... "New higher industrial relations never appear before the material conditions of their existence in the bowels of the old society ripen. Therefore, humanity always sets itself only such tasks that it can solve, since upon closer examination it always turns out that the task itself arises only when the material conditions of its solution are already available, or, at least, are in the process of becoming "1).

Indeed, the development of capital made it necessary to have at hand the necessary tools to resolve the emerging contradictions. The first contradiction was the discrepancy between the increased world commodity turnover and the amount of material money that gold personified and which in real circulation had long been replaced by its substitutes - paper and non-cash money. The monopoly of the lender of last resort replaced gold, heralding an era of abstract money.

Now all central banks are endowed with an amazing property - to extract a loan from their bowels, which will materialize the money created in material production.