The U.S. no longer has the economic or military power to maintain itself as the dominant global power, but the U.S. power structure is not ready to accept that truth. From Observer R at thesaker.is:
The documents issued by Russia in December 2021 (the so-called “Not-Ultimatum), concerning modifications to the security architecture in Europe, have created a considerable sensation in the diplomatic and military worlds. Russia politely requested that NATO confine its activities to its location as of 1997, and keep out of the former Warsaw Pact territory. This was to abide by the promises that the United States made to the Soviet Union at the time that the Soviets agreed to disband the Warsaw Pact. Both the United States and NATO responded negatively to the initiative, but agreed to hold negotiations with Russia during the week of January 11-14, 2022.
During the negotiation period many commentators have opined that the intellectual quality of the US official statements and the US think-tank products could be improved. Perhaps all is not lost, however, as at least some US officials have grasped the changes in Russian weapons and the Russian economy that make it necessary to sit down and do serious talking. For example, the top US general has announced that the world has moved from a unipolar setup to a multipolar one, and that the US is now only one of the poles, the others being China and Russia. The US general has engaged in “deconfliction” talks with the top generals of China and Russia—presumably to try and ward off any mistakes that could wind up frying the world to a crisp. In addition, the head of the CIA has allowed the CIA Fact Book to be published publicly showing that China and Russia are much higher-ranked in GDP than most politicians and pundits in the US give them credit for. China is significantly out in front, and Russia is sixth and closing in on fifth place. Finally, a former First Lady and Secretary of State has written that the massive US aircraft carriers are to a large extent obsolete and that the F-35 fighter jet does not live up to expectations. There is a widespread feeling that the US is behind the Russians in hypersonic weapons, air defense, and probably electronic warfare also.