By Chris Rossini
The New York Times reports:
As Greece grapples with a continued downturn, bartering is gaining traction at the margins of the economy, part of a collection of worrisome signs for Prime Minister Alexis Tsipras who was re-elected on Sunday.
Let us not forget the images as well, of Greeks finding out that they have been swindled by their government and banks:
How can this be?
Millions of people believe that the money in their possession is (in fact) theirs, and yet one day they wake up to find that the monetary system is a giant government scam! The banks don't have their hard earned money!
Imagine taking a family heirloom, like an antique clock, to a storage facility. In your mind, the clock is absolutely your property, and you pay the storage facility a fee for keeping it safe for you. Then one day, you go to pick-up your clock, and the storage facility tells you "Sorry, it's gone."
The clock wasn't stolen by a bunch of street bandits. There was no Ocean's Eleven type break-in. No, the storage facility just decided to lend it out, and now it's not coming back! However you never gave permission for the storage facility to lend out your clock. In fact, your understanding was that you could come to pick up the clock any day that you pleased. It would always be there (in storage) waiting for you. Do you think the storage facility would get away with such fraud? Better yet, would it ever be "legal"?
Sadly, government's monopolized money "system" works the same way....Yes even in America. In fact, especially in America. The moment that you put your money into the government's banking "system", you're surrendering it.
Government blows a smoke screen in your face by saying that you're "insured" up to $250 thousand. But that's about as true as government signs outside of schools that say they are "Drug Free".
In other words, it's not true at all!
When the scam is ultimately exposed (and there has never been an exception in mankind's entire history) people are forced to return to barter....chickens for medical care....tomatoes for sticks of butter. Government shoves people back into primitive times.
Such is happening in Greece right now. It's a shame, it doesn't have to happen. People don't have to trust government, and allow it to monopolize money. But government is very good at generating fear of any alternatives. How will you survive without government lording over you?
Free market money (such as gold & silver) are the time-tested solution to this cycle of madness. They're always patiently waiting in the wings, just standing by to be re-discovered. Time is not against them. They have all the time in the world. They've been here since the beginning of time, and they're not going anywhere.
Governments cannot create gold and silver. They cannot type into a keyboard and conjure them out of thin air, like they can do with dollars, or euros. If government wants another war, or to dole out more welfare, it types into a keyboard. Gold and silver would severely limit them.
Governments hate gold and silver. They will do anything and everything to make sure that the people believe in their "system" instead.
Those that do, continue to weep.