The Dollar Senior Edge and the Power Pyramid of Value Transfer

At the top of this whole pyramid is the dollar senior edge, right? So the fact that it's all of this power pyramid is the base and at the very top of it is the ability of the US. There are those who argued like the Indian research unit on political economy that argued that this was one of the main causes of the US invading Iraq in 2003 when Saddam Hussein switched to trading oil in euros. The constant pressure on people like Chavez or Correa or those movements in Ecuador and Venezuela who are punished goes haywire when they start talking about changing the currency basis.