This is bad news for Americans.
As President Biden’s inflation, better known as Bidenflation, continues to soar it means bad news for the dollar which recently dropped in value.
According to Fox, The American dollar has now dropped in value for three straight sessions. It has also given up its recent gains since the Federal Reserve has warned that strong interest rate hikes are coming in the next few months.
Sadly, the dollar has now dropped lowest level when compared to the Euro since November.
Consumer prices also surged by 7% last month making it the highest rate since 1982 and producer prices jumped by a whopping 9%.
The dollar losing value is a strong indicator that investors are losing faith in the American economy and that can be directly related to President Biden’s shaky leadership.
The weakening dollar could and likely will result in even more government debt if Biden doesn’t do something fast.