Very good post,money in modern world is political weapon,but issueres ofcurrencysarecreating unlimited debt.Now Draghi will rise his his QE over 60 bln euro per month,why he is saying becouse of inflation andsituation in China,dollar is printed otherwisewill be not possible to cover USA debt,
The yuan's problem is that it's dictatorship money.What else isdollarand Euro,Euro is political project weapon in Germany hands,thanksEuro Germany is ownng Europewithout one shoot
Certainly Germany is enjoying hegemony in Europe as it's both the biggest creditor country and the biggest voice in the ECB. Between the US and China, there is a little balanace of power -- the US has more power but China is the creditor. There's no such balance between Germany and Greece.
When currency and debt crash, democracies tend to like to use inflation and devaluation, among all the policy choices. Savers can hedge against this by buying things like gold, Bitcoin and foreign currency. Undemocratic countries tend to like financial repression, which is even less predictable than inflation and devaluation. Not that financial repression isn't done in the West, but they tend to be milder.