
Richard Dias discusses the impending financial crisis linked to private credit and the potential role of Bitcoin as a safe haven.
Mentor Sessions Ep. 058: Private Credit Breakdown, US Economic Risk, Canada Collapsing, Bitcoin vs CBDC | Richard Dias $1.8 trillion in private credit — and the cracks are already showing. Richard Dias, macro strategist and co-host of the Loonie Hour, lays out exactly why the next financial shock may already be in motion. Rich breaks down how decades of easy money built a private credit empire — and why rising rates, fund gating, and hidden markdowns signal the unraveling has begun. You'll learn why this rhymes with 2008 but hits differently, what central banks will likely do when it blows, and why Bitcoin may be the only credible exit from a system built on valuation lies. 🔔 Subscribe for weekly Bitcoin Podcasts and Tutorials https://www.youtube.com/@BTCSessions ⏱️ Timestamps: 0:00 - Intro & The Private Credit Warning 4:30 - What Is Private Credit & Why It Grew So Fast 14:15 - Blackstone, KKR, Apollo: How the Empires Were Built 26:40 - Fund Gating, Markdowns & Early Warning Signs 41:00 - Is This Worse Than 2008? 55:20 - Central Banks: Will They Bail Everyone Out? 1:08:45 - AI, Rate Shocks & the Perfect Storm 1:22:10 - Contagion Risk: Banks, Pensions & Your…
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