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The Birth Of Barter: How One Greek Town Dropped The Euro And Moved On

Tyler Durden's picture




 

Greece was the first country to defect from the non-default game theory regime of the European Union (a move which ultimately will be in its great benefit, as it is forced, very shortly, to default higher and higher into the 177% of GDP secured debt, until finally even the Troika's DIP loan is impaired). It has also become the first country to demonstrate that people can, contrary to apocalyptic claims otherwise by the global banker consortium which realizes oh too well it will be its death if people stop playing by the broken rules, exist under a barter regime. The video below shows how the Greek town of Volos develops its own bartering system without the aid of the euro. Yes - it can be done, especially since one is forced to produce in order to consume, and borrowing infinitely from the future becomes impossible.

 

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Wed, 04/18/2012 - 15:36 | 2355752 Seize Mars
Seize Mars's picture

I've said it before.

We

Don't

Need

Banks

Wed, 04/18/2012 - 15:41 | 2355779 SilverTree
SilverTree's picture

FIFO bitches!

Wed, 04/18/2012 - 15:46 | 2355807 Troll Magnet
Troll Magnet's picture

ooooh...somebody at BBC will be getting fired any minute now for "leaking" this story.

Wed, 04/18/2012 - 15:52 | 2355833 Pinto Currency
Pinto Currency's picture

 

Digital currency time.

This cannot be permitted.

Amschel.

Wed, 04/18/2012 - 15:57 | 2355852 Trimmed Hedge
Trimmed Hedge's picture

Dick Clark dead.. DEAD!

Wed, 04/18/2012 - 15:58 | 2355856 hedgeless_horseman
hedgeless_horseman's picture

 

 

Disintermediation, bitchezzz!!!

Wed, 04/18/2012 - 16:03 | 2355870 Pinto Currency
Pinto Currency's picture

 

... Dick Clark dead after wheel chair squash game with David Rockefeller in NY Fed gold vaults.

Wed, 04/18/2012 - 17:47 | 2356182 Pinto Currency
Pinto Currency's picture

 

Permit me to (OUTLAW BARTER and using central banking and legal tender laws) issue and control the money of a nation, and I care not who makes its laws.

Mayer Amschel Rothschild

 

Wed, 04/18/2012 - 19:15 | 2356490 Roger O. Thornhill
Roger O. Thornhill's picture

Interesting! And no real way to leech off of the people with exotic "financial products." It works to well and can't be gamed properly.

My bet? This will be declared a new form of terror by the EU technocrats.

 

Wed, 04/18/2012 - 20:16 | 2356731 Pinto Currency
Wed, 04/18/2012 - 22:03 | 2356974 Transformer
Transformer's picture

"Interesting! And no real way to leech off of the people with exotic "financial products." It works to well and can't be gamed properly.

My bet? This will be declared a new form of terror by the EU technocrats."

 

This is part of the "Secret science of money".  With this technology, any..... ANY...  diverse group of producers could create their own money system.  If the banks were to fail, this "Secret Science" will probably just pop up everywhere.  Money would be based on production and not as it is now on the whim of bankers.  This system of creating barter money and how to make it work, is getting so widely known, I don't know how they will be able to stop it.

Thu, 04/19/2012 - 10:41 | 2358240 Pinto Currency
Pinto Currency's picture

The Yahoo! link has this displayed this morning -

This Link Is Not Authorized by Yahoo!

That wasn't there yesterday.  - and the .pdf of the JP Morgan report is still there if you continue on.

Fri, 04/27/2012 - 20:11 | 2381455 Harlequin001
Harlequin001's picture

"Secret science of money. With this technology..." - What technology? It's medieval, going back to the Stone Age.

If this isn't an absolute fucking calamity on a global scale, I don't know what is?

Wed, 04/18/2012 - 20:14 | 2356732 Pure Evil
Pure Evil's picture

Quaint little system, but the IRS has this covered. Barter, or like kind exchanges are taxed in the USSA.

Next thing you know, they'll tax you for having sex with your wife, (like kind exchange.)

Wed, 04/18/2012 - 21:07 | 2356865 Transformer
Transformer's picture

How do they tax if the people have no money?

Wed, 04/18/2012 - 21:30 | 2356925 Cathartes Aura
Cathartes Aura's picture

lol, win.

Wed, 04/18/2012 - 22:03 | 2356971 AldousHuxley
AldousHuxley's picture

they garnish future wages, unemployment benefits, social security benefits, any money from life insurance, etc....there are many ways.

 

similar to alimony and child support where courts force unemployed fathers to get a job and take 30 % of your income.

 

Thanks to American elites, bartering is considered income. They don't want to leave you alone.

 

just don't buy anything except necessary goods and try to learn to fix things yourself. or you can steal from others like the elites to pay for stuff.

