Kerry: Rejecting Iran Deal ‘a Recipe’ for Dollar Losing Status as World’s Reserve Currency

“Are you kidding me? The United States is going to start sanctioning our allies and their banks and their businesses 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 where they are already very daisy, and ready to say, well we’ve done our bit. They were ready in many cases to say, well we are the ones paying the price for your sanctions. We – it was Obama who went out and actually put together a sanctions regime that had an impact by – I went to China, we persuaded China, don’t buy more oil, we persuaded India and other countries to step back. … We turn around and nix the deal and then tell them, you're going to have to obey our rules and sanctions anyway, that is a recipe, very quickly my friend, business people here for the American dollar to cease to be the reserve currency of the world, which is already bubbling out there.”