It is said that “Necessity is the Mother of Invention.” If we ever get to a point where a barter economy is the way goods and services are exchanged, things will come together. But those who are prepared ahead of time, those who have thought about all of this, will be in a place where they can quickly move to make decisions that will benefit themselves and their family financially.
Barter is the process of trading products, goods or services, for other products, goods or services. It is a simple method of transaction, frequently one in which no money is exchanged. Barter systems are often utilized between nations, and sometimes between a nation and a corporation. Barter also occurs between corporations or companies and other businesses, and sometimes between a business and an individual, or two individuals. In the United States, billions of dollars worth of goods and services are exchanged each year through bartering.
And, if you’ve been in the Preparedness community for any amount of time, you are familiar with Fernando “Ferfal” Aguirre. He wrote about his experiences of the economic collapse in Argentina in his very popular book, The Modern Survival Manual: Surviving the Economic Collapse. Argentina hasn’t really recovered from their collapse many years ago. This video discusses one Barter Market Club that is located in an abandoned textile factory.
For instance, each time Apple releases a new version of the iPhone, the second-hand market for older versions of the iPhone enjoys a flurry of activity. However, you do have to be as careful with the barter of used goods as you would be with the purchase of used goods. Be sure everything is in working order and shows no signs of significant damage.
“Economic theory has always got to be historically bounded,” Beggs says. “I think it’s a mistake to think you’ll find the workings of modern money by going back to the origins of money.” He does point out that, while barter may not have been widespread, it’s possible that it happened somewhere and led to money, just given how much is unknown about such a large period of time.