Do a google on "World Reserve Currencies." Then read about what happened to the UK when the pound lost WRC. Not a very pretty picture. Already there are some countries that are dealing in gold only. Not a good sign. I hope that the current administration does not mess around and the $ loses WRC status. If that happens, our way of life will change quickly and not for the good.

See as of now, the cost of oil has no bearing on us. They raise the price, we crank up the presses and print more dollars. Now if another country wants oil, they have to first buy our dollars then buy the oil. When the dollar loses WRC status, that will not be the case. So whatever replaces the dollar, we will have to buy to buy the oil. We lose, someone else wins.