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What does it mean when a loan is "backed by the government"?

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What happens if the government has to "back it"?

please explain in retard terms if you can. Theres so much economy lingo out there I cant keep up
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It means taxation is theft
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>>1749085
it means that unless the government goes bankrupt the loan will be paid off. That makes it very safe unless you live in a shithole
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>>1749563
this

its also the reason why you have to accept payment with their fiat that is not backed by gold or silver
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>>1749085
If a loan cannot be paid off, the government will pay it off.
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>>1749563
that's not what it means here, it means if the loan has a maxed rated then the state will pay the difference if the interest rates hike over it.

it's good for the debtors and the financial entities very bad for taxpayers tho.
Thread posts: 6
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