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Showing posts with label Richard Wolff. Show all posts
Showing posts with label Richard Wolff. Show all posts

Richard Wolff | US Economy in ‘VERY DANGEROUS’ Place as Emergency Oil Reserves Hit 43-YEAR LOW | July 20, 2026

Source: Rachel Blevins youtube



Description:
Oil prices continue to rise for a second straight week, as President Trump vowed more strikes against Iran after at least two American soldiers were killed by retaliatory Iranian strikes on U.S. Military bases in Jordan. This, as U.S. strategic petroleum reserves hits their lowest levels since 1983.

Prof. Richard Wolff, an American Economist and founder of Democracy at Work, noted that while the Trump Admin has relied on the U.S. emergency reserves to steady the oil market thus far, time is running out and the U.S. economy is in a “VERY DANGEROUS” place, as the war against Iran continues, the Strait of Hormuz remains closed, and all signs point to further escalation…

Richard Wolff | Iran War UNRAVELS U.S. Empire, Petrodollar is FINISHED | May 10, 2026

Source: Danny Haiphong youtube



Description:
Economist Prof. Richard Wolff argues that the death of the petrodollar has arrived as the Iran war digs the U.S. empire deeper into global depression. He joins the show to break down the latest economic developments emerging from this historic crisis in geopolitics.
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