Unfortunately, the government CAN do something about it. In reading the "Lose your property for growing food?" thread I also noted someone mentioning a little known "ruling" that can also run into this particular type of transaction and could result in bad things happening to you. This quote was posted by jdub297 ..
See: Wickard v. Filburn, 317 U.S. 111 (1942).(source thread) www.abovetopsecret.com...
The "Commerce clause" reaches into your very own pocket. Anything you do that "affects commerce" (or doesn't, as in poor farmer Filburn's case) allows the feds to regulate your activities.
So I would think if you are "trading" and not reporting it to the IRS they could very well consider this "affecting commerce" and do what ever they want to "punish" you....
Anyone else have any thoughts on this?
Oh yeah, and in regards to my original posting ..
If the dollar suffers "hyper-inflation" and a loaf of bread costs $35 and you trade a loaf of bread for a basket of bannana's does this mean you have to report that $35 since that's the current market value?
