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In this video, I discuss Munger’s recent interview, in which he warns of high inflation and US dollar devaluation, but somehow still finds reasons to hate Bitcoin.
Munger repeats the common Bitcoin FUD about Bitcoin being used for illegal purposes, being a speculative bubble, etc. He fails to see the irony of someone like him, who has benefited massively from the money printers and corrupt US banks, criticizing Bitcoin for these things.
Munger is also in favor of CBDC’s (central bank digital currencies), though he doesn’t seem to understand the difference between the current digital dollar and the surveillance properties of a future “FedCoin.”
Not investment advice! Consult a financial advisor.
Charlie Munger interview:
Munger hates Bitcoin:
https://sports.yahoo.com/warren-buffetts-business-partner-charlie-munger-bitcoin-disgusting-stupid-immoral-turds-202914916.html
Currency devaluation and the end of empires:
Christine Lagarde convicted:
https://www.bbc.com/news/world-europe-38369822
Wells Fargo launders drug money:
https://www.businessinsider.com/wells-fargo-banker-money-laundering-drug-cartel-sinaloa-mexico-2019-5
Warren “Bailout” Buffett:
https://www.businessinsider.com/warren-bailout-buffett-2009-8
https://www.wsj.com/articles/BL-DLB-23718
Richard Cantillon:
https://en.wikipedia.org/wiki/Richard_Cantillon
Coca Cola and diabetes:
https://www.nytimes.com/2018/07/14/world/americas/mexico-coca-cola-diabetes.html
Munger’s dystopian dorm:
https://www.fastcompany.com/90691841/how-to-design-a-humane-dorm-hint-dont-let-a-billionaire-do-it
Munger compares crypto to venereal disease:
https://www.marketwatch.com/story/charlie-munger-compares-crypto-to-venereal-disease-warns-of-inflation-danger-11645056607
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#Munger
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