It is a global clusterfuck of looting at the moment. Power and money are confused to the point that ideas like corruption and ethics are simply no longer relevant. A self serving global elite has captured the levers of all of the worlds major currency systems and is looting on every continent on an epic scale. The problems begin with the United States, the monopoly issuer of a floating fiat currency that is pretending it is on the gold standard to justify as necessary a massive upward redistribution of wealth.
This policy, and a similar one at the ECB leaves open the door of currency manipulation on a global scale by entities with the economic power to execute. The Chinese have to buy bonds from both the EU and the US in order to force an export market by depressing the value of the Yuan which in turn prevents the Chinese from consuming and thus exports demand to debt selling countries. China is able to do this because both western systems pretend they are constrained in some unexplained manner from simply creating the money their economies need rather than selling debt to, among others, the Chinese.