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Charlie Munger: Gold Is For Holocaust-Era Jewish Families To Sew Into Their Garments; Civilized People Don't Buy Gold

Tyler Durden's picture





 

While Becky Quick's CNBC interview with the Charlie Munger has a little for everyone to love and hate (from Keynesian-doctrine to easy-living-Greeks and Bad-trading-robots), Buffett's right-hand was particularly eloquent in his views (at around 9:08) on Einhorn's distrust of the Fed and buying Gold: "gold is a great thing to sew onto your garments if you're a Jewish family in Vienna in 1939 but civilized people don't buy gold - they invest in productive businesses." End quote.

It is actually funny, because years ago, someone warned us precisely about crony capitalist creeps such as this one:

"I warn you that politicians of both parties will oppose the restoration of gold, although they may outwardly seemingly favor it, unless you are willing to surrender your children and your country to galloping inflation, war and slavery then this  cause demands your support. for if human liberty is to survive in America, we must win the battle to restore honest money.  There is no more important challenge facing us than this issue -- the restoration of your freedom to secure gold in exchange for  the fruits of your labors."

Where did the warning come from?

The father of the man who made Charlie Munger richer than he certainly deserves to be: Howard Buffett.

 

 


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Fri, 05/04/2012 - 15:23 | Link to Comment Randall Cabot
Randall Cabot's picture

What's the holocaust? Did they ever make a movie about it?

Fri, 05/04/2012 - 15:24 | Link to Comment Id fight Gandhi
Id fight Gandhi's picture

Something about da joos, I think.

Fri, 05/04/2012 - 15:30 | Link to Comment CIABS
CIABS's picture

It's true that the people who own most of the gold don't qualify as civilized.  Is that what he meant?

Fri, 05/04/2012 - 15:33 | Link to Comment Doubleguns
Doubleguns's picture

This barbarian would love to swing a sock full of barbarious relic up side his head.

Fri, 05/04/2012 - 15:37 | Link to Comment Ahmeexnal
Ahmeexnal's picture

Someone should carve a swastika on his fat, greasy, bald, hollow (or is it full of shit?) head.

Fri, 05/04/2012 - 15:55 | Link to Comment Manthong
Manthong's picture

He’s got a point..

Oven manufacturing was a productive business in 1939 Germany.

It seems like contemporary middle class America might have some things in common with pre-Holocaust Jews.

Fri, 05/04/2012 - 15:56 | Link to Comment Popo
Popo's picture

Charlie doesn't realize that it's basically 1939 and we're all Jewish.

The only question I have is what manner the confiscation will come in:  Will they actually pass a law forbidding ownership, or will they tax all gold sales and exports at 90% thereby confiscating its value.

 

 

Fri, 05/04/2012 - 16:00 | Link to Comment French Frog
French Frog's picture

Charlie Munger, you're a cunt and you're lying through your teeth

Fri, 05/04/2012 - 16:06 | Link to Comment Vampyroteuthis ...
Vampyroteuthis infernalis's picture

I am still searching for that productive business. What to invest in?

Fri, 05/04/2012 - 16:25 | Link to Comment knukles
knukles's picture

So central bank gold hoards make host nations barbarians.  Que up international criminal courts to prosecute barbarian's extra judicial murder, wars, etc.

qed

Fri, 05/04/2012 - 16:54 | Link to Comment fuu
Fri, 05/04/2012 - 17:19 | Link to Comment Likstane
Likstane's picture

Haters gonna hate, stackers gonna stack.     

/credit fuu

Fri, 05/04/2012 - 17:32 | Link to Comment Pladizow
Pladizow's picture

They should both die already!

Fri, 05/04/2012 - 18:01 | Link to Comment SGS
SGS's picture

1939?  Try 1933.  1939 was WAYYYYY to late, just like how 2013 will be.

Fri, 05/04/2012 - 18:09 | Link to Comment BigJim
BigJim's picture

Exactly. Gold is for 'pre-holocaust' Jews? What? The Jews knew the Holocaust was coming? No, because if they had, they would have fled Europe before they needed the gold that enabled them to get out.

Fri, 05/04/2012 - 19:46 | Link to Comment HoofHearted
HoofHearted's picture

Holy shit. These people don't realize that we're not trying to make a killing here. We're just de-leveraging all the risk and getting into the only currency that will mean anything very soon. Of course if you have Obama's pecker in your pocket, then you'll know how to pick the correct stocks. (hat tip to LBJ on his quote)

No civilized people keep FRNs in their bank accounts. Dumb asses Munger and Buffett. If you want something that will make money consider FAZ or shorting the biggest of banks. BAC, for instance.

