What is the barter system?
The barter system is a fairly simple system of trade. It is defined as the exchange of goods and services between two parties. There is no need for any money to exchange hands. For example, if you needed a blacksmith to shoe your horse for you, you would have to pay him in some way. Instead of using paper money to do this, you would utilize your own skills. Perhaps you would repay him by giving him an old anvil you have lying around your house.
In the foreseeable future, the barter system could very well make a reappearance. For proof, all you need to do is take a look at the history books. After the First World War, Germany suffered defeat both physically and economically. The Mark inflated at such a rate immediately post-war that bread would cost a wheelbarrow full of paper money. This is still happening in countries in East Africa and the third world.
It will return soon enough
When the economy does collapse, humans will have to switch back to trading goods that have real value, not value assigned to paper by the governments. Even if you don’t believe in the collapse, it is better to be prepared for it. This way if it does happen you will have the goods necessary to trade with people in need of services and supplies that you need.
There are a lot of items that you can use to trade with when the barter system becomes the trend once again. A lot of the stuff that you throw in the trash today could be incredibly essential in the future. Here are the 5 most important things you should stockpile so that you are ready for the barter system:
1 - Food and water: These are the two most important things for survival. Nothing else even comes close to them and they will always be needed. If you have fields of crops or even cattle, you can use them to barter with. Being able to produce milk, eggs and vegetables will turn you into one of the most materially wealthy people in the world when the economy collapses.
2 – Medical supplies: if you have prescription pills, painkillers, bandages and disinfectant stored away, you are in luck. These will go for a high value in the barter system. Having a basic knowledge of healing herbs and plants will also help you have a sustainable source of medicine.
3 – Shelter: Tents, guns and bait are all perfect for trading with. People will want to move away from civilization in order to find sources of food and water that aren’t polluted. As such, having your own hunting goods store is going to vastly benefit you.
4 – Hygiene products: Cleanliness is going to be important. Without modern medication, a single scratch could be fatal. Soap and toothpaste will be at a premium, as well as toilet paper.
5 – Cigarettes and alcohol: If you can feed the needs of addicts, you are in luck. Find out how to brew liquor and grow tobacco. Setting up your own cigarette factory and distillery in your home will keep your goods at a premium for an indefinite period of time.
If you are already preparing for the end, you are at a major advantage. Start prepping now for a brighter future!