the barter/exchange economy

The fiat currencies of the world are all on the last pages of their run. This is no accident, but regardless of cause we get to figure out life in the next phase.

For our entire lives we used the USofA dollar to denominate our transactions. Groceries, clothing, energy, labor, housing, luxuries, savings, retirement needs, investments … every transaction and resource decision was measured in dollars.

That system is about to seize up. Dystopian books and movies have all shown us how the banksters intend the next phase to look. Your electronic currency will be transacted via subcutaneous RFID, retina scans, facial recognition devices or others. In all cases, the controllers turn off the protagonist’s money supply with the flip of a switch for doing something the rulers do not approve of.

Sorry, no hamburger today – you are on a strict vegan diet

It could be your social credit score being too low, disallowed items in your grocery cart, your refusal to participate in a particular program, or any number of behaviors your rulers do not want you to do. Suffice it to say we outliers need Plans B, C, D …

Strong friendships and family ties will be very important, but our wants and needs will go beyond what those can possibly deliver.

In all economically barren socialist, apocalyptic, collapsed, war-torn or otherwise destitute communities, Barter / Exchange Economies fill the voids.

I have been writing on this for a long time. Greater experts than I have long predicted the end of the fiat currency run, but, surprising most of us, the globalists found ways to delay the collapse and consolidate even more resources and power into their hands. It will end. Be as ready as you can.

Cultivate local connections. Friends, family, neighbors and community will be crucial. Resources from far away are not likely to be available at any price. Stock up on them as much as you can while you can. Your community will be extremely grateful that you did.

One reasonably straightforward way to slide into the barter/exchange economy is with real silver and gold coins. They have over 20 centuries of stable value behind them. Four silver quarters as I write today are worth $25. When paper money litters the streets as trash, silver coins will be highly-prized currency.

On a related note, buy your gold and silver from a local dealer. Build a relationship, help keep him in business and let him know you support keeping him around.

Below are two articles from economists with bigger credentials than mine.

– Ted –

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Ray Dalio, who runs one of the world’s largest hedge funds, yesterday sent out an email re-framing what’s going to happen to wealth in this country.

Due to the inflation we’ve seen (and possibly something much worse), wealth will no longer be measured in digits that appear on your financial statements.

“When you are seeing your financial wealth go up, as is happening now, don’t think you are gaining real wealth when your buying power is going down,” he said.

Since at least 2017, Dalio has warned about coming stagflation this decade, followed by a potentially catastrophic shift in geopolitical power. In short, wealth in the United States will be redefined.

Here are Dalio’s four simple rules for understanding wealth in the future:

Wealth = Buying Power

Wealth ≠ Financial Wealth

Making Wealth = Being Productive

Wealth Decline = Power Decline

When I think about wealth in the future, I really think about owning the means of production. Here’s why:

Over the summer, I read several books on hyperinflation. Here are a few things I learned:

1. Nearly everyone gets wiped out.
2. Food was scarce.
3. Those that owned the means of production of raw materials — lumber, ore, mines, crops, etc. — got richer.

One thing I’ve started doing is pricing financial assets in the means of production.

One share of Amazon is not $3,500, it’s is a saw mill.

One Ethereum token is not $4,600, it’s one one bio-diesel processor.

And so on…

If you’re concerned about runaway inflation or hyperinflation, then think less about the growth of ones and zeroes on paper and think more about owning the means of production.

If Dalio is correct, and I believe he is, then making wealth in the future will be measured in productivity: producing raw materials and owning real assets.

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… and from Michael Snyder of The Economic Collapse:

If you are waiting for life to “get back to normal”, you are going to be waiting for a very long time.  As MN Gordon has noted, pre-2020 prices are now gone forever…

Pre-2020 prices, much like pre-1965 prices, are gone forever. Deficits of $5.9 trillion over the 24 months ending September 30, 2021, and a Fed balance sheet expansion of nearly $5 trillion over the same period, have irrevocably damaged the entire pricing structure of the financial system and the economy.

Price inflation is on the move. Reality can no longer be covered up with Washington’s lies. We expect this episode of inflation will be one for the history books.

I wish that I had better news for you.

I really do.

But sooner or later, this is what socialist regimes always do.

They tell us to study hard, get a good job and work as hard as we can.

And then they give our money to people that haven’t done any of those things.

Eventually they run out of other people’s money, and so then they just start wildly creating more.

Unfortunately, every time that this has been tried throughout history it has always ended in disaster, and now it is our turn.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, “Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.