Charlie Munger: Money Printing Will Fail…We Will End Up Like Venezuela

by | May 7, 2019 | Commodities, Headline News, Precious Metals | 17 comments

Do you LOVE America?


    Berkshire Hathaway Vice Chairman Charlie Munger recently warned against the Federal Reserve’s unbridled money printing.  The central bank is going to end up turning the United States into Venezuela with an exponential inflation rate if they continue to print money to cover the government’s excessive spending.

    According to a report by CNBC, Munger, who is  Warren Buffett’s longtime investing partner, says that the politicians should stop pressuring the central bank to lower interest rates too. Easy money policies have been a big cause of the bloated economy we are living in right now.

    I am so afraid of a democracy getting the idea that you can just print money to solve all problems. Eventually I know that will fail. You don’t have to raise taxes, you just print… In the end, if you end up printing too much, you end up like Venezuela. –Charlie Munger

    Venezuela has rampant poverty and runaway inflation thanks to money printing under socialist policies of the tyrant, Nicolas Maduro. Last month, President Donald Trump, called for the central bank to cut interest rates by 1 percentage point and to implement more money-printing quantitative easing. Trump has expressed concerns that high-interest rates could hurt economic growth under his presidency. The Fed has already voted to keep the rates steady for now.

    Other central banks around the globe have been investing in gold as opposed to printing massive amounts of money. These countries are clearly looking to reduce their dependence on the dollar. In fact, Russia has come out and said as much, according to ETF Daily News.

    “No one currency should dominate the market because this makes all of us dependent on the economic situation in the country that issues this reserve currency, even when we are talking about a strong economy such as the United States,” Russian Prime Minister Dmitry Medvedev said late last year. “I want to say something that may raise a few eyebrows, but I think some of these [U.S.] sanctions are good or useful because they forced us to do what we should have done 10 years ago.”

    This could mean that Russia and other countries will eventually return to a gold standard when fiat goes belly up worldwide.  “China and Russia in particular. They will probably eventually try to replace the dollar with their own gold-backed currencies,” said Adam Sharp.

    In a world with runaway debt and excessive money printing, returning to the gold standard seems hard to imagine. But, as Sharp points out, that’s not because of gold. “The gold standard seems ridiculous and impossible today, but that’s because fiat is that out of control,” he said. Perhaps gold will be not only our past but our future as well.

    “Throughout the ages, many things have been used as currency: livestock, grains, spices, shells, beads, and now paper. But only two things have ever been money: gold and silver. When paper money becomes too abundant, and thus loses its value, man always turns back to precious metals. During these times there is always an enormous wealth transfer, and it is within your power to transfer that wealth away from you or toward you.” – Michael Maloney, precious metals investment expert and historian; founder and principal,, and the author of Guide To Investing in Gold & Silver: Protect Your Financial Future.


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      1. US will eventually Balkanize. Population is already
        Fleeing the liberal yankee baby killing gun grabbing Northeast and West Coast hellholes such as Southern California for a better life elsewhere.

      2. The United States will also be forced to move to a National gold backed currency.

        Globalism is a failed experiment. It cannot and it will not endure. The central bank is destined for the dungheap of history.

        Every American who wants to save money should, in my opinion, save some contemporary money federal reserve debt notes, silver, and gold.

        Give gold coins as gifts.



        • Quite Right, “Globalism is a failed experiment” with the Destruction and Balkanizarion of the West as it’s only accomplishment!!

          • A successful experiment, as destruction is the goal. . .

            Hmmm i wonder (((who))) could be behind this. . .

        • Hp,
          “The United States will also be forced to move to a National gold backed currency.”
          There isn’t enough gold in the world to do that.
          The world produces people and their labors make wealth faster than we can produce new gold. If you think your golds market value is going to increase 30,000% to back up existing circulation monies of all countries, you are nuts.

          • Rellik, with or without gold backing, eventually the USA will withdraw from the Central Bank system. It doesn’t work. And it isn’t in the best interest of the people.

