Going back a little in time; by the late in 1960's, the US Govt. started racking up big debts & deficits, one of the reasons for the big increase in debts and deficits was the unexpectedly large expenses incurred waging the Vietnam war (sound familiar)... at that time, the US Govt. was spending more money than they could legally print under the amount of Gold it held in reserve... the US Govt. desperately needed to print more money to fund their war and debts than their Gold reserves would allow, so the US Govt. simply decided to re-write laws (regardless of their long-term financial consequences & Constitutional law) and started the de-coupling process away from backing the US Dollar with precious metals.
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