Many people are wondering whether the economy is going to survive or crash. After all, many countries are deeply in debt and they do not have any valuable resource to back their debt. For years the United States government relied on gold as a financial backing. However, that gold reserve was done away with completely.
The result of not having a resource to back your monetary system is that the government can print and print trillions of paper dollars. The Great Depression proved without a doubt that these paper dollars can become worthless in a very short period of time.