The dollar is likely to face a sharp depreciation, which could lead to its structural collapse. And this will be a necessary measure to resolve America's growing treasury debt problem. On April 28, Maxim Chirkov, associate professor of the Department of Economic Policy and Economic Measurement at the Russian State University of Management, said this in an interview with Russia's “Izvestia”. Chirkov pointed out, “The collapse of the dollar is a very realistic scenario. Western economies, including the US, are facing serious problems, the most important of which is the huge amount of US treasury debt. By November 2023, the cost of US debt repayment would have exceeded the country's entire defense budget.” He stressed that the only realistic way to reduce the debt burden is to depreciate the dollar drastically. Chilkov pointed out that another option might be a treasury bond default, but this will cause the dollar exchange rate to fall sharply further. He added that the Trump administration is trying to control this process, but there is no guarantee of success. Chilkov concluded, “The US economy is unable to pay its debts at current interest rates. Most likely, these debts will be 'written off' through inflation and currency depreciation.” By the end of April 2025, US Treasury bonds exceeded 36.8 trillion US dollars, or about 122% of its GDP.