# The dollar's Gulf bail-out & the end of US hegemony

Page: https://stenobird.com/podcast/the-econoclasts-6347002/the-dollar-s-gulf-bail-out-the-end-of-us-hegemony
Text version: https://stenobird.com/podcast/the-econoclasts-6347002/the-dollar-s-gulf-bail-out-the-end-of-us-hegemony.md
Podcast: [The Econoclasts](https://stenobird.com/podcast/the-econoclasts-6347002)
Published: 2026-04-28T23:00:00+00:00
Episode link: https://shows.acast.com/these-times/episodes/the-dollars-gulf-bail-out-the-end-of-us-hegemony
Audio file: https://sphinx.acast.com/p/open/s/644d3eb26d7c8a0011cf2a0b/e/69f109cc526757e10b65b567/media.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/the-econoclasts-6347002/episodes/the-dollar-s-gulf-bail-out-the-end-of-us-hegemony
Duration seconds: 2065

## Resource

In this episode of The Econoclasts, Yanis Varoufakis and Wolfgang Munchau debunk the orthodox view that the newly established U.S. dollar swap lines for Gulf states are a charitable bailout for the Middle East, arguing instead that these facilities are a desperate signalling mechanism designed to bail out the American financial system and the petrodollar recycling machine, as the escalating war in Iran threatens to permanently dismantle U.S. economic hegemony. Hosted on Acast. See acast.com/privacy for more information.

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## Transcript

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