The European bailout. TARP. GM. Fannie May. The list goes on and on. The basic premise in all these deals is that something was "too important" to the economic system and had to be bailed out by the government or the central bank.
In all these cases the bottom line was the money was simply created for the bailout. Poof. There was nothing behind these dollars or Euros being created. The U.S. government simply borrowed more, the Fed simply printed more.
So while all this created money did save these various institutions, the question is if there is enough wealth in the world to eventually pay off all these debts. There isn't. The world is not going to "grow" or "tax" or "save" its way out of this problem. And like Greece, countries and states will keep on borrowing and spending beyond their means since they know they will be bailed out in the end.
There is a fixed (but slowly growing) amount of "wealth" in this world that is being represented by a rapidly growing amount of "money". The denominator is growing much more rapidly than the numerator, so this means the value of "money" is simply getting smaller and smaller and smaller.
Inflation is already locked in. Are you smart enough to see it?