Most of this would be created, thus not from tax receipts.
But this is not new. Many countries have huge monetary inflation at present arising from increasing the money supply. The US is approaching about 14% monet. inflation, part of which is created by issue of easy credit by Banks or other means.
Hence the reluctance of countries to quickly liquify the system with copious amounts of cash. They rather prefer to deal with the immediate needs.
At the moment, I compare the fall-out as the equivalent to an earthquake with the aftershocks, the latter we are experiencing now.
Meanwhile, we may have to forget about some very fancy Gold prices, I think unless something very big comes from left field but then again, most Central Banks who together hold trillions of dollars and are actively trading with the US and each other don't want a debacle. IMHO.
Gerry
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Open | High | Low | Value | Volume |
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