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Some people are curious about prepping because they want to be more self-sufficient, while others may be considering this lifestyle to ensure their survival during more difficult times.

If you are worried about where to get supplies after your stockpile runs out when SHTF, you can try to learn more about bartering and the basics of trading in a post-collapse world.(h/t toTheOrganicPrepper.com)

The tips and information below come fromSelco Begovic, a man who survived one year inBosnia when his city was blockaded.

Begovic hails fromthe Balkan region, where residents struggled with harsh living conditions from 1992 to 1995. He lived there and survived for a yearin a city without running water, food distribution,electricity, fuel or supply of any goods.

The area also did not have any organized law or government.

While the information below is from an interview conducted in 2018,the topics discussed are still relevant for preppers or those who want to start prepping in 2023. Bartering after city lockdowns

According to Begovic, people started bartering weeks after the city was locked down. He added that ordinary folks only started bartering after several weeks went by because they did not immediately realize the severity of their situation.

As he tried to remember more about that time in his life,Begovic added thatthere were people who did not want to take money for goods. Instead, they asked for valuables like gold, jewelry or weapons for the items that they had wanted to trade with.

Some of these peoplewere smart enough to realize that money was going to become worthless soon.

Even valuables, such as gold and jewelry, were only good in the first period, and you would only benefit from themif you had a connection to the outside world to exchange them for something useful.

Ordinary people needed several weeks to get used to their situation, said Begovic. The process went from buying goods with money to buying goods from people who still accepted money but at outrageous prices, to the moment when money was worthless and people only accepted goods for other items.

While rare,Begovic said you could sometimes find someone who would sell you something for foreign money, but with at least 20 to 50 times higher prices. To illustrate,if a pack of cigarettes costs around 1.50 German Marks outside the war region,Begovic could buy that pack for 40 German Marks.

US dollars and Canadian dollars had even worse value. Thepeople who would accept that money had connections to the outside world, and some of them became millionaires because of that, said Begovic.

The same ratio was for precious metals and jewelry.For small and quick trades, the usual currency people used was cigarettes because of the large percentage of smokers in the area.

Sometimes, people would trade bullets.(Related: SHTF bartering must-haves: 13 Things that will be in demand after an EMP attack.) How to determine the value of trade items and setting terms

Begovic said nothing was fixed. During the lockdown,the value of goods went up and down based on different factors.

If aUnited Nations (UN) food convoy was able to enter the city and a local warlord took it all, which Begovic said happened often, and the majority of the food was canned fish, within that month those types of canned food would be cheaper than the month before.

In other cases, if U.S. airplanes managed to “hit” with airdrops in their area, then meals, ready-to-eat (MREs) were going to be cheaper.

Begovic also said once a rumor was planted by rival groups, such as rumors about “poisoned” cans of cookies, people did not value such items highly anymore.

However, some things did not change value too much during the whole period, such as alcohol, because it was available. The value of other things was a matter of the situation.

If your child was sick andyou needed antibiotics, once you spread the word, you can expect high prices because you gave out that information.Begovic added that usually, peopleknew the value of goods for that week, at least approximately.

The value of things and trading rules “on the ground” were similar to trade rules at normal life flea markets, said Begovic.

Some of those rules on the ground during trading were: If you need something, the price is going to increase. Begovic advised that it’s best not to look like you desperately need something to avoid this. You shouldn’t offer everything you have in “one hand” or on one try. Don’tgo to trade with your best items altogether because you will seem desperate, and you are losing the advantage. Don’t give someone a reason to take the risk of attacking you because you have too many desirable items or too many things with you. Before meeting up with someone,Begovic advised that you should only bring a set amount of food or ammo. If you need more items, do another trade at another time with more of your items. Always remember that people will take chances if they calculate it is a risk worth taking. Do not volunteer information abouthow much of the goods you actually have at home to avoid any incidents. Do nottrade at home, unless you trust the other person completely. This is important, especially if you are trading with someone you don’t know that well. Agreeing to trade at another person’s home might mean that you are at his “playground,” or he is stupid, and you are losing the advantage. Do not take the risk of trading on unknown terrain. Try to choose neutral ground where you can control the situation and give the other person the chance to feel safe, but not safer than you.

Begovic said the mostimportant thing to do is to understand that when SHTF, the only thing that protects you from losing everything is you.

Trade will require careful planning. Start with information about a person who has something you need, then check and double-check that information.

Communicate with him, then send information to let him know that you want to trade. Clearly set the terms about the place and number of people where you’re going to do the trade.

Usually, there would be rumors or information about who was safe to trade with. Begovic said there was also information about people who like to scam others during a trade.

If you completed a beneficial and fair trade with someone, remember him as a safe trader for future trade. The restis a matter of trust and your skills.

