> Individuals haven't been able to convert notes to hard currency In the US! Well, the rest of the world had other worries back then anyway, and after WW1 + WW

> Individuals haven't been able to convert notes to hard currency In the US! Well, the rest of the world had other worries back then anyway, and after WW1 + WW2 most of the world's gold was on US soil thanks to trade flows and custody deals and debts etc etc. Hard to keep a gold standard when all the gold is with one party for all intents and purposes ;)