Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Is money from USA economy real or pretend?
3 Answers
- Anonymous1 decade agoFavorite Answer
That's a very good question. The money we had 20 months ago was real. The money that has been printed up since then looks real, but it is not.
No one paid for it yet, but we will have to later. The money supply of our country was doubled in 6 months, doubled.
What so you think that did to the value if the dollars in our savings accounts?
The rest of the money that the government is spending is real though, we will find out how real it is when we have to pay it back to China.
- the old dogLv 71 decade ago
In your own country it is real but outside your borders it is losing it's face value on the markets.
There are a myriad of reasons for this but the strongest one is the fact that the government is printing large quantities of paper notes for money with nothing to back it up.
Not enough gold bullion, nor silver bullion, nor concrete assets to maintain the current printing practise of the government's mint.
Another factor in this is the national debt. It is huge and the biggest debt belongs to 'China'. If China called in all her markers now the states would go bankrupt and anything you have in paper or on paper would be useless as far as wealth would go. If you own gold bullion or silver bullion you would stand a chance in the fallout but then ... there is no way China will call in all her markers in one day. No way.