Dollar lost the status of world currency

The main concern in this day for US and western countries was affect on their economy due to Middle East crisis. It is very strange to know that western world always want to bring peace in middle east on the same time they sale military hard ware to middle east countries. If they really want to brings peace than they stop military hard ware sale in Middle East. This step easily brings peace in this area. War and peace both are based on economy. Lets’ explain this USA and UK , these two countries are the main oil producer from middle east. Oil pricing decided on dollar basis, which help to boost US economy. Each country needs to reserve a lump sum amount of dollar to purchase oil. Middle east Govt. and sheikhs deposits their oil exporting reserve in US banks and securities ,which again increase the demand of US dollar.USA again sale their military hard ware to this OPEC cartel, that means they pay dollar for oil and earn dollar for selling military hard ware.US support Iraq till they dealing in dollar and purchased US military hardware ,but they become enemy after Iraq getting Russian military hardware and selling their oil in Euro in place of US dollar.US missile defense and most air craft’s sail in middle east area to protect US interest there. US again going to interfere in Ukraine incidence ,when Russian declare that they sale their fuel reserve other currency also in place of dollar.US advising Israel to stop war in philistine ,but they never directly interfere to stop war, as they know ,that due to Israel fear most of the middle east countries purchasing US military hard ware. US economy already runs in fiscal deficit. The dollar lost his glory, Euro is already giving a tuff competition .Asian countries are also trying to use a new currency in East Asia. Brics courtiers already declare the foundation of Brics bank as like International Monetary Fund. Middle East oil reserve is continuing reducing and in near future all countries need to depend of other source of energy. On that time US economy face a big setback and dollar lost the world currency status.