Fri, 05/04/2012 - 20:07 | Link to Comment AldousHuxley
AldousHuxley's picture

civilized people don't do guerilla fighting against proper British redcoat army.

civilized people don't kill off native americans and corner them in "reservations" like zoo animals

civilized people don't enslave blacks

civilized people don't use chinese to build railroads and then kick them out of the country

civilized people don't use illegal mexicans for cheap slave labor

civilized people don't buy stuff made in china with factory slave labor

civilized people don't carry guns to rallies

 

well, Munger, American wealth and prosperity was built with uncivil means. Your financial dabbling was all supported by Americans boots on the ground in other countries for god sakes!

 

 

Fri, 05/04/2012 - 20:31 | Link to Comment jwoop66
jwoop66's picture

That is seven tired cliches in a row!!!   You should get some sort of award or at least a sticker for that one!   I feel like I'm back in sociology 101 again!  

The man is keepin me down.... man...

Fri, 05/04/2012 - 22:23 | Link to Comment strannick
strannick's picture

Gramps is really getting out of control. While he's indirectly slurring Einhorn for being a gold loving Jew, he forgets that even the less swarthy German was buying gold a few years before under Weimar.

Golds beaten Berkshire for the last 11 years straight, and like Einhorn said, it just sits there, so you dont have to listen to bitchy old geezers spouting off in Omaha

Fri, 05/04/2012 - 22:30 | Link to Comment akak
akak's picture

In Charlie Munger, I think we have found the long-lost father of the illegitimate bastard who passes under the name of Jon Nadler.

Sat, 05/05/2012 - 00:44 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Rosenfelt did it to you all last time. Hammered gold AND gold holding.

It can and will be legislated agian. No way aroung that. But they cannot legislate against silver.

That is the key I feel. Too much Silver, spread out far and wide compared to gold. Add to that of course the fact that gold had maddened monarchs for-ever. Why?

Egypt's power was all about Nubian Gold.

Why?

ori

/heads-up-the-biggest-supermoon-in-years-and-a-venus-transit/

 

Sat, 05/05/2012 - 01:05 | Link to Comment derek_vineyard
derek_vineyard's picture

the bifocals seemed so fitting

Sat, 05/05/2012 - 02:40 | Link to Comment Oh regional Indian
Oh regional Indian's picture

America: Sucker's for Avuncularity.

ori

Sat, 05/05/2012 - 08:07 | Link to Comment Bicycle Repairman
Bicycle Repairman's picture

I didn't know that Mr. Munger was still with us.

Sat, 05/05/2012 - 08:08 | Link to Comment Bicycle Repairman
Bicycle Repairman's picture

Why would gold have caught is attention?

Sat, 05/05/2012 - 08:09 | Link to Comment Bicycle Repairman
Bicycle Repairman's picture

Is he worried about gold?

Sat, 05/05/2012 - 08:10 | Link to Comment Bicycle Repairman
Bicycle Repairman's picture

It is dificult to build a prosperous enterprise these days.

Sat, 05/05/2012 - 10:32 | Link to Comment Trimmed Hedge
Trimmed Hedge's picture

So just how skinny do these posts get..?

Sat, 05/05/2012 - 13:29 | Link to Comment Bicycle Repairman
Bicycle Repairman's picture

Just pushing the envelope.  I WonderIfMrMungerWouldBeImpressed?

Sat, 05/05/2012 - 05:04 | Link to Comment cpzimmon
cpzimmon's picture

I thought that I was the only one who knew that.

 

Sun, 05/13/2012 - 08:04 | Link to Comment ilion
ilion's picture

A week ago I listened on radio to one of the founders of Armada Markets, a Forex broker out of Estonia, discussing the future for gold. He was quite sure we are going to test the 1500 level very soon.

Fri, 05/04/2012 - 22:35 | Link to Comment viahj
viahj's picture

we're all gonna die.

you may take some of mine, but i'll take some of yours as well.

those who think that they are above this all will be the next to fall.

who is your neighbor?  do you trust them?

they don't trust you.

we blather on about the sheeple, even call ourselves sheepdogs but when it comes down to it

we're all animals of different plumage and will react as such.

 

damn "humanity" and especially those who think that they are above it all.

 

 

 

Sat, 05/05/2012 - 00:56 | Link to Comment covsire
covsire's picture

Ol' Charlie is lying through his teeth.  Does the administration affect the economy?  "Durrrrrr, nooooo!"  

And what's with the broad interviewing him?  She looks like a whore that wandered off the XXX set into this studio.

 

Fri, 05/04/2012 - 20:58 | Link to Comment ajax
ajax's picture

How anyone can vote this comment "down" is beyond me.  

Sat, 05/05/2012 - 00:13 | Link to Comment WonderDawg
WonderDawg's picture

You can say that again.

Fri, 05/04/2012 - 20:59 | Link to Comment ajax
ajax's picture

How anyone can vote this comment "down" is beyond me.  

