Joe Biden’s “War” on the Dollar
A former leader of the Tea Party movement and legislator uniquely knowledgeable about U.S. fiscal policy and taxation issued a sobering warning yesterday on Steve Bannon’s War Room Pandemic program.
Michele Bachmann declared, “We are now facing an act of war against the people of the United States.” Specifically, she accused the Biden-Harris administration of mounting an effort to “bring us down” by advancing a succession of spending bills that will “bankrupt the country” and “destroy the value of our dollar.”
Eliminating the dollar as the world’s reserve currency would have those effects – advancing a top goal of Joe Biden’s friend, Chinese dictator Xi Jinping. For his part, Xi is promoting, among other alternatives, a new China-backed cryptocurrency.
Before another budget-busting Biden bill is enacted, we need to establish whether it will help the Chinese destroy the dollar, and America.
This is Frank Gaffney.