October 27, 2008
– Comments (9)
When country currency problems result in countries bartering...
We live in interesting times...
So 10 barrels of oil = 1 ton of rice. Who is going pay the shipping and handling ? Do they have flex-pay? Serious dwot great stuff as always. Social C.
Signs of a slow creep back to feudalism?
Tom Friedman's next book will be "The World Is Flattened!"
feudalism? they still used gold coins in those days. Nah we're talkin straight trading!
btw this backs up my point that oil is the reserve currency of the world. dollars are priced in oil, not the other way around. Because we now have rice priced in oil lol.
btw what's old is new again eh? Bartering is the new black!
Pink in the new bartering. Hey i do not like pink but is the new black.
ALSO Based on CPI . I think CPi stinks as a inflation benchmarK last twenty years. I have read that the year that things would have been 1/2 much as 2008 is 1985. LOL
One of my favourite all time ancient Chinese sayings is:
"May you live in interesting times."
I think we might find we're luckier than we think.
"may you live in interesting times" is a chinese curse...
since the only interesting times are those marked by war, disease, famine, and death. the best histories are all about the BAAAAAAAD things that happen, yes?
i much prefer boring but hey, that's just me. :D
I got to experience barter during perestroika times. People got paid in all kinds of intresting things like china, socks etc. Whatever they produced at a factory they got paid in.
I wasn't that lucky, since I couldn't take home a piece of software code. I didn't get paid for months in a row. This is something I'd rather forget.
Wow... a lot of experience in this room.