Fri, 04/27/2012 - 20:06 | 2381440 Harlequin001
Harlequin001's picture

'similar to alimony and child support where courts force unemployed fathers to get a job and take 30 % of your income.'

and so they should. Why should I pay for these people's offspring?

Wed, 04/18/2012 - 21:53 | 2356958 FeralSerf
FeralSerf's picture

Evading taxes is a jailable offense.

Who's going to pay the jailer?  Beats me -- the system breaks down at some point.  Maybe they'll bring back the rack.

Fri, 04/27/2012 - 20:05 | 2381443 Harlequin001
Harlequin001's picture

'How do they tax if the people have no money?'

That's easy, they take the house you 'own', and if you don't have one of them they take your chickens.

Next stop, debtors prisons and the death penalty for well, anything really. That's what happens when you break the law in a society that has no spare cash to deal with felons...

Fri, 04/27/2012 - 20:13 | 2381456 Harlequin001
Harlequin001's picture

'Quaint little system, but the IRS has this covered..' So does just about every other taxation system on the planet, including beneficial ownership and benefits in kind both at home and overseas...

Wed, 04/18/2012 - 20:33 | 2356762 franzpick
franzpick's picture

Here's the current story of a national citizenry suffering 18% inflation who attempted to substitute gold for their national currency (house prices, for one, quoted in gold as well as the currency).

The effort by the citizens to ditch the currency, and the draconian government responce to quash any ongoing use of a currency substitute, look to me like two trends that could spread to other nations, but I'll venture that the outcome for hard money currency substitutes doesn't look good until world financial authorities lose control of their juggling and world and national credit markets collapse some morning, once again:

http://therealasset.co.uk/vietnamese-gold/?s 

Wed, 04/18/2012 - 16:03 | 2355874 Pladizow
Pladizow's picture

Slowly moving up the sale:

Debt/Money is for slaves

Barter is for pesants

Silver is for gentlemen

Gold is for Kings.

Wed, 04/18/2012 - 16:07 | 2355891 Trimmed Hedge
Trimmed Hedge's picture

...And rockin' New Year's is for bitchez, BITCHEZ!!  ; )

Wed, 04/18/2012 - 19:49 | 2356648 caconhma
caconhma's picture


The primary bank purpose was/is to provide services by facilitating & simplifying products & services exchanges.

 

However, our Jewish friends realized that providing these services they can charge exorbitant fees.

 

Then came the next step: fractional banking. In other word, creating new money from nothing and then lending them at exorbitant fees kills instantaneously two birds: creating unlimited wealth for bankers and, at the same time, gaining them control over the entire society by providing control and/or ownership over most of

· corporations,

· politicians and governments,

· judicial system

 

However, this bankers' paradise requires outmost careful and intelligent management since excesses create a chaos leading to the entire system disintegration and destruction. This happens when greed and arrogance are taking over.

  

This is exactly where we are heading now.

 

 

 

Wed, 04/18/2012 - 20:59 | 2356840 Jendrzejczyk
Jendrzejczyk's picture

We should-a taken that left turn @ Albuquerque.

http://www.youtube.com/watch?v=e8TUwHTfOOU

Wed, 04/18/2012 - 22:33 | 2357031 Revert_Back_to_...
Revert_Back_to_1792_Act's picture

This cartoon might be more appropirate.

There is a new spirit in America.

http://www.youtube.com/watch?v=HwpyVwYwQuk

??!!!

 

 

Wed, 04/18/2012 - 21:44 | 2356944 FrankDrakman
FrankDrakman's picture

"then came the next step: fractional banking."

Only a moron would blame this on jews. From the first issuance of paper money in China, time and again, people of all races and cultures have found the lure of creating more paper money than there are assets to back it irresistible.

I'm not holding anyone up as a model of virtue, but to suggest that this flaw is unique to jews suggests a certain unexamined world view.

Wed, 04/18/2012 - 21:56 | 2356962 FeralSerf
FeralSerf's picture

There seems to be a disproportionate number of Ashkenazi (faux)-Jews in the top echelons of the fractional banking biz.  Only a moron could be blind to this.

Wed, 04/18/2012 - 22:54 | 2357078 FrankDrakman
FrankDrakman's picture

You seem to lack reading comprehension skills. I said nothing about whether or not jews participate in this process, or whether they are disproportionately represented today. The OP alleged that jews created fractional banking, which is utter tripe.

Thu, 04/19/2012 - 17:13 | 2359590 FeralSerf
FeralSerf's picture

Who do you claim created fractional banking?

I've read that the practice was created by the goldsmiths when they began issuing more receipts for gold than was actually deposited with them.  Eastern European or Askenazi "Jews" are alleged to have dominated the gold smithing business in Europe a few hundred years ago.  Maybe that's why their products were called "jewelry", eh?

