“What
if the trade exchange goes out of business?”
Since debits should equal credits, each accounts’
interest should be protected. If an exchange is making money, management will
probably want to sell out. If the exchange is in financial trouble, you should
be aware and get out anyway. Today there is great demand for trade exchanges
and there are buyers available.
There are always some who will try to beat the
system. This occurs in every walk of life. The prudent businessperson should
remain as well informed as possible about the financial condition of any
business with whom he is working.
In talking with other members and vendors it is
possible to get an idea as to the general condition of any business.
The greatest danger to the members of any trade
exchange is that management will start looting the system. When they take out
and put nothing back, it may signal serious problems ahead. The warning signs
are an ongoing lack of goods and services for the general membership. This does not happen often today but like
anything else, it is possible.
“The truth does not change according to our ability
to stomach it”
Flannery O’Connor
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| It is the members who “own” the trade exchange. |
