Private Credit Is the New Subprime, and the Fed Is Watching the Door
• LinkedinThe BlackRock story is not a footnote. It is a warning flare over a $1.8 trillion market that has been operating with the discipline of a casino back office.
ON AIR NOW
Click to Play
The BlackRock story is not a footnote. It is a warning flare over a $1.8 trillion market that has been operating with the discipline of a casino back office.
Thomas Jefferson, Central Banks and Lost Liberty
Policy choices will determine whether tokenized finance strengthens or fragments the financial system
The average market cap of the top 20 stocks in the MSCI All-Country World Index (ACWI) is now 60 times larger than the average stock among the remaining ~2,500 constituents.
"Breaking the Chains 2026" on BrightU: How privacy coins like Monero and Epic Cash are becoming the last refuge from CBDC tyranny
Today's main event takes place in Sintra, Portugal and the ECB's annual symposium, where Warsh joins President Christine Lagarde and Bank of England Governor Andrew Bailey at 9 a.m. New York time.
Japan's world-record debt load and a fast-falling yen suggest BOJ is losing control of its own QE creation
Let's begin with the problem. Bank failures come together with economic failures.
As we have detailed extensively, most recently here: "Blackrock's Private Credit Fund Gates Investors Again After Redemption Requests Surge ", private credit firms continue to face a flood of redemption requests...
The proposal would require so-called permitted payment stablecoin issuers, or PPSIs, to collect from each new customer a legal name, date of birth or formation, physical address, and a government-issued identification number before opening an account
The US House and Senate have reached a deal to move forward with a housing bill that includes a ban on the Federal Reserve creating a central bank digital currency (CBDC) until 2030.
Earlier this week, we showed the unprecedented pace of hyperscaler Investment Grade debt accumulation, which according to Morgan Stanley calculations had doubled in just two quarters...
The crypto industry has called this 'Operation Chokepoint 2.0' since 2022, and a prosecutor finally wants the receipts.
In 1945, a little known piece of legislation called the International Organization Immunity Act handed the Bank of International Settlements, the IMF, the World Bank, the UN, and 76 connected organizations complete immunity on American soil.
The investment firm said nation-states and central banks are increasingly turning to assets like Bitcoin and gold as alternative settlement systems outside of US control.
How I'm Preparing For The "Supercycle"
Why the Coming YOUTH REVOLT is the Result of Central Bank Fiat Currency Printing
The US Dept of Justice is intensifying scrutiny of some of the country's largest financial institutions over allegations that customers were denied banking services, or "debanked" for political or ideological reasons, according to the Wall Street J
The market may be in full-blown face-ripping bubble mode, and software stocks are now gripped in by a category 5 gamma squeeze hurricane, but not even that is helping the ongoing debacle that is private credit.
...to finance its growing debt burden
The official narrative of a strong U.S. economy is contrasted with the daily financial struggles of Americans facing high prices for groceries, gas, and housing, alongside record credit card and household debt. This segment argues the economic system
This comes on the heels of Cliffwater's CCLFX reporting redemption requests equal to 17% of NAV, far above its 5% quarterly redemption limit.
For months I've been arguing that investors are ignoring a growing list of warning signs across the economy and financial markets.
Google is raising $80 billion of equity a week before SpaceX is trying to raise $75 billion a few months before Anthropic and OpenAI are trying to raise $100 billion from investors and you're laughing???
During the Biden era, it felt like everything was being weaponized.
...Illegal Alien Bank Accounts in Historic Assault on the Cartel-Backed Border Invasion
Bitcoin Depot, the largest bitcoin ATM operator in North America and publicly listed on Nasdaq, has filed for Chapter 11 bankruptcy.
Simon breaks down the three power structures that sit above governments, why central banking is a structural Ponzi scheme, how BlackRock's AI system controls $25 trillion in capital allocation, who he believes really created Bitcoin -- and why that