 

Thu, 04/19/2012 - 03:50 | 2357456 Colonial Intent
Colonial Intent's picture

Jews became lenders by default, both islam and christianity banned usury, jews were given a niche market.

Thu, 04/19/2012 - 08:22 | 2357640 Sean7k
Sean7k's picture

While the Chinese were the first to try and fail with paper money, most other attempts at debasement focused on the remaking of coins with lesser weights or mixed metals. The current system has it's foundation in the warehouse slip system of the goldsmiths- one of which is our famous Anschel Rothschiild- A Jew.

It was left to his five sons to create a system of banking that would focus on the control of currency and the buying of governments. This flaw is unique to Jews in the sense that for centuries, because of Church pressure, they were the only ones allowed to loan at interest. They became the bank by default.

To blame jews for the woes of central banking is misguided, to blame the Rothschilds and the Zionist organization they spawned from the gates of hell is not. 

Wed, 04/18/2012 - 16:09 | 2355895 theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

how much of this new greek currency do I get for an ounce of gold?

where are the stopguards that the guy with the central database won't inflate

Wed, 04/18/2012 - 17:13 | 2356126 Withdrawn Sanction
Withdrawn Sanction's picture

where are the stopguards that the guy with the central database won't inflate

Good question and the key one for ANY monetary regime.  The opprobrium of one's neighbors is a powerful disincentive for him to cheat.  He has to live daily w/those folks.  It's not a fail-safe by any means, but more powerful than what we've got over BB.

What happens, however, when there is honest disagreement b/w the database guy and the account holders?  This would seem to me to be a far more likely occurrence.

Wed, 04/18/2012 - 18:16 | 2356358 Cloud9.5
Cloud9.5's picture

He is within reach of the people he would defraud.  Best be careful, lots of lamp posts in the village square.

Wed, 04/18/2012 - 18:57 | 2356458 Bobbyrib
Bobbyrib's picture

He is still a banker! /sarcasm.

Wed, 04/18/2012 - 22:53 | 2357077 Revert_Back_to_...
Revert_Back_to_1792_Act's picture

We filled out all the proper forms and asked for things to be this way.

http://www.youtube.com/watch?v=buiO1K_kRSg

http://www.youtube.com/watch?v=VJpUQ-6cZrE

 

Wed, 04/18/2012 - 23:44 | 2357174 franzpick
franzpick's picture

 

Gold is for Kings and Silver is for Gentlemen - only in the (manipulated) good times.

After the impending world credit collapse, barter will rule for awhile, and hard money black markets will be the method of exchange.

See, as one example, Russia, 1991. From wikipedia:

Shortly after the fall of the Soviet Union in 1991, local currencies were introduced in the newly independent states.

http://en.wikipedia.org/wiki/Soviet_ruble

 

Wed, 04/18/2012 - 19:03 | 2356485 Whiner
Whiner's picture

He was only...drum roll....82! I thought he was 112. American Bandstand will have to cease programming.

Wed, 04/18/2012 - 16:11 | 2355905 whatsinaname
whatsinaname's picture

Brilliant. Thanks ZH.

 

Wed, 04/18/2012 - 15:41 | 2355781 LowProfile
LowProfile's picture

Coming to a community near you!!!

BRING IT BITCHEZ.

Really...  Please, bring it. The sooner the better.

Wed, 04/18/2012 - 16:26 | 2355954 CPL
CPL's picture

Participatory Economics is the word you guys are looking for here.  Go long TEM...in the Greek towns using them.

 

Wed, 04/18/2012 - 16:59 | 2356058 Belarusian Bull
Belarusian Bull's picture

That renegade town full of terrorists will be soon purged by armed forces of The Holy Empire of Fiat-loving Bankers.

I pity the children, they were sort of cute :(

Wed, 04/18/2012 - 18:11 | 2356286 CH1
CH1's picture

Oh no! There must be an Al Queda cell there!!

Call in the drones! Let the bombing begin!

Wed, 04/18/2012 - 16:44 | 2356012 agent default
agent default's picture

You really can't do it for the long run.  You see the government requires taxes and taxes can only be paid in legal tender.  So  eventually you have to somehow have to come up with the banknotes.  And people still think taxation is about paying for the roads.  It is  about keeping you locked into their monetary system.

Wed, 04/18/2012 - 16:54 | 2356044 LowProfile
LowProfile's picture

 

You really can't do it for the long run.

Says who, motherfucker?!?!

Wed, 04/18/2012 - 16:57 | 2356054 WTFx10
WTFx10's picture

Agent douche bag, use the fiat to pay them their extortion fees and barter for everything else you can. You'll end up have more. Give the criminals their monopoly money.

