Winston Churchill when he took the UK off the gold standard and later Richard Nixon scrapping the Bretton Woods Agreement.
The rest is a result of unchecked fiat currency production.
Additional to these actions of course lay the World Banking Family's seizure of the right to print money ie via The US Federal Reserve, The Bank of England. So in the US's case you could blame their stooge Woodrow Wilson 'smuggled' it through in a scarcely represented midnight session of congress.
" The final solution on behalf of the banking cartel is to have the federal government guarantee payment of the loan should the borrower default in the future. This is accomplished by convincing Congress that not to do so would result in great damage to the economy and hardship for the people. From that point forward, the burden of the loan is removed from the bank's ledger and transferred to the taxpayer. Should this effort fail and the bank be forced into insolvency, the last resort is to pay off the depositors. The FDIC is not insurance, because the presence of "moral hazard" makes the thing it supposedly protects against more likely to happen. A portion of the FDIC funds are derived from assessments against the banks. Ultimately, however, they are paid by the depositors themselves. When these funds run out, the balance is provided by the Federal Reserve System in the form of freshly created new money. This floods through the economy causing the appearance of rising prices but which, in reality, is the lowering of the value of the dollar. The final cost of the bailout, therefore, is passed to the public in the form of a hidden tax called inflation."
Sound familiar ....... it's from the book The Creature from Jekyll Island written in 1994 !!!
(20min delay)