Summary
This quote suggests that the American empire is in a critical state, teetering on the edge of either survival or demise. It implies that the empire is facing significant challenges or threats that pose a potential danger to its existence. The use of the word "hovering" implies an uncertain and precarious situation, where the outcome is uncertain and could swing either way. It captures the notion that the American empire is currently in a critical transitional phase, facing profound existential uncertainties.