Joe Biden is dethroning King Dollar in real time. The US dollar’s financial dominance is under siege from a uniquely bad combination of foreign and domestic policies, and Americans should be deeply concerned by the fallout if the dollar loses its 80-year reign as the world’s reserve currency.
In just the past weeks, China conducted the first major LNG sale in renminbi instead of dollars, struck a major deal with Brazil to conduct trade in their own currencies, and just announced the sale of 65,000 tons of LNG to France denominated in yuan. This dovetails with the Biden administration’s inflationary policies and ham-handed sanctions on Russia that accelerated foreigners’ flight from the dollar at the very moment the world doubts if the dollar remains a safe and reliable store of value.
Gov. Gretchen Whitmer is expected to pitch spending $500 million of additional federal taxpayer money on private companies that produce electric vehicles (EV). The governor will discuss her proposal on Wednesday at 11 a.m.
However, it’s unclear if general economic development is an approved use of federal COVID dollars under U.S. Treasury guidelines.
The Detroit News first reported the story.
A majority of voters support school choice, a new poll from Echelon Insights shows.
Among more than 1,100 registered voters surveyed, 65% support school choice compared to 19% who oppose it, while 16% remain unsure.
The findings were consistent across party lines, with 75% of Republicans, 60% of independents, and 61% of Democrats saying they strongly or somewhat support school choice. Most voters in both parties agree parents should control all or some of the tax dollars they pay for education.