Fri, 05/04/2012 - 19:59 | Link to Comment AldousHuxley
AldousHuxley's picture

In 1935, Hitler introduced the Nuremberg Laws, which: prohibited Jews from marrying or having sex with "Aryans" (the Law for the Protection of German Blood and German Honor), stripped German Jews of their citizenship and deprived them of all civil rights. In his speech introducing the laws, Hitler said that if the "Jewish problem" cannot be solved by these laws, it "must then be handed over by law to the National-Socialist Party for a final solution (Endlösung).

 

By 1939, it was too late. By then, Jews with gold weren't escaping nazism, they were simply doing the slave labor of transporting Nazi gold to to railcars.

 

Einstein left in 1933

Sigmund Freud in 1938

 

Watch out for elite intellectuals to leave USA. They have brains to sense when things are wrong, have international travel experience (some fully paid conference every year), resistent to brainwashing as many don't even have TVs, mostly self-sufficient.

Fri, 05/04/2012 - 20:01 | Link to Comment The Watchman
The Watchman's picture

how skinny will the thread get?

Fri, 05/04/2012 - 20:11 | Link to Comment AldousHuxley
AldousHuxley's picture

who you callin' uncivilized?

 

Gold is for your neck:

http://bestofthe80s.files.wordpress.com/2011/11/mr-t-real_2.jpg

Sat, 05/05/2012 - 08:36 | Link to Comment Fred C Dobbs
Fred C Dobbs's picture

I think that is me.

Fri, 05/04/2012 - 20:12 | Link to Comment nmewn
nmewn's picture

"Watch out for elite intellectuals to leave USA. They have brains to sense when things are wrong, have international travel experience (some fully paid conference every year), resistent to brainwashing as many don't even have TVs, mostly self-sufficient."

I submit that "elite intellectuals" are the fucking problem...I'll even buy their one-way ticket and set up a nice warm greeting at their destination of choice.

How do I despise thee, let me count the ways:

Krugman, Summers, Warren, Reich, Romer, Bernstein...

Fri, 05/04/2012 - 20:29 | Link to Comment AldousHuxley
AldousHuxley's picture

You are mistaken economists for intellectuals.

 

Your anti- critical thinker rhetoric is scaring those who do.

 

Intellectuals with PhD are in a lab trying to cure cancer for $35k/year while your society rewards snooki with $100k per episode of public skankiness.

 

Fri, 05/04/2012 - 20:33 | Link to Comment jwoop66
jwoop66's picture

Go drop some more soma and stare at the grass some more, tool.

Sat, 05/05/2012 - 10:53 | Link to Comment prole
prole's picture

What a fvcking tool!

"

Intellectuals with PhD are in a lab trying to cure cancer for $35k/year while your society rewards snooki with $100k per episode of public skankiness."

Oh, "my" society rewards Twinkie with a million dollars for whatever. oh Really? But not "your" society. What are you on Fvkcing Mars? What an imbecile this aldo is. You can tell because every post. 100% of his posts toss in something which goes along with the current ZH vibe, then he jams his collectivist poison into it, well it's not working retard.

Sun, 05/06/2012 - 14:54 | Link to Comment Xkwisetly Paneful
Xkwisetly Paneful's picture

Scoreboard:

Who is responsible?

Watered down crappy education system,

revolving door justice system,

epidemic single parent households,

could go on for two days here without a break.

2/3rds of the federal budget absent interest is not miltary which makes it social welfare by definition.

But NO, the industrial military complex is the root of all evil,

these PHDS in labs have contributed jackshit the last 40yrs while the military complex is responsible for GPS, LCD and a littany plus one of other consumer products, while your PHDS filled labs are now blaming people who came back from the future for their collider problems.\

Just cannot make this shit up and the delusional, pompous whackjobs who contribute zilch will continue siphoning productive resources till dirt turns blue.

 

The complete and total bain of mankind's total existence is unaccountable social scientists and theiir experimentation on the human race.

Fri, 05/04/2012 - 20:59 | Link to Comment nmewn
nmewn's picture

"You are mistaken economists for intellectuals."

I are mistaken nothing.

"Intellectuals with PhD are in a lab trying to cure cancer for $35k/year while your society rewards snooki with $100k per episode of public skankiness."

My society?

You deign to give "my society" advice.

So now, the proper thing for you to do is give the example of the "correct societal standards" and where that society might be, so it can be contrasted and compared...and not against the abberation of Snookie...but as a whole.

Fri, 05/04/2012 - 22:41 | Link to Comment Arnold
Arnold's picture

I will be more than happy to take you up on your offer /rant. I ask myself why you consider yourself intelligent. In the meantime , while I am waiting for my one way ticket to New Zealand, I wonder if you are able to do as you say or are just another piece of puff. Please do not trouble yourself to think that I await your commitment paid in full.

Sat, 05/05/2012 - 07:34 | Link to Comment nmewn
nmewn's picture

Well now Mr. Arnold.

