A decade ago, I would have dismissed that statement as a wild, fringe theory. Not any more. I believe there are those in Wash-DC that know a tipping point is at hand. And there are those there that are in denial.
If the govmint is planning for the "worst of times", then you can bet that they will screw that up royally. As the pattern continues, Fedzilla will take a rotten situation and mess it up beyond all repair. It's going to be a rough ride.
He endlessly uses the technique of scape-goating the "1%," just as Hitler scape-goated the almost 1% of the German population that were Jewish. He has regularly followed the Saul Alinsky recommendations for revolutionary triumph in America. He even advocated building up an alternative to the career military, early in his Administration.
The intended "tipping" for the tipping point that you suggest, is what some others have described as a Reichstag Fire moment. It is a frightening prospect; but nothing out of Washington since 2008 is very reassuring.