Private Credit is the Fuse (What Comes Next is Bigger)

Six of the biggest names in private credit are blocking exits. Blackstone. Apollo. Aries. Morgan Stanley. When billionaires can't get their money out, what exactly do you think happens to yours?

The Federal Reserve Bank of Boston has admitted it outright: U.S. banks are the primary funding source for private credit. The separation of risk between your deposits and these shadow lending operations was an illusion on paper. Behind the scenes, exposure was growing quietly, well past anything seen in 2007-2008. And sitting on top of it all: $200 trillion in derivative exposure. Warren Buffett called them financial weapons of mass destruction. The conditions that triggered 2008 — rate stress, credit stress, liquidity stress — are all in jeopardy simultaneously.

Michael Burry said it this week: private credit insiders "are remarkably proficient at kicking the can down the road, but it looks like the end of the road to me."

Two exits waiting there: a bailout that fires up the printing press, or a bail-in that uses your deposits to make the banks whole. Post-2008 rule changes made both legal. The FDIC currently covers 1.3% of total deposits. One large bank failure and it's already gone.

If they won't give you warning, and it happens in the middle of the night, will you be ready?

Live Event: Surviving the Reset - Join Taylor Kenney for a live webinar and Q&A as she breaks down the 4 stages of every currency collapse and the U.S. dollar’s place in the timeline. 

Date: Tuesday, April 21, 2026 Time: 9:30am PST / 12:30pm EST

Save Your Seat

About ITM Trading: ITM Trading has spent nearly 30 years helping clients prepare for monetary resets, inflation, and systemic risk using physical gold and silver. We focus on education, historical context, and strategies designed to protect wealth when trust in the system breaks down.