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This is the part with the John Kerry quote:
“All of this was made crystal clear in August 2015 by Obama’s Secretary of State John Kerry in a highly revealing interview he gave to Reuters where he said this about why the US agreed to the JCPOA,

‘But if everybody thinks, “Oh, no, we’re just tough; the United States of America, we have our secondary sanctions; we can force people to do what we want.” I actually heard that argument on television this morning. I’ve heard it from a number of the organisations that are working that are opposed to this agreement. They’re spreading the word, “America is strong enough, our banks are tough enough; we can just bring the hammer down and force our friends to do what we want them to.”

Well, look – a lot of business people in this room. Are you kidding me? The United States is going to start sanctioning our allies and their banks and their businesses 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 quickly, my friends, for them to walk away from Ukraine, where they are already very dicey and ready to say, “Well, we’ve done our bit.” They were ready in many cases to say, “Well, we’re the ones paying the price for your sanctions.” We – it was Obama who went out and actually put together a sanctions regime that had an impact. By – I went to China. We persuaded China, “Don’t buy more oil.” We persuaded India and other countries to step back.

Can you imagine trying to sanction them after persuading them to put in phased sanctions to bring Iran to the negotiating table, and when they have not only come to the table but they made a deal, we turn around and nix the deal and then tell them you’re going to have to obey our rules on the sanctions anyway?

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…..’

In other words the US was pushed into the JCPOA somewhat against its will at the insistence of its European allies, who were considering lifting sanctions on Iran unilaterally if the US rejected the deal which was on offer. The US submitted to their demands because it feared that the alternative – threatening economic war on its European allies by imposing sanctions on them – would have hastened the ending of the reserve currency status of the US dollar.

It is rare to say the least for US officials to contemplate in public the possibility of the US dollar losing its reserve currency status. The fact that in August 2015 Secretary of State Kerry actually did so shows the pressure that the US was under.”