The US going down like UK is not going to happen

Both USA and Soviet Union played a big role in the death of British empire.

Increasingly Britain played a subordinate role until it had essentially handed off its neocolonial ties to the US and become the lapdog of the US

By 1960 the US was a debtor nation. After the world financial system moved off the gold standard the US insisted that the world trade in petro dollarsand made it plain to Iran and Saudia Arabia that it meant war if they dared trade in anything else.

The consequence is a bankrupt nation demanding that other countries cycle their capital into USD.

“Never before has a bankrupt nation dared insist that its bankruptcy become the foundation of world economic policy; that, because of its bankruptcy, all the nations what their economies transferring its bankruptcy to themselves, stultifying their industries, and paying tribute to the beggar.”

“Effectively speaking, the United States has compelled the older nations of the West to pay for the overseas costs of the US war in Asia. Whatever they may desire, the central banks of Europe had no choice but to continue to except the paper dollar equivalents annually created as the domestic and overseas deficit of the United States increase. Otherwise, the whole of shaky structure of the world monetary system will collapse into rubble. America has succeeded in forcing other nations to pay for its wars on a systematic basis, something never before accomplished by any nation in history .”

https://michael-hudson.com/wp-content/uploads/2010/03/superimperialism.pdf

In Michael Hudsons Super Imperialism Michael goes through this entire process for brevity it means the US can essentially print as much money as it likes whilst having its imperialist wars paid for by Europe like mafioso racket who in turn had to issue austerity against their own people

What does this mean for US empire? Its debt is at sky rocket levels and the only reason the world allows it is because... points to the US military budget

Meanwhile China is playing a deeply progressive role in financing infrastructure and loans across africa and ME and bringing both stability, wealth and prosperity and an alternative to neoliberal world bank and imf which play the role of indebting nations then forcing their local resources to the US

China holdsthe most US debt butboth Russia and China are getting rid of their dollars and with the rise of China they are cutting into US imperialisms pie

To put it bluntly imagine a house of cards built off US dollars. Each dollar pulled out causes inflation which means US military is more expensive to finance which is the gun pointed at the worlds head to prop up this ridiculous process. At the end of this process US will have no gun

Each one pulled out by China will not be a slow process... It will be a tipping point then the entire house falls down into hyperinflation with a currency thats worth nothing

"China will gradually decrease its holdings of US debt to about $800billion under normal circumstances. But of course, China might sell all of its US bonds in an extreme case, like a military conflict," Xi Junyang, a professor at the Shanghai University of Finance and Economics told the Global Times on Thursday”

(Note it is not just a "professor" saying this. GlobalTimes is the CPCs main outlet and this was on the front page)

https://www.globaltimes.cn/content/1199833.shtml

The US (i believe) will go to war to maintain its status quo and it can either go to war with a small % chance of maintaining status quo or it can die a death of a thousand cuts and collapse in a cascade anyway. If i were chapos i would be organising yesterday because imperialism turned inward is fascism

But China’s renewed determination to dump both dollar denominated bonds and dollars is a developing crisis for America and the Fed’s monetary policy. We can expect further threats to materialise from the Americans to China’s ownership of US Treasuries and agency bonds. It is a situation that could threaten to escalate rapidly out of control before China has disposed of the bulk of her dollar-denominated bonds.

The certain victim will be the dollar. And as the dollar sinks, China will be blamed and tensions are bound to escalate between China and her Asian partners on one side, and America and her security partners on the other. The start of this additional crisis was the turning point last March, when the Fed publicly stated its inflation credentials. With nearly $3 trillion in its reserves, it is not surprising that China is acting to protect herself.

With so much dollar debt and dollars in foreign ownership, it is hard to see how a substantial fall in the dollar’s purchasing power can be avoided and the Fed’s funding of the budget deficit badly disrupted.

https://www.goldmoney.com/research/goldmoney-insights/china-is-killing-the-dollar