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 - 15:51 | 2397952 Bollixed
Bollixed's picture

C'mon MDB, you can do better than that. What is this, your day off?

Fri, 05/04/2012 - 15:55 | 2397978 SilverIsKing
SilverIsKing's picture

He's sitting on the beach in Fukushima typing on his iPad.

Fri, 05/04/2012 - 15:58 | 2397989 mayhem_korner
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...enoying hors d'oeuvres of local shellfish and earless rabbit.

Fri, 05/04/2012 - 15:59 | 2397993 Doubleguns
Doubleguns's picture

Really, I could have swore I saw him in Cleveland under a bridge.

Fri, 05/04/2012 - 22:44 | 2398836 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

Really, I could have swore I saw him in Cleveland under a bridge.

A troll bridge?

Sorry, I couldn't help myself.

 

Fri, 05/04/2012 - 15:53 | 2397973 Dr. Engali
Dr. Engali's picture

Good one MDB.

Fri, 05/04/2012 - 15:54 | 2397977 XitSam
XitSam's picture

Ha ha ha, he said "respected government officials". 

Fri, 05/04/2012 - 16:11 | 2398034 cranky-old-geezer
cranky-old-geezer's picture

 

 

Let's talk again after the dollar collapses and loses WRC status.   :)

Sat, 05/05/2012 - 11:35 | 2399306 prole
prole's picture

OK ..... See you next week!

Fri, 05/04/2012 - 16:12 | 2398039 in4mayshun
in4mayshun's picture

"these goldbugs seem to literally hate everybody in positions of authority, from respected government officials to esteemed economists and financial professionals."

If you could please point out some of these people as I am unaware of any.

Fri, 05/04/2012 - 18:33 | 2398458 DosZap
DosZap's picture

"these goldbugs seem to literally hate everybody in positions of authority, from respected government officials to esteemed economists and financial professionals."

If you could please point out some of these people as I am unaware of any.

 


Could it possibly be from the fact, they usually 95% wrong, and /or Lie to us?, and expect us to believe it.

Kinda tough statement you made there, when you have VIDEO tapes of these RESPECTABLE folks saying one thing, and a year of two later,saying just the opposite,again on Video tapes!!

How can you respect anyone who changes /lies, and obfuscates on their positions 95% of the time?.

You miss a HUGE point Charlie, we would LOVE to be able to have the ability to do exactly what you do, respect and trust once lost is impossible to regain. Respect it is earned, not given, screw me once shame on you, screw me twice shame on me.

It's called Character once lost,never can one regain it.

PS: And I am not a Gold Bug, do not even like the term.

I hate people of your ilk has made us /put us in the position to have to own ONE ounce for self preservation!.

Should I trust the markets yet ONCE more??,after getting being taken out TWO times in the last 30yrs?....................that my little  friend, is the definition of INSANITY.

I do not have time to regain it after one more  GANG rape.

Fri, 05/04/2012 - 16:16 | 2398066 lizzy36
lizzy36's picture

It scares me that commentors on this SITE, don't get sarcasm nor understand irony.

Perhpas reading for comprehension, instead of quick draw on the downtick button is the solution ;).

I for one adore esteemed economists, especially the Nobel prize winning Ph.d variety. Thinking of getting a nice Chianti and some fava beans to go with my favorite economist.

Fri, 05/04/2012 - 22:13 | 2398797 Likstane
Likstane's picture

When in doubt, throw the sarc tag on it.  Some of these dudes throw out some high grade ascerbic witticisms.   I for one ain't exactly Einstein. 

Fri, 05/04/2012 - 20:54 | 2398686 aaxiom
aaxiom's picture

"respected" + "government official" = "oxymoron"

"Authority" is the antithesis of "freedom."

The lack of self-esteem is to seek to have others rule over you. I want none of that... I have too much self-RESPECT to tolerate it.

Fri, 05/04/2012 - 21:20 | 2398733 Debt-Is-Not-Money
Debt-Is-Not-Money's picture

Oxygen thief!

Sat, 05/05/2012 - 15:17 | 2399688 Cathartes Aura
Fri, 05/04/2012 - 22:26 | 2398812 Vendetta
Vendetta's picture

"Many of these goldbugs seem to literally hate everybody in positions of authority, from respected government officials to esteemed economists and financial professionals."