Wed, 04/18/2012 - 17:04 | 2356082 agent default
agent default's picture

Yeah, but where will you get if from in the first place?  Eventually, your stash of paper in a barter economy will run dry as taxes pile up.  This is the whole point of taxation, to keep you inside the system.  Oh, and by the way I was talking to a Greek guy last week, and get this: In Greece there is a virtual income determined by the size of your property, your car, 5000Euro for just being alive(no really he had to explain that to me three times).  So even if your tax return is peanuts, they will tax you on what they think you make.  The only viable system of barter under those circumstances involves sending large quantities of 5.45x39 to the government for free.  But the Greeks do not seem that determined at this point in time.

Wed, 04/18/2012 - 17:56 | 2356291 CH1
CH1's picture

Fuck taxes!

Wed, 04/18/2012 - 18:21 | 2356370 LowProfile
LowProfile's picture

Just give 'em the bare minimum for property taxes.

And if they come after people for not declaring barter as income, fuck 'em, let 'em try and put EVERYBODY in prison for tax evasion.

I mean putting massive amounts of people that dissented in prison worked out OK for the USSR, right?!  LOLWAITWUT

 

Wed, 04/18/2012 - 18:46 | 2356427 agent default
agent default's picture

WHERE ARE YOU GOING TO GET THE DAMN CASH???  The Greek economy is frozen solid, it's more like an insect in a spider web and sucked dry by the Troika/ECB/spider. 

I blame the Greeks, they should have gone Dumdum on the Troika/EU/Sold out government shills of theirs,  yesterday.

 

Wed, 04/18/2012 - 19:02 | 2356484 Sean7k
Sean7k's picture

Money can be anything of value. The US started using the spanish reale for example, yet we had plenty of trade. Larger trade actions can be satisfied in whatever asset is acceptable to settle a contract: gold, silver, olives, oil, wine or even renimbi...

Wed, 04/18/2012 - 18:39 | 2356415 Sean7k
Sean7k's picture

Governments require the approval of the people to operate. When government loses that approval through its' actions and deeds, it is no longer viable. While governments can forstall this day through public assistance programs, once those programs are eliminated, the people have no reason to extend their approval.

This is the problem with austerity programs that focus on benefits the people have planned on for retirement. When granny goes rambo, the whole situation changes.

Wed, 04/18/2012 - 18:58 | 2356462 GeezerGeek
GeezerGeek's picture

When granny goes rambo the government realizes that it can ignore the approval of the people as long as it has lots of guns and bullets and police willing to use them.

Wed, 04/18/2012 - 19:05 | 2356500 Sean7k
Sean7k's picture

Sorry, government doesn't have enough resources to contain the people. Government depends on people following the law. The US couldn't handle three large cities in Iraq, they are getting kicked out of Afganistan. The US is one of the most highly weaponized societies in the world. 

Anyway, I doubt soldiers are going to fire on granny.

Wed, 04/18/2012 - 19:00 | 2356472 GeezerGeek
GeezerGeek's picture

When granny goes rambo the government realizes that it can ignore the approval of the people as long as it has lots of guns and bullets and police willing to use them.

Wed, 04/18/2012 - 19:05 | 2356503 MeelionDollerBogus
MeelionDollerBogus's picture

If you see how many protesters are facing Greek police and throwing firebombs you'll see police do NOT have the upper hand.

Wed, 04/18/2012 - 23:21 | 2357109 Milestones
Milestones's picture

If you're 23 and a single cop--maybe. Kids in in school and wife working-ya got to be an idiot to play that game. 300,000,000 guns vs. 1,000,000 cops. These fools are not 10 foot tall. It would be a slaughter.

We are getting closer however. The whole world has gone bonkers.             Milestones

Wed, 04/18/2012 - 18:43 | 2356425 CPL
CPL's picture

When the entire top end of the social strata is loaded to the tits with idiots and theives, why would they ever adopt that "government" again?

 

They won't.  The system requires that you contribute a real service and real goods first before being given recipt.  It is the abject opposite of credit/debt systems.  It actually rewards savings, hard work, real design improvements which the gains are gained from work.  Not a promise or an IOU.  You know, REAL capitalism.

 

Wed, 04/18/2012 - 19:03 | 2356483 Bobbyrib
Bobbyrib's picture

In the video it seemed as though they had things that were perceived as valuable, but weren't vital to the survival of the community. The woman selling plants isn't vital to the survival of the community unless she is selling vegetable plants. Seems they just want to get as many people involved in the system to keep it going.

Wed, 04/18/2012 - 19:03 | 2356493 MeelionDollerBogus
MeelionDollerBogus's picture

in the long run the non-payment of taxes means non-enforcement of tax collection as even the police quit - they will be denied food & lodging soon if they choose the wrong way. Then they will die.

Wed, 04/18/2012 - 22:05 | 2356980 FeralSerf
FeralSerf's picture

In third world countries (in which group the U.S. seems to be rapidly headed for membership), police often don't get salaries.  They work for whatever they can extort out of the proles -- could be money, food, fuel, sex, drugs, or?.

