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Charlie Munger: Gold Is For Holocaust-Era Jewish Families To Sew Into Their Garments; Civilized People Don't Buy Gold
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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Says the dude with the Hitler Wave for a hairdo.
in other words, jews are not civilized people?
That was my first thought.
"Is this guy an anti-semite, an economic illiterate or just a jerk?"
d) all of the above and more
Come to think of it, he may be right. The largest buyers of gold are central bankers, after all.
We have done more to civilize the world than any other group. Loser.
Hmmm; somewhat insensitive, no?
Is that a threat?? He's saying that the state is gonna come after gold owners like his boss (Buffet) did?? Buffet, the guy who killed his own people and still is said to be a hero by the MSM... what a sick world we live in.
Wow he is scary
Marie Antoinette by any other name...
Wrong, they were sewing gold into their garments in 1934.
Which, is essentially what Einhorn is telling you he is doing.
They were swallowing their diamonds in 1939. As soon as Einhorn (or equivalent) tells you he is investing in raw diamonds, it's lock and load time.
Given the choice i choose uncivilized over civilized anyday. Because the civilized are the ones who are doing the pretending, the uncivilized are do the preparing.
Indeed. McQueen and Hoffman were great in Papillon.
Papillon did not swallow the gold but put it in a "charger." a hollow metal
cylinder up his rectum. Hoffman played the part of Louis Dega, an embezzler and forger of fake 1928 french national bonds.
I seem to recall Dega had swallowed diamonds on his way to the island, and paid off some guards. No? It has been a while, too long, since I watched it.
I know many people are partial to Bullet but Papillion for me is the greatest Steve McQueen movie.
What a clown shoe
Hey Chuck, FU! Once a Douche, always a Douche.
Sure Charlie boy, buy productive companies like BYD.
The truth comes out as to who is buying gold. No surprises...
"Civilized people" take whatever paper crap that's being shoved down their throat.
That is if civilized people = sheeple.
unfuckingbelievable
Oh man this is painful. Is there a way to play him back at 2-3x speed or at the very least have Becky slip him 8 Coca Colas and some helium.
Oh boy. At 7:20 he lets us know that Paul Krugman is very smart and very often right? I may not make it to the Vienna comment. It's Friday and I don't want to ruin my weekend.
How about set to some "Battle Hymn of the Republic"?
www.youtube.com/watch?v=XCXcQ1oBoo4
Charlie is just being a scareMUNGER.
In any case why did his boss buy so much silver some few years ago?
And if he and hs boss are so clever why didn't they sell at the top?
And while you're there Charlie, what's the story with Berkshire's share price?
Cuz somebody got told.
They all play along and go down together, or they'll be taken out first.
Loyalty to power. It's Job #1.
end usury
Tell you what Munger.
I'll be the barbarians and you be the romans.
In the grand scheme of things, you lost.
Not at all. The barbarians were anybody who "wasn't Roman".
Rome collapsed from the inside, whilst the barbarians just walked right in.
Sew it into my clothes to prevent confiscation eh? I never thought of that.
Thanks Charles!
I don't think it will make it past the TSA scanners, though. Will have to go into checked baggage. Where baggage handlers will 'lose' your baggage.
You honestly think that cheap airlines are going to be around much longer?
just remember, the airlines are "subsidized" for doing their patriotic service of "contrailing" the Nato skies.
all one sky, no invisible national boundaries, and no one looks up any more - perfect.
http://aircrap.org/busted-easy-jet-cheap-tickets-airline-caught-spraying...
for those who remain in the dark:
http://www.abovetopsecret.com/forum/thread405919/pg1
I still think it's a little too soon for Holocaust jokes.
Bozo's like Charlie are the whole reason were in this mess.
Hey Charlie,
What happened to your huge stash of silver? Oh thats right you didnt want to hold a "loser" from $4 to $30 right?
This guy is a fucking liar. Uncle Warren is too...
Oh....My... God.... Just when you think he can't dig himself any deeper. Someone take this old mule out back and put him out of his misery.
No. Let him suffer through the diaper years.
+1 LOL
All Central banks hold gold. How barbaric of them.
Ironic. This guy talks about "gold bugs" like Hitler talked about pre-holocaust Jews.
According to Adolf Hitler:
"Gold in the hands of the public is an enemy of the state."
"Gold is not necessary. I have no interest in [G]old. We will build a solid state, without an ounce of [G]old behind it. Anyone who sells above the set prices, let him be marched off to a concentration camp. "
Guess he saw that one happening back then...8-(
Wow, this guy is a total douchebag.
