Makes sense. The amount of credit given over to Western nations, directly and through currency dominance, has been excessive such that it harms other nations by its arbitrary relocation of wealth to countries, namely Western countries, that haven't really earned it, and at the same time it hurts those seemingly benefiting countries by casting a dark shadow over their future. Better international mechanisms need to be in place to prevent the abuses of creditors and loaners in order to make the global economy more fair and more stable. It doesn't help of course when a country like China feeds us crazy debt to fuel its protectionist export market. Undervalued currencies, such as the Chinese yuan, make a country's own products and services artificially cheap abroad and foreign products artificially expensive at home, thereby bestowing an unfair advantage. This isn't the only reason, but I think this is one of the main reasons why China has been outperforming the other BRIC countries.