Keep Our Service Free-Donate

Showing posts with label barter. Show all posts
Showing posts with label barter. Show all posts

Monday, December 6, 2021

Surviving Well in a Bad Economy

 

 

Poor Man Survival

Self Reliance tools for independent minded people…

www.poormansurvivor.net

ISSN 2161-5543

A Digest of Urban Survival Resources

 


Surviving Well in a Bad Economy

As we near the end of 2021, we can look back on a year that's been unsettling financially. We started the year with a vaccine that promised to end the COVID pandemic and all the associated financial disruption. We end the year with booster shots, supply chain issues, inflation, and many people still out of work.

Under Biden and his leftist cronies, it’s unlikely to improve…

Historically, the way we trade during crisis events tends to streamline and simplify compared to the complex economies of boom times and adapting to this change is essential to making your particular business a fulcrum point within your community.

That is to say, consumer demand is going to reduce down to the most basic necessities and anyone that is able to provide those necessities in an efficient manner is going to do well. Also, any business that stops relying on supplies from far away and focuses on production of goods from home will remain viable while people that cling to the old days of "on-time delivery" and brokering prefabricated trinkets from overseas is going to fail hard.

This does not mean you should abandon your existing business if it does not currently meet these standards. Keep it running as long as you are able, just know that the party is going to end soon and you need to have a Plan-B. Start a side business that is self-sufficient, make sure it focuses on production and build from there. It is likely that this side business will one day become your primary business as our system continues to destabilize.

What we are facing is an engineered storm of negative circumstances. As I write this, stagflation is becoming a household word in the U.S., just as I warned it would over the past several years. Prices on goods are skyrocketing, but the real inflationary disturbance has not started yet. Corporations have been hiding stagflation by eating the extra costs on wholesale, and they have been quietly reducing package sizes little by little while keeping prices the same (shrinkflation).

 All of this is about to come to a swift end as we enter the holiday season. Corporations and suppliers are going to raise prices drastically and consumers will now feel the pinch.

The past shows us the way, however. There are certain trades and businesses that continue to do well even in the worst of times. First, we need to understand how our trade environment will change before we can succeed within it.

Local trade, barter and black markets

This might sound obvious, but I don't think many people even in the preparedness movement truly accept that everything about trading is going to change. It is unlikely that most of the items you purchase or barter will be found in a "store" or one-stop-shop or even an open bazaar. Things will get a little more tedious because you will have to network with other producers within your community to get what you need, and you will have to meet with each of them individually to trade. Depending on the level of organization in your area a barter market will hopefully form, and someone will have to provide the space and security to ensure safe trading is possible for everyone involved (this may be a good business idea).

People are going to be trading everywhere, but a central marketplace might not be open regularly and so your business will be done through personalized transactions. Depending on the scale of threats at the time, you may want to keep all transactions private. That said, eventually, an open market will have to be established to make it easy for everyone to find what they need and trade faster.

The level of instability around you will dictate the trading strategies you will use. If the system is still somewhat functional and rule of law is still in place to a degree, then you might continue to use dollars, but alternative currencies (hopefully commodity-backed currencies) will have to be used as well. If the system is completely broken but government oppression is not a big issue, then regular barter markets will become a mainstay. If government intrusion and oppression are serious concerns, then black markets will become the order of the day.

The types of businesses that do well in these environments are those that have done well during past crisis events. Many of the ideas I list here are taken from inflationary crashes like Weimar, Germany, deflationary crashes like the Great Depression, and civil war environments like Bosnia. Let's get started...

Communications

Without communications networks nothing else will function; establishing a trade network will be very difficult. A business setting up post-collapse comms could be a highly lucrative one. This could include stocking radio equipment now and using it for barter later, or, if you have the knowledge you could set up and sell repeaters for your community. You could also work in an advisory capacity for a group or community, helping them to establish solid comms.

Another form of communication is printing services. Having the supplies of ink and paper to print newsletters, fliers, posters etc. would allow you to become a home-based printing shop for the community. Information needs to get around somehow, and if it's not being discussed on the radio then it will be discussed in print. Print communications might make a big comeback in the near term.

Natural resource procurement

The key here is to build your business around the resources and raw materials that are readily available in your region. For example, if you live near the ocean, then learn to make sea salt in large quantities. Although store-bought sea salt contains no iodine, homemade sea salts do contain trace amounts vital to the human diet. And salt has always been highly prized in every civilization for meat preservation without refrigeration.

