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Nations turn to barter deals to secure food

Nations turn to barter deals to secure food
By Javier Blas in London

Published: January 26 2009 23:32 | Last updated: January 26 2009 23:32

Countries struggling to secure credit have resorted to barter and secretive government-to-government deals to buy food, with some contracts worth hundreds of millions of dollars.

In a striking example of how the global financial crisis and high food prices have strained the finances of poor and middle-income nations, countries including Russia, Malaysia, Vietnam and Morocco say they have signed or are discussing inter-government and barter deals to import commodities from rice to vegetable oil.

http://www.ft.com/cms/s/0/3e5c633c-ebdc-11dd-8838-0000779fd2...



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well,

thank god that when currencies are unstable, we can barter. though it would probably have worked better a few hundred years ago!

"The state is the great myth where everyone tries to live at the expense of everyone else." - Frederic Bastiat

This is good news

Currency is no longer on solid footing, barter rules. Smart.
.................
Talk to someone new every day. You'll be surprised what you learn.

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"The main thing that I learned about conspiracy theory is that conspiracy theorists actually believe in a conspiracy because that is more comforting. The truth of the world is that it is chaotic..." —Alan Moore

Hahahahahah.......

Wonder how the NWO moneybags are going to feel about COUNTRIES bartering and bypassing financial institutions. Less control!!

this will also start

this will also start happening with individuals! they can't collect taxes when this happens!

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

Just gave me some ideas for a business deal I've been

mulling over. Barter... how could I ever forget you?
.................
Talk to someone new every day. You'll be surprised what you learn.

..................
"The main thing that I learned about conspiracy theory is that conspiracy theorists actually believe in a conspiracy because that is more comforting. The truth of the world is that it is chaotic..." —Alan Moore

anyone see what is going on

anyone see what is going on with this?

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain