If This free resource is helpful to you, please consider donating any amount, we would appreciate it!

 

WHAT IS BARTER?


Barter means the trade or exchange of valuable goods/services directly between two persons without the use of official currency. 


Barter usually replaces paper money as the method of exchange in times of monetary crisis, when the currency is unstable, unreliable and devalued by hyperinflation. Bartering is still common in the present and is becoming more popular as the US Dollar is devaluated or hyper-inflated. 


This method of trade eliminates the middle man “Uncle Sam” and allows two or more people to come to a fair agreement about what each item is worth to them and make an honest trade.


Some examples of bartering would be: You paint someone’s house, and in return that person repairs your car; or, you barter 3 coins of silver for a new pair of shoes, etc.  You get the point.