Bernanke said we would not monetize the debt, but that is exactly what we and Europe are trying to do. At the same time, China is running into the same problem the American people are, they are getting junk money to pay off the giant debt the world owes them from China stealing most of the consumer manufacturing.
China is ready to crash when it is found out they are cooking the books on the numbers for their economy. China is finding out you must have customers to be an export economy. They will also find out that no matter how you would like the numbers to look, eventually reality takes over.