What is Money?

“Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves,” - Norm Franz

 

Bitcoin, Ripple and other crypto currencies will fit in there somewhere.

Greek Town Develops Bartering System

If bankrupt Greeks can use "TEMs" as an alternative currency in the world of barter, then it's not much of a stretch to imagine gold and silver as viable currencies--with a much longer history than any other current paper currencies.  As I've blogged in the past, during times of war and/or financial crisis, whiskey and cigarettes were legitimate currencies.  In American prisons, cigarettes and postage stamps are traded as money.  Please watch this video.


http://youtu.be/RI38zFz9WTM

16 SHTF Barter Items to Stockpile

http://debtreckoning.com/shtf-barter-items-to-stockpile/

Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves.

This is an interesting take on the American revolution--and money. 

http://investmentwatchblog.com/gold-is-the-money-of-kings-silver-is-the-money-of-gentlemen-barter-is-the-money-of-peasants-but-debt-is-the-money-of-slaves/