1939: Pre-war - Successful Jewish bakery is successful; gold is valuable
1940: Hitler comes to power, Jewish bakery is confiscated; gold is valuable
1941: Jewish bakery owners killed; gold is valuable
1942: Jewish bakery reduced to rubble by allied bombing, business is destroyed; gold is valuable
1943: Looking back now, which would you rather own, the gold or the bakery?
You don't invest in businesses when there are sovereign debt default bombs incoming. You grab the gold and pull the hatch shut.
+1
Comment of the week, hands down
Agreed. Timing is huge as well. I am completely stunned how ignorant these douche farts are. Makes me want to buy gold and silver and anything real so much more.
From history:
The Ashkenazi Jews, who migrated to Israel from Germany, while sympathetic to Communism and support it, tend to favour the practises of Nazi-style fascism. During World War II in Germany these elite Zionist Ashkenazi Jews worked closely with Hitler’s Gestapo in persecuting the lower class German Jews and delivering them to concentration camps. Now living in Israel, these elite Zionist Jews, who were well trained in Nazi-style fascism and favour it, have imposed many facets of fascism on Israel.
Make sense now?
Best switch to a better brand of rotgut whiskey, chump. Whatever yer swilling now has rotted out yer brain as well.
Sit back. Set yourself up with a nice neat glass of Johnny Black and learn something.
(Part 1 of 6) The Nazi Banksters' Crimes Ripple Effect by Muad'Dib
http://www.youtube.com/watch?v=y8KRGLlF_E4
Not into the whole "the jews did it" thing, but are you talking about Soros?
He is sending hidding signal to all Jews. Buy gold
I'll take the gold ... (... and a dozen onion rolls ...and some cream cheese) I remember going to the bakery with "just change" (silver) and having problems carrying home all the goods. Wish my kids could share that experience.
And by the way -- Charlie's plenty old to remember this world also.
He just doesn't want to share even small wealth at all.
Civilised people are not cheats like this insider
Does this mark the bottom for gold and silver ?
Interesting, I would've never guessed that civilized people are retarded. Learn something new every day.
So...........guess that means central bankers arent civilized huh
thats a buy signal
(G)old is a great thing to sow ... fixed it.
He's up against a battle he can't win. Must be feeling pretty poor at his age. And, the vultures gather.
The guys a SCHMUCK, what the hell does he intend on buying all these companys with, when his paper goes to dust, (see you on the other side pal). Oh and BECKY do you want to know what drives gold bugs/bulls nuts? Its your tounge on them whilst the shaft makes you gag, keep noshing WARREN sweetie x CNBC some of the greatest comedy in the 21st century
Does Munger realize this is 2012 and not 1980? Only old people buy credit default swaps and "productive businesses".
But does he have a reverse mortgage?
Reverse mortgage now thats some funny shit
Danger Young Will Robinson, Danger
http://www.youtube.com/watch?v=jocI_R8lMpM
LOL. Who are these buttheads trying to fool? Can someone please unplug this guy's life support so he can die in delusion before the next market crash?
You can say about the jews what you want but they know how to protect their wealth and exit better out of crisises than most other lemmings.
Internet Search: BENJAMIN FREEDMAN SPEECH – and listen to a speech from 1960 in New York City that has been suppressed and hidden from you. This is a historical account on what happened before and during World War Two by a close friend of President Kennedy. The truth about these people will soon be coming out yet AGAIN.
I've read it....it IS amazing! So much is hidden, now. Thank God for the internet and free PDF versions of out of print books!
Try reading anything by Eustace Mullins (protege of Ezra Pound), the first to expose the FED.
Also find Douglas Reed.
Douglas Reed: "The Grand Design"
and also Elizabeth Dilling and Nesta Webster!
Not so fast there guys and gals. I can see his point.....NOT. Justice is coming for the elites.
Remember all the lucky Vietnamese who escaped Saigon in 1975? They too had thin plates of Au sewn into their jackets.
There is a reason why all the survivor stories from people escaping totalitarian regimes everywhere include gold as the means of escape.
We don't hear many survival stories from those who didn't own gold -- we uncover them in mass graves.
What can I say but ,Fuck you charlie Mongrol you piece of civilized shit.
Hey Munger...ROT IN HELL you ancient cretin.
Charlie Munger: a Barbarous Relic
(Can we get one of them bosomy Snorgtees chicks to sport that on a tee?)
It is very telling, actually, that pre-holocaust Jews sewed gold into their garments. It shows us in very real terms that when the rubber meets the road, people trust gold to protect the value of their wealth. Secondly, this statement by Munger makes me think that he looks at Jewish people fleeing Nazi Germany as "un-civilized." How can I respect a person who thinks that?
