In the 1980’s, the Savings & Loan bailout was $150 Billion.
The Enron Era/Dot-Com Losses were $7 Trillion at the end of the 1990’s.
The 2008 Mortgage Bust was $11 Trillion (Household Sector only).
All three of these events had fraud at the core. The American people are increasing in their lawless conduct and the associated collapses are gaining intensity. You can see the parallel of this in the Book of Judges. The people become lawless, they repent, Our Heavenly Father sends a deliverer and returns the land back to normal. This lasts for short period of time and the cycle starts all over. The one difference is that deliverance is delayed a little longer each time.
What will trigger the next collapse? It is like an avalanche waiting to happen. There will be something to spook the markets and there will be a rush to the exits. The first guy out will save his principal and feel good about himself. The next guy will lose a little principal but feel relieved that he is out. The rest of the herd will suffer losses and begin to sell “grandma’s jewelry” to make margin calls. That is when it goes systemic. All paper assets will be at risk when the next collapse occurs. The Fed will respond by opening the spigots and pouring as much new money into the system in hopes of fighting the landslide. Which side would you bet on?
If there is no downside to fraud, it will continue and intensify. The consequences will be dire.