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After the "it" hits the fan

Lessons from Argentina

Argentina , bank failure , barter , economic collapse , government , rebuilding

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The tried and true art of barter

What happens when banks close, financial systems rupture, and cash becomes incredibly scarce.

Barter.

The way mankind survived for thousands of years before banks and currency and even coinage.

Popular to contrary myth, barter can take up the slack. In the former Soviet Union fortunes were made trading industrial sized quantities of goods including the output of the entire factories.

Keep in mind one thing though. Uncle Sam expects to get paid his cut on every transaction whether cash is involved or not. Imagine that.

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