A slow economy seems to make for busy times. But in the midst of the busyness one thing keeps running through my mind. How can we build an independent local economy that will be a shelter to our families and our community when we can no longer depend on the world economy?
I’ve posted before about the idea of a parallel economy here and here, and talked about the subject of investing in real wealth here. This is essentially what a barter economy is made of. People with different skills, talents, products, and services come together, not so much for the sake of a profit in dollars but for the sake of a fair trade. In essence they are willing to take real wealth that they have either in labor or product and trade it for what someone else has.
I’ve come across a few videos lately that speak to this topic that I’d like to share. First there are several bartering communities that exist in the UK already. One of which is called, KUTLETS. I think this quote from the site frames the group and my interest in bartering really well:
“Being a member of KUTLETS is a way of getting things done when you may not have the cash to pay for them, and of helping out other people. It is also a way of keeping in touch with your local community.”
That almost sounds… well… Christian. Here is a great news clip about them.
I also recently watch a great presentation by Catherine Austin Fitts, the former Assistant Secretary of Housing under the first Bush regime. She addresses how the economy managed to get into such a mess and then discusses the idea of developing a local economy through barter. This is probably the best hour and 20 minutes I have spent to understand the current crisis we are in.