If you live near forested areas, focus on timber for building materials or firewood. Heat in cold weather is a huge issue, and in a grid-down scenario, millions of people will be turning to natural heat sources in the winter, which means either wood heat or coal and oil heat. This requires a larger initial investment for chain saws or two-man saws and other tools, as well as a stock of gasoline to run them. For making lumber you will need a home sawmill which is a hefty investment but could well be worth it as you become one of the only sources for building supplies in your area.

If you have ample wild game near your home and you are a skilled hunter you could provide meat to your community for trade. This will cost you ammo, but the better a hunter you are the less ammo you will use. Fishing is a potential revenue source, and gardening and farming will of course be vital. Research the resources in your region thoroughly and think hard about what you could procure and produce using local raw materials.

Repurposed goods

The relatively new economic model of "break it and buy a new one" is going to end. A massive market demand is going to rise for people that repair and refurbish existing machinery and items. Think of it kind of like an eBay business or flea market business that becomes as big as Walmart.

The idea here would be to find a vital niche — you could focus on small engine repair working on generators, chainsaws and other important items. If you have sewing skills, you could repair clothing and blankets or sleeping bags. If you are a gunsmith, you can repair damaged firearms. If electronics is your thing, then you could collect parts from broken computers and use them to rebuild working computers, etc.

You can also function as a middleman for the people that fix things, finding a wide spectrum of necessities that are apparently broken and then trading them to the specific people that know how to fix them. You become a kind of procurer for the tradesmen, you just have to know what you are looking for and what is actually in demand.

Newly manufactured items might still exist, but they will be expensive due to stagflation and most likely rationed by either corporate retailers or the government. The word "rationing" is about to become a dominant household term just like stagflation, and we should expect government controls on purchasing including digital ration cards and restrictions according to vaccination status on federal distribution programs. If they can't control trade through the covid passports, then they will crash the supply chain and try to control trade through rationing. This means that used and repaired goods will be big business.

Household products and comforts



Soaps, cloth diapers, toilet items, lotions, candles, wooden bowls, plates and cups — the list goes on and on. A lot of people will have these items stocked, but many will not, or they will run out and need more. Just because you are in the middle of an economic crisis does not mean people will not be looking for basic comforts. Many of them can be easily made with natural raw materials or repurposed materials at home.

There will also be a demand for psychological relief through stimulants. Meaning, people will still be trading for alcohol and other drugs. Homebrewers and marijuana growers will probably do well in almost any trade environment, and historically this has always been the case, even during prohibition.

Home heating

I mentioned this briefly above, but I cannot stress enough how massive the home heating issue is going to be in the near future. If there are any electrical grid problems the first thing people are going to be looking for is off-grid heating. This could include wood stoves, propane heating, pellet stoves and so on. People will also likely need to close off large portions of their homes in the winter and only use a couple of rooms in order to save fuel and heat. People with basements will end up spending the majority of their time in the winter below ground because this is the most heat-efficient option.

Being able to supply wood fuel to areas with few trees will be big business. Propane might become expensive, so stocking some for trade would be smart. Repairing or building wood stoves would make you a key business in your area. Also, sleeping bags and other passive items for warmth will be in high demand when people can't get fuel for heating. Very few people will have the money to set up a solar system large enough to run electric heaters for most of the day, so the market demand for fuel-based stoves will be constant.

Home health care

If you are a medical professional such as a nurse, doctor or paramedic then there will be demand for your services. Vaccine passports will be used as an excuse to deny people medical care at hospitals and you can fill the gap by offering home visits to identify and treat various ailments. To be sure, many pharmaceuticals will be in short supply, but if you have a stockpile and also integrate natural health care options then you should be in business for a long time.

Keep in mind that the establishment will seek to interfere with home-based medical care, so being discreet will be helpful, and having the protection of your community will be best.

Security

Depending on the scale of the crash there will no doubt be a shortage of security professionals to keep your community safe from crime, looting and outside threats. Any person that is able-bodied and actually knows how to fight, how to shoot, knows tactics and is not inclined to run away at the first sign of danger will be a rare commodity. Security services could also include basic consultation for a large property, neighborhood or town advising them on the best ways to protect their homes.

