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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 - 15:29 | 2397836 fuu
fuu's picture

Says the dude with the Hitler Wave for a hairdo.

Fri, 05/04/2012 - 15:30 | 2397837 Xue
Xue's picture

in other words, jews are not civilized people?

Fri, 05/04/2012 - 15:36 | 2397882 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

That was my first thought.

 

"Is this guy an anti-semite, an economic illiterate or just a jerk?"

Fri, 05/04/2012 - 15:52 | 2397963 Bastiat
Bastiat's picture

d) all of the above and more

Fri, 05/04/2012 - 16:54 | 2398235 tmosley
tmosley's picture

Come to think of it, he may be right.  The largest buyers of gold are central bankers, after all.

Fri, 05/04/2012 - 19:28 | 2398539 Gashole
Gashole's picture

We have done more to civilize the world than any other group.  Loser. 

Fri, 05/04/2012 - 15:29 | 2397839 wherewasi
wherewasi's picture

Hmmm;  somewhat insensitive, no?

Fri, 05/04/2012 - 15:29 | 2397840 lolmao500
lolmao500's picture

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.

Fri, 05/04/2012 - 15:30 | 2397841 Tenshin Headache
Tenshin Headache's picture

Wow he is scary

Fri, 05/04/2012 - 15:30 | 2397842 carbonmutant
carbonmutant's picture

Marie Antoinette by any other name...

Fri, 05/04/2012 - 15:46 | 2397846 lizzy36
lizzy36's picture

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.

Fri, 05/04/2012 - 15:46 | 2397931 hedgeless_horseman
hedgeless_horseman's picture

 

 

They were swallowing their diamonds in 1939.

Indeed.  McQueen and Hoffman were great in Papillon.

 

Fri, 05/04/2012 - 16:21 | 2398087 Oldrepublic
Oldrepublic's picture

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.

Fri, 05/04/2012 - 16:26 | 2398119 hedgeless_horseman
hedgeless_horseman's picture

 

 

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.

Fri, 05/04/2012 - 19:16 | 2398523 Ricky Bobby
Ricky Bobby's picture

I know many people are partial to Bullet but Papillion for me is the greatest Steve McQueen movie. 

Fri, 05/04/2012 - 15:30 | 2397849 Bubble
Bubble's picture

What a clown shoe

Fri, 05/04/2012 - 15:31 | 2397850 Stuart
Stuart's picture

Hey Chuck, FU!  Once a Douche, always a Douche.  

Fri, 05/04/2012 - 15:33 | 2397851 qussl3
qussl3's picture

Sure Charlie boy, buy productive companies like BYD.

Fri, 05/04/2012 - 15:31 | 2397852 junkyardjack
junkyardjack's picture

The truth comes out as to who is buying gold.  No surprises...

Fri, 05/04/2012 - 15:32 | 2397857 TheSilverJournal
TheSilverJournal's picture

"Civilized people" take whatever paper crap that's being shoved down their throat.

That is if civilized people = sheeple.

Fri, 05/04/2012 - 15:33 | 2397858 bdc63
bdc63's picture

unfuckingbelievable

Fri, 05/04/2012 - 15:36 | 2397860 khakuda
khakuda's picture

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.

Fri, 05/04/2012 - 16:43 | 2398200 fuu
fuu's picture

How about set to some "Battle Hymn of the Republic"?

www.youtube.com/watch?v=XCXcQ1oBoo4

Fri, 05/04/2012 - 15:33 | 2397865 Peter Pan
Peter Pan's picture

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?

Fri, 05/04/2012 - 16:18 | 2398071 NotApplicable
NotApplicable's picture

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.

Fri, 05/04/2012 - 15:34 | 2397866 ChacoFunFact
ChacoFunFact's picture

end usury

Fri, 05/04/2012 - 15:34 | 2397870 Dangertime
Dangertime's picture

Tell you what Munger.

 

I'll be the barbarians and you be the romans.

