““I wish it had been banned immediately, and I admire the Chinese for banning it,” Mr Munger said on Wednesday US time at Daily Journal Corp’s annual meeting, which was held virtually. “I certainly didn’t invest in crypto. I’m proud of the fact I’ve avoided it. It’s like a venereal disease or something. I just regard it as beneath contempt.” (Charlie Munger, Warren Buffett’s longtime business partner)
THESE ARE THE EXACT SAME WORDS I UTTERED YEARS AGO (including praise for Chinese Dictatorship)
Western elites covet the extraordinary wealth they can amass by exploiting Asian populations under ruthless dictatorships, and at the same time enjoy the “democratic” legal and civil “liberties” that Western nation states guarantee for them. But by doing so, (a) they empower Asian dictatorships, and (b) undermine Western nation states. The outcome is ineluctable…
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