By Nirmal P. Acharya The US Federal Reserve announced an interest rate cut by 50 basis points last Wednesday. The US dollar rate cut is an important symbol of the failure of the US financial war against China, the three major economic wars launched by the US, following the failure of the trade war and the scientific and technological war, the financial war has not completed the expected goal of defeating China. This is not an ordinary, temporary defeat for the kind of financial warfare in which America excels. In the future, the US may no longer be able to harvest others on a large scale through financial warfare. Of course, the 50bp rate cut is political, however, rate cuts won’t stop the recession in fact they will just turbocharge inflation. The US is already a deindustrialized country that must be fed by other countries to maintain the internal stability and external decency of the American empire. The US can only turn its hungry eyes to China because only China's size can provide sufficient supplies for the US. The Federal Reserve has raised interest rates 11 times in four years, with the benchmark rate continuously increasing from 0% to 0.25% to 5.25% to 5.5%. What kind of behavior is that? To put it bluntly, it is to pull down China in order to harvest China so that the US can survive in the era of chaos. The US is engaged in textbook financial warfare against China. However, China withstood the offensive of the US with its superior system, huge size, and complete and strong industrial chain. As a result, the US could not bear it and began to cut interest rates. History will show that the US suffered a textbook financial failure. The US has only one card left: a direct military strike against China. But is it possible for the decaying, deindustrialised US Empire to defeat China, with the world's greatest industrial capacity, 1.4 billion people and vast territory? What puzzles me most: Are the political elites who have pushed Nepal into the US Indo-Pacific strategy by introducing the MCC smart or stupid?