Since Joe Biden has been in the White House, he’s gained a well-earned reputation for recklessly spending and forcing the American people to pay the price for it.
Time and time again, Biden’s been warned about the adverse impacts his policies are having on the US dollar, inflation, consumer confidence levels, and the economy at large.
Though when asked after the midterms if he would make any changes in light of people who don’t believe the United States is on the correct track, the president said no.
While Biden no longer has his party totally controlling Congress, he still looks to be on track to totally tank the US dollar, according to Breitbart News.
Another Blow to the Economy
According to Jim Rickards, a former CIA official and Pentagon financial aide, an executive order that Biden signed in March marked the “death” of the American dollar as we know it.
It is Rickards’ position that Biden’s executive order opened the door to the government surveilling individuals’ lives, along with controlling their bank accounts and purchases.
The most expensive Thanksgiving ON RECORD by the numbers:
*Turkey up 21%
*Stuffing mix up 69%
*Frozen pie crusts up 26%
*Whipping cream up 26%
*Frozen peas up 23%
*Rolls up 22%
*Pumpkin pie mix up 18%
*Whole milk up 16%
*Sweet potatoes up 11%https://t.co/93z9sISitJ
— RNC Research (@RNCResearch) November 21, 2022
Because of this, the former Pentagon financial aide says Americans should be aware of the executive order’s allowance of a “spyware” counterpart to the US dollar that can be tracked.
While this alternative version of the American dollar hasn’t yet been put into effect, Rickards believes that it is only a matter of time.
Between growing economic problems and pressure for Biden to take action, the former Pentagon financial aide feels the “spyware” dollar will be the failsafe Biden relies upon.
The One Silver Lining?
Thus far, Biden’s been able to do so much damage with spending because he had Congress fully controlled by his party. This means Democrats were able to (and did) pass multiple pieces of legislation with only votes from their own caucus.
However, with Republicans now controlling the House of Representatives, Biden will not be able to get virtually any and everything passed. The GOP will also be in a position to effectively push back against legislation it deems harmful, especially when it comes to the economy.
Biden mumbles about his plan to lower energy prices: tax credits for new solar panels and heat pumps… just not until next year's taxes. pic.twitter.com/oKEzDEjfGQ
— RNC Research (@RNCResearch) November 18, 2022
Time will tell how the economy fares with a Congress that is split between Republicans and Democrats. At the very least, this will undoubtedly help blunt any future damages Biden might be able to pull off, had the Democrats maintained their majority in the House of Representatives.
Do you agree with warnings that Joe Biden is going to damage the American dollar beyond repair? Do you believe Republicans taking back the House of Representatives will spare the nation’s economy?
In the comments area down below, you are more than welcome to share your thoughts with us regarding how all of this will play out.