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Old Man Yells At Bitcoin Again

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First published at 17:00 UTC on February 18th, 2022.

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In this video, I discuss Munger's recent interview, in which he warns of high inflation and US dollar devaluation, but somehow still finds reasons to hate Bitcoin.

…

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In this video, I discuss Munger's recent interview, in which he warns of high inflation and US dollar devaluation, but somehow still finds reasons to hate Bitcoin.

Munger repeats the common Bitcoin FUD about Bitcoin being used for illegal purposes, being a speculative bubble, etc. He fails to see the irony of someone like him, who has benefited massively from the money printers and corrupt US banks, criticizing Bitcoin for these things.

Munger is also in favor of CBDC's (central bank digital currencies), though he doesn't seem to understand the difference between the current digital dollar and the surveillance properties of a future "FedCoin."

Not investment advice! Consult a financial advisor.

Charlie Munger interview:
https://www.youtube.com/watch?v=GNTczyGLdhc&ab_channel=YahooFinance

Munger hates Bitcoin:
https://sports.yahoo.com/warren-buffetts-business-partner-charlie-munger-bitcoin-disgusting-stupid-immoral-turds-202914916.html

Currency devaluation and the end of empires:
https://www.youtube.com/watch?v=PR9vDiVTKnU&ab_channel=TraderUniversity

Christine Lagarde convicted:
https://www.bbc.com/news/world-europe-38369822

Wells Fargo launders drug money:
https://www.businessinsider.com/wells-fargo-banker-money-laundering-drug-cartel-sinaloa-mexico-2019-5

Warren "Bailout" Buffett:
https://www.businessinsider.com/warren-bailout-buffett-2009-8
https://www.wsj.com/articles/BL-DLB-23718

Richard Cantillon:
https://en.wikipedia.org/wiki/Richard_Cantillon

Coca Cola and diabetes:
https://www.nytimes.com/2018/07/14/world/americas/mexico-coca-cola-diabetes.html

Munger's dystopian dorm:
https://www.fastcompany.com/90691841/how-to-design-a-humane-dorm-hint-dont-let-a-billionaire-do-it

Munger compares crypto to venereal disease:
https://www.marketwatch.com/story/charlie-munger-compares-crypto-to-venereal-disease-warns-of-inflation-danger-11645056607

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