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I'm not sure if this is the right place to post this, so I apologize if it isn't. The subject of the post has a bit of tech, a bit of economics and a bit of thought experiment in it. The question is: Is it possible to create a secondary economy to survive a recession (or depression), and if so, how would it be done? I came across the attached PDF some time ago, although I can't remember where. Maybe here. It discusses using cryptocurrency to create a secondary economy to survive downturns in the main economy. It also references the old poker world in the 60s or so and how it kind of fulfilled this role at the time. The economy is humming along in the US right now, although in other countries it might be getting shakey (Brexit worries me, in particular. China is also reported to be slowing down). Seems like a recession is inevitable in general. The PDF discusses cryptocurrency. That seems to volatile and tech-heavy, but I can't think of an alternative. Micropayment sites and donation sites like Patreon seem too centralized. They could raise fees or shut down any number of users. Same with Paypal, since it's basically an unregulated money service (last I checked, anyway). I've seen barter groups pop up like the Real Free Market crowd. Basically everyone arrives at a spot and gives up what they don't need in exchange for what they do. Those groups don't last, though and there's never enough to create a real system of resource distribution. I've seen some buskers who can make a living on street performances, but I don't know how a down economy affects donations. On top of that, the money almost certainly circulates back into the main economy for the purpose of basic needs. All in all it's an interesting problem. Perhaps an intractable one? Does anyone here have any thoughts on the subject?

Any economy separate from the (((central bank)))-supervised one will be derezzed or heavily taxed by the government if it were to become commonplace. See cryptocurrencies. It's already not permitted to trade them to fiat currency without paying a tax in most western countries. Right now, a purely cryptocurrency-based supply chain has not been developed (i.e. when making a computer, pay the silicon foundry workers in crypto, pay the electricity bills in crypto as well (which necessitates paying the coal miners/oil rig workers in crypto to generate the power), pay the designers in crypto, etc.). You can see how hard it is to switch over the entire economy to another form of payment, especially if you want it done fast enough to ride through a depression. Now realize that's only the first step. The (((banks))) and (((governments))) will spend huge amounts of money and expend huge amounts of resources in order to gain the ability to either tax a secondary economy, or if that proves impossible, to ban its usage. Large businesses will be forced to pay taxes on their transactions to the government and to keep logs of their economic activities, and due to the large size of these businesses, simply hiding this information is infeasible.

>>8599 Why the fuarrrk do we just let them do this? If people could even analyse one bit into the future and look at how much governments and corporations are holding back our development, economically, technologically, and socially, there'd be armed revolts to take out the government and corporations from almost every side of the political spectrum

>>8598 >He doesn't know what the shadow economy is. Not everything is de jure, in fact, a great deal of economics is current shadow and this worries the governments, because they enjoy controlling the economic flow. As Mayor Rothschild put it: >Give me control of a nation's money and I care not who makes it's laws. For reference: >http://lmgtfy.com/?q=shadow+economy+cryptocurrency

What about local currencies like the Brixton Pound? In the 2008 recession and its aftermath the town of Brixton created its own currency to keep wealth circulating within the town as long as possible. Assuming some entity could be brought on board to handle currency trading, could this be a viable alternative? For reference: https://en.m.wikipedia.org/wiki/Brixton_pound (The discussion of the currency can be found searching for "Brixton pound")

This seems relevant: looks like various alt-right groups are trying to come up with their own alternative economy system. They've started to build their own version of patreon and seem to he trying to build their own cryptocurrency infrastructure. I'm not sure what their chances are for success, though. https://www.cnbc.com/2017/08/16/extreme-right-groups-turn-to-shadow-economy.html

It's called agorism. Check out http://theconsciousresistance.com/