it has full backing of the US gov.

Gov, yes, MAGA base, no. The MAGA base, including people like Bannon, are at odds with the tech oligarchy. While the tech bubble strains markets and eventually wrecks them, Trump’s love of the broligarchy strains his base. Both will hurt almost everyone, but I’d like to think no-one will feel the brunt of this madness more than the US admin as the US economy trips over its own hubris.