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It's more complicated than that.
It's not only that, the thing is that the "money printer" aka bonds are valued based on the GPD of a country, and the GDP is based originally on the industrial production (in france), but in 1967 they changed the definition of the GDP to include wealth exchanges/transfers, thus counting multiple time goods that are already produced/manufactured, and they also added tons of other inane stuff, like software development, prostitution, drug traffic, slavery, rent estimates etc...
Thus the GPD doesn't reflect true wealth, thus the value of bonds are completely fucked.
And if you add that bonds are bough back by other countries to finances their populations retirement for example then this shit becomes an international ogre.
For example, if France crashes, Norwegians looses their retirement pensions, just like France lost all it's social, pensions etc.... when the house market crashed in the US, because our bankers schemed this with the US and then re schemed from other scam to bail out all this money with the private entrepreneur sector which they killed by doing so.