only a pinball wizard will be able to figure this one out

The Who sang about a blind pinball wizard.

Well, the global economy is now bouncing around, blind because
shadow banking is invisible and out of control. The real money is there,
because "there" is offshore. No tax, no legal controls, gangsters, druglord, and bankers.

Nobody has any money. Countries, banks.
They have blips on screens and the charade keeps going on
due to money printing and flip-flops involving useless IOU papers (e.g. derivatives).

So, when the crash comes, it will simply be a situation where one bank/country will
run out of blips and start knocking on doors, asking for their derivatives back,

and then that bank will seize up, and go knocking,
and so on, and so on
around the planet.

and so it will ping-pong around the world.
You can just hear the bells ringing
I'd love to see that process on a map app.

or maybe a "Rube Goldberg" is a better metaphor.

It would also make the Big Crash a fun spectator sport,
because we're already looking forward to it.

more later