Greek Town Develops Bartering System

Spooly

Barter System



Real Money is the best barter system. Gold and Silver

guitarwes

Stuff you can eat and drink and stuff that you can use to make something to eat or drink is the best barter items in a time of true total destruction. Gold may be ok down the road coming out of the situation, but at the deepest point of the economic valley people have to have food and water and I don't think they'll trade what they have for gold or silver. The folks that are Ag and AU heavy are gonna have a hard time chewing that metal.

derryb

<< <i>Stuff you can eat and drink and stuff that you can use to make something to eat or drink is the best barter items in a time of true total destruction. Gold may be ok down the road coming out of the situation, but at the deepest point of the economic valley people have to have food and water and I don't think they'll trade what they have for gold or silver. The folks that are Ag and AU heavy are gonna have a hard time chewing that metal. >>


Sounds like I need to also be stacking tin and plastic.

Baley

Ahh, the good old barter system.

"I've got a chicken, who will trade me for some loaves of bread?"

"I want your chicken, but I've got no loaves. I do have these nails! Let me go trade these nails for a chair, trade the chair for some towels, trade the towels for some tomatoes, trade the tomatoes for some eggs, trade the eggs for some olives, trade the olives for some cheese, trade for the cheese for some loaves, and I'll be back to trade the loaves for your chicken! Wait right here!"

"Sigh, if only we had some convenient medium of exchange!"

ricko

It works, and, is used frequently here in the U.S. - it avoids taxes too. Despite government attempts to control it, the process is gaining momentum. Cheers, RickO

RedTiger

<< <i>Stuff you can eat and drink and stuff that you can use to make something to eat or drink is the best barter items in a time of true total destruction. Gold may be ok down the road coming out of the situation, but at the deepest point of the economic valley people have to have food and water and I don't think they'll trade what they have for gold or silver. The folks that are Ag and AU heavy are gonna have a hard time chewing that metal. >>




It is good to have both food and metals. Some folks over do the stockpiling of food. In historically bad times, half the time a person is better off leaving than staying, and all that food can't go. A little bit of food goes a very long way during an emergency. Healthy people can survive for months on minimal food. In a pinch, something like a box of pop tarts or granola bars can get a person through a week. The average overweight American would actually come out a bit healthier after that week and about five pounds of weight loss. Water is more critical. Just a few days or at most one week without water and that is the end.

PerryHall

<< <i>

<< <i>Stuff you can eat and drink and stuff that you can use to make something to eat or drink is the best barter items in a time of true total destruction. Gold may be ok down the road coming out of the situation, but at the deepest point of the economic valley people have to have food and water and I don't think they'll trade what they have for gold or silver. The folks that are Ag and AU heavy are gonna have a hard time chewing that metal. >>




It is good to have both food and metals. Some folks over do the stockpiling of food. In historically bad times, half the time a person is better off leaving than staying, and all that food can't go. A little bit of food goes a very long way during an emergency. Healthy people can survive for months on minimal food. In a pinch, something like a box of pop tarts or granola bars can get a person through a week. The average overweight American would actually come out a bit healthier after that week and about five pounds of weight loss. Water is more critical. Just a few days or at most one week without water and that is the end. >>



In a SHTF scenario you don't need any of that. With just a gun and a good supply of ammo you can get all you need to survive.

Baley

In a SHTF scenario you don't need any of that. With just a gun and a good supply of ammo you can get all you need to survive

Not if everyone that is left also only has a gun and some bullets. At some point along the line, the strategy of, "Oh, I'll just murder people and take their stuff" breaks down.

PerryHall

<< <i>In a SHTF scenario you don't need any of that. With just a gun and a good supply of ammo you can get all you need to survive

Not if everyone that is left also only has a gun and some bullets. At some point along the line, the strategy of, "Oh, I'll just murder people and take their stuff" breaks down. >>



I was being facetious.

TheBigB

<< <i>At some point along the line, the strategy of, "Oh, I'll just murder people and take their stuff" breaks down. >>



I don't think so, It's worked for every successful tribe or nation state through all human history.

MsMorrisine

<< <i>It avoids taxes too. >>




avoids yes
prevents a tax liability? I don't think it does.

InYHWHWeTrust

<< <i>

<< <i>It avoids taxes too. >>




avoids yes
prevents a tax liability? I don't think it does. >>



Barter =

yep

jmski52

It works, and, is used frequently here in the U.S. - it avoids taxes too. Despite government attempts to control it, the process is gaining momentum. Cheers, RickO

Yes, and when the government decides that they aren't paying enough taxes in order to pay the government employees or the government employees' retirement benefits that have been promised - what next?

FDR, to name one created the infamous NRA, National Recovery Administration that started dictating that a farmer couldn't raise food for his own family without paying a tax on that food, because "it was being withheld from the market" and thereby injuring the market. FRD attacked other small business enterprises in the same way, while funding agricultural communes that failed because nobody would do the work.

As virulent socialism spreads, it looks to me like most modern countries will be "living off the fat of the land" and past efforts - i.e. they will be depending on infrastructures that were built prior to the "change" and things will continue to deteriorate until they either become a primitive society for real, or they decide that private work actually provides more benefit than government.

This Greece story isn't over by a long shot. Revisit this place in a couple years.

pf70collector

Yes, and when the government decides that they aren't paying enough taxes in order to pay the government employees or the government employees' retirement benefits that have been promised - what next?

My guess is they will get 50% of their promised benefits or less. Much like private industry even with the the PBGC. This fund does not pay out 100% of Retirement Benefits.


Pension Inusrance

johnny9434

<< <i>It works, and, is used frequently here in the U.S. - it avoids taxes too. Despite government attempts to control it, the process is gaining momentum. Cheers, RickO >>

i hope it sticks as well

tneig

<< <i>It works, and, is used frequently here in the U.S. - it avoids taxes too. Despite government attempts to control it, the process is gaining momentum. Cheers, RickO >>


It's apparently a working system, on Craiglists personal section.

InYHWHWeTrust

IRS page on Barter rules/reporting

MsMorrisine

I'd be surprised if on those many islands they have they haven't been bartering since history was first written.