Admission of economic blackmail?
Whom is blackmailing us? Iran is too weak. Is it Russia/China?
It's an empty threat, given that reserve currency status is a disadvantage for both US companies and the US economy.
This Is Not A Drill: India, Russia And Thailand Prepare For Currency War
When China sneezes, the world catches a cold. Alternatively, when China devalues, the rest of the (exporting) world scrambles to not be the last (exporting) nation standing, and to do so next, before everyone else does. We give Russia, Thailand and India (as well as the rest of the EM countries, actually make that all countries, the US included) at least a few days (hours may suffice) before they all realize that in a beggar-thy-neighbor global currency war, where the ZIRP (or NIRP) liquidity trap is already stalking at least half of the entire world, there really is no choice. http://www.zerohedge.com/news/2015-08-11/not-drill-india-russia-and-thailand-prepare-currency-war
Not blackmail, except by John Kerry to the American people. There is a currency war brewing and they plan to blame the fall of the dollar on not getting the Iran deal. Two seemingly unrelated world events...
you get the gold star.
now we know why the deal was so bad and why Bammy and Lurch were so insistent it be passed.