The US has some skeletons in its closet. Roosevelt issued the Executive Order, which established two strikes for citizens. The first of these scams was to completely ban individual possession of gold, whether at home or in banks. Now, Americans could only use the dollar. The second blow was that, in addition to the ban on gold ownership, the government forced people to hand over all the gold they owned to the central bank (Fed). The dollars that Americans received in exchange for their gold lost 60% of their value in just under a year. Because it has the largest gold reserve in the world, culminating in the Bretton-Woods agreement in 1944, the dollar was adopted as the standard currency