SilverBacks or Silver Backed

Founder of The Morgan Report • Oct 15, 2021 at 10:04 PM EDT

The value of fiat money is derived from the relationship between supply and demand and the stability of the issuing government, rather than the worth of a commodity backing it.

Silver, Bars, 5000 Grams, Real Value

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Should our fiat money be backed by silver? Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. The value of fiat money is derived from the relationship between supply and demand and the stability of the issuing government, rather than the worth of a commodity backing it. Most modern paper currencies are fiat currencies, including the U.S. dollar, the euro, and other major global currencies.

Video Length: 00:15:49

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