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We're talking $8 billion worth of cashless trades for goods and services, and that's old (1993) news; it's growing strong. These systems have solidified their political clout in NATE (National Association of Trade Exchanges) and IRTA (International Reciprocal Trade Association). And the success of their lobbyists in Washington, D.C. was demonstrated as early as 1984, when a special understanding was reached with the Internal Revenue Service (IRS).
Monthly statements, and more importantly (to the government) 1099Bs (Barter) are promulgated to these member businesses, who then put together (often using tax preparation software, I...
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