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Bartering Basics: What To Do When Money Has No Value

Thursday, March 23, 2017 3:42
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Bartering Basics: What To Do When Money Has No Value

Image source: Pixabay.com

Money can quickly lose its value in the event of a catastrophic event. In 1998 in Quebec and Ottawa, an ice storm crippled the power grid in those two provinces, forcing people to learn to live without electricity for several weeks. Credit cards and other forms of electronic commerce simply ceased to function.

In such a situation, bartering can replace cash and credit cards. Bartering is the simple act of exchanging one thing for something else. But it’s rarely simple.

Bartering begins when you need something you don’t have. The key is to find someone who has it and who is willing to trade for something you have and that they want. It could be goods, or it could be services or a unique skill.

Stockpile items that will have value if the manufacturing infrastructure breaks down. Items to think about include:

As you can see from the above list, these are items that are difficult to produce or create on your own.

Source: http://www.offthegridnews.com/extreme-survival/bartering-basics-what-to-do-when-money-has-no-value/

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