Commodity money as a theoretical backing for federally issued "gold certificates" to substitute for the gold. Between 1933 and 1970 (when the U.S. officially left the gold standard), one U.S. dollar was technically worth exactly 1/35 of a troy ounce (889 mg) of gold. However, actual trade in gold bullion as a precious metal within the United States was banned after 1933, with the explicit purpose of preventing the "hoarding" of private gold during an economic depression period in which maximal circulation of money was desired by influential economists. This was a fairly typical transition from commodity to representative to fiat money,
Precious Illusions butterflies." According to Morissette, "The right side is more me. I'm not anywhere near being in a position to ask or be asked, so it was charming and amusing." Precious Illusions "Precious Illusions" is a song written, recorded and produced by Alanis Morissette, for her fifth album "Under Rug Swept" (2002). It released as the album's second and final international single on 5 August 2002. Its lyrics describe a conflict between idealism and realism, and its protagonist refers to her childhood fancies as "precious illusions" that she has distanced herself from with a feeling that reminds her of "parting with