This very much reads like the whole "China is weeks away from collapse." Every once in a while there is some fear mongering over the Treasury and bonds. This also coming from the Heritage Foundation is rather convenient with their call for fiscal responsibility and measuring the decline as being 3.5 years in the making.

While a US collapse would be good for a lot of the world this is clearly a political ad for Trump and project 2025. As in don't get your hopes up of anything meaningful happening