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To: Tax-chick
In the event that we’re reliant on barter, who would barter something useful for something useless?

Because in the history of barter - gold and silver have always been traded and have never been worth zero.

There are plenty of other things to barter too.

14 posted on 09/27/2015 6:26:58 PM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: 2banana

If we’re trading gold and silver, then we have a monetary system, not a strict barter economy. The definition of money is, “A medium of exchange, or a store of value,” independent of the item’s practical use. Gold and silver have some practical uses, but those will be no more relevant in a total economic collapse situation than will be the decorative value of cowrie shell.


16 posted on 09/27/2015 6:30:41 PM PDT by Tax-chick ("There will be no conservative issue islands left to stand on if the red tide comes in."~S. Knish)
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