Adam Kokesh on why the internet is a game changer

GoldMoney’s Alasdair Macleod talks to Adam Kokesh who is an American activist and host of the radio show Adam Vs The Man. They discuss topics relating personal and economic liberty and how the internet could be a game changer in preserving and expanding both.

They talk about the presidential elections in the United States and especially the libertarian movement. Kokesh argues that economic freedom and personal freedom are indivisible. While his motivation for being an activist is rooted more in the morality and philosophy of liberty and personal freedom, he also talks about the Austrian school of economics and points to the fact that economics goes far beyond the “monetised economy”.

Assessing the current state of the US economy Kokesh points to the unemployment problem which is getting increasingly worse even when looking at the government reports which tend to underestimate the real picture. However they also talk about a growing black market which is not being represented in official statistics about GDP. He states that more intrusion into privacy by the state will not prevent the current economic system from its inevitable collapse.

Finally they talk about the declining value of the US dollar and the possible showdown between sound money proponents and fiat currency proponents. Kokesh believes that the internet will help the emergence of alternative currencies. Bitcoin or “dime cards” are recent examples for this. Personally Kokesh doesn’t hold any savings in cash or in digital instruments. Rather he owns gold and silver in physical form to be protected from a freeze of assets. He doesn’t think that a gold confiscation is very unlikely in the presence of the internet.

This podcast was recorded on 13 September 2012.

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FinanceAndEconomics

Alasdair started his career as a stockbroker in 1970 on the London Stock Exchange. In those days, trainees learned everything: from making the tea, to corporate finance, to evaluating and dealing in equities and bonds. They learned rapidly through experience about things as diverse as mining shares and general economics. It was excellent training, and within nine years Alasdair had risen to become senior partner of his firm. Subsequently, Alasdair held positions at director level in investment management, and worked as a mutual fund manager. He also worked at a bank in Guernsey as an executive director. For most of his 40 years in the finance industry, Alasdair has been de-mystifying macro-economic events for his investing clients. The accumulation of this experience has convinced him that unsound monetary policies are the most destructive weapon governments use against the common man. Accordingly, his mission is to educate and inform the public in layman’s terms what governments do with money and how to protect themselves from the consequences.

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