Good question. However the benchmark of growth and prosperity is the accrued wealth of the US dollar.
Several attempts have been made to displace and dislodge the US dollar(Euro and Yen for examples).
Reality is that the vast industrial and technical platform which continues to accrue value upon the dollar is light years ahead of any other national value or currency.
Amazing yet true.
"We The People" must learn and appreciate the enormous wealth of this nation along with the responsibilities.
I assume what you mean is that if everybody buying oil globally began trading oil in Euros or something other than dollars?
If that happened, the US Dollar would fall like a rock. The reason is that everybody globally who wants oil as to first buy US Dollars to purchase it. That generates demand for Dollars. Should that demand dry up, sellers would most likely out number buyers and the dollar is toast.
Good question. However the benchmark of growth and prosperity is the accrued wealth of the US dollar.
Several attempts have been made to displace and dislodge the US dollar(Euro and Yen for examples).
Reality is that the vast industrial and technical platform which continues to accrue value upon the dollar is light years ahead of any other national value or currency.
Amazing yet true.
"We The People" must learn and appreciate the enormous wealth of this nation along with the responsibilities.
I assume what you mean is that if everybody buying oil globally began trading oil in Euros or something other than dollars?
If that happened, the US Dollar would fall like a rock. The reason is that everybody globally who wants oil as to first buy US Dollars to purchase it. That generates demand for Dollars. Should that demand dry up, sellers would most likely out number buyers and the dollar is toast.