New financial crash? Another crisis is happening on Wall Street

Is the United States on the verge of another financial crisis? Some top Wall Street executives fear the bankruptcies in the $3 trillion private credit industry could spread, as firms prevent investors from withdrawing their capital, in what resembles a bank run. Then there are problems with the AI bubble and Big Tech stock market bloat. Ben Norton explains.

Check out our video explaining how the Iran war will transform the global economy: https://www.youtube.com/watch?v=kocFwbTbs1Q

Topics
0:00 New financial crisis coming?
0:36 Private credit industry
1:27 Cockroaches in private credit
2:18 Bank run similarities
3:32 Bank exposure
5:13 (CLIP) ex Goldman Sachs CEO
6:06 Trump admin scheme
7:55 Blackstone CEO funded Trump
8:48 AI and software companies
9:13 AI bubble
9:42 Big Tech Magnificent 7 (Mag 7)
10:13 US stock market bubble
10:40 AI drives US GDP growth
11:11 Most Americans in recession
11:43 Richest 10% consume 50%
11:57 Iran war, energy crisis, food
13:17 Outro

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