Wed, 04/18/2012 - 23:39 | 2357158 MeelionDollerBogus
MeelionDollerBogus's picture

or precious metals - gangs bring in food for Zimbabwe to take away raw grains of gold, dug by hand. 0.1 grams for a loaf of bread

Wed, 04/18/2012 - 19:21 | 2356566 Malachi Constant
Malachi Constant's picture

You see the government requires taxes and taxes can only be paid in legal tender. So eventually you have to get rid of the government.

Here, fixed it for you.

Wed, 04/18/2012 - 20:56 | 2356837 lakecity55
lakecity55's picture

Yeah! At one time, the goobers in the gubbermint could only use tariffs and customs taxes.

And it worked!

Wed, 04/18/2012 - 22:18 | 2357008 smb12321
smb12321's picture

The real problem is that barter works locally but is impractical long distance (which explains why energetic trade started with the creation of currency).  Personally, I'd rather hand someone a silver dollar than cart around a chicken.

Wed, 04/18/2012 - 15:46 | 2355782 iDealMeat
iDealMeat's picture

The Birth Of Barter: ??   See craigslist >> barter

Wed, 04/18/2012 - 15:53 | 2355839 yabyum
yabyum's picture

I will give you four Frankin silver half dollars for that skinny hooker in the ZH ad for estabished men! Final offer my friend!!

Wed, 04/18/2012 - 15:57 | 2355853 tmosley
tmosley's picture

Joke's on you, you could have had her for three slick dimes.

Wed, 04/18/2012 - 15:59 | 2355861 hedgeless_horseman
hedgeless_horseman's picture

 

 

Cramer charges a bit more than that, and he ain't that skinny.

Thu, 04/19/2012 - 01:43 | 2355907 iDealMeat
iDealMeat's picture

Ha!  I'd take those Franklins and trade them to see Cramer get reamed by the donkey down in TJ..

 

 

Wed, 04/18/2012 - 16:11 | 2355912 tmosley
tmosley's picture

But he can't tell the difference between those and fake dimes.  So really, that ass is free.  Of course, I'd rather carve it up for dogfood, but what do you do?

Wed, 04/18/2012 - 16:02 | 2355875 Dr. Richard Head
Dr. Richard Head's picture

I just told her I protected Obama.  I banged her at night and I stiffed her in the morning.  HEY OHHHHH!!!!!   

Wed, 04/18/2012 - 17:36 | 2356233 yabyum
yabyum's picture

But Tmosley, I can afford to pay a little extra for quality. 1) Iam not a secret service agent 2) Iam a ZH established man!;)

Wed, 04/18/2012 - 15:57 | 2355860 SheepDog-One
SheepDog-One's picture

Yeah, how can something thats been around for thousands of years be 'birthed' today?

Wed, 04/18/2012 - 16:51 | 2356035 Brother Revegen...
Brother Revegend Magoun's picture

Yes, I know my opinion will not be popular, but the truth seems to be: BANKS DON'T NEED YOU. 

Wed, 04/18/2012 - 18:21 | 2356375 LowProfile
LowProfile's picture

Care to elaborate? (crickets)

Wed, 04/18/2012 - 19:05 | 2356489 Zero Govt
Zero Govt's picture

Brother R  "Banks don't need YOU"

There are 2 types of bank runs (ie. ways to collapse a bank)

1). other banks don't lend to the bank

2). it's customers don't lend to the bank

Have you got those bits?

Then consider banks leverage customers deposits 10, 20, 50 to 1 ...what happens when customers take their money out? ...go figure

Wed, 04/18/2012 - 19:04 | 2356496 Bobbyrib
Bobbyrib's picture

Uh..they can print money that no one uses then print more and loan it to no one. /sarcasm.

Wed, 04/18/2012 - 17:22 | 2356166 walküre
walküre's picture

We

Don't

Need

Taxes

Either

Wed, 04/18/2012 - 18:18 | 2356371 skepticCarl
skepticCarl's picture

"We don't need banks"

Well, Einstein, show me just one country on earth that is functioning without banks. From Asia to Africa, North to South America, civilization has used "banks".  That your comment was liked by so many shows just how delusional, almost raptured, are the Zero-groupies.

Wed, 04/18/2012 - 18:45 | 2356431 Sean7k
Sean7k's picture

Well Einstein, show me how that negates his premise. Show me one country that had airplanes before the 1900's. Evolutionary changes are forced on civilization by necessity. The elimination of banks would be a welcome evolution.

