Mark Jeftovic wrote a wonderful essay arguing that WWIII has been in the works ever since industrialized nations jettisoned the classical gold standard at the outbreak of WWI. Drawing from Ferdinand Lips's insightful book, Gold Wars, Jeftovik recounts how everything changed once governments abandoned sound money in order to finance long wars.
In order to finance wars, the world resorted to deficit spending and paper money.
Instead of viewing today's chaotic global events as the depressing prologue to WWIII, Jeftovic argues that the world has been in a constant state of war since 1914 - a war over who can legally possess gold, made possible only by the intentional destruction of sound money.
Oh, those inherently worthless fiat currencies might have the full-faith backing of powerful nation states and their militaries, but when has a politician's word stood for much of anything? After all, when basic accounting meant that governments did not have the money to finance last century's wars, pork barrel largesse, and expanded welfare State, they simply decoupled from the gold standard and started madly printing paper bills! A century of IOUs now sit atop bank vaults filled with next to nothing.
The lesson of the last century is simple: end fiat money and end forever wars.
End fiat money and end the ever-growing bureaucratic Leviathan that rules over the people against their will.
Only much later did laws turn an operative gold standard into an officially sanctioned gold standard.
https://www.americanthinker.com/articles/2023/10/end_fiat_money_end_forever_wars.html
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