Money can't buy Poverty
- Sep 4, 2008
Today we speak of a new currency competing against the U.S. dollar.
Today we speak of Tide laundry detergent.
Our friend Mac Slavo reports:
"With real unemployment approaching 25% of the population, 50 million Americans on food stamps, and the prices of essential goods rising every month, it's no surprise that black market peddlers are turning to new product offerings to make a buck.
"In What Is Money When the System Collapses? we highlighted some items that would take the place of traditional currency in the event of a catastrophic financial and economic collapse – things like food, fuel, firearms and footwear.
"But for many, the world as they know it has already collapsed. Unable to afford retail prices for home essentials, these people will do what they need to in order to survive, and that includes the bartering and exchange of goods similar to what will happen in a complete economic meltdown.
"As Brandon Smith of Alt-Market recently pointed out, when the totalitarians squeeze the masses, those rebelling against the system because they have been left with no other choice will turn to the free (black) market to make ends meet.