We don't hate them, we just don't believe them nor respect them.  Let's talk about in a few years. 1+ trillion deficits a year.... tick, tock, tick, tock

Fri, 05/04/2012 - 22:39 | 2398829 superbroker1
superbroker1's picture

Wonder who the 17 retards are the gave a green arrow on MDB's comment. They're joking right? People in positions of power fucked us all.. Corzine? I was a Lind Waldock/ mf global broker, that fucker took 20% of my income and forced me to buy mf at avg price of 7 bucks. And I didn't even get my last commission check. Fuckers! Oh well, short spoo and oil from Tuesday. Both are going down like MDB on Obama in an alley.

Fri, 05/04/2012 - 16:55 | 2398238 Stoploss
Stoploss's picture

Here's some quality companies Charlie.

YELP, ZNGA, GRPN, NFLX, FB, etc..

They specialize in wasting time.

Fri, 05/04/2012 - 15:32 | 2397854 FEDbuster
FEDbuster's picture

He and Buffett need to do a "Thelma and Louise" into the shit abyss they helped to create.

The Jews won't be running this time, get ready for thermal nuclear war, bitchez!

Fri, 05/04/2012 - 16:11 | 2398037 Chuck Walla
Chuck Walla's picture

Just exactly what the fuck does Charlie care about what anybody buys?  Look at the price of Berkshire, asshole, you sure don't want any of the "little people" buying into that. So, why all the sudden concern for the peons?

 

God, what  a miserable elitist...

Fri, 05/04/2012 - 16:39 | 2398185 knukles
knukles's picture

Primo.

One of the most insightful comments in a long time.

Plus....
WTF is going on?
Santelli marginalized this morning, Doctor Wanker here cutting gold bugs via diversion and dissimulation, Lloyd Darkfiend on a week or two ago defending the Squid personally?  And then they're hiring somebody for social media spot.  What happened to Van Prannng or whothefuckeverelse?
I mean, it's seriously like those esteemed of authority are pulling out ALL THE FUCKING PLUGS for some Yet Unknown Reason.

Seriously....
Some yet unknown.....

Fri, 05/04/2012 - 19:59 | 2398591 Uncle Remus
Uncle Remus's picture

prole holocaust.

Fri, 05/04/2012 - 20:31 | 2398646 Withdrawn Sanction
Withdrawn Sanction's picture

No, I dont think so....they're acting much more like they keep seeing karma behind them in the mirror...and it scares them into fits of irrationality.

Fri, 05/04/2012 - 22:48 | 2398839 TheFourthStooge-ing
TheFourthStooge-ing's picture

knukles said:

WTF is going on?
Santelli marginalized this morning, Doctor Wanker here cutting gold bugs via diversion and dissimulation, Lloyd Darkfiend on a week or two ago defending the Squid personally?

Next thing you know they'll be trotting out Blythe Masters. When you see her on CNBC trying to spin things the right way, you'll know the end is near.

Oh, wait...

 

Fri, 05/04/2012 - 16:17 | 2398074 in4mayshun
in4mayshun's picture

"What was the Holocaust? Did they make a movie about it?"

The Holocaust was a situation in which a group of people were too lazy and ignorant to protect themselves from a clear and obvious deadly threat from their Government and its' psychotic leaders. The warning signs were all there but they chose to live in a fairy tale world until it was to late and they died.

In the the mid 19th century we referrred to these people as Jews. Today we call them Americans.

Fri, 05/04/2012 - 16:39 | 2398183 jumbo maverick
jumbo maverick's picture

You sir hit that right out of the park

Fri, 05/04/2012 - 18:51 | 2398474 New World Chaos
New World Chaos's picture

The door was open for years but less than 1% of Jews emigrated.  There weren't many survivalists or gun nuts either.  Note to paranoid gold bugs:  The Swiss banks effectively confiscated Jewish gold because the Nazis were not kind enough to provide death certificates to heirs.  These were the same banks that laundered gold teeth for the Nazis.  Don't trust bank safe deposit boxes.  Don't trust probate.

Fri, 05/04/2012 - 19:04 | 2398507 Infinite QE
Infinite QE's picture

I have a slight disagreement with you, kind sir. I would say "Today we call them shareholders", as Berkshire Shitaway depends at its core to having braindead shareholders, who are not paying attention to the rapid decay of their investment in BS. The gig is up and Munger knows it. 

