American elites went through institutional innovations and constructed a global framework that put others' money at stake when its allies deared to break away.
Europeans at least learned the 1971 lesson and now has the Euro to fight USD. Asians pretty much learned nothing from history.
Two cores of Asia, the Japan and China, could not reconcile and build up a better cooperative framework, that's why they deserve to be bagholders for America. Period. No sympathy.