What class of "elite intellectual" do you consider yourself?

Are you the PHD'd Krugman-Summers type searching for the armed escort out "elite intellectual" or the lab coat wearing, 35k a year, perpetually searching for the cure to cancer type "elite intellectual"?

Please note, just having a high opinion of yourself and your worth to society overall doesn't automatically qualify you for yet another special subsidy in life.

In your case, I'll need references.

Sat, 05/05/2012 - 10:10 | Link to Comment GMadScientist
GMadScientist's picture

Those "elite intellectuals"...like Hayek (not Salma).

Sat, 05/05/2012 - 09:28 | Link to Comment jwoop66
jwoop66's picture

I notice you are new to the club, so let me be the first to inform you that we try to keep our sentences coherent around here.  If you want to spout juvenile statist drivel or cliche ridden nonsense like our friend Aldous,  at least do it coherently.

Welcome to the forum.

Sat, 05/05/2012 - 23:46 | Link to Comment NidStyles
NidStyles's picture

There is no such thing as an elite intellectual in the U.S.. The sooner everyone realizes this the faster the waking up can go.

Fri, 05/04/2012 - 22:10 | Link to Comment Harbanger
Harbanger's picture

Obviously many did.  The hopeful suckrs waiting for change stayed behind.  Same as now.

Sat, 05/05/2012 - 03:33 | Link to Comment Michael
Michael's picture

It will be duck hunting season on federal government employees if those federal workers start shooting? American civilians with their hollow point bullets the TSA purchased.

Michael Savage: Why DHS needs 450 Million rounds of ammunition?

http://www.youtube.com/watch?v=1qh5CZK1QWE&feature=related

Fri, 05/04/2012 - 16:26 | Link to Comment markmotive
markmotive's picture

Gold was also great for Germans pre-Weimar.

 

Fri, 05/04/2012 - 16:29 | Link to Comment CynicLaureate
CynicLaureate's picture

And Argentines in 1998!

Fri, 05/04/2012 - 16:49 | Link to Comment Dane Bramage
Dane Bramage's picture

I like it when statists actually make valid points by attempting to discredit something.  "We're all jews now."

Fri, 05/04/2012 - 16:57 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

 

Are we gonna have to wear the little patches?

 

Fri, 05/04/2012 - 17:16 | Link to Comment DaveyJones
DaveyJones's picture

just UPC symbols so, like crossing a bridge, they can tax us every time we raise a fork or go piss

Fri, 05/04/2012 - 19:24 | Link to Comment cynicalskeptic
cynicalskeptic's picture

CLoser to our future than you'r think:

http://en.wikipedia.org/wiki/Urinetown

 

Fri, 05/04/2012 - 22:16 | Link to Comment Manthong
Manthong's picture

That reminds me.. I was out drinking with a buddy one night a long time ago when he had to stop for a moment next to a gray van.

A guy wearing a blue armband with a yellow SP on it comes around, looks at the wet tire and sternly asks me “Is that urine?”

I looked at him kind of cross-eyed, hesitated a moment, pointed at my buddy and then replied “Nope, that’s his’n."

Fri, 05/04/2012 - 17:18 | Link to Comment Long-John-Silver
Long-John-Silver's picture

Today we are simply numbered. It's called a Social Security number.

Fri, 05/04/2012 - 17:52 | Link to Comment Gazooks
Gazooks's picture

biometrix, bitchez

Fri, 05/04/2012 - 21:54 | Link to Comment Harbanger
Harbanger's picture

Only Citizens are simply "numbered". 

Sat, 05/05/2012 - 00:39 | Link to Comment wee-weed up
wee-weed up's picture

Until they inject you with your digital ID pellet under your skin.

Fri, 05/04/2012 - 17:39 | Link to Comment Freebird
Freebird's picture

Do we have to wear funny aprons & rubber gloves to shag?

Sat, 05/05/2012 - 09:46 | Link to Comment Son of Loki
Son of Loki's picture

Charlie's upset...charging all those fees and failing to perform even as well as the S&P 500 Index....

His clients are even more pissed I bet.

Fri, 05/04/2012 - 16:57 | Link to Comment N57Mike
N57Mike's picture

Fuck you Charlie.

Your gathering this weekend in Omaha used be known as the "Woodstock for Captialists".  You are now just a "Woodstock for crooks", or "Woodstock for crony Facists"

Fri, 05/04/2012 - 19:16 | Link to Comment bugs_
bugs_'s picture

we're all post-holocaust jews now?

Fri, 05/04/2012 - 19:54 | Link to Comment dbomb12
dbomb12's picture

Lets not forget the Hungarians and Yugoslavs, they need love too

Fri, 05/04/2012 - 16:32 | Link to Comment Thomas
Thomas's picture

And how about all those productive Japanese businesses? How'd they do, Chuckie? He continues to endorse a system that he and Wrinkles have figured out how to game. I think Buffett and Munger would take Auschwitz public if they could make a buck.