Wed, 04/18/2012 - 19:03 | 2356492 Dave Thomas
Dave Thomas's picture

Well thanks for playing Carl! We'll send you off with a version of our home game! Round of applause folks!

http://www.youtube.com/watch?v=HmQnEyiGdGQ

Wed, 04/18/2012 - 21:05 | 2356863 Seize Mars
Seize Mars's picture

Thanks for calling me Einstein, I'll take it as a compliment. A bank is one of two things, possibly both. First, it's a safe place to store valuables. Clearly you don't need a bank for that. There are lots of companies to store valuables, (e.g. the Citadel, Perth Mint, Et cetera). Second, it's a place to borrow money. There is currently a profusion of "peer to peer lending" networks online these days. Even if they weren't there, you can still borrow from your friends or neighbors. What's wrong with that?

What else does your bank do? Well they issue credit, i.e. they print money. You sure don't need that!

Wed, 04/18/2012 - 20:59 | 2356852 Seize Mars
Seize Mars's picture

By the way, the brunette in the SnorgTees ad ("Geek is the new Sexy" shirt) is so hot!!!

So I went on SnorgTees and bought some crap.

Wed, 04/18/2012 - 21:11 | 2356879 Silveramada
Silveramada's picture

yes, imagine 1 oz of silver how good would do in a bartering  system... :)

Wed, 04/18/2012 - 21:41 | 2356936 philipat
philipat's picture

Does it involve Tulips?

Wed, 04/18/2012 - 15:35 | 2355754 Gene Parmesan
Gene Parmesan's picture

But... but... how will these transactions be taxed?!

Wed, 04/18/2012 - 15:40 | 2355775 JailBank
JailBank's picture

Yup this will be closed down quick for that reason alone. The gubment needs their cut. Tax man is like Paulie from Goodfellas. EFF YOU PAY ME!

Wed, 04/18/2012 - 15:44 | 2355796 LowProfile
LowProfile's picture

Gonna be mighty hard if the security guards are (formerly but no longer paid by b/k'd goobermint) the policemen...  Who are now employed by the town barter community (and live in town).

Wed, 04/18/2012 - 16:02 | 2355880 tamboo
Wed, 04/18/2012 - 15:48 | 2355823 hardcleareye
hardcleareye's picture

Hey, this is Greece we are talkin about....  gubment ain't going to be collecting NO taxes from these folks.... 

Wed, 04/18/2012 - 15:49 | 2355829 Gene Parmesan
Gene Parmesan's picture

Wait until the German/EU overlords find out though.

Wed, 04/18/2012 - 15:54 | 2355847 cossack55
cossack55's picture

Beware the Fallschirmjager II

Wed, 04/18/2012 - 19:05 | 2356497 GeezerGeek
GeezerGeek's picture

Another flavor of air pollution?

Wed, 04/18/2012 - 16:00 | 2355869 streetcrawler
streetcrawler's picture

Why do they plant trees along the roads in Greece? So the Germans can march in the shade.

Wed, 04/18/2012 - 16:53 | 2356047 Coke and Hookers
Coke and Hookers's picture

I thought that was in France...

Wed, 04/18/2012 - 18:02 | 2356318 ForTheWorld
ForTheWorld's picture

Because in some places, not everyone uses a car to get around, and it's far more pleasant to walk or ride a bicycle in the shade.

Wed, 04/18/2012 - 19:08 | 2356509 NotApplicable
NotApplicable's picture

Random soap-box much, Mr. Holier-than-thou?

Wed, 04/18/2012 - 19:12 | 2356522 ForTheWorld
ForTheWorld's picture

How is that getting on a soap box and being holier-than-thou? I wasn't berating or belittling the poster - I was just stating that not everyone drives a car, and it's pleasant to walk or ride a bike in the shade.

Wed, 04/18/2012 - 15:46 | 2355799 El Viejo
El Viejo's picture

They found a way to tax waiters and waitresses.

And when the self employed got into tax trouble and could not pay their taxes the IRS went after the 'employers' of the self employed.  That's why you don't see as many 1099s any more. Companies don't want to take a risk on you.

Wed, 04/18/2012 - 15:51 | 2355828 resurger
resurger's picture

 

 

 

 

                                                                                                                                       This post says one thing

                                                                                                                                         FUCK THE BANKERS

Wed, 04/18/2012 - 16:51 | 2356039 WTFx10
WTFx10's picture

Don Rothschild and His Consigliere Rockefeller and the rest of the Jewish Mafia (Banksters) would disagree.

Not all Jewish people are in the mob. Separate the criminal from the race please.

Wed, 04/18/2012 - 22:20 | 2357011 FeralSerf
FeralSerf's picture

Notwithstanding their claims otherwise, the Ashkenazim are not a race, they're a nationality.  Most Ashkenazim, like other nationalities, are not criminals just like, overwhelmingly, most Italians aren't in the mafia.  However a very sizable number of the members of the Sicilian mafia are Italian nationals.   Likewise a disproportionate number of FIRE executives are Ashkenazi.