Sat, 05/05/2012 - 01:24 | 2398961 F. Bastiat
F. Bastiat's picture

In the grand scheme of things, you lost.

Sat, 05/05/2012 - 12:16 | 2399382 Dangertime
Dangertime's picture

Not at all.  The barbarians were anybody who "wasn't Roman".

 

Rome collapsed from the inside, whilst the barbarians just walked right in.

Fri, 05/04/2012 - 15:34 | 2397873 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

Sew it into my clothes to prevent confiscation eh?  I never thought of that. 

 

Thanks Charles!

Fri, 05/04/2012 - 15:54 | 2397975 Matt
Matt's picture

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.

Fri, 05/04/2012 - 17:52 | 2398384 CPL
CPL's picture

You honestly think that cheap airlines are going to be around much longer?

 

 

Sat, 05/05/2012 - 16:04 | 2399758 Cathartes Aura
Cathartes Aura's picture

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.

Busted: Easy Jet – A “Cheap Tickets” Airline Is Caught Spraying Chemtrails Over Europe


It has long been suspected that discount airlines can only afford to sell cheap tickets when the owners sign secret contracts to spray toxins over the population and into the cabins of aircraft that fly near where the aerosols have been sprayed.

http://aircrap.org/busted-easy-jet-cheap-tickets-airline-caught-spraying...

for those who remain in the dark:

Chemtrails: A List of UK Biological Warfare Tests Conducted In Populated Areas: 1949-1976 , page 1

http://www.abovetopsecret.com/forum/thread405919/pg1

Fri, 05/04/2012 - 15:35 | 2397875 ffart
ffart's picture

I still think it's a little too soon for Holocaust jokes. 

Fri, 05/04/2012 - 15:35 | 2397876 Silverhog
Silverhog's picture

Bozo's like Charlie are the whole reason were in this mess.

Fri, 05/04/2012 - 15:35 | 2397877 Bay of Pigs
Bay of Pigs's picture

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...

 

 

Fri, 05/04/2012 - 15:35 | 2397883 AccreditedEYE
AccreditedEYE's picture

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.

Fri, 05/04/2012 - 15:42 | 2397913 buzzsaw99
buzzsaw99's picture

No. Let him suffer through the diaper years.

Fri, 05/04/2012 - 16:17 | 2398063 AccreditedEYE
AccreditedEYE's picture

+1 LOL

Fri, 05/04/2012 - 15:36 | 2397884 JustObserving
JustObserving's picture

All Central banks hold gold.  How barbaric of them. 

Fri, 05/04/2012 - 15:36 | 2397885 NewWorldOrange
NewWorldOrange's picture

Ironic. This guy talks about "gold bugs" like Hitler talked about pre-holocaust Jews.

Sat, 05/05/2012 - 02:23 | 2398990 AustriAnnie
AustriAnnie's picture

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. "

Fri, 05/04/2012 - 15:36 | 2397886 EBR MOD 0
EBR MOD 0's picture

Guess he saw that one happening back then...8-(

Fri, 05/04/2012 - 15:39 | 2397887 ZeroPoint
ZeroPoint's picture

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.

 

 

 

Fri, 05/04/2012 - 15:48 | 2397938 Bay of Pigs
Bay of Pigs's picture

+1

Comment of the week, hands down

Fri, 05/04/2012 - 15:49 | 2397946 SumSUN
SumSUN's picture

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.

Fri, 05/04/2012 - 15:55 | 2397979 Chupacabra-322
Chupacabra-322's picture

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?

Fri, 05/04/2012 - 16:48 | 2398218 Andy Lewis
Andy Lewis's picture

Best switch to a better brand of rotgut whiskey, chump.  Whatever yer swilling now has rotted out yer brain as well.

Fri, 05/04/2012 - 17:12 | 2398301 Chupacabra-322
Chupacabra-322's picture

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

Sat, 05/05/2012 - 17:28 | 2399903 jwoop66
jwoop66's picture

Not into the whole "the jews did it" thing, but are you talking about Soros?

