Have any experience dealing (buyer or seller) in "BLACK MARKETS"....??

[Amish Heart]

There's a smallish town about 15 miles from our small town, and little granddaughter goes to school there. They had a farmer's market going for years although not so many of them farm there. Lots of crafts and baked stuff. Anyway, last year they announced that you had to get a business license and a tax ID number and collect sales tax to sell there, and rent the table. Now they don't have a farmer's market. No one signed up for a table last year. Glad we don't have any of that nonsense.

 

[randyt]

I've bought a bit from moonshine to sorghum molasses. Sometimes tobacco would find its way out of Kentucky to some other state but that was a lifetime ago and I was not involved, no sir but I heard about it

I have a question though is barter used as a form of exchange in the black market

 

[old tex]

In Europe I saw both black & grey markets. The black markets sold stuff out of car trucks at rest stops. The grey markets sold in public areas but didn't "track" all of their sales. Both were used to go around government taxes.

 

[Mountain trapper]

I guess I (could) have taken advantage of "black market" stuff overseas in the middle east, Asia, Africa and Russia. Anything from bootleg DVD's to guns, booze, ivory, antiquities, gemstones, etc.

 

[joel]

No, I never worked with anyone that I knew was trading in illegal things( Black Market).
Did two thing that may or may not be gray market.
1) bought tools in a parking lot & made the seller show me his SCDL.
2) I had a truck full of land scraping mower & so forth & a guy flagged me down.
He sold me a router, power washer & a few others things.
He said he was moving & was on the way to flea market to sale them.
I made him show me his SCDL & said I would report him if anyone came knocking on my door.
Also wrote down his name.
Never saw them again or had reason to believe they had stole the tool, but the price was to good for them to be in business. That was years ago, today I would not buy thing unless the person had DL & business license.
I am buying everything new these days, can afford to & it is easier to explain.

 

[randyt]

Does black market mean stolen or illegal goods?

 

[Mountain trapper]

Does black market mean stolen or illegal goods?

Not necessarily. It's whatever the government says it is. Maybe someone is selling a product without a stupid government license or permit. When I buy from an individual I never ask to see their resale number, tax ID number or license to sell.

 

[randyt]

Is there a difference between black market and underground economy?

 

[elkhound]

I've bought a bit from moonshine to sorghum molasses. Sometimes tobacco would find its way out of Kentucky to some other state but that was a lifetime ago and I was not involved, no sir but I heard about it

I have a question though is barter used as a form of exchange in the black market

there has been a few trades as of late that fall to black market and underground.....oil for raisins....ship loads...no money changed hands...po'ed bankers....lol...thats a great thing...lol

 

[elkhound]

Is there a difference between black market and underground economy?

during 08-10 thing when money got so tight a firm in europe to stay in business set up a thing where they found items and trades were made with only the goods...i know bankers got real upset..even though these guys trading and had the goods couldnt get cash....bankers couldnt get a little cut of these deals. its about to happen in east on regular basis....its going to prevent banker types from collecting money from others work.

 

[Binky]

Does black market mean stolen or illegal goods?

It can mean both. The definition of black market is: any market where the exchange of goods and services takes place in order to facilitate the transaction of illegal goods or to avoid government oversight and taxes, or both.

 

[joel]

Does black market mean stolen or illegal goods?

black market, trading in violation of publicly imposed regulations such as rationing laws, laws against certain goods, and official rates of exchange among currencies. Rationing is common in wartime in order to equalize the distribution of scarce goods and services; black-market activity may consist of charging more than the legal prices, stealing or counterfeiting ration currency, and making side payments in addition to the official rate to obtain a given amount of merchandise.

Black-market activity in foreign exchange is prevalent in countries in which convertible foreign exchange is scarce and strict control of foreign exchange exists. The black market often sets a price for foreign exchange that is several times the official one. Examples of goods traded in the black market are weapons, illegal drugs, exotic and protected species of animals, and human organs needed for transplant surgeries. Children, as part of human trafficking and sex slavery, have been sold on the black market. Even banned cheeses, such as casu marzu (deemed dangerous due to the live maggots contained in it), are traded. Many of these "goods" are marketed and sold on the "dark web," using anonymous browsers like Tor for secret, encrypted transactions.

