Posted on 07/05/2021 1:57:32 PM PDT by RandFan
Charles Munger, Vice Chairman of Warren Buffet’s Berkshire Hathaway, has suggested the U.S. needs to act more like the Chinese Communist Party when it comes to banking. In an interview on Wednesday, the 97-year-old billionaire claimed American free enterprise led to mass suffering from the 2008 crash.
When asked about the mysterious disappearance of Alibaba CEO Jack Ma as an issue with Chinese economics, Munger doubled down on his pro CCP rhetoric.
“Well yes, but Jack Ma’s one of the swingers. So they just cut his, they said to hell with you,” he expressed. “He basically gave a speech when he said to one party state, you guys are a bunch of jerks, don’t know what you’re doing and I know what I’m doing and I’m going to do it better.”
(Excerpt) Read more at oann.com ...
Munger used to be the true capitalist of the two but age has riddled his mind. Buffett while professing to like capitalism talks out of both sides of his mouth. Using every trick to get out of paying taxes but telling everyone else to pay their fair share. Meanwhile he gives his wealth to the rotten Bill
and Melinda Gates Foundation to avoid paying taxes on his estate when he dies.
Munger is the same sort of lowlife who gleefully did business with Adolph Hitler and Benito Mussolini. The same who would take tea with Mao, and break bread with Stalin.
Fannie and Freddie made a lot of Democrats into Multi Millionaires back in 2008.
agreed
Munger is 97 years old. He should be contemplating his soon entrance into eternity. Dollars will be of no help.
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