05-02-2021, 03:50 PM
Charlie Munger "hates Bitcoin's success", calls it contrary to interests of civilisa
<!-- SC_OFF --><div class="md"><p>The boomers are coming out of the woodwork, one after another, like cockroaches coming out of a cupboard that has been disturbed. Charlie Munger of Berkshire Hathway, flat out says he hates bitcoin's success because its used for kidnappers. Well cash is used by kidnappers a lot more than Bitcoin was ever used, but Charlie never said he hates cash too. </p> <p>He claims cryptocurrency is against civilisation's interests and a "disgusting development". Pretty strong words for something they clearly have no interest in.</p> <p>Berkshire Hathaway long term holdings like US Bank, Bank of America have meanwhile laundered billions of dollars. According to the FBI, Bank of America was used by Mexican drug cartels to launder money, the same cartels that kill lots of people who come in the way. Surely this drug money laundering and racketeering in the interests of civilisation. Charlie and Warren Buffet profiting from drug crime is also in the interests of civilisation. </p> <p>All the boomers suffer from crypto derangement syndrome. None of them saw crypto taking over like it has done. All of them wished it would just go away, like they predicted the internet would do. They are having a hard time stomaching the fact that cryto has time and again proven their thesis wrong. </p> <p>Warren Buffet and Charlie Munger are people who benefitted massively from Cantillon Effect, the broken economic system that continuously inflates their asset values to give them the illusion that their investments are brilliant, rather than a result of the constant debasement of the money supply inflating their investments.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/DetroitMotorShow"> /u/DetroitMotorShow </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n2t3av/charlie_munger_hates_bitcoins_success_calls_it/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n2t3av/charlie_munger_hates_bitcoins_success_calls_it/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>The boomers are coming out of the woodwork, one after another, like cockroaches coming out of a cupboard that has been disturbed. Charlie Munger of Berkshire Hathway, flat out says he hates bitcoin's success because its used for kidnappers. Well cash is used by kidnappers a lot more than Bitcoin was ever used, but Charlie never said he hates cash too. </p> <p>He claims cryptocurrency is against civilisation's interests and a "disgusting development". Pretty strong words for something they clearly have no interest in.</p> <p>Berkshire Hathaway long term holdings like US Bank, Bank of America have meanwhile laundered billions of dollars. According to the FBI, Bank of America was used by Mexican drug cartels to launder money, the same cartels that kill lots of people who come in the way. Surely this drug money laundering and racketeering in the interests of civilisation. Charlie and Warren Buffet profiting from drug crime is also in the interests of civilisation. </p> <p>All the boomers suffer from crypto derangement syndrome. None of them saw crypto taking over like it has done. All of them wished it would just go away, like they predicted the internet would do. They are having a hard time stomaching the fact that cryto has time and again proven their thesis wrong. </p> <p>Warren Buffet and Charlie Munger are people who benefitted massively from Cantillon Effect, the broken economic system that continuously inflates their asset values to give them the illusion that their investments are brilliant, rather than a result of the constant debasement of the money supply inflating their investments.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/DetroitMotorShow"> /u/DetroitMotorShow </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n2t3av/charlie_munger_hates_bitcoins_success_calls_it/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n2t3av/charlie_munger_hates_bitcoins_success_calls_it/">[comments]</a></span>Kind Regards R