The Editors of Encyclopaedia Britannica

 

[LadyLocust]

Technically e bay is a black mkt. I try to buy from local individuals whenever possible (depending upon the need of course). Call it what you will, I am supporting the local community.

 

[Sourdough]

Does black market mean stolen or illegal goods?

I would say yes it includes both of those. But if in a country like Argentina for example, where near 50% of transactions are "Black Market" then far-far more than those you mentioned must be getting traded/sold on Black Markets.

Is toilet Paper illegal. I think not, but I can see where if there is none available in the marketplace, and someone has hundreds of cases available and willing to sell or trade, some would call that black market, I don't. To me Black Market implies very hard to get or very scarce things. Scalping tickets to a sporting event. Last minute tickets to a Super Bowl might go for $5,000.00 same with tickets to a rock band concert. Is it gouging on the price, is it black market transaction.

 

[Amish Heart]

I've bought a bit from moonshine to sorghum molasses. Sometimes tobacco would find its way out of Kentucky to some other state but that was a lifetime ago and I was not involved, no sir but I heard about it

I have a question though is barter used as a form of exchange in the black market

I think so because there's no tax or regulation to it

 

[OldSchool]

I think so because there's no tax or regulation to it

I think that's called a free market. Barter & trade.... without the guise of 'black market'

 

[Sourdough]

I have a question though is barter used as a form of exchange in the black market

I would say it is "ONE" way. I suspect there are many others. My guess is that a personal check would be hard to trade for goods.

Don't they trade TIDE Detergent for drugs.

 

[elkhound]

I would say yes it includes both of those. But if in a country like Argentina for example, where near 50% of transactions are "Black Market" then far-far more than those you mentioned must be getting traded/sold on Black Markets.

Is toilet Paper illegal. I think not, but I can see where if there is none available in the marketplace, and someone has hundreds of cases available and willing to sell or trade, some would call that black market, I don't. To me Black Market implies very hard to get or very scarce things. Scalping tickets to a sporting event. Last minute tickets to a Super Bowl might go for $5,000.00 same with tickets to a rock band concert. Is it gouging on the price, is it black market transaction.

whats it called when a community refuses to sale goods outside their community?

 

[OldSchool]

My take is that the "black market" are for illegal goods.

I wouldn't go there unless my life depended on it, and I certainly don't see that happening.

But then of course the definition is open to discussion, and that's happening here, and I ain't bitching about it.

 

[Supervisor42]

It can mean both. The definition of black market is: any market where the exchange of goods and services takes place in order to facilitate the transaction of illegal goods or to avoid government oversight and taxes, or both.

I had completely forgotten about moonshine, of course I have bought that, (but never made or sold it).
Since it was 'illegal' I'm sure I bought it on the black market.
Also, when I was 17, I sold the MJ we grew in the parking lot at high school.
I guess I was a black-market seller then.
(Don't worry, the statute-of-limitation expired decades ago. )
Think about what you have bought and/or sold, and I'm certain almost every single one of us has dabbled in the 'black market' at one time or another.

 

[Binky]

whats it called when a community refuses to sale goods outside their community?

Protectionism - could be for just a small community or could be for a whole country. But it's still protectionism.

 

[Amish Heart]

whats it called when a community refuses to sale goods outside their community?

A cult? Ha Ha. I don't know. A closed community? When covid hit, locals here were complaining that other towns were clearing out our little amish store. Bread flour.

 

[elkhound]

A cult? Ha Ha. I don't know. A closed community? When covid hit, locals here were complaining that other towns were clearing out our little amish store. Bread flour.

when your community only get 3 truck loads of goods and owners decided upon delivery that they will only be sold to locals...its a thing...just like farmers...they might sale raw bulk goods to some but not others.

