"Heading For Global DEPRESSION!" Professor Jiang Debates Iran War, Trump And China Ties

Piers Morgan Uncensored

Sports, News, Society & Culture

3.7 • 651 Ratings

🗓️ 5 May 2026

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

“This is a serious warning,” Iran’s Revolutionary Guard said after firing on a U.S. warship. Now, the Strait of Hormuz, one of the world’s most vital oil chokepoints, has been shut. A significant share of global energy passes through this narrow route and there’s growing concern the U.S. has no quick way to reopen it. Despite claims from President Trump that the U.S. doesn’t depend on the Strait, rising fuel prices and inflation suggest otherwise. As oil is traded globally, the impact is being felt worldwide. The White House has promised relief once the Strait reopens but experts warn the economic fallout could last months. Some are even warning of worst-case scenarios - from recession to food insecurity. So how bad could this get? Piers Morgan is joined by panellists economics professor and commentator, Steve Keen, former economics adviser to President Trump, Steve Moore and game theorist known as 'Professor Jiang', Jiang Xueqin, to discuss all of this and more. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Some follow the noise.
0:03.3	Bloomberg follows the money.
0:05.4	Because behind every headline is a bottom line.
0:09.3	Whether it's the funds fueling AI or crypto's trillion dollar swings,
0:13.8	there's a money side to every story.
0:16.5	And when you see the money side, you understand what others miss.
0:20.8	Get the money side of you understand what others miss.
0:22.3	Get the money side of the story.
0:25.3	Subscribe now at Bloomberg.com.
0:30.5	Are we heading for a global recession, do you think?
0:33.0	I think that we are heading towards a global depression.
0:34.2	I'm terrified.
0:35.9	People are not going to starve to death.
0:37.2	They're going to die thirst.
0:55.3	Where is Russia? Where are the Brits? Where are the Chinese? Where are the Europeans? I think that's been a big problem for Trump as nobody seems to be helping. If you want to get people to help you, probably don't call them a bunch of morons all the time, would be my starting point. It seems like you all can't determine who's the good guy here and here's the evil. You're the bad guys.
0:56.9	Yeah, exactly.
1:11.1	I mean, that's my point. Okay, if you can't realize that America is the evil empire here. You're saying the United States is the evil empire. Yes, stop reading Hollywood scripts and realize which planet you're on. Okay, though, before the evil empire, why is that every immigrant in the world wants to come to United States?
1:12.8	Nobody wants to go there now, mate.
1:16.5	This is a serious warning, announced the IRGC after firing at a US warship.
1:21.6	The Strait of Hormuz remains closed, the 100-mile chokepoint along with Iran's southern border.
1:26.9	It's become the regime's most powerful weapon. Clearly, the United States has choke point along with Iran's southern border, has become the regime's
1:27.8	most powerful weapon. Clearly, the United States has no military solution for opening it,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Piers Morgan Uncensored, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Piers Morgan Uncensored and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.