Obviously keeping oil flowing from the middle east is a cornerstone of US policy, and it is important for our allies in Asia and Europe too. But the currency w

Obviously keeping oil flowing from the middle east is a cornerstone of US policy, and it is important for our allies in Asia and Europe too. But the currency wars concept is silly and unsubstantiated; in today's global forex markets it is trivial to shift from dollars to euros or whatever you want before or after trading for oil. There are a lot of reasons the dollar is the global reserve currency, and if US policymakers were truly concerned about the dollar you'd see different fiscal and monetary policy in Washington-- instead we are doing everything in our power to debase the dollar and increase the dollar price of oil.