Great find, this quote.
Beyond the controversial reference to Vienna ghettos, it is about production, productive economy, productive assets.
Funny. Gold, jewish people, production.
Something to learn here on how US citizens conciliate the three.
Don't you have some laundry to wash?
US citizen laundry is always clean.
Norwegians still US citizens?
Yes, of course!
Along with most Europeans, some Chinese, and oh, not to forget those pesky time-traveling Easter Islanders, whose US Citizenism moai-raising nature is (not quite so) eternal.
Norwegians still US citizens?
_____________________________________________
Yes, why should not they be?
Red now oblingingly the liquid concrete sky, away the weeds!
That sentence makes just as much logical sense as does almost all of the meaningless (not to mention highly bigoted and mindlessly collectivist) gibberish you continually spew here.
I think when this guy says "US citizen", he's saying the same thing most of us mean by "sheeple" or "CNBC viewers".
I, on the other hand, think this guy simply hates Americans, ALL Americans, and is willing to go to any extreme to blame and castigate them for all the ills and sins of the world. He has taken the simplistic, not to mention unjust, collectivist mindset to its ultimate and uber-absurd limit.
.
It's what keeps you employed. That and the PRC Ministry of Truth.
By the way, I said no starch. Think you can remember that this time?
So Mr. Munger; Please reveal your holdings of precious metals? This can include both physical gold and silver, as well as ETF paper versions of these metals, plus any mining stock you own or direct for your benefit. If there are other aspects to your holdings regarding PM's, please include them.
Think we will ever get an answer?
forgot to add; You are a racist fascist pig Mr. Munger.
I guess he and Warren missed the huge rally in gold while their adoration for stocks led so many to break even in nominal terms, and go deep in the dicth in real terms over the past 12 years? Er...oops, but keep listening. He could be right again some day.
And so what’s (supposed to be) in Ft. Knox, a bunch of old jewish garments with ripped seams.
Same in the mountains of Switzerland?
Every first generation immigrant have ever known -poles,russians, italians, germans want two assets:GOLD & REAL ESTATE.
Because both hold (or in the case of RE held) their value regardless of who was in power or what currency was circulating.
No wonder US is anti-immigrant.
Wow Charlie, just, wow. When you would think someone can't say anything worse and do themself....
Wow, indeed. So why now? Gold didn't do anything unusual today. And then bam, a gratuitous slam from a senile old coot. Something's up...and it aint Charlie's performance.
"civilized people"
Uh huh. And civilized people do not let the unfettered breaking of the law go on for a decade with no reprecussions. Average people buying gold are the ones that have integrity and are standing up to this crowd of lawless, greed mongers. Let's not even get into what these perverse central banksta cabal insiders are doing to food costs for the poor worldwide with their perma-ZIRP, CTRL P hysterionics - you want to talk about moral hazard and civilized. MORON.
btw he looks quite jewish...
and double that last "BTW", -> don't confuse Jewish people of today with Hebrew-Semitic people, becasue they are not, no matter what they claim (they lie). Most Jews today are Ashkenaski, especially the ones in banking and political power (aka edomites who adopted judaism a long while ago). They are technically semitic just like the arab world is (but not the persians).... something the MSM doesn't really understand, -> journalism or communications major select those degrees because they are easy, and ya don't have to really know very much....
Puskatore! I generally don't like to harm old people, but I would like to throw an american eagle in the vacinity of his noggin to wake him up.
That WOULD be funny...seeing a bald eagle peck at his eyes while his toothpick arms flail helplessly, trying to protect himself while he scrambles for his walker.
Wait, what? ...Oh, you meant a gold eagle coin. That'd be funny too, but personally I'd prefer the Tippy Hedren treatment.
The only thing Munger needs is a Death Panel, that'll put him where he'd be most useful, 6 feet under.
Hello, my name is SumSUN. Don't buy anything.
I am thankful for commentators that dis gold. Everytime I see Gartman or other CNBC hacks selling people on the death of gold, I get a warm feeling in my soul (and a lower price on my next purchase.) Keep stackin'!
Yes... the problem is they talk about PMs as if it is a security or something to flip to make a quick buck. The MSM talks about finance as if all people are the same.
PMs are an insurance policy for what's coming.
I guess he's implying those Jews were uncivilized. I would proudly wear the badge of "uncivilized" if it meant Munger's civilization of shit would fall to the ground.
What he said and you didn't hear on CNBC: "gold is what niggers put on their teeth."
I like to refer to that as "leveraging my dental plan."
