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THE Barter / Bartering Thread (merged)

What's on your mind?
General interest discussions, not necessarily related to depletion.

Re: Bartering with Physical Gold - Impossible?

Unread postby Roccland » Sat 11 Aug 2007, 21:06:08

$this->bbcode_second_pass_quote('Tyler_JC', '
')
:lol:

(moving along)


What makes a lot more sense is having a region's gold stock in a single, trusted bank and then issuing paper notes for the gold.


:lol:

(Moving along)

That's precisely what Amschel Rothschild did in the 1700s.

Does not seem to be going real well...eh?
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Re: Bartering with Physical Gold - Impossible?

Unread postby Tyler_JC » Sat 11 Aug 2007, 22:27:57

$this->bbcode_second_pass_quote('Roccland', '')$this->bbcode_second_pass_quote('Tyler_JC', '
')
:lol:

(moving along)


What makes a lot more sense is having a region's gold stock in a single, trusted bank and then issuing paper notes for the gold.


:lol:

(Moving along)

That's precisely what Amschel Rothschild did in the 1700s.

Does not seem to be going real well...eh?


Works fine if you only print as much paper as there is gold.

When you start lying about reserves...the whole system falls apart.
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Re: Bartering with Physical Gold - Impossible?

Unread postby Roccland » Sat 11 Aug 2007, 22:36:15

$this->bbcode_second_pass_quote('Tyler_JC', '')$this->bbcode_second_pass_quote('Roccland', '')$this->bbcode_second_pass_quote('Tyler_JC', '
')
:lol:

(moving along)


What makes a lot more sense is having a region's gold stock in a single, trusted bank and then issuing paper notes for the gold.


:lol:

(Moving along)

That's precisely what Amschel Rothschild did in the 1700s.

Does not seem to be going real well...eh?


Works fine if you only print as much paper as there is gold.

When you start lying about reserves...the whole system falls apart.


Agreed.

That said, humans are hard wired to cheat.
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Re: Bartering with Physical Gold - Impossible?

Unread postby cube » Sun 12 Aug 2007, 00:55:32

$this->bbcode_second_pass_quote('Tyler_JC', 'W')hat makes a lot more sense is having a region's gold stock in a single, trusted bank and then issuing paper notes for the gold.
So basically you're putting your life savings into the credibility of this "trusted" bank. Sounds like the system we have today. Just change the name from central bank to trusted bank. :P

$this->bbcode_second_pass_quote('Tyler_JC', 'T')he First Bank of Tyler_JC's hedge fund (or whatever it would be called) would have a vault full of the gold owned by people from Boise Idaho. Notes ranging from 1/128 ounce ($10?) to 10 ounces ($10,000?) would be issued in exchange for the gold.
The temptation to issue more paper then hard assests would be irresistible.

$this->bbcode_second_pass_quote('Tyler_JC', 'T')he local authorities would insure that the bank wasn't printing more gold notes than existed in the vault (we learned that lesson already, right?) and commerce would continue as usual.
What's to keep the bank from paying off the local authorities?

I don't think there is any system that can truly defend the masses. No matter what system is used there will always be people (some very clever) who will try to profit from another man's expense. The only way to defend yourself is to cover your own ass. No one else can do that for you.

my 2 cents
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Re: Bartering with Physical Gold - Impossible?

Unread postby Tyler_JC » Sun 12 Aug 2007, 17:34:52

$this->bbcode_second_pass_quote('cube', '')$this->bbcode_second_pass_quote('Tyler_JC', 'W')hat makes a lot more sense is having a region's gold stock in a single, trusted bank and then issuing paper notes for the gold.
So basically you're putting your life savings into the credibility of this "trusted" bank. Sounds like the system we have today. Just change the name from central bank to trusted bank. :P

$this->bbcode_second_pass_quote('Tyler_JC', 'T')he First Bank of Tyler_JC's hedge fund (or whatever it would be called) would have a vault full of the gold owned by people from Boise Idaho. Notes ranging from 1/128 ounce ($10?) to 10 ounces ($10,000?) would be issued in exchange for the gold.
The temptation to issue more paper then hard assests would be irresistible.

$this->bbcode_second_pass_quote('Tyler_JC', 'T')he local authorities would insure that the bank wasn't printing more gold notes than existed in the vault (we learned that lesson already, right?) and commerce would continue as usual.
What's to keep the bank from paying off the local authorities?

I don't think there is any system that can truly defend the masses. No matter what system is used there will always be people (some very clever) who will try to profit from another man's expense. The only way to defend yourself is to cover your own ass. No one else can do that for you.

my 2 cents


We had this exact same system a few hundred years ago.

