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Time for Revisiting Barter? Alternative Digital Currencies

Thursday, July 19, 2012 7:29

% of readers think this story is Fact. Add your two cents.

*** It appears they do not l ike this one either as you can see below. They have messed with the print, its so small you can barely read it, double spacing between paragraphs, while highlight on some and not all, etc. etc. If I am unable to fix it, then READ IT ANYWAY AND KNOW THEY DON’T LIKE WHAT i HAD TO SAY. That means its valuable.

Vatic Note: Well, this has been covered by us in many blogs and on our strategy and tactics for the people to people initiative. It just didn’t look this way. Further, we discussed how the Basque in northern Spain had created work coops and that is another option for us to review and see if it can be incorporated into some thing that we can control.

Its good to see bartering is being institutionalized in countries besides the USA. Do not fool yourselves. The fascist controlled government will anal retentively try to control every thing you do, are, think, see, touch, breath, eat, and drink.

If that is the case then the barter system will have a weakness that must be addressed before putting any trust into it. First of all, what is slavery? Its working for others without a living wage or life enhancing wage. What else? Its assuming that you have control over your part of the offering. Remember the elite want us working only for food and basic necessities and the barter system is actually very much like that. So, lets not jump in until we find the “right” way to go.

So, lets say you are a chicken farmer and will barter chickens for other products or services. Fine, but then the government passed Senate bill 1509 which regulates to death and records anything to do with your chicken farm, including NAIS which means the government can come in and confiscate all your chickens and then where are you when its your time to pay up with those chickens?

See the problems? It can be over come by creative thinking outside the box. We are capable of doing that as Russia proved and the satellite countries in eastern Europe when they would not let the free market system work.

Then an underground economy began and that was the end of that great communist-leading to fascist system controlled by the international bankers. Slavery ended with the end of the Soviet Union. I say wait until we look at what the Basque are doing and I will get down that rabbit hole as soon as I finish making my jewelry as summer is quickly slipping away. LOL

News Link • Economy – International

Alternative Digital Currencies Based on Barter

http://lewrockwell.com/north/north1169.html

07-17-2012 • http://lewrockwell.com, by Gary North

In a town 200 miles north of Athens, a network of bartering townspeople has sprung up. No government agency is involved.

No taxes will be paid.

An unemployed mother and her daughter are selling jams, vegetables, and liqueurs.

They use a digital currency called TEM.

“In the network, people can trade their goods and services,” says Christos Papaioannou, one of the network’s founders. “If I do a service for you, then you owe me a favour. And I can use that favour to get some service from someone else. So, we don’t have to exchange directly, I can get it from some third person.”

To be clear, there is no actual currency or scrip exchanged. Credits are tracked via an open-source community banking software system called Cyclos. Katarina, for example, banks her credits from selling jam to buy staple foods such as eggs and fresh vegetables that are offered through the network.

This is not the only such system in Greece. They are everywhere.

“I think that people are becoming increasingly aware, over the past few years, that financial systems aren’t sustainable. And that boom and bust is always going to be with us, despite politicians continually telling us they are going to work to remove [them],”

says Ken Banks, who recently launched a project called Means of Exchange. The idea behind the project, says Banks, is to create a “toolbox” of web-based and mobile apps that will make it easier for people to engage in things like bartering, swapping and alternative currencies.

Mr. Banks has competitors.

This is going to spread. It will appear whenever governments and banks break down. When this happens, production will escape the tax collector’s nets. The tax collector cannot track everything. He cannot bring charges against everyone. The more people who get away with unreported income, the more difficult it will be for governments to avoid contraction.

The future will have smaller, weaker governments. (VN: Good news indeed after what we all have just gone through.)

Continue Reading this relevant BBC article

July 17, 2012

Gary North [send him mail] is the author of Mises on Money. Visit http://www.garynorth.com. He is also the author of a free 20-volume series, An Economic Commentary on the Bible.
Copyright © 2012 Gary North
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The article is reproduced in accordance with Section 107 of title 17 of the Copyright Law of the United States relating to fair-use and is for the purposes of criticism, comment, news reporting, teaching, scholarship, and research.

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