Fri, 05/04/2012 - 20:20 | 2398630 zerozulu
zerozulu's picture

He is sending hidding signal to all Jews. Buy gold

Sat, 05/05/2012 - 11:22 | 2399281 WmMcK
WmMcK's picture

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.

Fri, 05/04/2012 - 15:37 | 2397888 imaginalis
imaginalis's picture

Civilised people are not cheats like this insider

Fri, 05/04/2012 - 15:38 | 2397894 PaperBear
PaperBear's picture

Does this mark the bottom for gold and silver ?

Fri, 05/04/2012 - 15:38 | 2397897 mikesswimn
mikesswimn's picture

Interesting, I would've never guessed that civilized people are retarded. Learn something new every day.

Fri, 05/04/2012 - 15:38 | 2397898 Loco Vida
Loco Vida's picture

So...........guess that means central bankers arent civilized huh

thats a buy signal

Sat, 05/05/2012 - 11:32 | 2399298 WmMcK
WmMcK's picture

(G)old is a great thing to sow ... fixed it.

Fri, 05/04/2012 - 15:38 | 2397900 q99x2
q99x2's picture

He's up against a battle he can't win. Must be feeling pretty poor at his age. And, the vultures gather.

Fri, 05/04/2012 - 15:42 | 2397905 tocointhephrase
tocointhephrase's picture

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

Fri, 05/04/2012 - 15:41 | 2397907 SumSUN
SumSUN's picture

Does Munger realize this is 2012 and not 1980?  Only old people buy credit default swaps and "productive businesses".

Fri, 05/04/2012 - 16:19 | 2398081 NotApplicable
NotApplicable's picture

But does he have a reverse mortgage?

Fri, 05/04/2012 - 16:46 | 2398214 jumbo maverick
jumbo maverick's picture

Reverse mortgage now thats some funny shit

Fri, 05/04/2012 - 15:48 | 2397910 LouisDega
LouisDega's picture

Danger Young Will Robinson, Danger

http://www.youtube.com/watch?v=jocI_R8lMpM

Fri, 05/04/2012 - 15:42 | 2397911 Lost Wages
Lost Wages's picture

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?

Fri, 05/04/2012 - 15:42 | 2397912 Sudden Debt
Sudden Debt's picture

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.

Fri, 05/04/2012 - 15:43 | 2397916 Chupacabra-322
Chupacabra-322's picture

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.

Fri, 05/04/2012 - 18:05 | 2398413 my puppy for prez
my puppy for prez's picture

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.  

Fri, 05/04/2012 - 18:06 | 2398416 my puppy for prez
my puppy for prez's picture

Douglas Reed:  "The Grand Design"

and also Elizabeth Dilling and Nesta Webster!

Fri, 05/04/2012 - 15:43 | 2397917 Uchtdorf
Uchtdorf's picture

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.

Sat, 05/05/2012 - 02:30 | 2398994 AustriAnnie
AustriAnnie's picture

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. 

 

Fri, 05/04/2012 - 15:43 | 2397918 Bansters-in-my-...
Bansters-in-my- feces's picture

What can I say but ,Fuck you charlie Mongrol you piece of civilized shit.

Fri, 05/04/2012 - 15:45 | 2397922 Bazinga
Bazinga's picture

Hey Munger...ROT IN HELL you ancient cretin.

Fri, 05/04/2012 - 15:54 | 2397939 mayhem_korner
mayhem_korner's picture

 

 

Charlie Munger: a Barbarous Relic 

(Can we get one of them bosomy Snorgtees chicks to sport that on a tee?)

Fri, 05/04/2012 - 15:45 | 2397923 navy62802
navy62802's picture

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?

Fri, 05/04/2012 - 15:45 | 2397925 AnAnonymous
AnAnonymous's picture

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.

