Wow, I bet Venezuela wishes as a country that they did not announce the intention to sell oil in any currency. No one, apparently, is allowed to stop using the US dollar as the reserve currency.

As a reminder: early in George W Bush’s presidency, Venezuela, Iran, and Russia all announced that they would sell oil in any currency and almost immediately they were labeled “axis of evil.”

We in the USA benefit from owning the reserve currency it I am always surprised at how long we have kept this advantage.