Kind of obvious. When W. Bush took office, Iran, Iraq, and Venezuela were all threatening to stop using the US dollar for oil sales - all three were branded as part of the axis of evil and we started overt or covert military operations against all three countries.
Whether the huge military budget for protecting the dollar as the reserve currency of the world was a good strategy is still an open question. (But my guess is that given more historical perspective in 5 years, or so, it will look like a bad strategy.)
Comments
Kind of obvious. When W. Bush took office, Iran, Iraq, and Venezuela were all threatening to stop using the US dollar for oil sales - all three were branded as part of the axis of evil and we started overt or covert military operations against all three countries.
Whether the huge military budget for protecting the dollar as the reserve currency of the world was a good strategy is still an open question. (But my guess is that given more historical perspective in 5 years, or so, it will look like a bad strategy.)