War With Iran Jump-Starts The Petro-Yuan! / Richard Wolff Joins The Show!
Moment of Clarity
Lee Camp
4.8 • 691 Ratings
🗓️ 16 April 2026
⏱️ 67 minutes
🧾️ Download transcript
Summary
In this episode, renowned economist Professor Richard Wolff joins the show to unpack the seismic shifts in the global financial order triggered by the war with Iran. As traditional energy corridors face unprecedented disruption, we explore how the transition from the Petrodollar to the Petro-Yuan is being accelerated by geopolitical necessity and the strategic maneuvers of the BRICS+ nations. All that and more!
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Transcript
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| 0:00.0 | Let's roll, let's roll, never get their control. |
| 0:03.0 | They've got their money, but we've got our soul. |
| 0:07.0 | Hello, let's roll, let's roll, never get them control. |
| 0:10.0 | They've got their money, but we've got our soul. |
| 0:14.0 | Hello everybody. |
| 0:20.0 | Welcome to dangerous ideas. Thanks for being here. This is a big show. I know I say that every episode. I got to stop doing that. But this time I actually mean it. This time, this time, very big show. Very excited for this show. I have a lot of news stories to bring to you in the second |
| 0:39.0 | half, but let's start out with my favorite, far and away. He's won the polling, my favorite |
| 0:48.8 | economics professor. Let's start off with your hero in mind, Richard Wolfe. |
| 0:54.6 | Hello. |
| 0:55.5 | Hello. |
| 0:57.2 | Glad to be with you, Lee. |
| 0:59.2 | Thanks for joining me, Professor. |
| 1:01.3 | It is good to talk with you again. |
| 1:02.5 | You're looking great. |
| 1:09.6 | There's so much to get to, but let's try and tackle as much as we can in a brief half hour. |
| 1:13.8 | Let's start with Iran, straight of Hormuz. |
| 1:23.0 | There's a lot about this that people don't understand. Gas prices are surging up. Fertilizer has been impacted as well. A lot of people don't realize that. Food prices are surging. And we haven't really |
| 1:29.1 | seen the worst of it yet. I think a lot of people think we have. Why is this happening? |
| 1:34.2 | What in God's name is Trump thinking? And why? I heard you recently. You called it a unbelievable |
| 1:42.4 | catastrophic mistake. |
| 1:46.2 | Why is it so catastrophic? |
| 1:47.1 | All right. |
... |
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