America's economic power, has been based on the petrodollar. The entire world's economic growth hinged on oil, which formed the basis of dominance of the petrodollar. Until 2019, countries like Russia, China, Venezuela and Iran were working on (successfully) to cut out the petrodollar from the equation. This caused an enormous strain on the American economic power status. Threatened by this, america went about attempting to fight back the resistance put up by Russia and China. With regime change attempts in Syria and destruction of Libya. America even used Saudis to kill the oil market with over production of oil, in order to hurt Russia as badly, possible. Furthermore, it even ramped up it's own oil production with fracking tech. All in all, America's attempts to stave off threats to the petrodollar, failed miserably.
Today, not only the petrodollar is weakened, but also other means and mechanisms which America uses to exert it's economic power, are now weakened. With Russia establishing an equivalent of the American owned International Payment System and China establishing the counter to American World Bank & International Monetary Fund. Even Iran has bypassed some american sanctions. All of this when american trade war on China have born no favorable results.
$26 trillion public debt, $50 trillion debt in the private sector. Oil industry has sunk in an irreversible debt spiral, following the systematic culling of oil prices. 26 million americans are unemployed, and rising daily. Meanwhile the u.s military is given $700 billion chunk to carry-on with it's enormous, disproportionate size. All this points to one clear indication, that america will collapse by virtue of it's unsustainable military size, insatiable appetite for consumption via accumulation of debt and it's Achilles heel which is the petrodollar. The end is near for the american empire, and like all empires before, it is struggling against the tide, gasping to stay relevant, like a fish out of water. A lot of alleged educated fools will claim that america will come out from this unscathed. But the reality is that america's end is all but certain. No matter how hard they try it's game over for america!