"Months after the founding of the Federal Reserve, World War I occurred, and a century of brutal global war ensued... it would not be possible without the money printers"

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..........."Thus, on August 15, 1971, when the Federal Reserve Note (commonly referred to as the US dollar) was formally detached from the remnants of its gold backing, and the last of the checks against the unmitigated expansion of the money supply abandoned, statists of both the left and right rejoiced in a final victory over the market system. As all currencies in the world were tied to the gold-backed US dollar, this event put the world on a de facto fiat currency system. Combined with a social democratic form of government where the liberals promote welfare (via the “political means”) for both the rich and poor, it has meant a massively rising level of government debt, mostly in the western world where this system has been embraced."