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[–] Ulfghar ago 

That's because the US monetary system is not backed by anything. It's a fiat monetary system that was created on the 1920s by president Wilson.

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[–] goatmensch 0 points 1 point (+1|-0) ago  (edited ago)

People used to be able to take notes to the bank and redeem them for gold.

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[–] UsedToBeCujoQuarrel ago 

Now you can take money to stores and get gold.