The state has two monopolies it must protect whatever the cost: the monopoly on decreeing what is legal tender, and on force.

“We’re entering an era in which push comes to shove will lead to immovable objects encountering irresistible forces. All sorts of verities and vanities will be bulldozed as kicking the can down the road descends into desperation to stave off collapse, a desperation that unleashes second order effects the desperate did not anticipate. The only responses at this late stage are even more desperate, so desperation is self-reinforcing”

https://www.oftwominds.com/blogmay26/crisis-good-guys5-26.html