The Phaserl


John Kerry: Dollar’s Precarious Reserve Status “Bubbling Out There;” US Dollar Could Lose Reserve Status If US Sanctioned Allies Over A Failed Iran Nuclear Deal

from The News Doctors:

Speaking with Reuters last Tuesday, US Secretary of State John Kerry was unusually frank. Asked about what might happen if Congress failed to support the Iran nuclear agreement and what the US might do if allied nations also failed to support the agreement, Kerry was asked about the possibility of sanctioning allied nations. What followed was surprising. Normally, one might think of economic pain and declining export markets as a likely top concern. Instead, Kerry is apparently cognizant of the precarious state of US dollar reserve status, so much so that it was the first thing he mentioned.

SEC. JOHN KERRY: Are you kidding me? The United States is going to start sanctioning our allies and their banks and their businesses [who do business with Iran] because we walked away from a deal?

And we’re going to force them to do what we want them to do — Even though they agreed to the deal we came to?

Are you kidding?

That is a recipe, quickly, my friends… for them to walk away from Ukraine.

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