eplacing gold, ending wars
On the relation between gold and war, Ford explained:
“The essential evil of gold in its relation to war is the fact that it can be controlled. Break the control and you stop war.”
Some of Bitcoin’s most ardent supporters believe the cryptocurrency’s sound money principles could eliminate war by reducing the state’s ability to fund conflict through inflation. While a gold standard makes it harder for governments to inflate their currency, “international bankers,” as Ford explained, controlled the bulk of the bullion supply. This process of controlling and accumulating precious commodities allowed financial elites to create an active market for money, which thrived during wartime.