TFMR Podcast #32 - Kerry Lutz of The Financial Survival Network


Earlier this morning, I had an opportunity to speak with Kerry Lutz. With everything that has transpired over the past few days, I thought we all could benefit from Kerry's unique wisdom.

In this podcast, we discuss QE∞, the U.S. election and the simple steps everyone should be taking now to prepare for a tumultuous future. We also discuss Kerry's new book, "Forget Wall Street. Go For The Gold!", which will be released next month.

I think you'll enjoy this brief, yet informative, conversation.



Nov 8, 2012 - 12:36pm

I am convinced

That Kerry Lutz never sleeps and is perpetually recording podcasts. I love his deep cool monotone voice.

Nick Elway
Nov 8, 2012 - 12:48pm

The Chicken Game

The Chicken Game
Silver Alert
Nov 8, 2012 - 12:56pm


Yea, got the coveted thurd. Now I have to go back and see what the post actually says.

Nov 8, 2012 - 1:05pm

Great interview, agree. The

Great interview, agree. The Elections are over, we know were in for a rough go. Just keep stacking everyone. Gold and Silver is the only financial instrument I can trust now. Get physical!

Mr. Fix
Nov 8, 2012 - 1:35pm

I still love podcasts!

Just in time,

I just finished Jim Willie's!

Nov 8, 2012 - 1:56pm

Can Keynesians Admit

admit that they were wrong? Will they need a twelve step program?

1. Came to admit that they are powerless over currencies without limits.

2. Came to believe that a power greater than ourselves could restore us to monetary-sanity.

3. etc.

Nov 8, 2012 - 3:58pm

ZH Posting Stories Re Apple

I am doing a ch. 13 case for a long time client. Going to lien strip off damn near $400,000 of worthless bank loan liens on the principal residence. Case law is now very favorable here in the Central District of California, so, no time like now to pull the trigger.

Anyhow, in between calls from the client, I came across these zh stories:

What does that mean to me?


Reggie Middleton, who posts all the time on zh, and who is a shameless promoter of himself, warned long ago that Apple was prime to fall, and would make an excellent short candidate. He also was ridiculed. I have no dog in the fight, as I stack only, and do not trade any form of paper.

Anyhow, there was one most interesting theme that I could not resist following. It is the hedge fund paper profit at year's end, that seems to be critical here.

According to Reggie, and other articles posted over the last year or so, plenty of hedge funds loaded up on Apple stock. The hedge funds thus showed a large paper profit, hence justifying their take from investors of 2 and 20, which I understand to be the fee investors pay to the hedge fund in exchange for the hedge fund managers' turning the investors' funds into more money. 2% is the fee, and the hedge fund gets 20% of the profit? Something like that?

Anyway, per Reggie, who I do believe is a fantastic analyst, but prone to PT Barnum-like outbursts, plenty of the hedge funds were heavily invested in Apple, and now are facing a dire situation. IF the hedge funds want to close out the year with a profit, then they either have to exit the Apple positions now, or hope that Apple improves. I also understand that the index funds all are heavily weighted with Apple being a large position.

The problem is that Apple looks to be a loser in the intermediate term, falling away from record highs, leaving the hedge funds in a precarious position. Apple is looking bad right now from a technical analysis perspective. Apple is also looking bad from a fundamental perspective, now that Samsung is the world leader of smart phones. Apple's margins have to decrease to compete on price, but if that happens, does that not hurt Apple's stock price? So, Apple has fix itself, or else price will suffer.

So, does that not seem to confirm that hedge funds will sell their Apple shares, in order to stop the losses now that we approach year end? If Apple sells off, then won't that kill the indexes, thus triggering algos to sell, too? Is that not portending a big selloff of the S&P and other indexes?

If the markets drop, then what about the PM's? How can Bernake ramp up more QE than he already is doing? What will elevate the markets?

Would a big drop in the S&P, Dow, etc., trigger risk off or risk on? How does this interplay with the fiscal cliff and the debt ceiling?

My conclusion is that IF the markets drop, the plunge protection team launches into action, flooding the market with buy orders, using fresh cash from Bernanke. The dollar will increase, presumably, and markets will stabilize. So there should be tons of volatility.

Short term it seems like a near impossibility to prognosticate. But long term, does that not confirm a constant rise in PM's?

It does to me, so I am launching a new round of stacking. The question is whether to stack 50/50 gold silver in terms of dollars invested, or should I weight more heavily towards gold or silver?

All opinions and thoughts are most welcome, yes, you too, Kcap!

Thanks in advance.

Nov 8, 2012 - 4:41pm

Using the World's Newest Curse Word

Wha, what, WHAT?!! Tavistock! What is this about not enough proof for the lawyer? (Nice pod....)

While I'm at it. Oh, Tavistock! Why does anyone even look at the silver to USD ratio anymore? It's all fake.

(Hint: it applies to all forms of cabal programming/ brainwashing/ agenda-honing/ misinformation/ corporate propaganda/ ...and if you believe in the possibility of it...mind control.)

Nov 8, 2012 - 5:15pm

California Lawyer

Gold or Silver? My vote, fellow barrister and Big Valley veteran (I have blessedly escaped- no offense) would be for silver for the following reasons:

1. It is likely to see more volatile swings based on recent history. Over the past 12 years, there Silver has been up, peak to trough, roughly (VERY roughly) 900% while gold has been up a smoother 600%. Check my numbers, but I think I'm close.

2. I think there is less to justify the current low price in Silver than in Gold.

3. Industrial demand is growing, and will grow even faster if the economy were to somehow pick up. Even if it doesn't, technology advancement alone will drive increased demand, even in a depressed economy. From 2008 to 2011, annual silver demand increased 12%, and by far the largest source of increase was industrial demand.

4. As I understand it, marginal demand for silver is currently being met by recycling. That is a tight market.

5. Silver is a more convenient and realistic form of payment, if things get really ugly. Some people will take it as payment today.

6. Even though it takes up much more space and weighs more than gold, it is still realistic to store significant amounts.

NOTE: There is marked difference between someone who is simply a PM believer and someone who is hedging against a SHTF event (be it a prolonged natural disaster or something less usual). If you are the latter, you might consider ROI on weapons, ammunition, and food appropriate for long term storage. I won't drone on in prepperspeak, just consider how valuable an AR-15 might be to the guy across town when he belatedly realizes that everyone should own firearms.

Keep stacking and racking, that's my motto.

Nov 8, 2012 - 6:09pm




that is all.


Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

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Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
9/3 10:00 ET ISM Manu PMI
9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
9/5 9:45 ET Markit Svc PMI
9/5 10:00 ET ISM Svc PMI
9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Labor Costs
8/14 8:30 ET Philly Fed
8/14 9:15 ET Ind Prod and Cap Ute
8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

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