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HUGE John Kerry Says The US Dollar Will Collapse China Currency War And Explosion

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Published on Aug 12, 2015

Washington may lose the support of the EU in Ukraine, should the States refuses to implement the nuclear deal with Iran. This may also collapse the US dollar as a reserve currency, Secretary of State John Kerry said in New York as he was promoting the deal with Iran.

"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."

As the US Secretary of State said, EU member states may no longer support the sanctions against Russia should Congress does not approve of the Iranian deal. The US dollar would thus lose the status of the reserve currency.

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Published on Aug 12, 2015

Washington may lose the support of the EU in Ukraine, should the States refuses to implement the nuclear deal with Iran. This may also collapse the US dollar as a reserve currency, Secretary of State John Kerry said in New York as he was promoting the deal with Iran.

"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."

As the US Secretary of State said, EU member states may no longer support the sanctions against Russia should Congress does not approve of the Iranian deal. The US dollar would thus lose the status of the reserve currency.

I read about this two weeks ago. He never said it will he said May and If.  A lot of things would have to come together also. First of the deal would have to be rejected second US would have to apply sanctions against everyone doing business with Iran if the deal is rejected .

 

 CNN had a pretty good article on it .

 

"

Recently, Kerry and Obama have argued that if the Iran deal doesn't pass, the U.S. would be forced to slap sanctions on anyone doing business with Iran going forward. That could be some of the world's largest banks or even our allies in Europe or China if they forge ahead with the deal and America doesn't. 

That would not go down well. The fear is that these nations and banks might retaliate by ditching the dollar as their currency of choice.

Recently, Kerry and Obama have argued that if the Iran deal doesn't pass, the U.S. would be forced to slap sanctions on anyone doing business with Iran going forward. That could be some of the world's largest banks or even our allies in Europe or China if they forge ahead with the deal and America doesn't. 

That would not go down well. The fear is that these nations and banks might retaliate by ditching the dollar as their currency of choice. 

Here's President Obama explaining it in an August 5 speech at American University:

"We'd have to cut off countries like China from the American financial system. And since they happen to be major purchasers of or our debt, such actions could trigger severe disruptions in our own economy and, by the way, raise questions internationally about the dollar's role as the world's reserve currency," he said.

Traders scoff: Replace the dollar with what? The yuan? 

No question, such a situation could get ugly, but experts say the dollar isn't going anywhere. 

What, after all are the alternatives? The euro? The Japanese yen? China's yuan? Bitcoin? They just aren't ready for that prime time role.

"The euro is too young and has suffered for Greece's long troubles," says John Kicklighter, chief currency strategist at DailyFX. "The Japanese yen is mired in decades of deflation in part due to fall out of its savings and loan crisis, and China proved again that the yuan is not ready after its large devaluation." 

The world received another reminder today of just how far off China still is from being a world reserve currency after its central bank devalued its yuan about 2%overnight with more or less a hand wave.

The dollar is especially strong right now because people trust it. Iran deal or no deal, that's unlikely to change."

http://money.cnn.com/2015/08/11/investing/iran-nuclear-deal-us-dollar-kerry/

 

I will agree there is a remote possibility that it could happen. But it is not breaking news  nor are his comments  any type of prediction. 

 They are threat and hyper pole by a politician lying to the public to try to get   The deal approved that the vast majority of Americans disagree with .

 

 

this next comment is not meant at you just in general.

 

 It amazes me how people will claim all politicians lie, don't trust them, don't believe them. But when they state an opinion the same people find favorable they hold it up as absolute truth ?


 

 

 

 

 

 

 

 

 

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