Loading ...I just read the story. And for the first time in my life reading financial media, some person of high regard, blamed the financial system (bank and bankers and excess money creation, loans) for the reason we ended up with an Adolf Hitler. (hyperinflation)
However, I myself knew this, re common sense decades ago, how and why Hitler ended up in power. A Financial Banking Calamity. But nobody on the media ever mentioned it. Ask yourself. Why not!!????? The media always redirects people’s attention, so they watch the wrong ball. Is this the start? Will the Media start reeducating people, or liberals, about the danger of excess money creation to hand out like candy???
Parts of story below:
He added that the stock market doesn’t need to be as liquid as it is.
“It’s like a bunch of people getting drunk at a party,” Munger said, adding that it’s like a bunch of people getting drunk at a party and everyone is having so much fun that they don’t think about the consequences. You can argue the wretched excess of the ‘20s gave us the Great Depression and the Great Depression gave us Hitler, the 92-year-old mumbled, so “it’s serious stuff.”
Munger says they’d just need to find a way that makes the stock market less liquid.
- The current market excess is a problem… and led to Hitler in the past.
- Global warming fearmongering is overblown.
- Charlie Munger Says Fiat Currency “Going To Zero Within 100 Years” | ZeroHedge