Fri, 05/04/2012 - 18:56 | Link to Comment Infinite QE
Infinite QE's picture

Good one Thomas! Must be near some big inflection point for this scammer to make this kind of public comment. 

 

Someone needs to put up that great chart comparing Berkshire Shitaway to gold.

Sat, 05/05/2012 - 11:01 | Link to Comment prole
prole's picture

Technically Berkshire kicked gold's ass for 40 years, and everything else. It's just that the age of berkshire appears to be over, having peaked 12 years ago essentially.

Gold is not a 40 year wonder, but a 40 century wonder.  I missed the Berkshire boat full disclosure

Fri, 05/04/2012 - 21:44 | Link to Comment Ranger4564
Ranger4564's picture

They already did, a long time ago... it's called Capitalism. 

Fri, 05/04/2012 - 16:31 | Link to Comment Ignatius
Ignatius's picture

A guy told me "...go for a corner lot on Farmville, can't lose."

Physical gold is secure savings, not  an investment.  Gold currently has investment returns due to suppression and further currency debasement.  Munger is talking his weak book.

 

Fri, 05/04/2012 - 20:14 | Link to Comment Withdrawn Sanction
Withdrawn Sanction's picture

Physical gold is secure savings, not an investment.

Spot on.  Ironic that a guy whose firm specializes quite a bit in insurance of all things doesn't get the distinction...or maybe that's the point.  

Fri, 05/04/2012 - 22:21 | Link to Comment Freddie
Freddie's picture

Munger and Buffett were big on newspapers til the end.  They probably even figured out they were bad investments but it is about mind and political control owning newspapers.  F them.

Sat, 05/05/2012 - 10:14 | Link to Comment GMadScientist
GMadScientist's picture

Imagine you had a friend working at Zynga who could tell you when corner lots were going to go on sale and could credit you with Farmville manure, I mean dollars, with a keystroke. Now imagine the same setup, just not with you (or least not only with you).

Still wanna play?!

 

Fri, 05/04/2012 - 17:01 | Link to Comment LongBallsShortBrains
LongBallsShortBrains's picture

Gold mining

Fri, 05/04/2012 - 17:59 | Link to Comment SGS
SGS's picture

ADL teams up with Bnai Brith and shuts down Tyler in 3...2..

Fri, 05/04/2012 - 18:17 | Link to Comment New World Chaos
New World Chaos's picture

Mining shares are vulnerable to nationalization, "windfall" taxes, forfeiture laws, Corzining, naked shorting (i.e. stock counterfeiting) to game the correlation algos, and false-flag destruction of the DTCC to cover up broad-based naked shorting.

The best gold mining stock might be Halliburton.  They built the FEMA camps and will probably end up mining gold from Americans' garments and teeth.

Sat, 05/05/2012 - 01:17 | Link to Comment F. Bastiat
F. Bastiat's picture

+1 for your nickname.

Fri, 05/04/2012 - 18:00 | Link to Comment toothpicker
toothpicker's picture

Ovens

Fri, 05/04/2012 - 20:13 | Link to Comment Withdrawn Sanction
Withdrawn Sanction's picture

I am still searching for that productive business.

So's Charlie.  GS doesn't qualify, even though it did make him some scratch.  

He's either senile or just plain evil.  This comment has to rank right up there w/Blankfiend's "God's work" quote.  What a douche

Fri, 05/04/2012 - 22:40 | Link to Comment Acorn10012
Acorn10012's picture

"Tasteless"
"Offensive"

Don't know the guy personally but developed a quick dislike after that comment. Why pick that particular time AND that particular group of people? Suggesting they weren't civilized?

Sat, 05/05/2012 - 12:02 | Link to Comment mr_T
mr_T's picture

 

Didn't Buffet buy a shit load of silver (poor mans gold) some time ago?

http://www.silvermonthly.com/analyzing-warren-buffetts-investment-in-silver/

 

Is that civilized you psychopath/hypocrite piece of trash?

Now pass the Grey Poupon biatch!

 

“We had a lot of silver once, but we don’t have it now—and we didn’t make much on our prior holdings.” He went on to say: “I bought [silver] early and sold early. Silver was my fault. [Speculation] is wildest at the end.”

 

Fri, 05/04/2012 - 22:16 | Link to Comment Vendetta
Vendetta's picture

facebook, its 'productive' right?

Fri, 05/04/2012 - 16:11 | Link to Comment HarryM
HarryM's picture

http://www.southparkstudios.co.uk/clips/sp_vid_155015/

 

Cartman demanding Kyle's "Jew-Gold"

2 minute South Park Clip

Hysterical

 

Sat, 05/05/2012 - 10:15 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

 

 

 So if he was a modern-day Nazi he'd say fuck your papers and just give me the jacket? 