Fri, 05/04/2012 - 16:03 | 2398003 TheFourthStooge-ing
TheFourthStooge-ing's picture

Don't you have some laundry to wash?

 

Fri, 05/04/2012 - 16:12 | 2398045 AnAnonymous
AnAnonymous's picture

US citizen laundry is always clean.

Fri, 05/04/2012 - 16:56 | 2398245 tmosley
tmosley's picture

Norwegians still US citizens?

Fri, 05/04/2012 - 17:58 | 2398396 akak
akak's picture

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.

Sat, 05/05/2012 - 08:38 | 2399113 AnAnonymous
AnAnonymous's picture

Norwegians still US citizens?
_____________________________________________

Yes, why should not they be?

Sat, 05/05/2012 - 12:35 | 2399406 akak
akak's picture

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.

Fri, 05/04/2012 - 21:23 | 2398736 bag holder
bag holder's picture

I think when this guy says "US citizen", he's saying the same thing most of us mean by "sheeple" or "CNBC viewers".

Sat, 05/05/2012 - 12:43 | 2399416 akak
akak's picture

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.

Fri, 05/04/2012 - 23:04 | 2398856 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

US citizen laundry is always clean.

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?

 

Fri, 05/04/2012 - 15:46 | 2397926 Piranhanoia
Piranhanoia's picture

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?

Fri, 05/04/2012 - 15:46 | 2397928 Piranhanoia
Piranhanoia's picture

forgot to add;    You are a racist fascist pig Mr. Munger.

Fri, 05/04/2012 - 15:46 | 2397932 bobnoxy
bobnoxy's picture

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.

Fri, 05/04/2012 - 15:47 | 2397937 ali-ali-al-qomfri
ali-ali-al-qomfri's picture

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?

Fri, 05/04/2012 - 15:49 | 2397941 lizzy36
lizzy36's picture

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.

Fri, 05/04/2012 - 15:49 | 2397942 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Wow Charlie, just, wow.  When you would think someone can't say anything worse and do themself....

Fri, 05/04/2012 - 20:45 | 2398672 Withdrawn Sanction
Withdrawn Sanction's picture

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.

Fri, 05/04/2012 - 15:53 | 2397944 SeattleBruce
SeattleBruce's picture

"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.

Fri, 05/04/2012 - 15:51 | 2397950 frenchie
frenchie's picture

btw he looks quite jewish...

Fri, 05/04/2012 - 16:04 | 2398011 BanjoDoug
BanjoDoug's picture

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....

Fri, 05/04/2012 - 15:50 | 2397951 Apathetic or Wh...
Apathetic or Whatever's picture

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.

Fri, 05/04/2012 - 20:51 | 2398680 Withdrawn Sanction
Withdrawn Sanction's picture

I would like to throw an american eagle in the vacinity of his noggin..

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.

Fri, 05/04/2012 - 15:51 | 2397953 cjbosk
cjbosk's picture

The only thing Munger needs is a Death Panel, that'll put him where he'd be most useful, 6 feet under.

Fri, 05/04/2012 - 15:52 | 2397955 SumSUN
SumSUN's picture

Hello, my name is SumSUN.  Don't buy anything.

Fri, 05/04/2012 - 15:52 | 2397960 unique_snowflake
unique_snowflake's picture

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'!

 

Fri, 05/04/2012 - 18:12 | 2398116 web bot
web bot's picture

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.

Fri, 05/04/2012 - 15:53 | 2397961 Lost Wages
Lost Wages's picture

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.

Fri, 05/04/2012 - 15:51 | 2397962 Bastiat009
Bastiat009's picture

What he said and you didn't hear on CNBC: "gold is what niggers put on their teeth."

Fri, 05/04/2012 - 16:23 | 2398100 NotApplicable
NotApplicable's picture

I like to refer to that as "leveraging my dental plan."

