Counterfeited? I'm afraid to ask what you mean.
All newly created Debt creates Federal Reserve Notes/credits, this New Money is created out of thin air and spends the same as existing money, but it is diluting the current specie by the exact percentage that the new money represents.
To put it simply , it is WATERING DOWN THE BOOZE! Today you need 2 quarts to get drunk, in 1971 you needed 2 shots.
We went off the gold standard in 1971. Bretton Woods accord.