In the fiat system, loans are made with interest. Lending creates money, but doesn’t create enough for the interest to pay it back. A debt-based system is basically a ponzi that has to keep growing. And so very few years, the world gets short on dollars, and ends up having to sell US assets to get dollars, which causes illiquid, broken markets in the U.S. until more dollars are supplied.

It’s not the rest of the world’s fault. The U.S. advocated for this system and collaborated with it.