May 27, Kathmandu- As inflation in the United States continues, government debt levels reach explosive levels, and the Chinese Communist Party (CCP) accelerates trade deals in other currencies, global economic changes are certain to occur. Likewise, the weakening of the US dollar in global trade and finance is accelerating.

According to experts, it is difficult to predict the economic and political effects of the possible decline in the position of the dollar as a global reserve currency. However, according to experts, it is sure to be very dangerous.

In fact, when the results are seen, they could prove disastrous for American consumers as their spending power evaporates. Economists are currently raising questions about America's debt, which has caused tremors in the financial sector around the world.

Many analysts warn that the CCP and other anti-Americans are actively advancing a global effort to weaken the dollar. However, current and former US lawmakers and policymakers have also blamed the Biden administration, US government spending, and the Federal Reserve's monetary policies.

"The dollar is clearly at risk from foreign adversaries who want to challenge American power and domestic idiots who believe there are no spending limits on American credit cards," Economic War Room host and economic warfare official Kevin Freeman said in an international newspaper.

In comments published in the newspaper, Freeman, who assists top U.S. military officials and policymakers, singled out powerful CCP leader Xi Jinping and Russia's Vladimir Putin as foreign adversaries seeking to weaken the dollar.

"Saudi Arabia, Africa and many powers in Latin America have joined the "anti-dollar cabal" in recent months, but the US government also deserves some of the blame for the developments," he added.

"Unfortunately, we're making it easier for them to act on that threat, with massive debt increases, an erratic foreign policy and Washington's arrogance ignoring the threat," Freeman said. Freeman also serves as a senior fellow at the Center for Security Policy.

Several members of Congress who spoke to The Epoch Times expressed concern about the role of the Biden administration in weakening the dollar. Experts have widely accepted the possibility that the US dollar may lose its status as the global reserve currency. They are divided on what this could mean for the American economy and the American people.