The American financial crisis is essentially a structural risk inherent in international financial monopoly capitalism. This form of capitalism was jointly constructed by the IT and Internet revolution, neo-liberal ideology, and the international financial and monetary system designed to serve international financial monopoly capitalism. It is the form in which capitalism manifests itself in the era of globalization. In responding to the crisis in the real economy brought about by the fundamental contradictions of capitalism, artificially magnifying the malign inflation of the virtual economy and making the virtual economy throw off its dependence on the real economy,the parasitic nature of international financial monopoly capitalism has intensified. The financial crisis sweeping the globe is the inevitable result of the intensification of the fundamental contradictions of international financial monopoly capitalism. Editor: Zhou Miao