The Kessler syndrome, proposed by NASA scientist Donald Kessler, describes a hypothetical scenario where the accumulation of space debris in Earth's orbit triggers a chain reaction of collisions, creating even more debris, potentially rendering parts of space unusable.

I submit that the Kessler Syndrome is an apt analogy for what may be happening in the global financial system: interactions that few anticipated are setting off second-order consequences that are themselves interacting with other parts of the system in unpredictable ways that will cascade, in effect clearing entire orbits of the global financial system.