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Charlie Munger Predicts Horrible Economic Crisis Where Everything Will Collapse

16 points by inetsee 4y ago

WheelsAtLarge 4y ago
Best quote by Munger, "The world is not driven by greed, it's driven by envy." To start, this explains why social media, and such, can be so nasty and why many of us are never completely satisfied with what we have. It's a good video to watch.
- rufius 4y ago
  see also: the theory of mimetic desire[0] [0]: https://en.m.wikipedia.org/wiki/Mimetic_theory https://en.m.wikipedia.org/wiki/Mimetic_theory
  - WheelsAtLarge 4y ago
    It's funny, once I heard the Munger quote it made so much sense and it sounded so obvious, yet I would have never thought of it on my own. Thanks for the link.
michaelwww 4y ago
Despite the sensationalist title, this is an excellent video filled with very good advice. Munger describes how civilizations collapse. He specifically says he doesn't predict these things. He tries to make money at high tide and low, at night and at day. He goes out of his way to say he's not a prophet.
afpx 4y ago
If you look at the youtuber account history, you see the fear posting. Who’s paying to shill this stuff?
- 1letterunixname 4y ago
  Anyone who automatically trusts non-MSM as somehow superior, a priori.
mikewarot 4y ago
For every complex problem there is an answer that is clear, simple, and wrong. -- H. L. Mencken The assumptions underlying Charlie's view of the world are invalid. They assume globalization will continue apace, with "the free market" solving all woes. Nothing could be further from the truth. I think that Peter Zeihan[1], Nate Hagens[2], and Daniel Schmachtenberger[3] are far better guides to the current societal transformations taking place. What's happening will have huge economic effects, not causes. [1] https://zeihan.com/meet-peter-zeihan/ https://zeihan.com/meet-peter-zeihan/ [2] https://www.thegreatsimplification.com/about https://www.thegreatsimplification.com/about [3] https://civilizationemerging.com/about/ https://civilizationemerging.com/about/
throwawaymanbot 4y ago
1letterunixname 4y ago
The title of this piece is clickbait and inaccurate compared to the content. And low quality media source. The speaker is credible (being CM, but it assumes it's an entirely authentic video). This is partly a redux of the ideas of Chalmers Johnson but extends farther into macro economics, history, and current events. https://www.youtube.com/watch?v=Q2CCs-x9q9U https://www.youtube.com/watch?v=Q2CCs-x9q9U It's also doom prediction, in the spirt of people like Thom Hartmann.

16 points by inetsee 4y ago

Best quote by Munger, "The world is not driven by greed, it's driven by envy." To start, this explains why social media, and such, can be so nasty and why many of us are never completely satisfied with what we have. It's a good video to watch.

rufius 4y ago
see also: the theory of mimetic desire[0] [0]: https://en.m.wikipedia.org/wiki/Mimetic_theory https://en.m.wikipedia.org/wiki/Mimetic_theory
- WheelsAtLarge 4y ago
  It's funny, once I heard the Munger quote it made so much sense and it sounded so obvious, yet I would have never thought of it on my own. Thanks for the link.

michaelwww 4y ago

Despite the sensationalist title, this is an excellent video filled with very good advice. Munger describes how civilizations collapse. He specifically says he doesn't predict these things. He tries to make money at high tide and low, at night and at day. He goes out of his way to say he's not a prophet.

afpx 4y ago

If you look at the youtuber account history, you see the fear posting. Who’s paying to shill this stuff?

1letterunixname 4y ago
Anyone who automatically trusts non-MSM as somehow superior, a priori.

mikewarot 4y ago

For every complex problem there is an answer that is clear, simple, and wrong. -- H. L. Mencken The assumptions underlying Charlie's view of the world are invalid. They assume globalization will continue apace, with "the free market" solving all woes. Nothing could be further from the truth. I think that Peter Zeihan[1], Nate Hagens[2], and Daniel Schmachtenberger[3] are far better guides to the current societal transformations taking place. What's happening will have huge economic effects, not causes. [1] https://zeihan.com/meet-peter-zeihan/ https://zeihan.com/meet-peter-zeihan/ [2] https://www.thegreatsimplification.com/about https://www.thegreatsimplification.com/about [3] https://civilizationemerging.com/about/ https://civilizationemerging.com/about/

throwawaymanbot 4y ago

1letterunixname 4y ago

The title of this piece is clickbait and inaccurate compared to the content. And low quality media source. The speaker is credible (being CM, but it assumes it's an entirely authentic video). This is partly a redux of the ideas of Chalmers Johnson but extends farther into macro economics, history, and current events. https://www.youtube.com/watch?v=Q2CCs-x9q9U https://www.youtube.com/watch?v=Q2CCs-x9q9U It's also doom prediction, in the spirt of people like Thom Hartmann.