Fri, 05/04/2012 - 18:29 | Link to Comment financial apoca...
financial apocalyptic contagion's picture

Iv had 2 classes in that auditorium sophomore year.

The Ross school of Business has a knack to invite the best of the best of the NWO.

Sat, 05/05/2012 - 07:23 | Link to Comment onthesquare
onthesquare's picture

do you have to be circumsized?

Fri, 05/04/2012 - 16:14 | Link to Comment vato poco
vato poco's picture

I was gonna go with "Munger, you're a pompous, sneering cocksucker", but that one's pretty good too. Am *really* looking forward to the security camera footage of Munger's nurse beating the shit out of him while changing his diaper in a few years. And then bogarting his pain meds for herself.

Fri, 05/04/2012 - 16:20 | Link to Comment Uncle Remus
Uncle Remus's picture

Uhhh - that would be comedy gold.

Sat, 05/05/2012 - 11:12 | Link to Comment Temporalist
Temporalist's picture

Comedy gold is something Munger has no time for either.  He's never laughed a day in his life and only invests his time in productive ventures like torturing small animals and spouting elitist kleptocrat propaganda.

Fri, 05/04/2012 - 17:22 | Link to Comment DaveyJones
DaveyJones's picture

he was right that it's not for modern "civilized" people - in the worst orwellian meaning.

The more I think about it, these words, the interview, the broadcaster, the contrast with China and India are pretty disgusting, pretty alarming  

Fri, 05/04/2012 - 17:40 | Link to Comment Sauk Leader
Sauk Leader's picture

From the Urban Dictionary...

Munger: someone who enjoys Munging

Munging: the act in which 2 individuals dig up a newly buried corpse (best when dead 2-3 weeks) and lay the body down on its back. then one individual places his/hers mouth on the body's anus while the other precedes to get a running start and jumps on the body feet first. whatever comes out is called MUNG

Fri, 05/04/2012 - 18:12 | Link to Comment BigJim
BigJim's picture

Ah, so that's why they're called 'mung beans'.

Fri, 05/04/2012 - 22:59 | Link to Comment Think for yourself
Think for yourself's picture

This one is even better than santorum because I'm quite sure that it wasn't defined on purpose...

Fri, 05/04/2012 - 16:27 | Link to Comment e-man
e-man's picture

May I point out that polite dinner conversation among the elite on the Titanic would also have been about how civilized people don't talk about life boats.  Not until I'm in the boat first.

Fri, 05/04/2012 - 17:29 | Link to Comment CreativeDestructor
CreativeDestructor's picture

Fuck you Munger!

Fri, 05/04/2012 - 18:50 | Link to Comment Dugald
Dugald's picture

French Frog....

Nah, a cunt is useful, this guy is just a fuckwit.......

 

Fri, 05/04/2012 - 18:56 | Link to Comment Dugald
Dugald's picture

French Frog....A cunt is usefu this guy is just a fuckwit...

Fri, 05/04/2012 - 19:12 | Link to Comment FubarNation
FubarNation's picture

'Charlie Munger, you're a cunt and you're lying through your dentures'

 

There - fixed it for you.

Fri, 05/04/2012 - 20:10 | Link to Comment dbomb12
dbomb12's picture

Of course, the last thing the elites want is for all of us lowlifes to hoard all the gold since it might put some of us in a better position than some of them when the whole thing collapses

Fri, 05/04/2012 - 20:32 | Link to Comment Acorn10012
Acorn10012's picture

"Charlie Munger, you're a cunt and you're lying through your teeth."

I was going to ask if "fuck this cocksucker" was too strong for ZH. Thanks for clearing it up FF!!

Fuck this cocksucker.

+1 for Howard B.

Sat, 05/05/2012 - 17:21 | Link to Comment jwoop66
jwoop66's picture

I bet this guy smells like baby diapers and ben gay.

I also think this fuckin toad can probably lick his own eyeballs.

Fri, 05/04/2012 - 16:02 | Link to Comment Winston Churchill
Winston Churchill's picture

It will be tax.

Fri, 05/04/2012 - 16:09 | Link to Comment Popo
Popo's picture

I agree WC.  The likeliest scenario is a brutal tax on all gold transactions and a tarriff on exports.    Confiscation is far too messy.

 

Fri, 05/04/2012 - 17:04 | Link to Comment LowProfile
LowProfile's picture

Good luck securing the borders trying to keep people from smuggling it out.

There's a good God damned fucking reason Europe doesn't tax gold:  TOO EASY TO SMUGGLE.

Fri, 05/04/2012 - 19:46 | Link to Comment Manthong
Manthong's picture

Gotta’ have some gold,

But silver is more fungible for discreet transactions involving essentials.  

Fri, 05/04/2012 - 23:06 | Link to Comment Think for yourself
Think for yourself's picture

I've got 2 words for you: Predator Drones.

