The biggest issue facing the US is that US government will have to drop 50% of the federal budget. A few months back the fed was asked if they would buy T-bills and they said they would not. Due to banks holding most loans under 5% interest rate. Most would be in line to fail. The fed is doing 2 trillion reverse repo. So banks can buy in at the current interest rate. So banks have no risk. Banks will not buy a T-bill under the current 5%. The government had 20Years of very low-rate China and Fed would let the treasury borrow at a very low rate not anymore
The Fed declared war on the Government When the treasury on every omnibus bill has authorization for a treasury backed digital currency. It has been striped from every legislation so far This would wipe out the banks no need for them