Charlie Munger's Latest Interview | Money Printing Economy Disaster Explained

Charlie Munger sat down with CalTech for a zoom interview. This is one of his few appearances this year. Topics include China, Money Printing, Inflation, the NASDAQ Bubble, and Quantitative Easing. I've summarized the 1+ hour-plus interview into a condensed 10 min video going over the more important topics specifically money printing and where the stock market is headed long term.

#investing #stocks #RobinHood

[johnlandau]

The actual inflation rate has been roughly 9% for the past 36 years. The government has been falsifying inflation statistics for all that time. The massive real inflation rate (see the Chapwood Index for documentation) is the real reason for the current depression, and also means that it will get steadily worse.

[averageman]

Charlie is a real soldier. The sharpness of his mind at that age amazes me

[pfschuyler]

The idea that inflation is low is false. Yes, various government statistics (I.e. CPI) have been manipulated and redefined to imply that inflation is low. But it’s an intentional ruse. The whole point of inflation metrics was to track affordability over time. So let’s do that with US households. 1970: US families could do fine with single income earners. A decent job would pay for your house, your kids education, and even the occasional vacation + some savings. 2000: single earners aren’t enough, in most households you now need both parents working to make ends meet. 2010: Most dual income families are struggling. Yes, they are paying their bills, but they are also going into debt. They are also engaged in more speculation vs. genuine productive investment. They are relying on their home’s appreciation and home equity. 2021: UBI is introduced because most households are drowning, and finally this is having a catastrophic carryover effect on the economy. Our true standard of living has been steadily declining for 50 years.

[UltimateBargains]

This currency printing (counterfeiting) is not remarkable; it is OUTRAGEOUS!

[careermodefifa]

Argentina its an example of bad management of monetary politics, and one everyone should use to learn what none should do.

[bernhardk]

Oh Charlie you’re not saying some important things here: CCP used its cheap labour rates to exploit its own workers for such a long time whilst it developed a middle class and business elite who smooched their way across the world to entice opportunists like Wall Street and your companies. At the same time this turning China into the worlds factory screwed so many workers in so many other places in the world-CCP had no problems screwing workers of all race and creed whilst it built its war machine infrastructure: so over time the world didn’t just feed its enemy it built them up into a new version of Nazi-ism. The same screwed over workers in empty factory’s around the world will become the cannon fodder for the next war as those interested in de-populating the world catch the poor between a rock and hard place by pushing those unemployed workers into the military in order to fight the next wars in STH China Sea/Taiwan or somewhere else. At least President Trump tried to stop this by shifting factories back to US or elsewhere. Those who voted Democrat will regret their actions and US might end up a military junta yet.

[chema_ramos]

The flag shown is Colombia's, not Venezuela 1:32

[colombiaje]

"Buncha communist Chinese." 😅

[smonkey]

If you ask the majority of people in China weather they're under communism or capitalism for the last 2 decades. They will say capitalism.

[Silvertarian]

About time someone of his stature comes out and says something.

[Hector]

1:27 "Venezuela" ... the flag shown is Colombia.

[Pinl]

This is like 80% the same video that I just watched on a different YouTube video.

[smartwalletandme]

The 10 year bond yields are beginning to rise putting pressure on stock prices. The market is fearing out of control inflation unless the Fed pumps more stimulus to bring those yields back down again. Inflation will ultimately come to bite us at the end at some point. There is no turning back.

[ivanlopes]

Nice video!!
You've made very good highlights on Charles interview :)

[kevinkang]

Doesn’t Berkshire invest in Apple? Now these are alarming times and unfortunately inflation will be on the rise 💸

[clarestucki]

The gov't fudges (understates) the inflation rate by eliminating food and fuel from the cost-of-living index. That's equivalent to eliminating the cost of seed and fertilizer from the "cost of farming" index, or the price of lumber from the "cost-of-building" index.

[lrg]

This is incredible content! Thanks for putting this together!

[justinborland]

What he will never admit that all fiat currencies are a poor store of value and will always go to their intrinsic value which is O. Silver and gold have always been an excellent store of value and will return as real money.

[mikeofallon]

We're in DEflationary times. Small businesses & their employees struggling. Without money printing prices would fall - something the Fed won't allow to happen.
And I'm a gold-standard free market guy opposed to fiat currency.

[BBones-wy]

I wish at least journalists knew that there should be a date on the video. What do they teach them in school?