It doesn't need to be this way.. another alternative is based upon the Burning of Rome situation a few years ago (maybe a couple of thousand in actuality)...
For major change there needs to be a major crisis.
From what we now know, Covid virus was engineered and the released from a lab.
This allowed governments to lock the masses down, enforce mask wearing in public and this was backed up with major policing of these rules
(reality from Sweden who didn't abide in general is no mass issues but this is another story).
First round - we have control over the majority of people.. Major crisis / Major change.
Scare the people that this is going to cause massive numbers of deaths (and I am sorry for anyone who lost family or friends)
Once there was mass hysteria, the governments allowed an experimental drug to be released into the world.
Governments didn't force anyone to have these but made your lives very difficult if you didn't comply.
A read the other day that Florida is putting out a Bill stating that the vaccines should be classified as Bioweapons.
Another story was a whistleblower in NZ part of the analysis team which released the numbers relating to effectiveness and more importantly that 11,000 high officials and elites were exempted from taking the vaccine. This person was arrested. The government confirmed the information was correct.
I could go on...
After the major crisis of 911, there was a call for more policing of the citizens of the US. The Patriot Act was created allowing the spying on their own citizens and any communications were able to be monitored if criminal or not.
How does my above rant relate to your post...
In relation to a potential debt crisis that is likely to follow, here is the Buring of Rome of the modern day.
Government is about control and the best form is of a financial way.
Let the economy crash via a destruction of the government debts.
The people will scream, save us... The government already has a solution...
The next economic crisis will bring about the 'protection' through the use of CBDCs
I have mentioned previously that CBDCs are already in the US, but these have not been issued to the people as yet.
Jamie Dimon came out in the last few days saying Cryptos should be banned - 8% drop in those last night
Yellen has said they won't be able to save everyone if there is a widespread banking crisis.
When it is allowed to fall, there is the solution to their debt crisis. Bonds will be halved in values and the interest rates will be zero.
It might collapse other global economies also, such as China and Saudi Arabia but you need to break a few eggs I guess.
(20min delay)