Since nearly everything is tied to the global economy, does this mean we’ll miss out on any profits from transactions between those countries?
It means missed out profits for Goldman Sachs and other similar mega-transaction clearing houses and banks, but not American private enterprise, at least none I can think of.
But, it does mean that Iran, North Korea, and Venezuela, and any other country with access to Russian or Chinese money can now deal *among themselves* without any fear of having their American-jurisdiction bank accounts frozen.
Scenario: Iran sells oil to China, China pays Iran in yuan. Iran buys SAMs from Russia with Chinese yuan (now in a Russian yuan-denominated account) which Russia can turn around and use to pay China for missile technology, which China can now use to pay Venezuela for an oil lease...
No USA anything in there, anywhere.
This is the fastest way to become the new hegemony: Create a money system that enemies of America can use to buy and sell oil, food, and weapons. And let's face it, every country on earth either already is or is one election away from being an enemy of America.
And all because Soetoro has effectively destabilized the dollar beyond the point of repair.