Today, the biggest enigma in the world is whether the United States is in crisis at all, or how severe the crisis is. Will this empire recover from the crisis once again, or will it never recover from this point on?

Recently, American experts and media have once again issued warnings that the U.S. economy will fall into a century-long crisis, and this disaster will start from a huge economic recession.

The United States today does not seem to be a normal country at all, or if it were any other country, it would have collapsed long ago when encountering so many problems at once.

Even a dead camel is bigger than a horse, and this powerful empire still has a strong foundation.

We can easily count and understand how deep the current crisis in the United States is. The most serious issue is that both the foundation and the superstructure of the U.S. economy have problems at the same time.

We often say that the basis for a country to create wealth is manufacturing. How much healthy manufacturing does the United States still have?

The three major automobile companies are constantly facing major strikes, and even giants like Boeing are constantly encountering problems.

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Some people say that the United States no longer needs manufacturing, and as long as they can still print dollars, they can still buy the whole world.

First of all, this argument is not valid in any economic theory. It is obvious that if the United States only has dollars and no other wealth creation mechanisms, the currency loses its underlying assets, and the dollar will eventually become waste paper.

Even if this argument could be established, what if the dollar itself also encounters problems?The superstructure of the U.S. economy is finance, and the core of American finance is the dollar and U.S. Treasury bonds. Now, they are both facing significant problems.

The issue with U.S. Treasury bonds is apparent; the scale of $35 trillion is too large, and the Ponzi scheme model of borrowing new to repay old is unsustainable.

Another hidden problem with U.S. Treasury bonds is that the proportion held by foreign investors has fallen close to 20%, with nearly 80% of U.S. Treasury bonds needing to be absorbed domestically. Faced with the massive amount of Treasury bonds annually, even the wealthiest American capitalists cannot support it indefinitely.

Everyone is waiting to see when the U.S. Treasury bond system will collapse.

The problem with the dollar lies in the fact that the underlying logical system on which it exists is facing disintegration again, and Americans have not yet found a solution.

After the collapse of the Bretton Woods system in the 1970s, the two pillars of the new dollar system were oil and U.S. Treasury bonds. Oil was responsible for addressing the world's demand for dollars, while U.S. Treasury bonds were backed by the U.S. national credit.

This is entirely a credit-based monetary system, and when credit no longer exists, the dollar will also vanish.

What the dollar is facing now is the nominal existence of petrodollars and the crisis of disintegration of U.S. Treasury bonds.

When an empire is about to perish, it is never just one crisis but multiple crises that erupt simultaneously.

At this very moment, the United States has encountered a crisis in its ideological and cultural sphere. On one hand, the beacon of democracy and freedom is tottering, and on the other hand, student movements have triggered the emergence of anti-Semitic consciousness bills, directly tearing the United States apart on the ideological level.So many issues, it seems that a real crisis may be on the horizon for the United States, with even Americans themselves continually issuing warnings.

According to a report by CNN on the 25th, the U.S. economy is currently emitting strange odors. On one hand, the unemployment rate is at a relatively low level, and on the other hand, an increasing number of people are burdened with high levels of credit card debt.

These strange and dangerous signals have made economists reluctant to endorse "economic health," with some economists warning that if the U.S. economy continues on this path, it may head towards a recession.

Some experts have indicated that the Federal Reserve's stated goal of reaching a 2% inflation rate appears to be a lengthy process. It is feared that before that time comes, the U.S. economy may collapse first.

EY's Chief Economist, Mark Zandi, stated that consumption is one of the "three engines" driving economic growth. Retail reports show that consumers are "more cautious," with consumer spending beginning to slow down significantly, which will have a more negative impact on the economy.

Moreover, private debt in the United States is even more terrifying than U.S. government debt. Under the dual pressures of persistent high inflation and high interest rates, the savings accumulated by many people in previous years have almost entirely evaporated, leading to an increasing number of credit card debts that cannot be repaid on time.

Professor Sun Sheng Yuan from Loyola Marymount University said in a recent report that the continuous rise in consumer debt levels and default rates could have a detrimental impact on the macroeconomy.

Ultimately, these combined effects may lead to a more comprehensive economic slowdown, or even a recession.

These issues erupting in a very short period of time seem ominously like the collapse of an empire, yet the United States remains resilient. Why is that?

Perhaps the time has not yet come, and it is difficult to say clearly at present. We can only say that a century-defining crisis for the United States may truly be approaching.Of course, it is also possible for the United States to recover from the crisis, as has happened many times in history, which would mean a massive cleansing of wealth. On one side, many people would profit from it, while on the other side, even more families would suffer from financial ruin.

Some experts believe that, based on current trends, only two industries will ultimately benefit: finance and technology.