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Donald Trump knows Iran has won the war and is risking a global depression – Doug Bandow

On this episode of Going Underground, we speak to Doug Bandow. Former Special Assistant to Ronald Reagan and Senior Fellow at the Cato Institute. He discusses the risk of a global Great Depression following the resumption of the war on Iran and the looming prospect of a catastrophic energy shock in the US, why Donald Trump knows he must end the war on Iran quickly, whether the echo chamber of neocons around Trump can tell Trump he made a mistake by starting the war, the Gulf States’ view of the war on Iran and their defense against Iranian capabilities, whether Iran could already have a nuclear weapon, Trump’s potential pivot to Ukraine as the NATO-Russia proxy war continues to escalate, and much more.

20.07.2026
26:31 min
20.07.2026
26:31 min
0:00
Donald Trump knows Iran has won the war and is risking a global depression – Doug Bandow
Twice a week, award-winning journalist Afshin Rattansi and his team go underground to cover geopolitics and current affairs from a perspective you won’t find in the mainstream media, with some of the most high-profile guests.