EDITOR'S NOTE: An inflation bubble bursting—much worse than anything we experienced in the 1970s. If there’s any billionaire investor next to Warren Buffett who you’d describe as conventional, even-tempered, middle-of-the-road, and maybe even “proper” by Wall Street standards, it would be Charlie Munger. Like Buffett, you wouldn’t expect him to blurt out opinions that haven’t been mulled over several times, nor would you expect to hear anything too controversial come out of his mouth. And certainly, you would never hear anything alarmist from this respectable icon of an investor. So, when he does say something alarmist, most people might want to deeply consider his opinion that something is truly going wrong. A few weeks ago, Munger made a prediction that would certainly have many investors worried. Munger foresees AN ECONOMIC DISASTER WHERE EVERYTHING WILL COLLAPSE. What would compel such a respectable and even-keeled investor to make such a dismal forecast? Well, the Federal Reserve’s money printing over the past few years is one. The rest you’ll have to see for yourself in the video to follow. As Munger says, “you may wish you had a Volcker-style recession instead of what you’re going to get.” What he predicts is about to happen is infinitely much worse.
Originally published by FREENVESTING on YouTube.