the US are attempting to route around national governments by selling their treasuries indirectly to their citizens, who either want access to dollars for store of value (over their own inflationary currencies) or for international trade and remittances, they intend to uphold demand for US treasuries, meaning they can continue the Ponzi scheme by paying off old creditors with the income from new ones, thereby exporting US inflation
Thanks for this reply, this section especially makes a ton of sense