Glenn Beck is shocked that Secretary of State John Kerry said if the Iran nuclear deal doesn't go through, the American dollar may cease to be the reserve currency of the world.
"Where is the media asking, 'What the hell does that even mean?'" Beck demanded on his radio program Thursday. "How do you make that leap?'"
Kerry was speaking at a Reuters event when he warned that if the deal doesn't pass, "That is a recipe very quickly, my friends, business people here, for the American dollar to cease to be the reserve currency of the world – which is already bubbling out there."
"For him to say that, that's a very big deal!" Beck remarked. "Remember when I said the United States dollar would not be the ... economic reserve currency? What did they say about me? ... I was a kook for seven years for saying that! Now you have the head of the State Department coming out and saying, 'If you don't go with that vote, the dollar will lose its reserve currency.'"
Beck said most Americans don't understand the implications of what will happen if the dollar is no longer the reserve currency, but it would mean "economic Armageddon" and "the end of America as we know it."
"What everybody does is currently, instead of holding gold, they hold dollars in their bank. ... If they say, 'You know what? I'm going to get rid of these dollars and I'm going to go with the ruble.' ... All this money, all this cash is now in the system that had been locked up in vaults. You have hyperinflation overnight."
Beck said "every dollar you have earned, every dime you have in the bank is suddenly worthless" and "we are Zimbabwe overnight."
"Wow. I think that's the most disturbing thing I've heard," Beck said. "Where the hell is the press? Did you just hear what the State Department just said? Where the hell is the press!"
Beck said America is likely even "closer to the end of the reserve currency status" than he thought.
"Please dear God, protect us. Please, God, protect us. Protect this nation. And see the people who are actually turning towards you. Wow," Beck concluded.
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