3rd. Fiat currency whether paper or digital has no intrinsic value, thus it cannot be used as a long term store of value, particularly in an ever expanding fiat system. The fix ? Return to constitutional Silver, Gold, Copper & Nickle currency, designated by weight not cents/dollars. These will find their own local value. These can't be printed to oblivion, have intrinsic value, and are a safeguard against selfish human nature. Continue to keep the manufacture of Gold & Silver rounds by private mints & foundries to help keep the government mints honest as to premiums. Correct these 3 Principles and >80 % of a nation's problems would disappear. Do not allow your masters the Debt slave creator's to tell you it can't be done. It is easily done. Beware. The WEF wants you totally enslaved with digital currency. Otherwise, prepare for destruction. Seek to understand these 3 practices. Check on if I have stated them accurately for yourself. Then Print this out, and share, Tweet, post. Only we can save ourselves ! These 3 paragraphs can change the world and get you and your family out of endless peasantry and serfdom.
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.
Here's a guy that's 99 years old who started investing in the 60's with his buddy Buffett and they got a big pile of money 190 years old between the two of them they NEVER made anything had a factory had a bunch of employees they just invested and played the markets and here they are no hobby's Buffets kids are estranged put on a suit and tie and talk about money. You give em 20,000 grand like they started with in 1960 and they can't make a billion in 10 years like they did. I'm glad for them they hit a strike but they're rich and that's it! Is that what you want? to sit there at 90 and talk money?
He's not wrong however a mono ethnic society usually equates to mono culture which has far more cohesion, the only thing holding America together at this point is just its wealth and when thats gone all hell breaks loose
🤣 Yeah Charlie Munger certainly wasn't made wealthy through diligent meritocratic means. He actually stumbled into a small cave filled with lost spanish doubloons, thats how he made his money.
@@extrof 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
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.
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.
He voted for Biden and now cry inflation. I hope his portfolio is destroyed and he goes to prison
@@interactive1178 Too bad he's not the president.
@@TT-em8wx He'd be no good, we elect people to lie to us, the truth's too much to bear.
@@ChrisPatrick-q6k True.
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
Deep insight.
LOL!
Lmao
he knows it's fucked.
Charlie is a genius.
Go Charlie
Charles always be spitting dem facts
Says it like it is and he is often right
Competition didn't cause the REAL ESTATE boom and Bust in Japan. It was poor economic policy.
Are you predicting real estate to crash in USA?
He is one of the most brilliant investor the last decade.
His purchase of a 10% stake in the chinese BYD about 10 years ago by Berkshire yielded a 5,000% return.
AMAZING.
I wish I followed him into BYD.
I was too skeptical …….sigh.
Just passively invest in Berkshire
Charlie got the knowledge on financial market
nice one Charlie, more of it sir
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.
He's right on all points. We could learn a lot from japan. About how to have a cohesive society.
Very difficult to compare Japan and the US. Everything is so different in Japan there is nothing like it.
Is it just me or is that not how single quotes work?
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)
"In multiracial societies, you don't vote in accordance with your economic interests and social interests, you vote in accordance with race and religion." -- Lee Kuan Yew, founder of modern Singapore
@@virtualpilgrim8645 no empire survived on diversity.
Is he saying that what happened to Japan (stasis) is probably enough to take us apart?
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.
Yup shits going to get bad, only hope now is to abandon ship really.
@@bobdole27 many of us don't have $ to move 😞
Yep that's what I see too...
Awful
@@susie6315 Only 2 months after I posted my comments and there's already talks of food shortages coming, up
So negative, Jesus.
Every time Charlie Munger talk I listen.
Cheer up Charlie
Me too
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)
what years of Japan is Munger referring to ?
Based.
What’s the solution to printing money, Charlie?
Well that was a big NothingBurger. A lot of words to say not much, and state the obvious about Japan.
Diversity is weakness is obvious, but mostly forbidden speech.
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
It's the same in all western countries. Suicides won't change it
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%.
@@vanillaexplosion99 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
What does an upside down demographic pyramid do to a society🤔
Reminds me how wide open borders destroyed Rome
Buckle Up Buckaroos there aint no gettinf of off this train
taking a vacation somewhere in nebraska omaha for their annual meeting anyways taking cookies from triple ddd companies 2 triple aaa
why he invested in BaBa not the Chinese ticker 9988 ?
