<p>Mentor Sessions Ep. 058: Private Credit Breakdown, US Economic Risk, Canada Collapsing, Bitcoin vs CBDC | Richard Dias</p><p><br></p><p>$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.</p><p><br></p><p>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&#39;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.</p><p><br></p><p>🔔 Subscribe for weekly Bitcoin Podcasts and Tutorials https://www.youtube.com/@BTCSessions</p><p><br></p><p>⏱️ Timestamps:</p><p>0:00 - Intro &amp; The Private Credit Warning</p><p>4:30 - What Is Private Credit &amp; Why It Grew So Fast</p><p>14:15 - Blackstone, KKR, Apollo: How the Empires Were Built</p><p>26:40 - Fund Gating, Markdowns &amp; Early Warning Signs</p><p>41:00 - Is This Worse Than 2008?</p><p>55:20 - Central Banks: Will They Bail Everyone Out?</p><p>1:08:45 - AI, Rate Shocks &amp; the Perfect Storm</p><p>1:22:10 - Contagion Risk: Banks, Pensions &amp; Your Savings</p><p>1:33:30 - Gold, Bitcoin &amp; Protecting Your Wealth</p><p>1:40:00 - The CBDC Threat &amp; Why It&#39;s the Bigger Risk</p><p><br></p><p>🔗 Links &amp; Resources</p><p>→ Follow Richard Dias on X: @RichardDias_CFA</p><p>→ Follow Richard Dias on YouTube: https://www.youtube.com/@IceCapAssetManagement</p><p>→ Ice Cap Management: https://icecapassetmanagement.com/</p><p>→ Loonie Hour Podcast: https://thelooniehour.ca/</p><p><br></p><p>⚡ POWERED by Abundant Mines: Fully managed Bitcoin mining. Learn more at https://qrco.de/bgYKPB</p><p><br></p><p>🔒 Lockdown your Bitcoin with the BEST gear on the market from Coinkite. Get the 5% Off the COLDCARD visit: https://qrco.de/bfiDBV</p><p><br></p><p>🛡️ Bury Your Bitcoin Secrets Deep: The ultimate underground vault for seed phrases and hardware—rugged, weatherproof, and built to vanish. Grab 10% off Dirty Man Safe with code BTCSESSIONS at https://dirtymansafe.com </p><p><br></p><p>🏠 Unlock Home Equity for Bitcoin: Convert your home&#39;s future value into BTC without loans, payments, or interest—stay in control and grow your stack tax-free. Start at https://joinhorizon.com/?ref=BTCSESSIONS</p><p><br></p><p>💡BOOK Private Sessions with Nathan, Gary, or Ben at Bitcoin Mentor: Master self-custody, hardware, multisig, Lightning, privacy, and more. 👉 Visit btcmentor.io </p><p><br></p><p>Previous Episodes with Matt Hill: https://youtu.be/Dv1-JfjxuAY</p><p><br></p><p>Follow Us on X:</p><p>• BTC Sessions: @BTCsessions</p><p>• Nathan: @theBTCmentor</p><p>• Gary: @GaryLeeNYC</p><p><br></p><p>#Bitcoin #CBDC #BTCSessions #BitcoinPodcast #privatecredit #richarddias #macro #looniehour #bitcoininvestment #creditmarkets #marketanalysis </p>