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This report is disturbing.

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 persuaded China not to buy more oil.

We persuaded India and other countries to step back.

Could you imagine trying to sanction them after persuading 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.

The problem with the Iran deal on the table is that it enables Iran to fund terrorism in the short term and enables Iran to build nuclear weapons in the mid-to-long term. This will lead to a nuclear arms race in the Middle East (if Iran can do it, then so can Egypt and the Saudis; they’ve openly announced as much), and then it won’t be long until one of those nuts starts a nuclear war.

Kerry can’t defend the deal on its merits, so what he’s saying here is America is weak and impotent and can neither lead nor act independently, and therefore we must take our marching orders from China. Which, by the way, would be fine if the deal were a good one. But it’s a suicide pact, so Kerry’s only shot is to argue we have no choice.

Kerry’s focus on the global status of the dollar is telling. The dollar is becoming less popular as a global reserve currency in consequence of America’s long-term fiscal irresponsibility. For many years, we have failed to live within our means as a nation or as a government. This weakens us over time, as we become beholden to foreign producers and creditors. And when the dollar truly falls out of international favor and the day of reckoning comes upon us, we will be left in dire economic straits.

It’s no surprise that those in power are lining up their scapegoats in preparation for our coming fall from grace. The Iran deal is as relevant to the dollar’s disfavor as a YouTube video was to Benghazi. But, as with Benghazi, Obama’s people are hoping that a good narrative will distract from reality and preserve their collective rumps.

You can see that this line of argument — “We must do it so we won’t disappoint the foreigners!” — is an official talking point, because Hillary is saying the same thing.

“The Europeans, the Russians, the Chinese, they’re going to say, ‘We stuck with the Americans. We agreed with the Americans. We hammered out this agreement. I guess their president can’t make foreign policy,’” Clinton said at a campaign stop in Manchester. “That’s a very bad signal to send in a quickly moving and oftentimes dangerous world.”

Also, as an interesting aside, note that Kerry said we must approve the Iran deal to keep the anti-Russia coalition intact (referring to Ukraine), whereas Hillary says we must approve the Iran deal to keep Russia as an ally. Get your stories straight, Madame and Mister Secretary of State! (Although, to be fair, Hillary has her “Reset Button” legacy to maintain, whereas Kerry has always been at war with Eastasia.)