Will the Iran War Cause a Global Depression?

The US war on Iran is leading the world to a global depression. Professor Richard Wolff places the current crisis in the context of the capitalist system and the decline of US hegemonic power.

By Chris Hedges

May 01, 2026

https://chrishedges.substack.com/p/how-the-iran-war-is-accelerating

This interview is also available on podcast platforms and Rumble.

English transcript: chrw01052026

German transcript: chrwde01052026

******

See also:

The Petrogas-Dollar: The Secret US Strategy Behind the Iran War

Richard Medhurst reveals how the war of aggression against Iran is just one chapter in a US plan to monopolize energy and dismantle the Silk Road.

April 10, 2026

German translation: https://seniora.org/politik-wirtschaft/politik/r-medhurst-der-krieg-im-iran-ist-viel-groesser-als-irgendjemand-zu-begreifen-scheint

******

Larry Johnson (former analyst at the Central Intelligence Agency) in conversation with Seyed Mohammad Marandi (Professor of the University of Tehran)

April 27, 2026

******

The Programmable Crisis: Iran and the Financial Regime Change

By Fabio Vighi

March 23, 2026

https://propagandainfocus.com/the-programmable-crisis-iran-and-the-financial-regime-change/

PDF (English + German): fv17.3.2026

******

The UAE power play

By Pepe Escobar

May 1, 2026

https://strategic-culture.su/news/2026/05/01/the-uae-power-play/

German translation: pe01.052026

******

The Peoples of Asia Know the Cost of War: Hands off Asia!

From Okinawa’s farmers to the Philippines’ ‘Magnificent 12’, Asia’s peoples have confronted US militarism before – a tradition more urgent now as the New Cold War arrives on their shores.

The Eighth Asia Newsletter (2026)

By Tings Chak and Atul Chandra

(Asia co-coordinators of Tricontinental: Institute for Social Research)

April 29, 2026

https://afsaneyebahar.com/2026/04/29/20706992/

******