Discussion » Questions » Finance » What is the financial backing of/for all of the extra currency that your country’s government has printed since March 15, 2020?
Randy D

What is the financial backing of/for all of the extra currency that your country’s government has printed since March 15, 2020?

(Please name your country in your answer, thank you.)



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Posted - July 30, 2020
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Responses


  • 8214
    Only the government's word the money is good. 
      July 30, 2020 6:51 PM MDT
    0

  • 53526
    Country?

      July 30, 2020 6:53 PM MDT
    0

  • 16838
    Almost all currency worldwide has been fiat since Nixon unilaterally smashed the gold standard in 1971 so he could pay for a pointless war in Viet Nam. Australia is no exception.
    When the US hits its financial thumb with a hammer, the entire world howls in agony.
      July 30, 2020 9:01 PM MDT
    0