Wed, 04/18/2012 - 16:05 | 2355883 SheepDog-One
SheepDog-One's picture

Oh well I guess the millionaire/billionaire politicians and bankers will have to actually find some way to work/produce a good or service for a living.

Wed, 04/18/2012 - 16:19 | 2355940 DeadFred
DeadFred's picture

I'm pretty sure barter = terrorism.

Wed, 04/18/2012 - 19:05 | 2356502 GeezerGeek
GeezerGeek's picture

According to an earlier article today, it's merely a pre-crime at the moment.

Wed, 04/18/2012 - 19:15 | 2356541 zerozulu
zerozulu's picture

Ohhh, in USA, the whoe town will be sent to FEMA camp. new camps are big enough.

Wed, 04/18/2012 - 20:48 | 2356809 lakecity55
lakecity55's picture

Nah, they will just put razor wire around the town and make IT the FEMA camp.

Wed, 04/18/2012 - 17:40 | 2356251 in4mayshun
in4mayshun's picture

If barter becomes too pervasive, the greek gov will just switch to an oppressive flat tax and blame the change on the citizens for trying to barter outside "the system."

Wed, 04/18/2012 - 15:37 | 2355762 FXPortent
FXPortent's picture

I trade one Gyro for a pack of Pokemon cards!

Wed, 04/18/2012 - 15:41 | 2355773 Sudden Debt
Sudden Debt's picture

Which pokemons? .... If you throw in A pack of cotton swaps, YOU'VE GOT A DEAL AND I'LL GIVE YOU A PICACHU!!

Wed, 04/18/2012 - 15:39 | 2355763 css1971
css1971's picture

Terrorists!!!!!

 

DUCK AND COVER!!!!

 

Basically if this spreads they'll put a stop to it. While it's insignificant they don't care.

Wed, 04/18/2012 - 15:44 | 2355786 EBR MOD 0
EBR MOD 0's picture

won't be long the boyz in black will pay them a visit....we cannot have this now.

Wed, 04/18/2012 - 16:07 | 2355887 SheepDog-One
SheepDog-One's picture

They can squeeze but the tighter they squeeze the more worlds will slip thru their fingers. 

Wed, 04/18/2012 - 16:39 | 2356002 onthesquare
onthesquare's picture

so the goberment boys come to your door and it is late at night.  The hotel is closed soo you tell them they can stay at your house but they will have to share the bed with your daughter.  In the morning everythin is ok as long as they continue with the frequent visits to bartertown.

Wed, 04/18/2012 - 17:59 | 2356307 CH1
CH1's picture

That's why the mace was invented, so many milennia ago.

Wed, 04/18/2012 - 15:45 | 2355805 ACP
ACP's picture

Yeah no shit - that would be a one way ticket to GITMO in the US.

But what about the Constitution you might say...

...yeah, what about it?!? would be the answer.

Wed, 04/18/2012 - 20:38 | 2356780 Oh-Globits
Oh-Globits's picture

got bullets???

Wed, 04/18/2012 - 15:41 | 2355767 dwdollar
dwdollar's picture

This sounds more like an alternative currency than a barter system. The bankers will try to snuff this out if it gets too big or catches on elsewhere.

Wed, 04/18/2012 - 15:40 | 2355771 battle axe
battle axe's picture

The  new currency in Greece, Goats. Coming soon to America. 

Wed, 04/18/2012 - 15:47 | 2355808 Doubleguns
Doubleguns's picture

Gotta get my fence in soon.

Wed, 04/18/2012 - 15:47 | 2355809 WALLST8MY8BALL
WALLST8MY8BALL's picture

Capital One has a nice goat! mena mena mena baaah!

Wed, 04/18/2012 - 16:42 | 2356009 onthesquare
onthesquare's picture

I will trade you one goat for a sleep over with your daughter or in Greece it could be you son.

Wed, 04/18/2012 - 16:52 | 2356042 Brother Revegen...
Brother Revegend Magoun's picture

You have to have balls to act like Greeks in this video. So far I don't know of any american, who did introduce new currency, which would become popular, and that genius would not be in jail now.

Wed, 04/18/2012 - 18:00 | 2356315 CH1
CH1's picture

You have to have balls to act like Greeks in this video.

Yes... to ACT... not to talk, argue and pontificate forever, but to ACT.

Home of the brave my ass.

Wed, 04/18/2012 - 19:07 | 2356511 GeezerGeek
GeezerGeek's picture

The US has a functioning fascist government. Greece, not so much.

Wed, 04/18/2012 - 19:20 | 2356553 Temporalist
Temporalist's picture

HAHA that's a good one.  I like how government functions without of budget for 3 years and still can manage to increase the amount of debt it incurs...that's a nifty trick.

Wed, 04/18/2012 - 19:13 | 2356526 zerozulu
zerozulu's picture

In my barter town, i will have a Pepsi liter bottle filled with gasoline as a one unit.

