U.S. Rep. Devin Nunes (R-Calif.), the ranking Republican member of the House Intelligence Committee.
Since President Biden took office, his China policy has been one of the focuses of attention. On Sunday (18), Rep. Devin Nunes (R-Calif.), the ranking Republican on the House Intelligence Committee, criticized the Biden administration’s foreign policy and said that one of the main goals of the current Chinese Communist Party is to devalue the U.S. dollar.
On Fox News Channel’s “Sunday Morning Futures,” Nunes said Sunday that he believes Biden’s foreign policy is “speak loudly and carry a twig. carry a twig. Given how the Chinese Communist government practices domestic politics, I’m sure they understand this point.
“Well, the Biden administration seems to be pursuing this policy rather than seeking peace through strength, as former President Ronald Reagan used to say. I think their policy is ‘thunder and lightning’.” Nunes said.
“So, you ask, what does the Chinese Communist Party really want? What the Chinese Communist Party is most interested in is that right now, the United States is the world’s reserve currency. The CCP wants to own that, even though they are also currency manipulators.” Nunes went on to explain that what the CCP wants to do is to get the status of the U.S. currency so that people no longer trust the U.S. currency and so that they will reap huge benefits.
“So what the Biden administration is doing is not really – it’s not really global. It’s also about how much money they’re borrowing here in Washington, and we’re printing money in Washington.” Nunes stressed.
“So the Chinese Communist Party doesn’t take Biden seriously, because the Chinese Communist Party knows how to propagate.” Nunes added, “They understand that the White House and the Democrats – the socialist Democrats – get up every day and they make up stories, and 95 percent of the content of the stories in this country is about the left. They build those narratives. And then, of course, it’s filtered through social media. So the Chinese Communist Party really knows a lot about how this process works.”
Nunes speaks to the mindset of the Chinese Communist government, noting that they’re laughing at the Biden administration because they don’t care what the narrative is here in the United States. All they care about is how to devalue the dollar, and they work on that every day, and the socialist Democrats in the United States help them every day.
After the outbreak of the Communist virus (Covid-19), the U.S. government issued a lot of dollars. The Federal Reserve created more money than all of the U.S. war costs combined, issuing nearly 1/5 of the total U.S. money supply in 2020 alone.
Recently, Senate Finance Committee Chairman Ron Wyden, an Oregon Democrat, and 21 Democratic senators sent a letter to Biden asking him to continue to issue a fourth round of stimulus payments. The letter calls for more “regular, targeted, automatic and stable direct payments” for U.S. citizens. However, data this week showed that annual consumer price inflation in the U.S. jumped to 2.6 percent, its highest level in two years.
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