Imagine a cat5 hurricane hitting the insurance companies everywhere at once.
What happens when they fail and go TU?
https://www.amazon.com/Insurance-Underwriting-Derivatives-Liability-Management/dp/0471492272
Then insurance ends. And everyone invested loses all invested in them.
And it starts a cascade of calls on every conceivable type of paper/digital “asset” mankind has been able to devise to date.
Until everyone realizes there is only the Fed and real property and machines and buildings that are remaining.
Hey, you asked...