If you live in a nice town,Begovic said you might have access toa market where people can freely exchange their goods.

However, he never witnessed anything like that in Bosnia because a market like that requires an efficientsystem to back it. Bartering when SHTF is a high-risk situation because it is about resources, and there is no law or system in place to protect you and others. Skills vs. items

In the long run, Begovic said skills were more valuable because you can not “spend” your skills.

If you had medical skills, you could expect that over time, people would know about them through the word on the street. After SHTF, you will have different opportunities to get something for that skill.

After an SHTF event, skills for repairing would be valuable, along with technical skills. Begovic added that skills were safer to trade because if someone attacks or kills you, they still can’t take away your skills.

If you raise animalson your homestead, you can trade eggs, dairy or meat for other items that you need. With a home garden, you can trade fruits and vegetables for other pantry staples like flour or cooking oil.

Before SHTF, learn the basics of bartering so you can find more supplies before your stockpile runs out.

Watch the video below for tips on how to color-coordinate your pantry.

This video is fromThe Urban Prepper channel on Brighteon.com. More related stories:

Prepping for collapse, famine and nuclear war: 12 Tips that will help you be more resilient when SHTF.

Staying under the radar: Tips for efficient stealth prepping.

Prepper skills: How to barter effectively after SHTF.

Surces include:

TheOrganicPrepper.com

SHTFSchool.com

SurvivalFrog.com

Brighteon.com
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Technology

Activist Starboard amasses Autodesk stake, weighs suit over delayed probe disclosure

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Activist Starboard amasses Autodesk stake, weighs suit over delayed probe disclosure

Jeffrey Smith, CEO and chief investment officer at Starboard Value LP.

David Paul Morris | Bloomberg | Getty Images

Starboard Value, the activist fund run by Jeff Smith, has taken a sizable stake in graphics-design firm Autodesk and has spoken with the company’s board in recent weeks over a number of serious concerns involving its disclosures around an internal investigation that led to the ouster of its chief financial officer.

Starboard’s stake is valued at roughly $500 million, according to people familiar with the matter. The activist, which has a long track record of investing in the technology sector, is particularly concerned about the timing of Autodesk’s disclosure of an internal investigation which revealed that executives misled investors around the company’s free cash flow metrics and operating margins, said the people, who requested anonymity to discuss confidential information freely.

The results of that probe led to the ouster of Autodesk’s then-CFO, Deborah Clifford, who was moved to a different executive role within Autodesk. The probe found that executives manipulated reporting tied to company’s contract billing structure, as Autodesk shifted back to upfront payments from annualized payments, to improve those metrics.

Autodesk first disclosed in April that it had begun an internal investigation into disclosure issues around those metrics, almost a month after it had first begun the investigation and had informed the Securities and Exchange Commission that it was probing its financial reports. Autodesk shares slid 20% over the next few weeks. The company’s market cap now sits slightly below $50 billion.

The delayed disclosure came a little more than a week after the deadline to nominate directors closed. The tight window and timing of the disclosure has raised significant concerns inside Starboard, the people said, that Autodesk’s board deliberately chose not to inform shareholders ahead of its annual meeting. Such a delay would potentially limit a shareholder’s ability to nominate its own candidates in a contested fight.

Starboard is weighing legal action in Delaware Chancery court to compel the reopening of Autodesk’s nominating window and the delay of Autodesk’s annual meeting, the people said. Autodesk’s shareholder meeting is currently scheduled for July 16.

The activist also believes that the company can drive actual margin improvement and improve investor communications to help bolster Autodesk’s stock, the people said.

Starboard has built stakes in other major technology companies, including Marc Benioff’s Salesforce and Splunk, which was sold to Cisco in 2023 for $28 billion.

News of Starboard’s stake and plans was reported earlier by the Wall Street Journal.

Autodesk has faced activist scrutiny before. In 2016, it settled with two activist investors at Sachem Head Capital Management and Eminence Capital to stave off a proxy contest.

Autodesk disclosed earlier this year that it is facing Justice Department and SEC probes. A representative for the company did not immediately return a request for comment.

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Politics

SEC shoots down Ripple’s argument for a lower penalty

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SEC shoots down Ripple’s argument for a lower penalty

The SEC argued Ripple’s proposed lower civil penalty wouldn’t be enough, and there’s no comparison to its settlement with Terraform Labs.

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Who will Donald Trump choose as his running mate?

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Who will Donald Trump choose as his running mate?

Donald Trump needs to choose a running mate for the 2024 election, and rumour has it he’s treating it like his old TV show: The Apprentice.

After a rather high-profile falling out with Mike Pence, the Republican nominee is deciding who could be his next vice president.

He is expected to reveal his choice at the Republican National Convention next month.

