Is this the start of a financial crisis?
Jeff Snider is the founder of Eurodollar University and the go-to voice on how the global financial system really works.
In this episode, we discuss why the shadow banking and private credit bubble is bursting right now, the cockroaches emerging across the credit markets that reveal nobody did any due diligence during the bubble years, and Jeff's three-stage financial crisis framework for understanding how bad this could get.
We also get into why the Fed is essentially a political lightning rod with no real control over the monetary system, why bond markets have been pricing in a crisis since 2021 regardless of what the Fed does, and how people should position themselves, including Jeff's take on $60k Bitcoin.
In this episode, we cover:
• The 3 Stages of Financial Crisis: From early outflows (Stage 1) to forced selling (Stage 2) to systemic panic and the domino effect (Stage 3) — and where we are right now
• The Cockroach Problem: Why big banks failed to check if the collateral they were lending against even existed, and what that reveals about the scale of the bubble
• Credit Crisis vs Liquidity Crisis: The critical distinction that determines whether this stays contained or spills into broader markets
• The Fed's Illusion of Control: Why the bond market has been pricing in a crisis since 2021, regardless of what Jay Powell says or does
• Bitcoin & Survival: How to position yourself for a Stage 3 collapse and why wealth preservation is no longer optional in a debasing fiat system
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