Fri, 05/04/2012 - 15:52 | 2397966 Quinvarius
Quinvarius's picture

Munger is such a GD loser.  Yeah Munger.  In terms of real money, your portfolio has been crashing for ten years.  Stop crying.

Fri, 05/04/2012 - 15:53 | 2397970 debtor of last ...
debtor of last resort's picture

Civilized people don't buy gold??!!
'Civilized' people fucked up my world!

Fri, 05/04/2012 - 15:53 | 2397971 jrpuffnstuff
jrpuffnstuff's picture

Man does that old cocksucker give me the giggles!  Mutha fucka!

Sat, 05/05/2012 - 17:31 | 2399907 jwoop66
jwoop66's picture

oops! I think he just shit himself... and Becky doesn't even flinch.   amazing.

Fri, 05/04/2012 - 15:54 | 2397972 ziggy59
ziggy59's picture

Of course! It is a barbarous relic . Only uncivilized people buy it..

..and what about Central Banks? What are they called?

Fuckin Smart

Fri, 05/04/2012 - 15:54 | 2397974 MrBoompi
MrBoompi's picture

Right, the only civilzed people on the planet are the ones who short gold and silver.

Fri, 05/04/2012 - 15:54 | 2397976 Platinum_Investor
Platinum_Investor's picture

I own and invest in businesses as well as own Gold and Silver. 

Fri, 05/04/2012 - 16:48 | 2398222 Bastiat
Bastiat's picture

Well then, you must be a jew.

Fri, 05/04/2012 - 18:23 | 2398448 Bastiat
Bastiat's picture

That was Munger-think.  

Fri, 05/04/2012 - 15:56 | 2397983 TWSceptic
TWSceptic's picture

Buffet had a bad relation with his father who liked gold. What's Munger's excuse apart from being an old douchebag?

Fri, 05/04/2012 - 16:48 | 2398221 Oldrepublic
Oldrepublic's picture

Congressman Howard Buffet, 5/6/48

said Human freedom rests on gold redeemable money

http://www.lewrockwell.com/orig12/buffett1.1.1.html

Fri, 05/04/2012 - 17:41 | 2398351 delacroix
delacroix's picture

maybe he had a bad relationship with buffet's father too.

Fri, 05/04/2012 - 16:00 | 2397995 surf0766
surf0766's picture

It's 4 PM do you know where your money went today?

Fri, 05/04/2012 - 16:00 | 2397997 moofph
moofph's picture

...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.

Fri, 05/04/2012 - 16:02 | 2397998 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

"civilized people...they invest in productive businesses."

 So with his logic, that means buy mining stocks, never buy bank stocks, & short European & American companies.

 

Fri, 05/04/2012 - 16:01 | 2397999 vintageyz
vintageyz's picture

Shit, that guy can't even see how to button his own garments.

Fri, 05/04/2012 - 16:03 | 2398001 Matt
Matt's picture

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.

Fri, 05/04/2012 - 16:05 | 2398012 HedgeOn
HedgeOn's picture

souless...evil...bastard

 

Fri, 05/04/2012 - 16:05 | 2398013 the not so migh...
the not so mighty maximiza's picture

This man is a genius, I am now going all in on myspace.com

Fri, 05/04/2012 - 16:12 | 2398026 epwpixieq-1
epwpixieq-1's picture

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.

Fri, 05/04/2012 - 16:09 | 2398029 EvlTheCat
EvlTheCat's picture

The Central Bank barbarians don't seem to agree with you.  Maybe your glasses are interfering with your reception?  Better jiggle the knob!

Fri, 05/04/2012 - 16:10 | 2398036 Uncle Remus
Uncle Remus's picture

Paging Mel Gibson.

Fri, 05/04/2012 - 16:12 | 2398040 JenkinsLane
JenkinsLane's picture

In other news today: "Butter is the Devil's Spunk" says Margarine Marketing Board. 

 

Fri, 05/04/2012 - 16:13 | 2398052 walcott
walcott's picture

buy the living dog out of gold and silver!

