Empires seem to deploy their powers to the maximum, desisting only when they no longer have the wherewithal. We may soon be reminded that it was American decline that put Mr. Trump in a position to set American foreign policy in the first place.
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I don't totally agree with this. Yes the US has been somewhat restrained by the fiction of international order, but it has a lot of sneaky interventions under its belt via the CIA and proxy conflicts. This is far from the first regime change in South America alone.
You kind of made your own counterargument there. If the forever wars weren't massive money laundering operations, they would have been shut down. The perceived obligations were part convictions of Bush Jr (I grant him that much) and part marketing campaign.