Charlie Munger predicts a terrible economic crisis that has never been seen before

I hope every investor knows Charlie Munger, the vice chairman of Berkshire Hathaway and Warren Buffett's right-hand man. Even though Munger is a venerable 98 years old, he is still actively involved in Berkshire's investment decisions. He also likes to share his ideas, which should be set in stone. His views, given the behaviour of world governments in recent years, are quite frank and pessimistic.

Charlie Munger is critical of the way governments are trying to wipe out economic problems. That tends to be the easiest way. This means quantitative easing, in layman's terms printing more and more money. This will solve the problem temporarily, but it will make the problems all the more long-term. This leads to inflation, which can grow to monstrous heights. It will make the middle class poorer, which will lead to discontent. He gives the example of Hitler's rise to power in Germany. In the then Weimar Republic, hyperinflation reached an incredible 23 000% in 1923, and the Great Depression…