Let’s take a look at who the candidates are… and why each of one might hear those famous words: “You’re hired!”.

North Dakota Governor Doug Burgum reacts during an event for announcing he enters the 2024 presidential race, joining a growing field of candidates hoping to topple Donald Trump and secure the Republican nomination, in Fargo, North Dakota, U.S. June 7, 2023. REUTERS/Dan Koeck
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North Dakota Governor Doug Burgum is seen as a frontrunner. Pic: AP

Doug Burgum

North Dakota Governor Doug Burgum hoped his small-town values would appeal to Republican voters enough to choose him as the presidential nominee. It didn’t work, but does it make him an appealing pick for VP?

The 67-year-old former software company executive has stressed his humble origins and previously said the next US president should be “someone who’s held jobs where you shower at the end of the day, not at the beginning”.

More on Donald Trump

You’re hired: Burgum might be a safe pair of hands due to his experience in the worlds of politics and business, and his independent wealth (north of $100m) could be useful campaign funds.

You’re fired: North Dakota is as red as they come, so picking Burgum doesn’t come with the advantage of moving the dial in a swing state.

Sen. Marco Rubio, R-Fla., waves before Republican presidential candidate former President Donald Trump speaks at his birthday celebration, hosted by Club 47, in West Palm Beach, Fla., Friday, June 14, 2024. (AP Photo/Gerald Herbert)
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Marco Rubio at an event for Donald Trump’s birthday. Pic: AP

Marco Rubio

One of Florida’s two Republican senators, Marco Rubio is the son of Cuban immigrants who fled to Miami during the Batista dictatorship.

He ran for the Republican presidential nomination in 2016 but dropped out after losing the Florida primary to Trump, who relentlessly mocked him as “Little Marco”.

You’re hired: He brings strong foreign policy credentials, having served on the Senate Foreign Relations and Intelligence committees, and has a track record of attracting Latino voters.

You’re fired: Rubio has drawn criticism from the MAGA (Make America Great Again) movement in the past for his immigration reform legislation which could pose a problem for him, even though he has since renounced his own deal. There’s also the wrinkle that the US constitution appears to possibly prohibit Electoral College electors from voting for inhabitants of their states for both president and vice president.

Sen. JD Vance (R-Ohio) departs a vote at the U.S. Capitol May 14, 2024. (Francis Chung/POLITICO via AP Images)
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JD Vance is senator for Ohio. Pic: AP

JD Vance

A US Marines veteran, JD Vance rose to become senator for Ohio after growing up in poverty.

He once described himself as a “never Trumper” but has since U-turned into being a reliable supporter of The Donald, even attending court in New York to support him at his hush money trial.

You’re hired: Vance aligns with Trump’s populist mindset and would likely be palatable to the MAGA base – perhaps even as a potential successor one day.

You’re fired: Ohio hasn’t voted Democrat since 2012 so appointing Vance likely doesn’t give Trump a second-in-command pick who could help get him over the line in a swing state.

Republican presidential candidate former President Donald Trump looks to Sen. Tim Scott, R-S.C., during a Fox News Channel town hall Tuesday, Feb. 20, 2024, in Greenville, S.C. (AP Photo/Chris Carlson)
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Donald Trump and Tim Scott earlier this year. Pic: AP

Tim Scott

The only black Republican US senator, Tim Scott launched a bid to become the Republican presidential nominee but later withdrew from the race.

He has since been name-dropped by Trump himself as a possible vice presidential pick.

Scott has accused President Joe Biden and “the radical left” of “attacking every rung of the ladder that helped me climb”.

You’re hired: Scott is seen as a potential asset to Trump both on a policy front and in helping to cut Democratic margins, particularly with Black and Hispanic male voters.

You’re fired: Scott has been outspoken about his support for a federal abortion ban in the aftermath of the fall of Roe v Wade, whereas Trump has said the decision should be left to individual states.

Rep. Byron Donalds, R-Fla., speaks before Republican presidential candidate former President Donald Trump at the ...People's Convention... of Turning Point Action Saturday, June 15, 2024 in Detroit. (AP Photo/Carlos Osorio)
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Byron Donalds was born in New York City. Pic: AP

Byron Donalds

In terms of having a similar name to Trump, Byron Donalds certainly has the edge over the other potential VP candidates.

Donalds, 45, is a congressman from Florida who has been a supporter of the former president since he entered Congress. He voted against the certification of electors from Arizona and Pennsylvania and is a 2020 election denier.

You’re hired: Donalds is a strong debater with experience on TV who could help the Trump campaign reach out to black voters.

You’re fired: Donalds has a limited national profile and could face a similar constitutional predicament as Marco Rubio as he also lives in Florida.