Fri, 05/04/2012 - 16:17 | 2398064 Benjamin Glutton
Benjamin Glutton's picture

He meant to say gold is interfering with Bernanke's ability to print.

Fri, 05/04/2012 - 18:50 | 2398487 DosZap
DosZap's picture

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.

Sat, 05/05/2012 - 01:20 | 2398959 F. Bastiat
F. Bastiat's picture

Indeed; the ghost of Stuart Chase, if you will.

Fri, 05/04/2012 - 16:17 | 2398072 Island_Dweller
Island_Dweller's picture
First they ignore you, then they laugh at you, then they fight you, then you win.  Ghandi

 

He's not ignoring or laughing, I guess this is a fight now!

Fri, 05/04/2012 - 16:46 | 2398216 cfosnock
cfosnock's picture

No I think they combinded the laugh and fight together

Fri, 05/04/2012 - 16:18 | 2398073 Smokey1
Smokey1's picture

Check out Munger's comment at 18:54 in the video. ROFLMAOPIMP

Fri, 05/04/2012 - 16:39 | 2398186 Temporalist
Temporalist's picture

Translated: "Stick with Wall St.  They always have your back."

Fri, 05/04/2012 - 16:18 | 2398079 crzyhun
crzyhun's picture

BQ + CM = two douches!

Fri, 05/04/2012 - 16:22 | 2398091 web bot
web bot's picture

This man is utterly shameful, crass and hollow.

Fri, 05/04/2012 - 16:22 | 2398098 Uncle Remus
Uncle Remus's picture

I didn't watch the clip - Obamney was in it too?

Sat, 05/05/2012 - 01:49 | 2398976 Freddie
Freddie's picture

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.   

Fri, 05/04/2012 - 16:22 | 2398094 Uncle Remus
Uncle Remus's picture

 

they invest in productive businesses.

Wait - is he saying invest in China or Germany?

Fri, 05/04/2012 - 16:32 | 2398096 scragbaker a ca...
scragbaker a cape cod clamdigger's picture

FUCK YOU CHARLIE YOU SENILE OLD FUCK !  (HE MUST NOT BE VIEWING THE WORLD WITH HIS "GOOD EYE")

Fri, 05/04/2012 - 16:23 | 2398102 Quixote2
Quixote2's picture

Charlie seems to have touched a nerve or three......

A new record number of comments in the first hour after posting?

Fri, 05/04/2012 - 16:25 | 2398117 Shizzmoney
Shizzmoney's picture

The old neo-con and neo-liberal white dudes are getting scared

Fri, 05/04/2012 - 16:26 | 2398118 mt paul
mt paul's picture

munger

is a financial muppet...

Fri, 05/04/2012 - 16:27 | 2398122 Inspector Bird
Inspector Bird's picture
I respect Charlie Munger. But he misses a key point when he says "civilized people don't buy gold". This is true. But civilized people don't rely on corrupt politicians to manage their economy, either. When they do, they rely on gold. Which is PRECISELY WHY Jews sewed it into their garments in 1939. So he's right, but so completely wrong that he doesn't even realize it.
Fri, 05/04/2012 - 16:30 | 2398148 GernB
GernB's picture

"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. 

Fri, 05/04/2012 - 16:34 | 2398175 scragbaker a ca...
scragbaker a cape cod clamdigger's picture

When the dollar gets trashed we'll see what 'old Charlie boy' has to say about silver and gold then ! 

Fri, 05/04/2012 - 16:33 | 2398160 Cursive
Cursive's picture

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.

Fri, 05/04/2012 - 16:35 | 2398177 Temporalist
Temporalist's picture

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.

Sat, 05/05/2012 - 03:38 | 2399021 ebworthen
ebworthen's picture

Munger, douchebag, Munger, douchebag, Munger, douchebag, Munger, douchebag.

Do NOT follow this link or you will be banned from the site!