After the collapse of an issuing government of some fiat money, or even after a government’s sudden denomination or confiscation of its own fiat money the population is left with only bartering for their own survival.
1. Choice of universal exchange medium
As the existing fiat cash has no authority to accept it as a tax payment (such as right after that government is toppled by an occupation force or by a revolution), it may become just a worthless piece of money.
People should choose some medium with intrinsic values and has the following characteristics:
1a. Usefulness to everyone,
1b. Being durable, not perishable, easy to maintain,
1c. Being neither dangerous nor illegal,
1d. Can be naturally consumed by the owner over time if trading is slow.
1e. Sub-divisibility into any suitable amount is an additional optional advantage.
a. Rice (food grains that can be kept for up to…
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