If the banks pay off local officials, the rioters will storm the bank, capture the banker and his family, and murder them.

Again, my scenario implies a collapse of the current monetary system and the establishment of a new system. The People, in this scenario, understand what happened to the previous one and won't allow it to happen again.

The United States started off with the exact system I'm talking about and until 1913, the banking system worked out just fine. In fact, we had deflation throughout because increases in efficiency were reducing the price of goods.
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Re: Bartering with Physical Gold - Impossible?

Unread postby TommyJefferson » Mon 13 Aug 2007, 08:12:22

Thank you guys for the good info about assaying. I now believe common folk could indeed become adept at sorting out bad physical gold from good.

I also believe private paper backed by physical gold is practical and possible. Heck, it works so well right now using methods like Kitco's pool and http://goldmoney.com that the Federal Government is trying to outlaw it.

The fact that Fedgov wants to outlaw it speaks loudly.

REALLY private banks. What is old is new again.

In my small town everyone knows which doctors to trust, and which to avoid. Within minutes anyone can find out which BMW motorcycle repair shops in Texas are good, and which are bad. Last week a methamphetamine dealer in my town known for two instances of cheating was found dead in the forest. Private markets are highly efficient at rooting out fraud.
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Re: The BEST Barter Items to Stockpile for a Post Peak Colla

Unread postby Shokdee » Mon 27 Aug 2007, 20:18:02

Overall I've opted to move to the Thailand/Burma border and go for a permaculture inspired agroforestry - food forest - aquaculture mash up - multiple overlapping systems, lots of redundancy, lots of underground storage. This location has excellent road access for post-peak oil situation - PanAsian highway - so bicycles and spares are essential (with a good bike you can go anywhere).

Because of the abundant natural resources and excellent handicraft tradition in the surrounding areas, many high quality itmes from bamboo, rattan, hemp, teak, and so on will be (are already) availble to trade.

Food/fish/pigs/medicinal herbs etc I will have surplus of and can trade for labour. Also stockpiles of most items mentioned - salt, medicine, pencils, solar calculators, etc. I plan to cover sugars, oils, many medicines, spices, luxury items, by growing them myself - tobacco, carob, coao coao, vanilla, pepper, coffee, tea, all easy to grow small scale. (I'm not going to detail the literally thousands of useful trees and plants growng in this area). Many modern items can be replaced by natural products - tampons, bandages, disenfectant, insect repellent, water purification...

Many items of the west have little value in this area (for instance not using toilet paper but washing bottom with hand and water).

Assuming that the collapse will be chaotic with lots of fire and burning, most petro-chem products will melt or go up in flames. So look at all of these synthetic products - sleeping bags, tents, tarpaulins, mosquito nets, fishing nets, raincoats, umbrellas, candles, plastic packets of all kinds ... I think cheap plastic shoes, sneakers, windbreaks, backpacks, ball point pens, sunglasses, etc are good to store for trade. Also flammable is paper - an old National Geographic, maps, will be valuable in the distant future. (Clean A4 paper yes, but I can also make paper from mulberry, papyrus, even elephant dung).

Conversely, I think steel, iron, wire, copper, and so on items will survive the fires and be available for barter - hoes, spades, nails, knifes, fencing wire, steel beams, wheelbarrows will be around for a long time. Shells of old cars and trucks, deserted cities. Delicate items like needles, fish hooks, razors, aluminium foil, can be stored.

Glassware (all kinds) - don't overlook as easy to break but hard to replace. Small hand held mirrors, reading glasses, and all optics.

Lastly, infomation can be valuable and is easy to carry. I think flash memory, USB provide viable options for longtime storage of video files, PDFs, MP3s. So, consider an 80 g Ipod as a portable community library - irreplacable. A good laptop, handfulls of flash drives with info can last decades if well cared for.

Thanks to everyone for their tips. One last thing, many items you already use have muti-use and should be cleaned and stored - soda cans, glass bottles, eye droppers, tetra bricks, plastic bottles.

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Nations barter to buy food

Unread postby Revi » Thu 29 Jan 2009, 09:50:08

Here's a recent article that talks about how big countries are bartering to buy and sell food. This means that they are bypassing the money economy altogether. They can't get credit, and have to feed their people, so why not?

