> It's happening all over the western world.
It's not really happening in the US. The US economy remains strong and may not even go into a significant recession in the next year.
The US dollar remains the world reserve currency and allows unparalleled monetary and fiscal policy freedom. No-one is losing confidence in the dollar the same way they did in the pound.
Inflation is coming down in the US and it's in a fantastic place in terms of energy and food security.
The decline of "the West" you refer to is really the decline of Europe.