Keep in mind that covid mandates are forcing up to half of police forces in many places to leave their jobs. If this continues, local law enforcement will collapse. The military and the National Guard are in the same situation. They will never be able to find enough people to fill the void and even if they did, they would be using people that are more likely to harm you than protect you. You will have to provide your own security.

There are a lot of blowhards out there that claim they have the knowledge to do this, but when the stakes are high, they will fold and run. Understand that big talk does not always translate into expertise or action. Finding people that will not run is going to become the top priority of every community. Finding people that have the physical ability to handle the stresses of security and potential combat is also going to be an issue.

Endeavor to become a skilled security specialist and you will always be needed within your local economy.

The thinker's market

Economic crisis often cuts away the fat. Businesses and skill sets that are only useful in first world boom times will fall away and people that rely on them will not survive. Your average office worker, manager or service worker is not going to do well. Brick and mortar will evolve into something very different, and online revenues may not exist or will be restricted according to your politics. You have to be able to think outside the box.

Focus on necessities and your chances increase exponentially. Focus on production and you remove the middlemen. Focus on local resources and materials and you remove reliance on outside imports. The ideal survival business would be a producer making a necessary product using materials he can easily find right around his own home. This might not be your situation, but you can get as close as possible using your ingenuity.

Knowing the local market and knowing the demand is the other factor. The key to any business is understanding what people want or need and how those needs change according to events.

To truth and knowledge,

Brandon Smith

 

 

POST SCRIPT:

 

The War Over Life, Liberty and Privacy Rights: From Abortion to COVID-19 and Beyond

 

By John W. Whitehead & Nisha Whitehead

“Abortion on demand is the ultimate State tyranny; the State simply declares that certain classes of human beings are not persons, and therefore not entitled to the protection of the law. The State protects the ‘right’ of some people to kill others, just as the courts protected the ‘property rights’ of slave masters in their slaves. Moreover, by this method the State achieves a goal common to all totalitarian regimes: it sets us against each other, so that our energies are spent in the struggle between State-created classes, rather than in freeing all individuals from the State. Unlike Nazi Germany, which forcibly sent millions to the gas chambers (as well as forcing abortion and sterilization upon many more), the new regime has enlisted the assistance of millions of people to act as its agents in carrying out a program of mass murder.”—Ron Paul

Who gets to decide when it comes to bodily autonomy?
 
Where does one draw the line over whose rights are worthy of protecting? And how do present-day legal debates over bodily autonomy, privacy, vaccine mandates, the death penalty and abortion play into future discussions about singularity, artificial intelligence, cloning, and the privacy rights of the individual in the face of increasingly invasive, intrusive and unavoidable government technologies?
 
Caught up in the heated debate over the legality of abortion, we’ve failed to think about what’s coming next. Get ready, because it could get scary, ugly and overwhelming really fast.


For the rest, go to:
Source: 
https://bit.ly/3G6OgEs

 

 

SIDEBAR



You obviously already have food and water...

But what about the rest of them?

Click on the link below to discover:

7 Emergency Essentials Preppers Always Need<<

 

But no one is telling you the REAL problem and the truth about inflation.

No one is explaining how it’s really going to affect you, your money, your insurance policies, your stocks, your bonds, your savings… your retirement… and your life.

Here is an important and useful report on this situation in the financial world today. (Click here to see our full analysis.)

This new report includes a detailed look at what’s really happening right now, what’s coming next, and most importantly: The 4 steps you should take right now.

 

The PC ‘War on Christmas’ Is no Right-Wing Myth

 

CREATING AN EMERGENCY FOOD SUPPLY-FOOD SURVIVAL REPORTS-FREE

Compliments of: The PoorManSurvival team

https://1drv.ms/u/s!AgMpmQI6plfXiBqUHg-8SkA59L8f?e=YJZavA

 

 

Better –Safe- Than- Sorry Super Emergency Survival Kit



No one believed Noah until it was too late…

Natural disasters don't wait for a convenient time

And you shouldn't wait to prepare either. In some cases there is little to no warning.