The food crisis is not over: FT

Moved to Economics Forum.-FL
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Re: Nations barter to buy food

Unread postby Revi » Thu 29 Jan 2009, 13:02:14

Here's the part you can read without signing in:

Nations turn to barter deals to secure food By Javier Blas in London Last updated: January 26 2009 23:32:

Countries struggling to secure credit have resorted to barter and secretive government-to-government deals to buy food, with some contracts worth hundreds of millions of dollars.
In a striking example of how the global financial crisis and high food prices have strained the finances of poor and middle-income nations, countries including Russia, Malaysia, Vietnam and Morocco say they have signed or are discussing inter-government and barter deals to import commodities from rice to vegetable oil.

EDITOR’S CHOICE
Health spending cuts endanger tens of thousands - Jan-26
Interactive graphic: Thirst for food - Jan-22
India’s import swing raises concerns of a sugar rush - Jan-26
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Re: Nations barter to buy food

Unread postby dohboi » Thu 29 Jan 2009, 14:04:06

So it has begun. Harbinger of things to come. How soon will human traffic become part of the equation?
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Re: Nations barter to buy food

Unread postby crude_intentions » Thu 29 Jan 2009, 18:29:22

$this->bbcode_second_pass_quote('dohboi', 'S')o it has begun. Harbinger of things to come. How soon will human traffic become part of the equation?


I've been thinking of that as well, and it terrifies me. :cry:
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Re: Nations barter to buy food

Unread postby Revi » Thu 29 Jan 2009, 22:27:17

It's already happening. Haiti and the Dominican Republic have a longstanding agreement to have Haitians harvest the sugar cane crop. When they barter food for it instead of money, it's all over.

I think this represents a huge lack of confidence in the traditional monetary system.

Eventually most things that matter will be bartered, or sold for real money.
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In Russia barter is back

Unread postby wisconsin_cur » Sun 08 Feb 2009, 04:50:49

NYT

$this->bbcode_second_pass_quote('', 'M')OSCOW — Does the Taganrog Automobile Factory have a deal for you! Rows of freshly minted Hyundai Santa Fe sport utility vehicles are available right now. In exchange — well, do you have any circuit boards? Or sheet metal? Or sneakers?

Here is a sign of the financial times in Russia: Barter is back on the table.

Advertisements are beginning to appear in newspapers and online, like one that offered “2,500,000 rubles’ worth of premium underwear for any automobile,” and another promising “lumber in Krasnoyarsk for food or medicine.” A crane manufacturer in Yekaterinburg is paying its debtors with excavators.

And one of Russia’s original commodities traders, German L. Sterligov, has rolled out a splashy “anti-crisis” initiative that he says will link long chains of enterprises in a worldwide barter system.
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Re: In Russia barter is back

Unread postby uNkNowN ElEmEnt » Sun 08 Feb 2009, 05:22:22

Wow. quite the scale for barter items though. I can see bartering rabbits for eggs or shoes etc, but excavators? wow.

Has anyone here started any new bartering this year?
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Re: In Russia barter is back

Unread postby wisconsin_cur » Sun 08 Feb 2009, 06:01:47

$this->bbcode_second_pass_quote('uNkNowN ElEmEnt', 'W')ow. quite the scale for barter items though. I can see bartering rabbits for eggs or shoes etc, but excavators? wow.

Has anyone here started any new bartering this year?


I am trying. I have an offer out to a guy who wanted to buy some goats. I said I would take cash but would prefer hay, corn or oats in the fall. On a small scale bartering is a good way of building community.
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Re: In Russia barter is back

Unread postby ReverseEngineer » Sun 08 Feb 2009, 07:03:01

$this->bbcode_second_pass_quote('Grace Slick', 'W')hen logic and proportion
Have fallen so I'll be dead
And the white knight is talking backwards
And the Red Queen's LOST her head
Remember what the dormouse said


Logic and proportion have fallen, reality has given way to illusion, the MSM is talking backwards, so you will forgive me if this post comes off as an Acid Trip flashback from the 60s.

The bottom dropped out of the thermometer up here in Fairbanks today, dropping down to -20 or so. This seems real enough, but then so does the hotel, so do the grocery stores and so do my chats with others about the economy. The thing is, all of this isn't real at all, I'm not even sure the temperature is real anymore. It's all here courtesy of an illusion, of a belief that people have that abstract numbers and pieces of paper have value and so they struggle endlessly to get more of them. So now that the bottom has dropped out of the economy, what will the illusion look like? Will it be stripped and we see reality, or will we buy into a new illusion?

