The Current Economic Crisis

[MrZo1o]

have you guys ever thought that Warren Buffet and this guys are geniuses talk about beating the market, they have the best track record of investment in the history of civilization.... geniuses are not respected to full extent in their time, and after they pass away they shall joint the greats ... I am just appreciative that we have modern technology and can hear and learn from them

[grunder20]

Economy = DOWN.

Bieber = UP.

[Spla5tik]

@grunder20 mention that guy in a munger video again and i'll kidnap your children

[potpie921]

Great vid!

[thegreeensky]

wow.. greatly discussed... very interesting person..

[thebigfootme]

very informative!

[agapitoflores001]

So this is how the economy goes...

[aviomaster]

USA economy will not go bankrupt wright now , or in 2012 but This will be systematic decline year per year , Printing money to cover the losses NEVER worked Maybe Bernanke knows the secret.

Yugoslavian government with bailouts (it was stated owned production and distribution of goods)  so state was responsible for firms HUGE corruption and deficient production went into whirlpool of economic Black Hole. Ending in Yugoslavian civil WAR 1991.

[455gs1]

if the small business and small people are in the system which include FAIL. then that should apply to big business and big people too.

[ozzycriss]

Charlie said don't buy gold , i don't have a slight interest interest in gold . Even if it works and you make money your a jerk . . . . . . . What a clueless dinosour

[camilocuesta]

@ozzycriss A billioner "clueless dinosaur" though,

[ozzycriss]

@camilocuesta A billioner criminal yes , he and his buddies own and game the system every step of the way . They steal from the poor to give to themselves , there untouchable because its there system . They will not play on a even playing field .

[partlycloudychanceof]

@ozzycriss Because they totally didn't work from the ground up, and it's not like Munger has donated millions to universities and it's not like his salary from berkshire is only 100,000$ and the rest of his money comes from stocks he bought on the free market. Oh wait...

[jooks223]

@ozzycriss shush.

[pritchard12]

@ozzycriss If he's a 'clueless dinosaur' what does that make you?

[Flashwar]

@ozzycriss go and learn english first before commenting on a great man in business.

[qwertypoiu4321]

The US Federal State caused the economic contraction, NOT deregulation.

[HomerDBraver]

Thank God dinosaurs like this guy are going extinct.

[erditcokaj]

@HomerDBraver huh?? it is a shame that stupid nonsense videos of bieber,gaga etc have millions of views and this one has only a few thousand.If you think people like this deserve to go extinct,than you certainly no idea how finance works, Everything he has ever said has come true. He warned of this in 2000, he warned of 2000 in 96, he warned of 87 in 86....Go read the Berkshire annual reports for clues...

[HomerDBraver]

@erditcokaj I don't like all those biebers and gagas either,finances work by domination of the world's resources and extorting the world's population with it,It's That Simple,although power struggles between the rich are alot more complicated.

[erditcokaj]

@HomerDBraver I did not speciflly understand that "dinosaur" part. As for the finance explanation you gave me a typiclly academic response which takes three semesters to explain and another four to understand.His philosophy and that of many people who follow him is pretty simple and has worked perfectly for many decades.

[zys714]

i am concerned about his health, he aged quickly since last year...

[fifadude04]

life is simple we just have to turn "trade into share",no homicide and many other thing about population and the economical system man people just need to care and come together, cannabis would help aha cause its proven by science that it triggers creativity 

[sgentlemanjack112]

this is a criminal...arrest his ass!

Market manipulation is the core of berkshire's business.... dont tell me about geico.

think "proprietary trading software"

[JackBassbusinessteam]

The newly released job numbers show a recovery but at our web site we are predicting much greater numbers in subsequent reports.

We credit " Obama-nomics" for the increasing , albeit modest upturn to date.

you can view the "Obama-nomics video " on you tube OR THE WEB SITE jackbassteam

[bruce3635]

Well, it looks as though every one just went criminal. So they've stolen over twenty-eight trillion. there's nothing we can do so I guess we just take it I guess. We are"very lucky". "Government coming in strong and heavy."

[jewishdad]

his grandson is my roommate. hella annoying mf.

[maninscottsdale]

But is he as smart as his grandfather?

[jewishdad]

hes smart, he spends all his time learning shit that has nothing to do with his major (comp sci).

[triwillb]

what stuff is that ?

and why's he so annoying?

sounds like an interesting situation...

[tandembicycling]

At about the 16 minute mark the interviewer refers to President-elect Obama. So this is over 1 year old--not Feb 2, 2010 as noted in the description. While interesting, I'd really like to hear what he thinks now.

[Ch33seMan]

@tandembicycling The description only gives the upload date. There is no date in the user-created description.

[dink65]

Munger said the problem is more pervasive, but we haven't contracted economically as bad as the 1930's.

To that I say - NOT YET!

The worst is yet to come........

[WebmasterWSDF]

Charlie Munger tells it like it is. It is a breath of fresh air to hear strait talk.

[ngogerty]

Charlie Rocks and his understanding of large systems dynamics is very deep.

[LeeGrasswalker]

yo tha guys voice in the beginning sounds like a text to speech program

[mintoo2cool]

@LeeGrasswalker i was thinking the same thing ... stanford guys have created an android for interviewing ... so that if the interviewee is too boring the interviewer would not fall asleep

[snyggmikael]

haha ok..I bet he IS an expert,

and I wount prosume other.

But why did we fail to be "wise"..

Could it be, that we hade/have our motivation ass backwards?

..sigh

[syberraith]

I appreciate Mr, Munger shedding some light on how we got into to this mess. I'd like to know who proposed those rules and how did they get passed in congress..

Granted there may be some NWO bias in this video, it does strike me as mostly truthful.

If things are as bad as claimed, I have to recognize the economic conditions here in the US are declining relatively slowly. So at least our government seems to be cushioning our fall as best it can.

Time will tell...

[juanfranlopez]

zzzzzzzzzzzzzzzzzzzzzz

[seanmPWH]

Warning! this video is a PR piece for the Federal Reserve.

It's high time to abolish the Federal Government along with the Federal Reserve, we do not need either one. It's time for the states to secede.

[PTurchan1]

I thumbed you down for not producing any substantive evidence. Also, if you are going to link me to one of your videos on your conspiracies, please don't: I've already seen your videos concerning evolution and that is more than enough inanity for me.

[checktofolder]

@PTurchan1

I thumbed you down. Try watching the video. Its all the evidence you need.

[PTurchan1]

@checktofolder

All the evidence that "this video is a PR piece for the Federal Reserve?"

[HigherPlanes]

I completely agree 100%

[checktofolder]

@seanmPWH

Gave you thumb up. That was a disturbing video and Mr Munger is a dangerous man.

I had heard he is a Libertarian. He isnt. He himself claims he is a right wing Republican. Thats more like it, and he is as dangerous as one. But he isnt that either. He is simply exactly the same as Buffet, a big government authoritarian left winger.

I wonder how much his companies have benefited from all the bailouts that he so approves of.

[secretbonus]

Its hilarious how he can say what a mistake it was for derrivatives, yet say it was great that obama brought in Summers, and gang(Rubin, Geithner, etc)

ummm... Does the repeal of the glass steagle act ring a bell? (cough sChitigroup) What do you think accelerated the sale of these toxic derivatives? The repeal of Glass Steagle allowed investment banks to sell these and accelerated the sale leading to this mess

Munger's not an idiot, but he must assume everyone watching is.

[capitalismforever]

@seanmPWH I couldn't figure out why someone would assert that this is a PR piece for the Federal Reserve then I watched some of your video's. You've got the intellect of a school child.