Barter Economy

" I've had state witness against even Martha want to bring in our panel back with -- mark and and Heidi and Julie mark first you. When you see an institution like I takes dot com actually creating dollars or some means to -- Is this had have been really stretching envelope to the to the limit here. That not really mean there's there's been. Barter systems for example for time shares. -- people be able registered timeshare and get time -- dollars but actually using a currency is well it's it's it's like follow it's like a quasi currency and I think that's a great story for the time commitments but we're moving into the Soviet system here. Interest rates are among zero and it's a barter economy you know -- And Japan went through this I think have finally Stephen you did debt. Get my interest there when you said there may be an argument for former competitor to the Federal Reserve board you believe that right."

" Boy do believe it -- to be the one thing that businesses start and understand it is mum when you see the value you're you're. The US currency devalued to a to a degree the asset. That each business owner has used to promised to fulfill a transaction per customer in the future choir to doing it themselves."

" Well I'm Julie if you take a dollar -- unfortunate they came here without a dollar bill but it is issued by the Federal Reserve Bank which is not a part of the government but it's signed. By the treasurer of the United States by a member of the government it's a contract yet to honor this. Bill for the same amount that it was worth yesterday and we know a year from now are going to be what the -- of the."

" This is a great idea I'm totally getting in on I think it's that I mean I -- in small ways you know with clothing for instance clothing swaps with your friends who love the -- kind of sized clothing and that you. -- up close but I've never Dayton says sort of a big way."

" Idea I can't fully United Steven tells us that he has -- will be -- but I can't believe that the terrorists wouldn't. At some point try to stop some of the bartering that's going on because they think they'd get a piece of the action. Well some of the government probably will because of barter economy is the end of days as far as Wall Street as he sent and we knew we need to put money into the system and and -- end of days as far as the iris is concerned -- exactly where where did they come in and you know that they want to participate they go ahead I urge you wanted to jump in."

" Well I mean that you want they don't want to make clear about the trading community like I can actually on everything is reported. It's this online access. The transactions said customer can look -- veterans actually -- ten years -- to find out if -- properly accounted Ford are pretty big bite bite from what do these sell into the system what what what could be generated returns -- it's actually a quite sophisticated electronic system -- board all -- all the all reportable the -- does get -- You know as it applies. You know two federal federal taxes and -- purpose."

" Good well that's something I have to admit I didn't know much about it all I take stock up Stephen please come back it's is again appreciated -- to -- right Martha thank you very much and we'll hear more from our panel just about."