            I believe that is what was intended by Washington, Franklin, Jefferson, etc.

            I am nuts, but I don’t think gold will go up 30,000%.


        • Oh, I think that globalism will take a ‘last gasp’ effort by TRULY being adopted worldwide, for just a short time until it fails completely. THEN we may go back to a more nationalistic world model. Until that happens, any failure of individual nations will be presented as something that would not happen if we were united globally.

      3. Question: If America is heading the way of Detroit or Venezuelan isn’t the best course of action to LEAVE?

        The decline of Detroit has been happening for 20 Plus years, smart people saw what was going on and left. With respect to Detroit there were other states to flee to. However, where to go when it’s America.

        Part of being prepared is seeing an emerging trend and getting out of the way before it runs you over! The only question is where to go? With no CLEAR answer at this time, I hope God points the way when the time is right.

        • Justice, if the balloon goes up this month at least I’m already at the BOL. My new home is right here when the time comes.

      4. The article is a out right lie. The Fed is not unbridled money printing. The Fed does not print any paper cash. The mint prints the actual physical paper cash. and The mint doesn’t print anything larger than a $100 bill. and even though the mint prints 24×7 there isn’t any where close to even 5% of the trillions of USA petrol dollars that is actual paper cash printed dollars. Paper money wears out. So the mint burns truckloads of worn out paper money every day. No one will ever have wheelbarrows of USA paper dollars to use a toilet paper as long as the mint does not print anything larger than a $100 bill. The Fed simply creates digital dollars out of thin air. just numbers on spread sheets. banks actually have a very small amount of paper cash on hand at any given time. I would bet any local 3ew scrap man has more cash money on hand than the banks in the same town. As long as the government agencys accept paper cash for taxes and fees im not worried about having too much paper money in my pocket. Try and pay your real estate taxes with gold? see how that works for ya?

      5. Living within your means in America increasingly means a dilapidated shack for the overwhelming majority. Turn the calendar back 200 years for a glimpse of the future.

        • Maybe Habitat For Humanity can build shacks for humanity.

      6. US economic survival is directly linked to the US dollar “unique reserve currency status”. The cornerstone of this is the “oil peg”. As long as this keeps going the money supply increases as world demand increases and when bubbles “pop”, the “fractional reserve banking” reverses and money disappears. The banisters balance the books by creating a ton of money and after a rough bump the dog and pony, smoke and mirrors stage show continues. It’s all predicated upon that “unique privilege”. Wars are fought over it. It’s almost what Vince Lombardi said about winning being “the only thing”.

      7. There will be one difference. You won’t see any trucks with aid and food waiting outside our borders. No other countries help the US.

        • It’s unlikely that something of this magnitude would impact in a vacuum. Any change this large displaces and disrupts the existing order. The US, assuming “We The People” control the government and not internationalist bankers and business interests could have the USA stand alone successfully. We’re blessed with abundant food and energy and a potentially sufficiently educated workforce. Unfortunately I see the preceding SOBs exporting food and energy to the highest paying nation while shortages occur here. Apparently the Preamble of the US Constitution is an obsolete “mission statement”.

          “We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence,] promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.”

          That “OURSELVES” gets missed.

        • Not true. Venezuela gave heating oil to freezing Americans a few years ago.

      8. The US was systematically dismantled a piece at a time in 1861, 1871, 1913, 1929, 1933, 1947, 1963, and 2001.

        We can argue pivotal events until we are blue in the face but I maintain that the Federal Reserve Act of 1913 was the knife in the heart of this country. Our undoubtedly bribed congressional sub-quorum and president allowed a parasitic, “banking” mafia to skim a percentage of our national output. Essentially, we have been bankrupt ever since.

        I’m just amazed they waited this long to take us down. The fact that fedgov has disappeared 21+ trillion (overt theft) should tell you everything you need to know.

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