Speaking with Reuters on Tuesday, Secretary of State John Kerry said that if Congress rejects the Iran nuclear deal, “that is a recipe, very quickly, my friends, businesspeople here, for the American dollar to cease to be the reserve currency of the world, which is already bubbling out there."



Some opponents of the deal have argued that if Iran will not agree to a better deal, the U.S. should unilaterally reimpose sanctions on Iran's economy.





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, very quickly, my friends... for them to walk away from Ukraine.



Where they are already very dicey and ready to say they have done their bit.



They're ready to say, "we're the ones paying the price for your sanctions."



It was Obama who went out and actually put together a sanctions regime that had an impact -- I went to China. I pursuaded China not to buy more oil.



We pursuaded India and other countries to step back.



Could you imagine trying to sanction them after pursuading them to put in place sanctions to bring Iran to the table, and when they have not only come to the table but they made a deal, we turn around an nix the deal, and then turn around and impose the sanctions anyway.



That is a recipe, my friends, businesspeople here, for the American dollar to cease to be the reserve currency of the world, which is already bubbling out there.





Is Kerry setting the ground work for blaming Congressional Republicans for this calamatous possibility that is "already bubbling out there?"(Hat tip Washington Free Beacon