Subscribe free to our newsletters via your




NUKEWARS
If US drops Iran deal, dollar could suffer: Kerry
by Staff Writers
New York (AFP) Aug 11, 2015


If the United States cancels the Iran nuclear deal, as some members of Congress urge, the blow to its credibility may be such as to hasten the end of the dollar's reign as the world's reserve currency, Secretary of State John Kerry warned Tuesday.

Kerry said in New York that if the United States is not able to uphold its end of the deal to rein in Iran's nuclear program in exchange for sanctions relief, this could revive an attack on the dollar's status "which is already bubbling out there."

And he warned that such a diplomatic turnaround would alienate even America's traditional allies, not only "with respect to the sanctions, but we will lose their support if we have to use military action."

Kerry was the principal US negotiator of the accord, signed last month in Vienna, that dramatically curtails Tehran's nuclear program in exchange for a gradual and conditional lifting of international sanctions.

The deal has been publicly and vocally opposed by many members of the US Congress as well as by Israel, and has raised concerns among US allies in the Gulf.

Kerry's comments continue a month-long public defense of the deal by members of President Barack Obama's administration.

But it is the first time he has tied the fate of the US dollar to the deal.

"I mean, the complications that will grow out of that are enormous and there will be an increase in this notion that there ought to be a different reserve currency because the United States is misbehaving, and not in fact, you know, living by the agreements that it negotiates itself," he said.

"So it has broad implications," he said, speaking at a forum organized by the Reuters news agency, promising that more details on this threat would be released by the US Treasury.

The US opponents of the deal have a slim but unlikely chance of being able to block the deal in Congress.

Congress will vote in September on a resolution to stop the president suspending sanctions against Iran.

Obama has said he would veto that resolution. A two-thirds majority in both chambers of Congress -- which, for now, appears unlikely -- would be required to overturn that veto.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Learn about nuclear weapons doctrine and defense at SpaceWar.com
Learn about missile defense at SpaceWar.com
All about missiles at SpaceWar.com
Learn about the Superpowers of the 21st Century at SpaceWar.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





NUKEWARS
IAEA chief fails to reassure US senators on Iran deal
Washington (AFP) Aug 6, 2015
Senate Foreign Relations Committee chairman Bob Corker said lawmakers left a Wednesday briefing by the head of the UN nuclear watchdog agency "less assured" about the nuclear deal with Iran. "The majority of members here left with far more questions than they had before the meeting took place," Corker told reporters after an hour-plus briefing by International Atomic Energy Agency director g ... read more


NUKEWARS
Myanmar asks for international aid as flood misery spreads

Honeywell search and rescue tech commissioned for defense customer

Chinese consortium to salvage S. Korea ferry

Trillions of dollars needed for UN anti-poverty plan

NUKEWARS
Antenova announces embedded GNSS antenna for accurate positioning

Surfing for science

Russia develops national high-end navigation system

ISRO is hoping its 'BIG' offering would gain popularity in the market

NUKEWARS
Wild bonobos show similarities to development of human speech

Body size increase did not play a role in the origins of Homo genus

Take a trip through the brain

An all-natural sunscreen derived from algae

NUKEWARS
Biology, not just physics, controls release of scent compounds from plants

Almost 80 species scavenge hunting remains worldwide

Scientists solve mystery behind earthworm digestion

Fish that have their own fish finders

NUKEWARS
Ebola: The epidemic's timeline

It takes a village to ward off dangerous infections

Fighting mosquito resistance to insecticides

Mowing dry detention basins makes mosquito problems worse, team finds

NUKEWARS
Prosecutors to be punished if China graft suspects kill selves

China's Ai Weiwei says wants to teach art in Berlin

Artist Ai Weiwei flies to Germany as Britain slammed over visa

China steps up campaign to remove church crosses

NUKEWARS
All bets are off inside Laos' jungle sin city

Football: FIFA sets election date as Blatter finally rules himself out

Piracy, other maritime crimes rise in Southeast Asia

Mexico army ordered soldiers to kill criminals: NGO

NUKEWARS
Chinese dragon losing its shine for foreign firms

Mobile makeover for Britain's scandal-hit banks

China new home prices up in July: survey

China manufacturing index hits two-year low: survey




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.