Episode
OPEC Fractures and Stagflation is Here. Global Economy on the Edge w/ Raymond Zucaro
- Podcast
- The Duran on Odysee
- Published
- May 3, 2026
- Duration seconds
- 1536
- Processing state
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Summary
Follow Ray: https://rvx-am.com - https://x.com/RayZucaro The global economy is flashing red — and Ray Zucaro explains why. Alex Christoforou and Alexander Mercouris sit down with Ray for a wide-ranging financial analysis covering the UAE's shock exit from OPEC, mounting capital flight from the Gulf running at an estimated $40 billion a week into Hong Kong, and the last major oil deliveries arriving on European shores as the Iran war continues to strangle global energy supply. Ray delivers a stark verdict: with demand destruction accelerating, diesel prices spiking in the American heartland, Jerome Powell refusing to cut rates, and inflation potentially hitting 6% in Britain by August, the world is entering a classic stagflation environment with no obvious exit. From the fragility of European bond markets to the startling possibility of an Argentine move on the Falklands triggering a global liquidity crunch, this is one of the most sobering and clear-eyed financial assessments The Duran has aired this year. Is the global recession already underway — and just how severe could it get? 00:00:00 - Introduction: Ray Zucaro Returns to The Duran 00:01:22 - UAE Quits OPEC: Financial Stress or Strategic Move? 00:03:36 - Capital Flight from the Gulf: $40 Billion a Week Into Hong Kong 00:05:55 - What Gulf Financial Stress Means for the Global System 00:07:42 - Last Oil Deliveries Arrive in Europe: What Comes Next 00:08:59 - Airline Cancellations & the Coming GDP Collapse 00:10:33 - Asia Under Pressure: China Opens Refined Products to the Region 00:12:26 - Is the US Truly Energy Independent? The Reality Behind Trump's Claims 00:13:54 - Jerome Powell Refuses to Resign: What It Means for Interest Rates 00:14:57 - UK Heading for 6% Inflation by August — Eurozone Next? 00…