There is ;a lot of truth in this presentation. While the U.S. has been spending 10's of trillions, over the past half century, trying to "police the world", China has been capitalizing on its cheap labor to build an economic global empire. Half the products we buy, anymore, come from China and the industries it controls in the Far East....and increasingly, even here.
The Last time our military efforts proved superior was WWII. Ever since...in Korea, Vietnam, and most lately, Afghanistan, our actions have been little other than a waste of U.S. lives and resources.
China, and its dictatorship is focused on becoming the largest economy in the world, while our governments priority is centered around the interests of the political parties, and the endless bickering between them.
I often feel that history will record the 20th Century as the peak of U.S. "status", and we are now in the early stages of Mediocrity, and decline.