Re: 2020 Potential Economic Collapse
Posted: Thu Oct 15, 2020 7:44 pm
That's true Jansman. Awful state for a country to be in.
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I do barter work as well but it would be interesting to know what proportion of people's income comes from that. Personally mine is perhaps 2% of my income but that is dwarfted by the amount of bank transfers i get. I get a fair bit of cash and a few cheques too. As mentioned earlier cash is welcomed by the self employed , that's for cashflow fluidity obviously , nothing else of course.
grenfell wrote: ↑Thu Oct 15, 2020 7:59 pmI do barter work as well but it would be interesting to know what proportion of people's income comes from that. Personally mine is perhaps 2% of my income but that is dwarfted by the amount of bank transfers i get. I get a fair bit of cash and a few cheques too. As mentioned earlier cash is welcomed by the self employed , that's for cashflow fluidity obviously , nothing else of course.
Frankly i feel that if cash were to disappear tomorrow it wouldn't be replaced by more than a fraction by barter. It's fantasy to think that in the presence of a fully functioning monetary system people would turn to bartering to a large degree. As it is something like 85% of transactions are electronic and involve no physical currency , i wonder what percentage barter takes up . Perhaps we should ask those in retail like jansman when someone last offered to pay with a bag of onions , logs or sand?I
I'd like to say that i don't really want a cashless society because i'm not in favour of putting all one's eggs in one basket. If there's a computor problem then cash will still work largely. Fraud and crime will still happen whether we are using electrons , pound notes or leaves but otherwise if there's a functioning digital system people will use it.
Lemne wrote: ↑Thu Oct 15, 2020 10:19 amOur is only now and then as we have money to rely on. Take the physical money away and something else would evolve along the lines of barter. Obviously not in major shops but we've done a days labour and been paid in meat. Smaller shops would thrive.I do barter work as well but it would be interesting to know what proportion of people's income comes from that. Personally mine is perhaps 2% of my income but that is dwarfted by the amount of bank transfers i get. I get a fair bit of cash and a few cheques too. As mentioned earlier cash is welcomed by the self employed , that's for cashflow fluidity obviously , nothing else of course.
Frankly i feel that if cash were to disappear tomorrow it wouldn't be replaced by more than a fraction by barter. It's fantasy to think that in the presence of a fully functioning monetary system people would turn to bartering to a large degree. As it is something like 85% of transactions are electronic and involve no physical currency , i wonder what percentage barter takes up . Perhaps we should ask those in retail like jansman when someone last offered to pay with a bag of onions , logs or sand?I
I'd like to say that i don't really want a cashless society because i'm not in favour of putting all one's eggs in one basket. If there's a computor problem then cash will still work largely. Fraud and crime will still happen whether we are using electrons , pound notes or leaves but otherwise if there's a functioning digital system people will use it.
There have been schemes in the UK where people trade skills on a credits basis. You earn so many credits for providing a service and these can be traded for other services/skills.
Lemne wrote: ↑Fri Oct 16, 2020 10:58 amWe're pretty open to barter, and make that clear. Folk will take that where they can.Lemne wrote: ↑Thu Oct 15, 2020 10:19 am
Our is only now and then as we have money to rely on. Take the physical money away and something else would evolve along the lines of barter. Obviously not in major shops but we've done a days labour and been paid in meat. Smaller shops would thrive.
There have been schemes in the UK where people trade skills on a credits basis. You earn so many credits for providing a service and these can be traded for other services/skills.
I wonder if everyone remembers what happened in Greece a few years ago? The population disagreed with the government to the extent that there was a thriving black market purely to keep taxes out of the equation. Different circumstances, but I wouldn't be surprised to see similar here should we lose cash.