Remember when you used to trade marbles? Or baseball cards? Or whatever else you had that someone else saw value in.

How about carbon credits?
Bartering is still going on between countries though you don’t hear much about it. Probably because it falls outside the realm of the global financial order i.e. the IMF, OPEC, and other oligopolies and their various taxing authorities. They probably would not be amused at the growth of the bartering concept.

Recently I was speaking to some college students. We were talking about global bartering as a possible solution to unlocking the stuck banking system that is fueling the recession. After all, a small business can barter just about any product or service on the internet now. Why not countries?

One of the students is Venezuelan. He pointed out that their notorious leader Mr. Chavez was already well into the international barter game. Apparently his country’s oil barters Cuba’s advanced medical services along with a few other key necessities from other South and Central American countries. Makes sense to me.
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