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The Birth Of Barter: How One Greek Town Dropped The Euro And Moved On
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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I've said it before.
We
Don't
Need
Banks
FIFO bitches!
ooooh...somebody at BBC will be getting fired any minute now for "leaking" this story.
Digital currency time.
This cannot be permitted.
Amschel.
Dick Clark dead.. DEAD!
Disintermediation, bitchezzz!!!
... Dick Clark dead after wheel chair squash game with David Rockefeller in NY Fed gold vaults.
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
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.
Here's JPMorgan Asset Management's (optimistic) escape plan for the West's debt bubble collapse:
Mired in Debt - Navigating the Global Debt Super Cycle - November 2010 (Yahoo! Cached .pdf Article)
http://search.yahoo.com/r/_ylt=A0oGdWuNU49P.1YAaJ9XNyoA;_ylu=X3oDMTE1ZmcyNnZqBHNlYwNzcgRwb3MDMQRjb2xvA3NrMQR2dGlkA01TWTEwMV8yMDg-/SIG=15ksbrd44/EXP=1334821901/**https%3a//careers.jpmorganchase.com/cm/BlobServer%3fblobkey=id%26blobwhere=1158630189026%26blobheader=application%252Fpdf%26blobcol=urldata%26blobtable=MungoBlobs
"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.
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.
"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?
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.)
How do they tax if the people have no money?
lol, win.
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.
'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?
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.
'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...
'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...
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
Slowly moving up the sale:
Debt/Money is for slaves
Barter is for pesants
Silver is for gentlemen
Gold is for Kings.
...And rockin' New Year's is for bitchez, BITCHEZ!! ; )
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.
We should-a taken that left turn @ Albuquerque.
http://www.youtube.com/watch?v=e8TUwHTfOOU
This cartoon might be more appropirate.
There is a new spirit in America.
http://www.youtube.com/watch?v=HwpyVwYwQuk
??!!!
"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.
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.
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.
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?
Jews became lenders by default, both islam and christianity banned usury, jews were given a niche market.
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.
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
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.
He is within reach of the people he would defraud. Best be careful, lots of lamp posts in the village square.
He is still a banker! /sarcasm.
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
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
He was only...drum roll....82! I thought he was 112. American Bandstand will have to cease programming.
Brilliant. Thanks ZH.
Coming to a community near you!!!
BRING IT BITCHEZ.
Really... Please, bring it. The sooner the better.
Participatory Economics is the word you guys are looking for here. Go long TEM...in the Greek towns using them.
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 :(
Oh no! There must be an Al Queda cell there!!
Call in the drones! Let the bombing begin!
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.
Says who, motherfucker?!?!
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.
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.
Fuck taxes!
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
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.
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...
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.
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.
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.
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.
If you see how many protesters are facing Greek police and throwing firebombs you'll see police do NOT have the upper hand.
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
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.
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.
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.
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?.
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
Here, fixed it for you.
Yeah! At one time, the goobers in the gubbermint could only use tariffs and customs taxes.
And it worked!
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.
A step forward from Utah?
http://editorial.equities.com/currencies/utah-accepts-gold-silver-currency/
The Birth Of Barter: ?? See craigslist >> barter
I will give you four Frankin silver half dollars for that skinny hooker in the ZH ad for estabished men! Final offer my friend!!
Joke's on you, you could have had her for three slick dimes.
Cramer charges a bit more than that, and he ain't that skinny.
Ha! I'd take those Franklins and trade them to see Cramer get reamed by the donkey down in TJ..
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?
I just told her I protected Obama. I banged her at night and I stiffed her in the morning. HEY OHHHHH!!!!!
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!;)
Yeah, how can something thats been around for thousands of years be 'birthed' today?
Yes, I know my opinion will not be popular, but the truth seems to be: BANKS DON'T NEED YOU.
Care to elaborate? (crickets)
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
Uh..they can print money that no one uses then print more and loan it to no one. /sarcasm.
We
Don't
Need
Taxes
Either
"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.
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.
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
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!
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.
yes, imagine 1 oz of silver how good would do in a bartering system... :)
Does it involve Tulips?
But... but... how will these transactions be taxed?!
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!
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).
they can rent some cops if necessary:
http://www.zerohedge.com/news/greece-launches-rent-cop-fill-empty-public...
Hey, this is Greece we are talkin about.... gubment ain't going to be collecting NO taxes from these folks....
Wait until the German/EU overlords find out though.
Beware the Fallschirmjager II
Another flavor of air pollution?
Why do they plant trees along the roads in Greece? So the Germans can march in the shade.
I thought that was in France...
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.
Random soap-box much, Mr. Holier-than-thou?
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.
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.
This post says one thing
FUCK THE BANKERS
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.
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.
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.
I'm pretty sure barter = terrorism.
According to an earlier article today, it's merely a pre-crime at the moment.
Ohhh, in USA, the whoe town will be sent to FEMA camp. new camps are big enough.
Nah, they will just put razor wire around the town and make IT the FEMA camp.
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."
I trade one Gyro for a pack of Pokemon cards!
Which pokemons? .... If you throw in A pack of cotton swaps, YOU'VE GOT A DEAL AND I'LL GIVE YOU A PICACHU!!
Terrorists!!!!!
DUCK AND COVER!!!!
Basically if this spreads they'll put a stop to it. While it's insignificant they don't care.
won't be long the boyz in black will pay them a visit....we cannot have this now.
They can squeeze but the tighter they squeeze the more worlds will slip thru their fingers.
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.
That's why the mace was invented, so many milennia ago.
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.
got bullets???
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.
The new currency in Greece, Goats. Coming soon to America.
Gotta get my fence in soon.
Capital One has a nice goat! mena mena mena baaah!
I will trade you one goat for a sleep over with your daughter or in Greece it could be you son.
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.
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.
or to be desperate enough
http://www.thejournal.ie/italian-town-prints-its-own-currency-and-wants-...
The US has a functioning fascist government. Greece, not so much.
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.
In my barter town, i will have a Pepsi liter bottle filled with gasoline as a one unit.
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
I unfortunately think the currency will be SHEEP. Thankfully, there is plentiful supply in the USSA so Bukake Ben's successor will be happy !
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-14774526Tax Free Bitchez...
By tomorrow, they'll be counterfeiting the 'tem'
Wash, rinse, repeat.
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.
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
And this is precisely why Gold will not become a tyrannical apocalyptic currency either.
Cannot vote you up enough...
Well anything can be a currency, even rocks, it just depends on what someone else wants.
How many goats for a 10,000 gallons of gas?
I'm going to need bigger pockets...lined with plastic.
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...
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.
But I get to vote every 4 years, that makes me liable for all their fraudulent borrowing and spending.
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.
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.
Hey Tyler, please delete this story from the site. I just learned that this is not true barter.