Correct me if I'm wrong, but this combined with high borrowing rates and a looming recession, basically mean that we are going to again destroy the economies of

Correct me if I'm wrong, but this combined with high borrowing rates and a looming recession, basically mean that we are going to again destroy the economies of countries who depend on low borrowing rates, the way we did with Greece and others in 2007? That could mean a second global financial recession. Which would prompt the world to more seriously begin moving their business to China. The promises of stability from the US dollar are obviously a sham if it means destroying their economies every 15-20 years.