Throughout history, governments have minted coins using precious metals. However, during times of war or significant projects aimed at expanding their empires, they often devalued their currency by reducing the precious metal content in circulating coins. Over the last five hundred years, a practice has emerged where paper currency issued by a mint or a bank became legally recognized. This practice allowed the issuing institution to distribute more paper currency than the precious metal reserves held in their vaults, provided they were issuing loans at interest and had equivalent collectible debt.

This financial innovation enabled governments to rely on the credit of their population, promising repayment through taxation or at least managing the debt interest through taxation. As a result, banks within a nation were compelled to extend more credit than they would under normal circumstances, given that government credit exceeds that of businesses or individuals. This led to the next logical step: government control over credit issuance through a centrally established bank.

Initially, central banks were required to hold a certain amount of precious metal, making the currency redeemable domestically and eventually only internationally. However, when a central bank becomes a global powerhouse, it may cease redeeming its currency with precious metals. At this juncture, it becomes evident that all fiat currencies and legal currency devaluations are driven by war and global conflicts, which arise from credible threats or attacks by one nation against another.

When nations engage in conflicts, they must sieze control over their economies, resources, and people to protecting their system. To do this efficiently, without compromising the perceived freedom and benefits of the nation, they devalue their currency. Taxation then becomes a part of this illusion, where individuals believe they are contributing to their nation's security by paying taxes.

If a perfectly stable and indebaseable monetary system were introduced, it would naturally become the preferred choice for people, as they would recognize the continual wealth erosion caused by central bank-issued paper money. Transitioning to such a hard money system would need to be gradual, ensuring its universal adoption across all countries and continents, touching nearly every individual. This widespread adoption could lead to global disarmament, as nations sharing a common currency and belief system, with aligned interests in peace, would find it challenging to justify conflicts over risking lives, property, and family against a nation with shared economic and cultural ties.