House Republican Conference Chair Elise Stefanik, R-N.Y., attends a news conference at the Republican National Committee after a meeting with Republican presidential candidate former President Donald Trump and the House Republican Conference on Thursday, June 13, 2024. (Tom Williams/Pool via AP)
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Elise Stefanik’s profile has grown within the Republican party. Pic: AP

Elise Stefanik

A Republican congresswoman from New York, Elise Stefanik’s profile has been on the rise in the GOP (Grand Old Party) for years.

She shot to fame after her questioning of university presidents about antisemitism led to a huge outcry and fallout. In May, she addressed the Knesset in Israel and lambasted the Biden administration’s approach to its ally.

You’re hired: One of the few women thought to be on the VP shortlist, Stefanik could help shore up Trump’s support among female and suburban voters as well as bring youth to the ticket.

You’re fired: Stefanik hails from New York, a solidly blue state, so her inclusion on the ticket is unlikely to help bring more Electoral College votes to Trump’s side.

Former Secretary of Housing and Urban Development Ben Carson speaks during the Conservative Political Action Conference (CPAC) at the Gaylord National Resort and Convention Center in National Harbor, Md., Feb. 22, 2024. (Francis Chung/POLITICO via AP Images)
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Ben Carson speaks during the Conservative Political Action Conference. Pic: AP

Ben Carson

Ben Carson, 72, served in Trump’s administration last time around as secretary for housing and urban development.

His time in government came after he briefly ran for the Republican nomination in 2016 before eventually pulling out of the race and endorsing Trump.

You’re hired: Carson hails from Michigan, a battleground state that is likely to be among the most crucial races to watch on election night.

You’re fired: Though well-known, if Trump is looking for an attack dog VP then Carson might not be the right candidate. He’s not considered to be the most outspoken or charismatic pick.

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David Cameron can ‘kiss my a**’

Less likely – Marjorie Taylor-Greene

A Republican congresswoman known for her embrace of conspiracy theories and fierce support for Trump, Marjorie Taylor-Greene nonetheless could make sense as a running mate for her political hero.

However, she is not believed to be on the list of candidates being vetted by the Trump campaign.

She was elected to Congress in 2020 and quickly became a powerful – and vocal – player in the Republican Party.

If he’s still in post after a hypothetical Trump/MTG win, it would be an awkward appointment for the UK foreign secretary, Lord Cameron, whom Taylor-Greene had choice words for…

You’re hired: Taylor-Greene is staunchly loyal to Trump and popular among the MAGA right-wing of the Republican Party.

You’re fired: She’s a divisive figure nationwide and has been criticised for her – sometimes bizarre – outbursts, including talk of “Jewish space lasers”.

FILE - South Dakota Gov. Kristi Noem speaks prior to remarks from Republican presidential candidate and former President Donald Trump at a campaign rally, March 16, 2024, in Vandalia, Ohio. South Dakota may be best known for Noem...s no-apologies approach to politics, earning her the favor of former President Donald Trump. On Tuesday, voters will decide what a Republican majority in the South Dakota legislature looks like.  (AP Photo/Jeff Dean, File)
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Kristi Noem speaks at a rally in March. Pic: AP

Less likely – Kristi Noem

The current governor of South Dakota, Kristi Noem also has experience as a former member of Congress.

Her profile grew during the COVID-19 pandemic when she declined to close businesses and public spaces in her state to limit the spread of the virus. But it was in 2024 when she became even more well-known… after describing an incident of killing her dog in her own memoir.

As time has gone on she appears to be an increasingly unlikely choice for VP.

You’re hired: Noem brings experience as a state governor and fits in with Trump’s MAGA crowd.

You’re fired: She has been a supporter of the abortion restrictions in her state, where there is a near-total ban except when necessary to save the life of the mother. This hardline stance could make her a liability in a general election where public support for abortion access is high.

Pic: Reuters
Republican presidential candidate and former U.S. Ambassador to the United Nations Nikki Haley speaks as she announces she is suspending her campaign, in Charleston, South Carolina, U.S., March 6, 2024. REUTERS/Brian Snyder
Image:
Nikki Haley has been ruled out already. Pic: AP

Already ruled out – Nikki Haley

Nikki Haley ran against Trump in the contest to secure the Republican nomination earlier this year. She weathered a string of defeats in various states before eventually suspending her campaign.

Nonetheless, she demonstrated that a significant proportion of Republican voters prefer her to Trump’s band of MAGA politics, perhaps setting the stage for a return in 2028 and beyond.

Trump has already ruled her out, and she’d be unlikely to accept even if he hadn’t. But just for fun:

You’re hired: She’s a strong politician with a track record of winning elections, and appeals to more moderate Republicans who might be nervous about another Trump presidency. But…

You’re fired: Haley is a critic of Trump, who she described as “unhinged” and too chaotic and divisive to be an effective president.

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