You know damn well HIP-HOP in the USA has fell way the fuck off as the American dollar and much of America itself

from Chuck D – Chuck D’s Open Letter On Media, Messages & Pimps Lyrics on Rap Genius

Meaning

First he talks about how the quality and influence of Hip Hop music has fell off in the recent years.

Then he refers to how the American dollar is “falling off”

But it’s not just the dollar he’s talking about, recently in the past few years U.S. has been falling politically, socially, economically and isn’t even considered a Superpower anymore, China’s got us beat by a lot!

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