Inside of just a few months, there was so much demand destruction that the world is literally awash in oil, simply because so many businesses STOPPED buying it, all at the same time. What that should tell you is something remarkable, which is that once we stop industrial production, the actual amount of oil to run tractors and trucks and city sewage pumps and all that infrastructure stuff isn't actually taxing the oil poduction apparatus quite yet. Although it might soon enough if the price stays so low you can't make a profit pumping it. I was however informed by a slope worker I spoke with today that his company would still make a profit with OIl at $8/barrel. I don't know if that is true or hyperbole, take it for what its worth.

Money has a whole lot less substance to it than all the buildings up here, when the money disappears the buildings will still be here. The Oil will still be here, at least what is left of it. People of course don't want to starve, and I am wondering if perhaps we can create a new illusion to transform reality? Not make something from nothing in the physical sense, but make a new reality out of ideas which come from nothing, which are out there in the ether to be grabbed onto as liferafts off a sinking ship.

Once we fall far enough, there will be acceptance of the failure of this idea of money, and it all will disappear. Not just our currency, not just the dollar tanking. EVERY currency will tank, none of them will have value at all, no debts will have value either. We will revert to barter, but in the age of the computer, that isn't quite so primitive an idea as you might imagine. Because real value isn't in currency, its not even in Gold. Real value is in how the stuff we actually need trades against each other, how oil trades against food, how surplus labor trades against oil, its in the relationships between these things that you can define real value. Long as you have computers to tally the aggregates, you can also use it to allocate the resources in a command economy, and you can do so with an efficiency that would far surpass the market, with all its manipulation and corruption.

It would be my guess that we are only months away from a command economy. The inefficiencies of the planned economies of the Soviet Union and of Red China are well known, but those came in the days before computers really took off. The question really is, just how fast can a worldwide barter system be geared up here to replace the monetary system? I think it is going to evolve on its own, regardless of the machinations of the Illuminati.

At the moment, we do appear to be on a very fast run down the Giant Slalom, but the end of the monetary system isn't necessarily TEOTWAWKI because there still is enough Oil to power the basic systems,and there still are means and methods to move the goods and to barter for them. The dislocation involved here is substantial, I'm not saying you make an Omelette without breaking a Few Eggs. I am saying that I do see a bottom now to this, and I do see a means by which we plateau out for a while while the die off could proceed in a somewhat less drastic fashion than 2/3 of the population dead in a decade or something like that.

Or maybe its just an Acid Flashback :-)

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Re: In Russia barter is back

Unread postby uNkNowN ElEmEnt » Sun 08 Feb 2009, 07:40:51

$this->bbcode_second_pass_quote('wisconsin_cur', 'I') am trying. I have an offer out to a guy who wanted to buy some goats. I said I would take cash but would prefer hay, corn or oats in the fall. On a small scale bartering is a good way of building community.


So if you give him goats now, how will you stake a claim to his (lets say for the sake of arguement) hay in the fall?

Will you ask him for collateral or an IOU?
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Re: In Russia barter is back

Unread postby MarkJ » Sun 08 Feb 2009, 08:20:17

I barter all the time. I've taken land, cars, trucks, SUVs, boats, quads, motorcycles, campers, guns, tools, equipment, firewood, salvage heating oil, antiques etc in exchange or partial trade for propane, heating oil, kerosene, construction, plumbing, heating, cooling and electrical work.

Sometimes I hold some of the property for a while, then sell or finance it back to the owner. I've ended up acquiring some pretty nice vehicles, toys and equipment for a day's labor.

Tenants will often trade possessions towards rent as well.
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Re: In Russia barter is back

Unread postby wisconsin_cur » Sun 08 Feb 2009, 08:36:31

$this->bbcode_second_pass_quote('uNkNowN ElEmEnt', '')$this->bbcode_second_pass_quote('wisconsin_cur', 'I') am trying. I have an offer out to a guy who wanted to buy some goats. I said I would take cash but would prefer hay, corn or oats in the fall. On a small scale bartering is a good way of building community.


So if you give him goats now, how will you stake a claim to his (lets say for the sake of arguement) hay in the fall?

Will you ask him for collateral or an IOU?


His last name means something to him. We are neighbors and both of us know that we will be living near one another and that our kids will be playing together for 15 years. Heck my daughter may even take a liking to one of his sons. Our wives are friends.

That is enough of an IOU for a couple of goats.

I'm willing to do the same for any other of my (geographically) close neighbors. As soon as people know you are not going anywhere there is a new polite-ness. Of course I have modest things to trade and a modest man is never fleeced. If either party thinks that they got a bum deal both parties know it will be the last deal... maybe even for a couple of generations.
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Re: In Russia barter is back

Unread postby Pretorian » Sun 08 Feb 2009, 09:08:48

bartering saves quite a bit of money otherwise lost in taxes.
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