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? 00:16:23 - Is This Stagflation? Ray Zucaro's Verdict 00:17:43 - How Do You Escape Stagflation? Nobody Has the Answer 00:19:35 - Will Trump Impose Oil Export Bans? The Pressure Is Building 00:21:29 - Global Recession: How Severe Could It Get? 00:22:15 - European Bond Markets & the Liz Truss Scenario 00:23:22 - Falklands Risk: Could Argentina Move & Trigger a Liquidity Crisis? 00:25:00 - Final Thoughts & Where to Follow Ray Zucaro ***THE DURAN SHOP*** https://theduranshop.com ***REVERSE GEAR SHOP*** Athleisure with Style https://reversegear.shop/ ***THE DURAN COMMUNITY ON LOCALS*** https://theduran.locals.com Join Now Get 1 Month Free Trial ***OUR OFFICIAL CHANNELS*** ALEXANDER: https://www.youtube.com/AlexanderMercourisReal ALEX: https://www.youtube.com/alexchristoforou ***CRYPTO SUPPORT*** BITCOIN: 3JvdnoyWMb93hSRgk58ZstUxg11PW9mKSr ETHEREUM: 0xF39BdFb41f639B82E3D2Bf022828bC6394F533A3 LTC: MGFiMC18ZViF6DcCixMqAAP11TG4tF6Acj EMC2: EXX4KK9pZLx7uiLWnCXtp7iMKjtq6o5b6R ***DONATE*** CREDIT CARD: https://donorbox.org/the-duran SUBSCRIBE STAR: https://subscribestar.com/theduran PATREON: https://patreon.com/theduran ***VIDEO*** RUMBLE: https://rumble.com/c/theduran ODYSEE: https://odysee.com/@theduran BITCHUTE: https://www.bitchute.com/theduran/ ***AUDIO*** SPOTIFY: https://spoti.fi/3pMrfPD APPLE PODCASTS: https://apple.co/2H9Hk0a SOUNDCLOUD: https://bit.ly/354ASQ9 ***FREE SPEECH*** TELEGRAM: https://t.me/thedurancom X (Twitter): https://x.com/TheDuranReal?s=20 GAB: https://gab.ai/TheDuran MINDS: https://minds.com/theduran Amazing music contribution from Peter Brown. Follow Peter's music: https://soundcloud.com/peterboy100

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