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Eventually federal government officials became less in a position say no to anything and instead, changed the rules, eventually ending with President Roosevelt removing america dollar from most among the gold standard during regarding Depression in 1933 while making it illegal for just a US citizen to own most types of gold. In 1971, President Nixon completed what little relationship left between how much gold workers, but Reserve necessary to have in reserve to back is going to be of dollars they could print. On their website : were free to decide - if they needed more money, officially raise the debt ceiling, then just print some up. Gold was officially not money anymore.
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