The One Thing You Need to Survive in a Barter Economy
When there is no currency, people start to trade. It’s also called bartering. You have a physical item that I want. I have a physical item that you want. And so we trade item for item.
I cannot pay you with money if money has no value. For instance, the dollar has no real value. It is not backed by gold. Its value is the faith the American people place in the dollar. Once that faith is gone, the currency no longer has value.
So that’s why it’s so important to have skills of tangible value. Let me explain what I mean when I say that…
Tangible means “real or actual.” It also means “material or substantial.” Also “capable of being touched; a tangible asset.”
Many white collar workers today have few skills of tangible value. They cannot fix things. They cannot build things. They cannot grow or harvest food.
All of these things have tangible value. Value that can be seen, touched, and felt.
If money becomes worthless, would you rather have a pile of money or a car? Of course, you’d want the car. What about a bike? Or even something as simple as a spoon?
A spoon would be worth more than all the money in your 401(k) if dollars become worthless… unless of course you needed heat, and you had the bills to burn.
So strategy #1 for surviving and thriving during the collapse of a currency is to develop new skills that have tangible value. For instance:
- Metal smithing
- Mechanical repair
- Jewelry making
- Pottery (making)
- Distribution supply
- Manual labor
Notice a pattern? All of the skills require manual labor. They are not “white collar” activities for the most part.
Of all of them, gardening will become the most important of all. How will you acquire food without money to pay for it? What will you trade for food? Why not grow your own food so you’re prepared for just such a time?
Unfortunately, most folks have little space for a garden. Much less space to farm. It may make sense in some cases to acquire a home with some acreage so that you will have space to grow fruit and vegetables and prepare for the future.
A question on a lot of readers’ minds will be, “How do I acquire these skills?”
My answer is simple. Go to your library and begin reading books that help you acquire new skills. There are many books on gardening, home repair, how to make crafts, etc. These are the real skills you’re going to need to survive in a barter-based economy.
Don’t be scared. Be prepared.