Would be cool to see a reference to your news source informing of this, it is a very significant event, assuming true.

Also you write as though issue of money as bailouts is something bad, as if the money comes from finite sources. This seems to be a common misperception that we are conditioned to believe, by the powers in control, to make us feel dependent upon them, as they are in control of our wealth supply, they claim that what they have access to is from scarce supply, so that they have an excuse to drip-feed everyone, to ensure no-one gets empowered enough to be any threat to their positions of authority.

But it isn't true, as outlined in my Kardashev Money stories, there is now a continuously scaling up hyperobject of solar product coming into all developed economies, including China's, now more than tens of GigaJoules per second coming into every country, donated from the sun.

That energy came with no labor of extraction, therefore requires no promises to pay, so is not compatible with money issued as such.

But money has to be issued to reflect it, because it is the most valuable product we can imagine, and as long as money is not issued to honestly reflect it, the money will continue to devalue whilst that product scales up, since the money is no longer reflecting actual valuable product.

So there you should see a solid physical reason for why currency is devaluing.

Conventional economists, who were never multidisciplinary, struggle to see this direct connection between energy and money, which has only appeared since significant solar power has been put to use.

But systems Engineers like me can see it.

That is why I write in Medium, to try to help others to see it. I call it "Kardashev Money", for want of a better term.

It actually wasn't a bad thing that Trillions of stimulus were issued.

The problem was it stopped.

The solution is to get it restarted.

It is all backed by something with far more authority than any bank - Nature.