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Eventually the government officials became less within a position to say no to anything and instead, changed the rules, eventually ending with President Roosevelt removing the dollar from most of this gold standard during your individual Depression in 1933 while making it illegal on a US citizen to own most associated with gold. In 1971, President Nixon completed what little relationship left between the amount gold impact all civilian federal Reserve for you to have in reserve to back total of dollars they could print. Below were able to decide - if they needed more money, officially raise the debt ceiling, then just print some more. Gold was officially not money anymore.
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