For translation, I like to use Google Translate or ChatGPD for longer texts. Yes, the article describes our monetary system very well. It's a shame, though, that this article was massively downvoted on Reddit and hasn't been widely shared. That just goes to show that most people are sheep and intend to stay that way. 😉
RE: Der unterschied zwischen Fiatgeld, Fürstengeld und Knappheitsgeld/The difference between fiat money, princely money, and scarcity money