 

[Binky]

A cult? Ha Ha. I don't know. A closed community? When covid hit, locals here were complaining that other towns were clearing out our little amish store. Bread flour.

Protectionism is valid in a case like that. The Amish store would have been within its rights to protect the local community and only sell their goods to their known, local community.

 

[Amish Heart]

When times are tough, I could see that happening here, Elkhound. Last week when I was at the store, there were a good amount of tourists, about 5 cars worth. Today was all locals. I noticed I was the only car in the lot. All tractors. The parking lot only holds about 7 vehicles, not including the horse and buggy only spots with the horse tie outs.
And then there's the farm stores. Dave the handiman guy sells raw milk and eggs, and with egg prices high right now, he's always out. My favorite cousin's farm is a dairy farm, so there's always milk there, but they've had an increase in customers lately. We're one of those states that raw milk has to be marked not for human consumption.

 

[elkhound]

Protectionism is valid in a case like that. The Amish store would have been within its rights to protect the local community and only sell their goods to their known, local community.

in some cases the 'place' has goods on shelf but limited...but if you ask and local well...it appears at check out...or you gain access to larger quantities because you are known...and this is where your past involvement and often those you know and dealt with come into play....getting into local politics often..even if its just business owners or in case of rural folks families.

 

[elkhound]

When times are tough, I could see that happening here, Elkhound. Last week when I was at the store, there were a good amount of tourists, about 5 cars worth. Today was all locals. I noticed I was the only car in the lot. All tractors. The parking lot only holds about 7 vehicles, not including the horse and buggy only spots with the horse tie outs.
And then there's the farm stores. Dave the handiman guy sells raw milk and eggs, and with egg prices high right now, he's always out. My favorite cousin's farm is a dairy farm, so there's always milk there, but they've had an increase in customers lately. We're one of those states that raw milk has to be marked not for human consumption.

i already witnessed in here...in fact its continued on for various reasons. often people found a supply line source cheaper and better product...they changed habits and never returned to way they use to do business.

 

[Amish Heart]

I always ask if they can bring out more spice drops for husband if there's none on the shelf. His favorite. And I've asked for them to bring out more meds at the feed store. Today I bought 3 Z packs, and they're normally stocked on the counter, but sometimes there's more if they're out. But I couldn't believe they were out of bread flour a few years ago. The bigger town people were coming in and buying them out. They'll hold some back. Bushels of fresh fruit and veg come in regularly, and there's a sign up list to hold however many bushels you want before it comes in. Peaches, green beans, strawberries, blueberries, sweet corn, and just had apples. Nothing more till next year. I bought them out of chopped nine grain for bread making, and all they had was 7 grain flakes in, so bought that, too. Olive oil has been good priced there, and not entirely expired, but boy it gets bought up fast.

 

[UserNameTaken]

Black Market is the guy selling R22 freon for a premium on Craigslist, and doesn't care if you have a freon license or not. Same with the guy selling stolen Glocks out behind the bar.

In Honduras there was a black market around the currency, where the official (bank) rate was 2 Lempira to a dollar, but on the street it exchanged at 6 to one. So let's say you want to fly to Miami. The cost is $300 r/t (or was in the 80's) or 600 Lempira. So you take $100 out on the black market, aka the money changer guy who hung out in the square, and sell it at 6 to one for 600 Lempira. THEN you buy your ticket in Lempira, and fly r/t for $50 each way. (Edited to fix my math, time fuddles memories.)

And (side story) on the same ticket they had a special promo deal for a couple years where you could stop in Belize on the same ticket and then continue on another flight going the same direction. Those were the days!

 

[elkhound]

there could be the black market for very legal things...especially during hard times...this market might not be a spot per say...but also it might be because seller doesnt want the word to get out about items he is selling...case in point...hard times...food....if you let it be known you have food for sale it could present troubles...if you do it very strictly and say by dropping things off while visiting...its a type of black market...you might not have enough to feed entire community but enough extra for 20 families to get a chunk.

this is where a little trading posts comes into play....they act as middle man doing deals. i have done this myself...this is prices i will take for an item...low price and highest price.