TFMR Podcast #20 - A Second Visit With Mike Krieger


Back on Wednesday, I had the chance to visit again with Mike Krieger. He's one helluva smart guy and great analyst and writer but his new project ( is something you have got to check out.

On the LibertyBlitzkrieg site, Mike's "welcome" message pretty much sums it up:

"While these are dangerous times, these are also times of great opportunity. It is only in times like these that we can change the world…for better or worse. Our enemies want increased global centralization of political and economic power. We want the opposite. We want freedom. Freedom of speech. Freedom to use whatever money we want to use not have some digital garbage they create shoved down our throats. Freedom to pick whatever job we want and the freedom to live how we want to live. Please join me in the Liberty Blitzkrieg!"

To that end, in this podcast Mike and I discuss our losses of freedom. Whether the topic is the loss of "free" markets or the increasing government encroachment upon civil liberties, Mike is on it and his insights provide the basis for this interesting and informative interview.



IrksomeNick Elway
May 21, 2012 - 3:46pm

@Nick Elway - market for nickel melt value

Sure, today there is a market based on melt value. In the world where we are in hyperinflation I personally doubt that industrial buyers will be buying nickels to melt instead of buying the raw materials, and at that point the economy would be in such a twist that I doubt the demand would be there. In fact, I would expect that the industrial metals will deflate based on reduced demand, eroding or eliminating the inflation hedge of the nickel.

Now, if they were made out of a metal historically considered monetary, AND had a face value that reflected the value of the metal, then it would be perfect. But I doubt the US Mint is going to make a silver coin with a face value of $10-20, nor a gold coin with a face value of $500-1000, so I think this double hedge is unlikely to work out.

I'm also not likely to start stacking (literally) tons of nickels. :)

bamNick Elway
May 21, 2012 - 10:40am


I love Kyle Bass. Not only is he sharp as a tack, but he puts his money where his mouth is. From your article:

"Many have already heard of his next short on Japan. With a grossly aging population and interest payments closing in on the amount of tax collections, Japan’s population-owned-debt model may cease to function. In fact, Bass is so sure that he reportedly financed his 40,000 sq ft Dallas abode in Yen in order to later pay back in dollars."


He is also the owner of one of my favorite quotes RE gold ownership:

"Buying gold is just buying a put against the idiocy of the political cycle. It's That Simple."

Nick ElwayIrksome
May 21, 2012 - 10:29am

@irksome irksome wrote " It's


irksome wrote " It's a perfect plan, other than finding a market to melt down the nickels for a 'profit' in hyperinflation."


Look at eBay for your market.

search on "pre 1982 pennies" to see the going price for a $10 face bag of copper pennies.

Current melt is $23.2 and recently concluded auctions price including shipping is $21

The market already exists for pennies, on eBay AND at my coin club (around $18 no shipping)

May 21, 2012 - 9:50am

Coyotes and horses

Oy. And the beatdown seems to continue. Nice of them to give us a few days "off".

Brings to mind an old Indian saying: "Coyote only had a single horse to practice his branding upon. After a while, the horse wouldn't come when he called".

Silver lining: The lower it goes, the more we can stack cheaply. Volatility, at its core, is our friend. Even if the branding iron hurts a bit. :)

May 21, 2012 - 9:35am

Catch a falling knife...

Looks like MS has dropped its "backstop" of FB to $35 bucks a share...... till they run out of free cash.....

May 21, 2012 - 9:00am

more re: china and iron ore... repost from Financial Times.... "Chinese consumers of thermal coal and iron ore are asking traders to defer cargos and — in some cases — defaulting on their contracts, in the clearest sign yet of the impact of the country’s economic slowdown on the global raw materials markets."....more

May 21, 2012 - 2:19am

Good Morning.

Here's to a great week ahead

May 21, 2012 - 1:29am

Billionaires List?

Missed it by: Thaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaat Much! ;-)

Visit the FAQ page to learn how to track your last read comment, add images, embed videos, tweets, and animated gifs, and more.

May 21, 2012 - 12:43am
Nick Elway
May 21, 2012 - 12:17am

stacking nickels... like Kyle Bass does


What is it like to stack $1 Million in nickels?

Stacking nickels is good insurance against inflation, deflation, and theft.

The only problem is the policy weighs a metric ton per USD$ 10000 face.

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