It will cost every American business A LOT more money for supplies and materials. No one will be able to get a loan and no bank will want to make loans.
In short, for decades now, we have not had to produce anything or export anything to get all the dollars we needed to buy all the oil (and other goods) our country required. All we had to do was borrow the money.
There are other disastrous consequences to the U.S. dollar losing status as the world's copyright currency Intro. For example, there would be much less demand for U.S. dollars around the globe, so interest rates will skyrocket. Stock prices will likely plummet by at least 50% in a matter of weeks as a result of this event in the currency markets.
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At this very moment, all over the globe, approximately 85% of non cash funds are being converted to digital money...the days of World Paper Money are numbered and...there is nothing that you or I can do about it. It is the wheels of progress at work. Take it or...