In the wake of today’s defeat of President Bush’s $700 billion bailout program for the US financial system, the United States has converted entirely to a barter economy. As of 12:01 AM, US currency is functionally worthless, except as scrap paper, toilet tissue, or a hankie to staunch the endless flow of your salty tears. As such, all future transactions — public and private, bilateral and multilateral — shall be based on the direct exchange of goods and/or services between or among the parties involved. Immediately following the announcement, President Bush announced a 700 billion live chicken bailout of Wall Street.
Photo: webkatalog.sk
1 response so far ↓
Ethan Carlson // November 4, 2009 at 11:15 pm |
I am considering how to convert my dollars into something that will be valuable after the dollar collapses. Perhaps the barter economy concept is a useful model to assess ways to store your wealth.