I am well aware, the united states was issuing credit for gold they didnt have. Other countries got upset and wanted their share of the gold back. Rather than t

I am well aware, the united states was issuing credit for gold they didnt have. Other countries got upset and wanted their share of the gold back. Rather than trading under a fair economic system, we abandoned the gold standard. Nixon blamed "speculators", but it was and is plainly evident that we didn't have the gold we claimed we did.