Pasha Roberts and Alasdair Macleod on how silver could become an alternative currency

Pasha Roberts, producer of the Silver Circle movie, and the GoldMoney Foundation’s Alasdair Macleod talk about the economic outlook and what the prospects are for silver’s use as an alternative currency.

The Silver Circle is an animated fictional film centred around an economic collapse in the US and the emergence of an alternative silver currency. Pasha’s goal is to provide an educational message about the nature of money, debt and the economy. The movie will be released in late summer of this year.

The plot is set in 2019, in a world where the US price level has increased 20-fold, which leads to the emergence of an underground silver currency. The movie shows the impact of inflation and how people exchange their pay cheques for silver as it holds its value much better than Federal Reserve notes.

The film producers have also designed 1-ounce and 1/10th ounce silver coins that are used as currency in the movie. He explains that some traders in New Hampshire are now accepting these coins as legal tender.

At university Roberts was taught neo-classical economics, but he believes that Austrian economics provides the best lessons in how the economy really works. He is attracted to the idea that money can only last, when it’s chosen by the people — a sentiment that he hopes the Silver Circle promotes. He believes that competing currencies could be a good way to transition towards a better monetary system.

This podcast was recorded on May 16 2012 at the Hard Assets Investment Conference in New York.

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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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