Munger is such a GD loser. Yeah Munger. In terms of real money, your portfolio has been crashing for ten years. Stop crying.
Civilized people don't buy gold??!!
'Civilized' people fucked up my world!
Man does that old cocksucker give me the giggles! Mutha fucka!
oops! I think he just shit himself... and Becky doesn't even flinch. amazing.
Of course! It is a barbarous relic . Only uncivilized people buy it..
..and what about Central Banks? What are they called?
Fuckin Smart
Right, the only civilzed people on the planet are the ones who short gold and silver.
I own and invest in businesses as well as own Gold and Silver.
Well then, you must be a jew.
That was Munger-think.
Buffet had a bad relation with his father who liked gold. What's Munger's excuse apart from being an old douchebag?
Congressman Howard Buffet, 5/6/48
said Human freedom rests on gold redeemable money
http://www.lewrockwell.com/orig12/buffett1.1.1.html
maybe he had a bad relationship with buffet's father too.
It's 4 PM do you know where your money went today?
...de-industrialization..."good for the greater system of the world"...when globalists speak, only globalists listen.
i notice when gov't subsidies are hinted at, he ends up with non-answers...hiding the truth does not change it, erase it, nor does it make the lies true.
...crooks are as crooked as their minds can be.
"civilized people...they invest in productive businesses."
So with his logic, that means buy mining stocks, never buy bank stocks, & short European & American companies.
Shit, that guy can't even see how to button his own garments.
I think the lesson here is "when you are on TV more so than any other time, always think before you speak". I suspect he is really going to regret saying that.
souless...evil...bastard
This man is a genius, I am now going all in on myspace.com
Weren't the barbarians who survive every "civilization" ... Finally, pays well to be a barbarian, as long as, one understands the reasons for that.
If I had "civilizely" accumulated, several billions probably I also would play as a "civilize" person, buying hard assets, via a huge leverage, but hey I am just a barbarian with less than a million, so what I do is hedge accordingly with the idea that at the end, everything is ZH.
The Central Bank barbarians don't seem to agree with you. Maybe your glasses are interfering with your reception? Better jiggle the knob!
Paging Mel Gibson.
In other news today: "Butter is the Devil's Spunk" says Margarine Marketing Board.
buy the living dog out of gold and silver!
He meant to say gold is interfering with Bernanke's ability to print.
He meant to say gold is interfering with Bernanke's ability to print.
He meant something FAR more evil, and insidious.
He is demonizing anyone who owns PM's, and in doing so, making them a target as a future enemy of the state, in an effort to get them to dump it now, or be arrested later.
Charlie has cast a HUGE brush with that statement,in that 90% of people who own stocks, and equities also have a position in PM's.
Any SMART financial advisor on the planet if their honest reccomends it.
He included everone who has a diversified portfolio as well.
Indeed; the ghost of Stuart Chase, if you will.
He's not ignoring or laughing, I guess this is a fight now!
No I think they combinded the laugh and fight together
Check out Munger's comment at 18:54 in the video. ROFLMAOPIMP
Translated: "Stick with Wall St. They always have your back."
BQ + CM = two douches!
This man is utterly shameful, crass and hollow.
I didn't watch the clip - Obamney was in it too?
Well some people here may believe in the concepts of heaven, hell, purgatory, kharma, fate, do unto others, eternal damnation, etc.
My guess is Buffett and Munger are too intelligent and logical to consider those concepts. Well their time is short and I personally would not want to be in their shoes or their soul.
Wait - is he saying invest in China or Germany?
FUCK YOU CHARLIE YOU SENILE OLD FUCK ! (HE MUST NOT BE VIEWING THE WORLD WITH HIS "GOOD EYE")
Charlie seems to have touched a nerve or three......
A new record number of comments in the first hour after posting?
The old neo-con and neo-liberal white dudes are getting scared
munger
is a financial muppet...
"but civilized people don't buy gold - they invest in productive businesses"
He probably considers what the Fed is doing productive and those people are investing in the inflation the Fed is creating. If the fed thinks inflation is productive who are gold investors to disagree.
When the dollar gets trashed we'll see what 'old Charlie boy' has to say about silver and gold then !
http://www.youtube.com/watch?v=Rk0xqDcHu04
Holy Whiskey Tango Foxtrot, Batman! I'm not even sure where to start with Munger's quote, but it does give us some insight into his perverse character.
I think it's a ZH single-thread record for calling Chollie Muncher a "douchebag" on this thread.
Please do a wordcloud for the replies on this post.
Munger, douchebag, Munger, douchebag, Munger, douchebag, Munger, douchebag.