US Gold Standard ends in 1971
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This stopped the convertibility of the United States dollar into gold by foreign investors.
While this is inherently a step down it was necessary to protect The Republic from foreign bung holes such as Charles de Gaulle who collected US currency then demanded gold.
The world is just too hostile a place even among alleged friends to allow the international community to take undue advantage over money matters such as this dead punk ass cheese eating surrender monkey.