Prepare now to lessen the impact of disasters and emergencies

Better –Safe- Than- Sorry Super Survival Kit

Your Emergency Survival Kit Includes:

 

  •  Solar phone charger
  • 72-hour 4Patriot emergency food pack [25 year shelf life
  • 4Patriot Greens sample pack [Power supplement]
  • 3 Luna Nutrition bars [assorted]+Sunmaid raisin pouch
  • Cleaning Wipe Pack
  • Steel River Emergency Tent
  • Mini  First Aid kit
  • TRS 5N1 EDC folding tool
  • 3-package meal sampler
  • Paracord bracelet w/ compass
  • Reusable Face Mask
  • Personal Water Filter Straw
  • 11-Piece Emergency Survival Kit 

More at:

https://www.bonanza.com/listings/Better-Safe-Than-Sorry-Super-Emergency-Survival-Kit/1143536466

 

FREE e-books…Includes the original book by Libertarian Harry Brown’s ‘Live Free in an Unfree World.’ We had the honor of meeting him at a political function in MI before he passed away…PLUS a guide to surviving inflation!

 Download at: https://1drv.ms/u/s!AgMpmQI6plfXiE2M3af5iSABRbKo?e=9eKaUr

Inflation Report: https://1drv.ms/b/s!AgMpmQI6plfXh1RsZVn1Sl-qx_kO


4 FREE Digital Reports:

  • The Water Survival Guide [Download]
  • The Survival Garden Guide [Download]
  • Top 10 Items Sold Out After A Crisis - [Download]
  • How to Cut Your Grocery Bills in Half [Download]

 

URBAN SURVIVAL HANDBOOK

https://cdn.4patriots.com/downloads/pdf/reports/4Patriots-Ultimate-Survival-Handbook.pdf

 

 

RESOURCES

 

TRS volt power bank  - Back in stock!

3000mAh Power Bank Battery by Volt comes complete with a micro USB charging cord. This battery can be used as an extra or replacement battery

https://www.bonanza.com/listings/Volt-Solar-Power-Bank-Great-for-Emergency-Power-Anytime/10

 

 

Free enterprise, limited government, individual freedom!

 

Contributors and subscribers enable the Poor Man Survivor to post 150+ free essays annually. It is for this reason they are Heroes and Heroines of New Media. Without your financial support, the free content would disappear for the simple reason that I cannot keep body and soul together on my meager book sales & ecommerce alone.

You Can’t Buy Life Insurance After You’re Dead

Not Prepared? 

That's Bad News...


You Can’t Buy Life Insurance After You’re Dead-Prepare NOW for Emergencies…Small radios, books, emergency power cell or solar/battery radio weather radio!

 

Support our efforts by shopping my storefront…

http://RetroGuy.net

 

 


 

 

A Smoking Frog Feature, Shallow Planet Production

 

Wednesday, December 2, 2020

Will cash become worthless?

 

Poor Man Survival

Self Reliance tools for independent minded people…

www.poormansurvivor.net

ISSN 2161-5543

A Digest of Urban Survival Resources

 


First it was toilet paper.

Next came protective face masks.

Now, the U.S. Mint says, we’re facing a nationwide shortage of physical coins. As in pocket change.

Imagine a scenario where cash has become worthless. It could be hyperinflation, where it takes a wheelbarrow of cash to buy a loaf of bread. Or it could a devastating act of terrorism such as a bio-weapon or an EMP that sets the country back 100 years. Whatever the cause, there could come a day when our money becomes useless.

 

And it won't necessarily be a nationwide disaster that causes this to happen. In a local disaster such as a powerful hurricane or earthquake, the power will be out which means the banks will be closed. And if they don't reopen, there won't be enough cash to go around.

 

In any of the above scenarios, people will be forced to barter with one another until power is restored or a suitable currency emerges. In case that ever happens, it's a good idea to have a wide assortment of barter items. That way if someone has something you need, you're more likely to already have something they need...

 

200 Items You Can Barter After The Collapse

You may also like...

 

22 Basic Skills You’ll Be Forced to Learn After the Collapse


Economists suggest under Biden, inflation will soon reach hyperinflation...

Additional Resources:

https://barterpro.wordpress.com/software/comment-page-1/

https://www.barteronly.com/?page_id=21

https://www.community-exchange.org/home/

https://groups.freecycle.org/group/LapeerCountyMI/posts/all

https://wiki.freecycle.org/Moderator_Application

https://thumb.craigslist.org/d/barter/search/bar

 

SIDEBAR:

 

A micro survival kit is exactly what it sounds like: A tiny survival kit. It is typically housed in a small tin can and designed to be carried around in your pocket. Alternatively, you can keep it in your vehicle, in a bug out bag, in the office, or anywhere else that is convenient for you.

