'It's Already Too Late, Things Are Getting Serious' | Charlie Munger warns US Dollar 2023 Inflation

Charlie Munger warns about inflation and a horrible financial crisis. He sees the tough times coming for the economy, potentially even worse than the Volcker-style recession from half a century ago. 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, Money printing, rationality, and life experience.

Charlie Munger warns about the danger of inflation and how history has shown that too much money-printing could lead to a dictator or a demagogue. He cites the example of Germany's Weimar Republic and advises against the politicians and the Federal Reserve's easiest solution of printing more money, which could be dangerous in the long run. Despite the current economic situation, Munger remains optimistic about the competency of our technical civilization and acknowledges the tremendous achievements made in the last 200 years. Munger also discusses the concept of envy and how it drives human behavior, advising people not to indulge in pretentious expenditures. Additionally, he suggests that individual investors choose the least bad option and avoid diversification, stating that having four good assets is better than aiming for 20.

If you find this video helpful, please forward it to a friend! For videos about investing, business, the stock market, money management, wealth creation, passive income, and other financial topics, think about SUBSCRIBING to the channel.
@startearlytofailearly

┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈

⫸Special Thanks To:
- Andrew Serwer & Yahoo Finance
- Becky Quick & CNBC

🎥We own commercial licenses for all the content used in this video except parts about the topic that have been used under fair use and it was fully edited by us (SETFE). For any concerns, business inquiries or content Please Feel Free contact us via email in the "About" section of the channel. All information is provided strictly for educational purposes. It does not take into account anybody's specific circumstances or situation.

┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈

❇ RELATED VIDEOS ❇

The Disturbing Details Of The 2023 Housing Crash (Explained In Detail)

It's Over: China Just Broke The US Dollar

"It's Already Too Late, Things Are Getting Serious" Charlie Munger's Last WARNING

Age of Easy Money (full documentary) | FRONTLINE

Is It Over for the US Dollar? - SPECIAL EPISODE - Robert Kiyosaki, Andy Schectman

Charlie Munger: How to Survive the 2023 Recession

Charlie Munger DESTROYS Poor People

Charlie Munger - The Man Who Built Berkshire Hathaway | A Documentary

Charlie Munger Makes A Scary Prediction

Warren Buffett and Charlie Munger on picking winning stocks, businesses and more: Yahoo Finance

The Berkshire Empire: Hidden Truth of Buffett and Munger's Success | 2023 Documentary

LIVE Charlie Munger On BYD, Tesla, Alibaba and Bitcoin - Daily Journal's Shareholders Meeting - 2/15/2023

"It's Already Too Late, Things Are Getting Serious" | It's Over: China Just Broke The US Dollar - Is It Over for the US Dollar?
#usa #inflation2023 #usdollar
#charliemunger #recession

[Staro]

Charlie Munger is totally right about 2023 US dollar inflation.
We all can see some effects in sector of work.

[SHUBHAM-dszm]

This is financial advice and I never give financial advice: DONT LEAVE DURING THE BEAR. If you don't want to invest...learn. If you don't want to learn...build. If you don't want to build observe. DO SOMETHING...other than leave. There is so much opportunity here.
Take advantage!🙏

[gwarlow]

2:28 I think you are giving politicians a lot more credit than they deserve. Most are out for themselves, not for the “greater good”.

[MarshHouse]

How does Munger not see that this is bullish for bitcoin.

[aji]

In light of the impending recession and the fact that inflation is still far higher than the Fed's 2% target, several of the most prominent market analysts have been expressing their views on how terrible they believe the next downturn will be and how far stocks may have to fall. I need advice on what investments to make because I'm attempting to create a portfolio for my children that will at least be $850k in value.

[pajamapants]

In light of the impending recession and the fact that inflation is still far higher than the Fed's 2% target, several of the most prominent market analysts have been expressing their views on how terrible they believe the next downturn will be and how far stocks may have to fall. I'm looking for recommendations on what investments to make because I want to amass a portfolio worth at least $850k by the time I'm 60.