Michael Hudson: BREAKING: Yemeni Ballistic Missiles Strike Saudi Aramco's Abqaiq Refinery

Recent missile strikes on Saudi oil infrastructure have pushed the Gulf economy to the brink, exposing the fragility of the petrodollar system. This episode explores the economic blowback of the Middle East conflict, revealing how soaring energy prices trigger a U.S. commercial real estate collapse, agricultural defaults, and skyrocketing interest rates. We analyze Europe's worsening energy crisis, the accelerating shift toward BRICS and alternative reserve currencies, and the impending global financial crisis driven by unpayable debt and the ultimate failure of finance capitalism.

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