Re: Junior economics question: would a barter economy defeat the private banks?
Junior economics - we wish. What econo-myst is aware or cares about the basics the whole economy is built on?
I think I would agree more with psholtz here. Money as we call it has been of use as well as obvious detriment. Barter certainly is useful, but yes Canada also considers this 'taxable'.
What we have in money is a time sensitive trading medium that degenerates to zero over time, and worse owes 'interest' on top. We have a negative medium of exchange which is reflected in national, business and personal 'debts'.
I'm skeptical of gold, since banksters presumably control most of it, and since it has no obvious use.
There are innumerable ways of replacing the current system, but until it is wiped clean, governments will perform their prime directive of robbing you blind to pay the banksters.