After all, you gotta find a use for all these drones coming back from the MENA war theater once they get obsoleted by the Reapers...

Sat, 05/05/2012 - 10:41 | Link to Comment Sam Clemons
Sam Clemons's picture

Aren't diamonds even easier due to lack of metal content?

Fri, 05/04/2012 - 20:21 | Link to Comment Withdrawn Sanction
Withdrawn Sanction's picture

The likeliest scenario is a brutal tax on all gold transactions and a tarriff on exports.

So let's see, who's going to "pay" the tax?  The guy (illegally) accepting the gold, or the guy (illegally) paying with the gold?  Another key point is that if/when it comes to that, the govt will be so broke they'll being paying their enforcers with lawn clippings.  That wont work well ...for long.

Fri, 05/04/2012 - 16:07 | Link to Comment LoneCapitalist
LoneCapitalist's picture

Either way, I wont be participating.

Fri, 05/04/2012 - 16:59 | Link to Comment yabyum
yabyum's picture

Lone Capitalist, Remind me not to go boating with you.

Fri, 05/04/2012 - 16:38 | Link to Comment lasvegaspersona
lasvegaspersona's picture

gold can aly quiet and hidden for a very long time...eventually the government will need to coax it out when we get to the point where it becomes important again....if they try confiscation it will disappear...if they tax it it will move underground or stay put.

It may take a while but eventually it will occur to the government that having gold flow is more important than punishing those who were right about the coming collapse.

Fri, 05/04/2012 - 21:01 | Link to Comment Harbanger
Harbanger's picture

Yes, to central planning socialists, PM owners are greedy 1939 german jews.

Fri, 05/04/2012 - 21:20 | Link to Comment Buck Johnson
Buck Johnson's picture

Your right, I bet they will do that and also confiscate it and make it illegal to own it unless it's a wedding ring or a heirloom and then you may have to register that and if not they definitely confiscate it.  You see by you registering it, it tells the govt. exactly where it is and so they can come to your house say you didn't do the paperwork right or you have hidden gold and now you lose all of your gold.  We are all jews now and eventually ouor wealth will be confiscated.

Fri, 05/04/2012 - 16:02 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

Let's check the scoreboard...

 

http://finance.yahoo.com/q/bc?s=BRK-A&t=5y&l=on&z=l&q=l&c=GLD

 

Disclosure:  GLD is not really gold.

Fri, 05/04/2012 - 16:07 | Link to Comment Bastiat
Bastiat's picture

Fucking barbarians!

 

Seriously: devastating reply to Munger.  Nothing more to say. 

Fri, 05/04/2012 - 16:33 | Link to Comment Thomas
Thomas's picture

They doth protest too much. How many denunciations of gold does it take to usher in a gold standard?

Sat, 05/05/2012 - 01:58 | Link to Comment AustriAnnie
AustriAnnie's picture

My thought exactly.  The more desperate they get in their propaganda campaign, the more obvious it becomes: they are terrified of gold.

Sat, 05/05/2012 - 05:49 | Link to Comment mr_T
mr_T's picture

I would bet he has hundreds of bags filled with gold teeth in his dungen.

Sat, 05/05/2012 - 11:11 | Link to Comment prole
prole's picture

That chart is not the Whole truth. Deceiving ourselves does not serve our cause.

I can't post images but if I could I would show you a chart from brk vs gold 1970-today. BRK kicked gold's ass times 100. Let's keep it real gentlemen, and aldo.

Sat, 05/05/2012 - 11:55 | Link to Comment mr_T
mr_T's picture

.

Fri, 05/04/2012 - 16:39 | Link to Comment Sam Clemons
Sam Clemons's picture

This is exactly what LOSERS do.  After a given reason turns out false, they come up with some other justification for what they are doing.  

Obviously, the goal of Berkshire is to make money.  Since they have gotten smoked by gold the last ten years, now the goal is to invest in productive businesses like Facebook that make life oh so much better.  

Fri, 05/04/2012 - 17:26 | Link to Comment KickIce
KickIce's picture

Would be even worse if he did not receive bailouts.

Fri, 05/04/2012 - 17:41 | Link to Comment Cruel Aid
Cruel Aid's picture

Ding... HH wins. Buy Berkshire for real returns.

Fri, 05/04/2012 - 19:09 | Link to Comment UP Forester
UP Forester's picture

Yeah, Berkshire would be even worse if not for "coincidently" buying BN RR before the Keystone project was axed....

Fri, 05/04/2012 - 19:18 | Link to Comment bugs_
bugs_'s picture

Brutality!

Fri, 05/04/2012 - 19:50 | Link to Comment Stoploss
Stoploss's picture

Kinda hard to argue against that,

Tyler needs to put this chart up and just leave it

over the weekend.

Fri, 05/04/2012 - 19:51 | Link to Comment Stoploss
Stoploss's picture

Put it up right next to Charlie!!!