However, you can't just grab a few of your smallest survival items and throw them into an Altoids tin. To fit everything you need in there, you have to be very strategic. In this video, Wranglerstar explains how to build a micro survival kit using items you can buy at Walmart. Here's what you'll need.

 

The first thing you need to get is an Altoids tin can, which should be easy to find nearly anywhere. This tin can will be used to house the rest of your survival items...

 

How to Build a Micro Survival Kit

You may also like...

 

Ultimate 750-Piece Fire Starting Kit

 

David Mamet Calls Out ‘Experts’ and Questions Lockdowns: ‘The Virus Here Is Government’

 

STOP Being a victim of Socialist grifters & Their Con Game

https://poormansurvivorblog.blogspot.com/2020/06/why-i-wont-vote-for-democrat-socialist.html

 

Useful stuff      

 


New York City is up 33% this year. St. Louis is up 66%. In Oregon it’s up 100%.

I’m not talking about real estate prices, local budget gaps, or even property tax rates.

These are the startling increases in the number of people across the country, and the world, who are in need of food.

Food banks across the Land of the Free are experiencing an enormous surge in demand from people looking to feed their families, many of whom are experiencing such economic hardship for the first time.

The director of a local food bank in western Massachusetts, for example, recently said, “I thought I had seen the worst during the Great Recession [of 2008-2009]. But what we have experienced since March due to COVID-19 has really overwhelmed us.”

saw a video last week showing thousands of cars “stretching as far as the eye can see” in line to receive free food from a local food bank in my hometown of Dallas, Texas.

Similarly, Miami had a “massive food bank line stretched for two miles.”

 

But not everyone is willing to enforce such ridiculous measures. Check out what this sheriff in Fulton County, New York has to say. 

 

Yes, This Makes Perfect Sense: Cities All Over America Are Slashing Police Budgets As Crime Rates Soar





 

Useful Resources from our storefront-See new items!

You Can’t Buy Life Insurance After You’re Dead-Prepare NOW for Emergencies…

 

NEW! Home Circuit Power Saving Device-Save 30—90% on Your Electric Bill.

Home Circuits Power Saving Device-Environment Friendly!

…as advertised in Reader’s Digest

Power Electricity Energy Savings Device- 30% or more Savings 90V-250V 50Hz-60Hz

Easy-to-use---No Maintenance Provides or a more stable environment for your household electrical grid…invented in Germany

https://www.bonanza.com/listings/Home-Circuit-Power-Saving-Device-Save-30-90-on-Your-Monthly-Bill/813154600

 


Support our efforts by shopping my storefront…

http://RetroGuy.net

 

 

Thursday, March 16, 2017

Using Barter & the Black Market to Thrive


Poor Man Survival

Self Reliance tools for independent minded people…


ISSN 2161-5543

A Digest of Urban Survival Resources

 



In a prolonged crisis — especially one where the very fabric of society starts to unravel — money as we know it will likely lose all value. But then how will you be able to purchase goods and services? Well, if that happens, it’s back to the good ol’ barter system.

Which begs the question, what types of items make good barter?

There are some pretty obvious things on this list from The Survivalist Blog — ammo, for example — but there are also a few other items you might not occur to you as particularly valuable. Until the stuff hits the fan, that is.

So take notes and perhaps add a few of these miscellaneous goods to your emergency storage. You never know when they may come in handy.

Many people don’t know this. It wasn’t long ago when Americans were forced to use cardboard, wood, leather, clam shells and even fish skin as currency.

During the 1930’s, as a substitute for government-issued money, Americans turned to local currencies to continue trade -- what they called “scrips.”

So popular were these scrips (numbering in the hundreds, probably even thousands), the U.S. government even considered issuing its own national scrip -- a parallel currency to the Federal Reserve Note. Secretary of the Treasury, William H. Woodin, none too keen on the idea, shut down the conversation.

Rather, he ordered the U.S. Bureau of Engraving and Printing to… wait for it… print more Fed notes. (Surprise.)

As we move through our era’s Depression, history is rhyming in interesting ways.

Our rise of the Sharing Economy, for example, isn’t anything new. For obvious reasons, it surged in popularity during the Great Depression. Our school’s history textbooks largely ignore this, but Americans did more than just tighten their belts and wait out the storm. They mostly came together. 