Godsmack- Greed
I'm always up then they come. When I. Down they all hide out. Where do I go from me
Neva ben don befo.... like this. When it has been done, it ended bad.
how's your Alibaba doing?
mono ethic
Its a fiat currency... Its going to have inflation in the system..
Its just come to the fore lately ..
TrAnSiToRy 💵💵💵💵💵
Our world has 3 fundamental practices that are problematic.
If we dont understand the root causes of a problem we will address the symptoms or the actors, not the causes.
The 1st is that large private and Central banks have obtained the Exclusive franchise to create ALL new Currency as Debt, with interest attached.
An increasing population needs an increasing currency, but it is all created as a debt bearing interest.
This indebts the whole world, every person, every government, in totally unpayable debts, enslaving us all to bankers through personal debt or ever increasing excessive taxation, surcharges, permits, licences, registrations, regulations, fees, rates, duties, fines, levies, adinfinitum, of which an increasing volume goes straight to the debt creators, who created it for free. (At zero cost to themselves.)
2nd. Virtually no limitation plus fractional banking allows banks to create massive new Currency, blowing massive bubbles (housing/stocks) which devalues everyone's savings and work by raising all prices.
The fix ?
Stop all banks and financial institutions loaning out more than they have on deposit. Return legal currency creation to national treasury departments with a zero Inflation policy.
This will not create inflation like some bankers/economists would like to have you think. It is not WHO creates currency that drives the constant devaluation of your money & work, it is THE VOLUME per population and productivity.
The banks increased the base currency supply by over 45 % since March 2020. This is further multiplied by fractional banking. You can't spend it off planet, and we've had no increase in population or productivity. How can it not devalue our savings, wages and retirement funds by around 50% as it enters the economy ?
3rd. Fiat currency whether paper or digital has no intrinsic value, thus it cannot be used as a long term store of value, particularly in an ever expanding fiat system.
The fix ?
Return to constitutional Silver, Gold, Copper & Nickle currency, designated by weight not cents/dollars. These will find their own local value. These can't be printed to oblivion, have intrinsic value, and are a safeguard against selfish human nature. Continue to keep the manufacture of Gold & Silver rounds by private mints & foundries to help keep the government mints honest as to premiums.
Correct these 3 Principles and >80 % of a nation's problems would disappear. Do not allow your masters the Debt slave creator's to tell you it can't be done. It is easily done. Beware. The WEF wants you totally enslaved with digital currency.
Otherwise, prepare for destruction.
Seek to understand these 3 practices. Check on if I have stated them accurately for yourself. Then Print this out, and share, Tweet, post. Only we can save ourselves !
These 3 paragraphs can change the world and get you and your family out of endless peasantry and serfdom.
Maybe ask your oil companies to stop raising prices?
If the cost of production goes up then oil prices must necessarily go up… if not there would be no incentive to produce oil
they also are dealing with inflation
@@kevinsworld5088 While making record profits
@@rudy8409 oil companies had record profits in 2021, greed does not equal necessity
@Incomeking and stop eating?
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.
Racial & ethnic diversity is the definition of division. The US government did it by multi-racial immigration.
I didn't hear him say that. He simply stated the fact that the US is a multi racial society.
How on an earth did you hear that? 😅
I listened to you, I made $50.000 investments, if I go bankrupt, I will come to your grave.
Here's a guy that's 99 years old who started investing in the 60's with his buddy Buffett and they got a big pile of money 190 years old between the two of them they NEVER made anything had a factory had a bunch of employees they just invested and played the markets and here they are no hobby's Buffets kids are estranged put on a suit and tie and talk about money. You give em 20,000 grand like they started with in 1960 and they can't make a billion in 10 years like they did. I'm glad for them they hit a strike but they're rich and that's it! Is that what you want? to sit there at 90 and talk money?
Nice work liberals👍
Sounds like an ethno -nationalist.
He's not wrong however a mono ethnic society usually equates to mono culture which has far more cohesion, the only thing holding America together at this point is just its wealth and when thats gone all hell breaks loose
Which is good.
these are the people who've destroyed the planet. Let's ask them for their advice on how to fix it!
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.
🤣 Yeah Charlie Munger certainly wasn't made wealthy through diligent meritocratic means. He actually stumbled into a small cave filled with lost spanish doubloons, thats how he made his money.
@@small_blue_bird 🤣😂🤣😂
You are wrong, he was bankrupt at 32 and now has 2 billion, you don't do that by getting lucky
@@small_blue_bird lololol
@@extrof 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
This guy’s shelf-life has long since expired.