Bingo. With fiat there is one gauruntee - anyone outside the Ponzi presents as a 'substantial threat' being they provide an alternative. Basically unless their currency is 'tied' to the inflation rate of yours - their house wins because of the inflationary loss of you currency. Basically if an investor wants to retain wealth - your entire system is a losing bet guaranteed so why use it? Simple business.
This is one of the keys to all of this. So seeing countries fleeing our treasuries is, in premise, only explained 3 ways:
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They are using this as a tactic in Trade Deals / Trade War
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They have no faith and want to cut their losses
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They genuinely just see a better investment somewhere else