Fri, 05/04/2012 - 20:13 | 2398620 GOSPLAN HERO
GOSPLAN HERO's picture

The wise King Solomon owned several "productive businesses" they were called gold mines.

Sat, 05/05/2012 - 09:17 | 2399135 hivekiller
hivekiller's picture

There was no holocaust. It's another lie just like all the other lies told by Jews. As for hoarding gold in their clothing, did you hear the one about the "holocaust survivor" who had diamonds sewn into her clothing. She supposedly ate them, shit them, and ate them again. Another tale from these tribe of wackos.

Fri, 05/04/2012 - 15:25 | 2397811 idea_hamster
idea_hamster's picture

What . A . Total . Douchebag.

Fri, 05/04/2012 - 16:08 | 2398025 in4mayshun
in4mayshun's picture

Holy monkey balls, this dude should be able to see Venus with those glasses.

Fri, 05/04/2012 - 18:29 | 2398461 krispkritter
krispkritter's picture

It's like Buffet and Mr. Magoo had an illegitimate love child...with Progeria...

He should be able to see footsteps on the lunar landscape during tomorrow's Supermoon.

Fri, 05/04/2012 - 15:27 | 2397819 battle axe
battle axe's picture

Charlie Munger's attitude these days is: " Fuck it, I am 1000yrs old and rich, I will say what ever I want and if you don't like it, Blow Me."

Fri, 05/04/2012 - 17:20 | 2398313 Stochdoc
Stochdoc's picture

Well, Becky probably would.  She seems to slobber Warren's knob whenever she gets the chance.

Fri, 05/04/2012 - 22:30 | 2398820 Vendetta
Vendetta's picture

they're dredging from the bottom of the barrel of 'confidence men' to diss sound money.

Fri, 05/04/2012 - 15:26 | 2397820 CvlDobd
CvlDobd's picture

Yes, The Hangover 2.

Fact, they gave out rings at the holocaust. Must of been why they smuggled in gold. Gold rings.

Fri, 05/04/2012 - 15:54 | 2397969 SheepDog-One
SheepDog-One's picture

So gold is good for Jews, but not 'civilized people'? 

Fri, 05/04/2012 - 16:17 | 2398048 Chuck Walla
Chuck Walla's picture

The luckier Jews used their gold to bribe the guards.  How am I supposed to eat If I don't have something you want, Herr Charles?  And fiat won't be anything anyone wants. I really cant get yuan in good quanitiy, so what then? Cheap sex?

Fri, 05/04/2012 - 21:29 | 2398739 Yes_Questions
Yes_Questions's picture

 

 

and some of the luckier made there way out of the occupation through a certain tobacco shop of Questionable Dutch ancestry.

 

;-)

Fri, 05/04/2012 - 16:06 | 2398016 in4mayshun
in4mayshun's picture

Someone should make a reality TV show where contestants smoke a fat bowl of weed then interview this dweeb and try to keep a straight face. The person that goes the longest without breaking into hysterics wins....a date with Warren Buffet.

Fri, 05/04/2012 - 21:16 | 2398726 Yes_Questions
Yes_Questions's picture

 

 

Dude?!???

Where's my babe?

Fri, 05/04/2012 - 16:14 | 2398058 LasVegasDave
LasVegasDave's picture

When it comes to gold, we're all Yids

Fri, 05/04/2012 - 16:26 | 2398112 Sudden Debt
Sudden Debt's picture

Yet, it's called Titanic.

Fri, 05/04/2012 - 16:29 | 2398141 ghost of WaddellReed
ghost of WaddellReed's picture

looks like he is doped up on painkillers......maybe he thought about the holocaust reference while taking a bath?

Fri, 05/04/2012 - 16:56 | 2398240 El Oregonian
El Oregonian's picture

Anyone who is a partner with Buffet is a dirtbag piece of shit screw him...

Fri, 05/04/2012 - 21:12 | 2398721 Yes_Questions
Yes_Questions's picture

 

 

Just had bad bath-twosome visual.

 

Sat, 05/05/2012 - 02:06 | 2398985 putaipan
putaipan's picture

mmmmmmmmmm .  ooey-gooey/doubledouble. 

Fri, 05/04/2012 - 16:57 | 2398248 lumen ex lumine
lumen ex lumine's picture

TD: Munger didn't say "pre-holocaust Jews". That's your paraphrase. So it shouldn't be in quotes (") in your heading.

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