According to Thomas H. Greco Jr. in his book New Money For Healthy Economies, “people began to establish mutual support structures, like workers’ cooperatives, many of which would recycle and repair donated or broken items. People learned to share what they had, and to by-pass the market and financial systems. Most of these measures were considered stop-gaps to be utilized until things ‘got back to normal,’ but in some of them there seemed to be the promise of more permanent improvements. One of these ‘stop-gaps,’ which was intended to address the problem of the dearth of currency in circulation, was the issuance of ‘scrip.’”

Today, along these lines, we have Uber, Airbnb, Craigslist, Couchsurfing, eBay, Upcycling and much more. All of these have created an efficient peer-to-peer marketplace to offset much of what has been lost in the old economy.

Couple that with the rise of today’s form of “scrip” (see: cryptocurrencies) and you’ve got yourself a mirror image of what happened during the Great Depression -- and many great currency crises of history.

“History,” Greco Jr. goes on, “is full of examples of successful local initiatives aimed at providing exchange media, but the Great Depression of the 1930's saw this done on an unprecedented scale. There were literally hundreds of scrip issues that were put into circulation by a variety of agencies, including state governments, municipalities, school districts, clearing house associations, manufacturers, merchants, chambers of commerce, business associations, local relief committees, cooperatives, and even individuals. These issues went by different names, depending on who issued them and the circumstances of their issuance. Common scrip types were certificates of indebtedness, tax anticipation notes, payroll warrants, trade scrip, clearing house certificates, credit vouchers, moratorium certificates, and merchandise bonds.”

When most people hear the term “black market,” they immediately get visions of guys with guns moving heroin across State borders. But that’s only part of the dealings which happen outside of the purview of the State.

They also think that the government needs to “do more” in order to crack down on these types of illicit activities. Reality is, though, it’s often government action which puts the incentives in place for these activities to thrive. The government usually creates so-called 'Black Markets' in the first place, often fueling smuggling operations.  This has happened with alcohol, drugs and now with tobacco and terrorists have capitalized on such profits to fuel their enterprises.  In other words, government greed and stupidity creates mayhem in the first place! 

What we don’t talk much about his how black markets -- like the ones which popped up during the Great Depression -- save lives where central planners fall short. The more peaceful, voluntary activity constricted by the State, the more individuals find clever ways to sidestep the State’s arbitrary walls to feed their families.

Fortunately, today’s Sharing Economy is dynamic and efficient as ever. And decentralized, anonymous and censorship-resistant alternatives to Uber, Airbnb, eBay and the like are being built right under our feet.
 

How the Black Market is Saving Two Countries From Their Governments


Shaun Bradley



Ever since governments began banning and licensing different parts of the economy, the black market has made sure people still have access to the things they need. Unstable governments always turn on their own citizens using price controls, heavy taxes, and even the threat of imprisonment to prop up their failing systems. As conditions inevitably deteriorate, as they have in Venezuela and Greece, the underground economy becomes invaluable to those living through the crisis.

Markets Survive in Venezuela

The shadow economy refers to more than just the trade of illegal goods. A grey market, for example, provides legal products distributed through illegal channels. Since basic things like toilet paper, medicine, and even food have disappeared from store shelves in Venezuela, the peer-to-peer network has become the only reliable way to secure life’s necessities. In desperate situations like this, the existence of independent merchants can mean the difference between life and death

 
Even the value of Venezuela’s currency has started to move away from the government’s control. At one point, the official exchange rate was fraudulently set at 10 bolivars per U.S. dollar, while on the black market it was trading at 1,000 to one. This action hurt millions by suppressing wages across the country and eroding any remaining trust. Inflation has quickly become the most imminent threat to the Venezuelan people, stealing the value of their labor and savings. For years, the bolivar has experienced hyperinflation, increasing the cost of living almost exponentially.

The State’s desperate response was to institute price controls, but that has only led to shortages across the board. Luckily, the unregulated markets have been able to determine the true value of goods and provide vital support for the struggling communities. Many people think that so-called price gouging is unethical, but isn’t it better to buy what you need at twice the price than to not be able to get it at all?

Black Markets Amid Greek Fiscal Mayhem

Greece is going through a transformation of its own -- but in response to a very different set of circumstances. The Greek people have endured a series of tax increases and pension cuts over the past several years to fund debts owed to the European Union. These austerity measures have created a dire situation for those trying to secure their financial independence. The result has been widespread tax evasion, which has helped grow Greece’s underground economy to nearly 25% of the country’s GDP.