Wed, 04/18/2012 - 19:18 | 2356550 Temporalist
Temporalist's picture

Well Brother Revegend Magoun you couldn't be more wrong.  Here is the Ithaca Hour (incidentally Ron Paul is speaking in Ithaca tomorrow) https://en.wikipedia.org/wiki/Ithaca_Hours  "It has inspired other similar systems in Madison, Wisconsin; Corvallis, Oregon;[2] and a proposed system in the Lehigh Valley, Pennsylvania."

and other currencies (even Disney uses its own Disney money when in Disney World which technically applies) https://en.wikipedia.org/wiki/List_of_community_currencies_in_the_United...

 

Local currencies: 'In the U.S. we don't trust'

http://money.cnn.com/2012/01/17/pf/local_currency/index.htm

 

Communities print their own currency to keep cash flowing

http://www.usatoday.com/money/economy/2009-04-05-scrip_N.htm

Wed, 04/18/2012 - 18:47 | 2356429 Zola
Zola's picture

I unfortunately think the currency will be SHEEP. Thankfully, there is plentiful supply in the USSA so Bukake Ben's successor will be happy !

Wed, 04/18/2012 - 16:00 | 2355776 Dick Darlington
Dick Darlington's picture

He who moves first moves best. Remember this from Spain?

 

Residents of Spanish village go back to peseta as euro crisis takes hold http://www.thisismoney.co.uk/money/news/article-2100894/Residents-Spanis... Remember this from Italy? A small town in central Italy has declared its independence and started to print its own banknotes. http://www.bbc.co.uk/news/world-asia-pacific-14774526
Wed, 04/18/2012 - 15:41 | 2355777 carbonmutant
carbonmutant's picture

Tax Free Bitchez...

Wed, 04/18/2012 - 15:42 | 2355783 The Navigator
The Navigator's picture

By tomorrow, they'll be counterfeiting the 'tem'

Wash, rinse, repeat.

Wed, 04/18/2012 - 15:46 | 2355785 maneco
maneco's picture

The government can't tax barter and that is why they are fighting tooth and nail to keep their fraudulent fiat money system going. It's also much more difficult to tax when people barter with precious metals. Gold and silver are the money of free peoples.

Wed, 04/18/2012 - 15:45 | 2355788 Sudden Debt
Sudden Debt's picture

http://www.youtube.com/watch?v=nqM7AFL4ixA&sns=em

....

This guy needs MORE FOODSTAMPS!!!

And this guys message to the Greeks:

http://www.youtube.com/watch?v=gF_0zIfvDhM&sns=em

Wed, 04/18/2012 - 15:43 | 2355790 El Viejo
El Viejo's picture

And this is precisely why Gold will not become a tyrannical apocalyptic currency either.

 

Wed, 04/18/2012 - 15:46 | 2355806 LowProfile
LowProfile's picture

Cannot vote you up enough...

Wed, 04/18/2012 - 16:07 | 2355890 SheepDog-One
SheepDog-One's picture

Well anything can be a currency, even rocks, it just depends on what someone else wants.

Wed, 04/18/2012 - 19:01 | 2356467 Bastiat
Bastiat's picture

How many goats for a 10,000 gallons of gas?

Wed, 04/18/2012 - 19:21 | 2356559 Temporalist
Temporalist's picture

I'm going to need bigger pockets...lined with plastic.

Wed, 04/18/2012 - 15:44 | 2355791 youngman
youngman's picture

I do not think this is new in Greece.....this is why they are in the problem they are in.....no one there pays taxes...

Wed, 04/18/2012 - 15:55 | 2355838 El Viejo
El Viejo's picture

May be too much govt is the reason they are in the problem they are in. Not everyone in the world wants what the govt has to offer. It's been estimated that you get a 10% return on your investment and you can forget the principle.

Wed, 04/18/2012 - 16:10 | 2355893 Paul Atreides
Paul Atreides's picture

But I get to vote every 4 years, that makes me liable for all their fraudulent borrowing and spending.

Wed, 04/18/2012 - 16:43 | 2356013 Amagnonx
Amagnonx's picture

Yep - its the not paying the taxes thats the problem, not the govt making under the table deals with Goofball Sacks which go belly up.

 

Its almost as if people think they deserve to get some benefit from their own work - disgusting.

Wed, 04/18/2012 - 15:44 | 2355792 GrinandBearit
GrinandBearit's picture

What happens with the computer system goes down?  How are you going to keep track of the amount of credits? 

This is not true barter.

 

Wed, 04/18/2012 - 16:02 | 2355879 SilverIsKing
SilverIsKing's picture

Hey Tyler, please delete this story from the site.  I just learned that this is not true barter.

Do NOT follow this link or you will be banned from the site!