Sat, 05/05/2012 - 04:35 | Link to Comment tocointhephrase
tocointhephrase's picture

New member please to make it 140-1 in favour of kicking berk hath in the balls! The trend is your friend Bitchez!

Sat, 05/05/2012 - 08:02 | Link to Comment JohnKozac
JohnKozac's picture

Good chart. Charlie needs to recruit some talent...I hear Corzine is looking for work. I think he actively managed OPM also.

Fri, 05/04/2012 - 19:23 | Link to Comment donsluck
donsluck's picture

.

Fri, 05/04/2012 - 22:40 | Link to Comment putaipan
putaipan's picture

yeah it's funny- the 'greatest generation' fought the great depression and fascism .... but they didn't have to do it at the same time on their own soil.

Fri, 05/04/2012 - 15:55 | Link to Comment tocointhephrase
tocointhephrase's picture

Agreed, and yes they made many films about the holocaust, the one that stuck with me the most was Escape from Sobibor, http://www.youtube.com/watch?v=s4stuU9yc4k

We will never forget!

Edit,' Agreed' is not to Manthong, -1 cretin

Sat, 05/05/2012 - 16:34 | Link to Comment Manthong
Manthong's picture

Reflect on the intricate sarc.

One way to sarc a position that profoundly arrogant and ignorant is with a statement of agreement that is profoundly acerbic and absurd, yet has a vestige of truth.

Fri, 05/04/2012 - 16:10 | Link to Comment Id fight Gandhi
Id fight Gandhi's picture

Holocaust = sympathy and justification to take land for Israel.

Fri, 05/04/2012 - 17:57 | Link to Comment Gazooks
Gazooks's picture

youd fuck Gandhi

Sat, 05/05/2012 - 05:59 | Link to Comment mr_T
mr_T's picture

Killing fields... Good flic. U can still find bone fragments in the ground. Disturbing tourist spot.

How much for one gold tooth Charlie?
can I hold it in my hand?

Sat, 05/05/2012 - 17:23 | Link to Comment jwoop66
jwoop66's picture

Your statement is kinda dumb, BUT DIG YOUR HANDLE!    +1

Fri, 05/04/2012 - 16:30 | Link to Comment Sean7k
Sean7k's picture

They have never stopped making films about the holocaust. That crap is touted every year. Always a new angle. How could we ever forget? Really, I would love to.

Fri, 05/04/2012 - 16:50 | Link to Comment Sean7k
Sean7k's picture

Down 6? What makes the jews so damn special? They are responsible for more death and destruction through banking practices than all the murderers put together. They are the Stalin/Hitler/American Expansionist/Turks rolled into one. They continue to kill and cripple Palestinians with prejudice, while threatening Iran for doing nothing more than what the jews have already done.

 

Fri, 05/04/2012 - 17:07 | Link to Comment LowProfile
LowProfile's picture

Not to downplay what happened to the Jews, but I for one would like to see a few more movies made about the other famous holocausts, e.g. Armenia, Cambodia, Rwanda, Bosnia, China, Ukraine, etc.

Too much emphasis on one atrocity out of many doesn't serve anyone, much less the Jews.

Fri, 05/04/2012 - 17:28 | Link to Comment Id fight Gandhi
Id fight Gandhi's picture

Holocaust is trademarked for Jews. No one else can use it. There was no other victims either, just footnotes. They own Semites as in anti-Semites, never mind there are real Semites out there.

Japan too did awful things in WWII but we never hear about it in US history, neither do Japanese.

I'm not anti-Jew. Just call them out on their BS.

Fri, 05/04/2012 - 18:25 | Link to Comment LowProfile
LowProfile's picture

Thus why I referred to it with a lowercase "h", and used it to refer to similar incidents.

Sat, 05/05/2012 - 11:17 | Link to Comment prole
prole's picture

LP the haters actually do make such movies, but they flip the script by making the plot about a "heroic, handsome Junior officer who questions his government's policies" ie- make the Communist Officer a hero, which is what they want to do anyway, worship and glorify Stalin, East German government policies, Communism, the special people who are Bolsheviks, etc.

Sat, 05/05/2012 - 04:57 | Link to Comment tocointhephrase
tocointhephrase's picture

You confuse the ('jews') Jews with Zionism and since when are the people in control of their governments spewing war all around the world. Junk me all you like for the Sobibor movie but the fact is, Genocide or any killing or attempt to kill is wrong!

I would like to take this opportunity to wish Beastie Boys star Adam Yauch's family Long Life, may he rest in peace and that his message of tolerance to faiths in particular in the late 90's in reference to Muslims and the obvious media spotlight that was and still is on them must stop.

Charlie (War) Munger and CNBC, you offend deeply, long live Zerohedge and Tyler Durden for bringing a space for which to express opinion!

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