‘You are looking at worldwide depression: less food, less mobility, decline in standard of living’ – David Morgan
Published 16 Jul, 2026 17:58‘You are looking at worldwide depression if both straits are closed: less food, less mobility, decline in standard of living.’ – David Morgan.
On the latest episode of Sanchez Effect, economist and publisher David Morgan explains how the conflict with Iran could instantly choke critical energy lifelines, triggering an unprecedented worldwide depression and resource shortages. He also exposes the systemic lies driving the collapse of US dollar dominance. According to him, a monumental shift in geopolitical power is already underway as China collects more gold than any other global player.
Morgan cuts through the noise of daily market volatility, breaking down why traditional paper assets are a mathematical trap and why gold, silver, and Bitcoin are the only real lifelines left. True survival, however, isn’t just about your bank account – it requires a complete psychological reset to reclaim personal integrity and look past a deeply corrupt system. Watch the full interview before the next financial crisis reaches your doorstep – only on RT.