Surprisingly, it’s not only the poor who are utilizing the shadow economy in Greece, but also the professional class. Those earning large amounts of money are subjected to extremely high tax rates, driving many business owners and entrepreneurs to either seek better opportunities abroad or take steps to conceal their income.

By persecuting the most successful members of society and not allowing them to keep what they earn, authorities are only encouraging disregard for the law. Without the grey market in Greece, many more skilled workers would have already left the country. Even though the black market is consistently blamed for taking away tax revenues, it ironically may be the only thing keeping the debt crisis from spiraling even further out of control.

Scarcity and the Consolidation of Power

Scarcity is more than just a mindset; it’s a harsh reality that people born in developed nations rarely see firsthand. But any time a bankrupt government seizes control over their citizens’ lives and the economy, the end result is always despotism. The consolidation of power into the hands of a few is rationalized during chaotic times but ultimately puts the rights of all citizens at risk.

Just last year, Venezuelan law enforcement carried out raids that killed 245 people. There was no accountability regarding whether the shootings were justified, but reports claim that many of the victims posed no threat and some were even killed after being taken into custody. Such violent crackdowns are the inevitable result of governments attempting to maintain control amid the chaos of broken economic systems.

In 2011, Robert Neuwirth wrote a report for Foreign Policy that highlighted the importance of this untaxed, unlicensed, and unregulated global marketplace. He called it “System D.”

“They say that inventive, self-starting, entrepreneurial merchants who are doing business on their own, without registering or being regulated by the bureaucracy and, for the most part, without paying taxes are part of ‘l’economie de la débrouillardise.’ (Literally 'Economy of Resourcefulness') or, for street use, ‘Systeme D.’ This essentially translates as the ingenuity economy, the economy of improvisation and self-reliance, the do-it-yourself, or DIY, economy.”

The nanny state has done an excellent job attacking anything outside of the government’s jurisdiction, but a lack of regulation is what allows for the most rapid growth and productivity. Legislators notoriously overestimate their influence on the millions of people they attempt to rule over, but ultimately, grassroots decisions made by individuals have the greatest impact. People who rely on their own skills and reputation rather than a bureaucratic stamp of approval are labeled criminals, but they’re the ones providing real value to society in many cases.



Our Black Market Future

Merchants in these off-grid markets are often associated with danger and violence, but in reality, they provide the purest form of voluntary transactions.

Negative aspects, like organized crime, are only made possible because of the profits created as a result of prohibition. Without the State intimidating the public at gunpoint, there would be no incentive for people to seek out the services of nefarious organizations.

These organic free markets are only strengthened with the circulation of assets like cash, bitcoin, and precious metals. Anonymity mixed with technology is empowering people in ways never imagined. The adoption of cryptocurrencies is bringing the shadow economy into the digital age and expanding its reach internationally. This new economic system represents a very real threat to the current financial and political structures.

However, innovators in this environment have to be careful, and after the Silk Road was taken down, real legal implications became apparent. Most famously, Silk Road co-founder Ross Ulbricht was sentenced to life in prison and targeted specifically for challenging the existing system.

The growing progression towards decentralization he attempted to catalyze is on a direct collision course with the central banks and their war on cash. As the public’s faith in fiat money continues to wane, there will be more and more opportunities to show the benefits that come from peer-to-peer networks over central planning. Those who recognize the inherent extortion of the old system have to lead by example and educate others, regardless of which tactics of intimidation are deployed against them.

[Ed. note: This article originally appeared on FEE’s website at this link.]


Escaping the Rat Race with Your Own Business-CD ROM


 

 

Yours for another revolution,

Bruce ‘the Poor Man’

 

Post Script…

Contributors and subscribers enable the Poor Man Survivor to post 150+ free essays & free reports that I provide annually. It is for this reason they are Heroes and Heroines of New Media. Without your financial support, the free content would disappear for the simple reason that I cannot keep body and soul together on my meager book sales & ecommerce alone.  You can make a donation at top of this page via PayPal.

 

Additional Resources


You Have a 16-Cylinder Brain-Learn How to Use It and Reawaken the Genius Inside You!

 



 


Visit the Health Ranger Store

 


 


Support our efforts by shopping my storefront…


 
 
A Smoking Frog Feature, Shallow Planet Production