If you just measure the total amount of debt in the world, it’s very large even historically. I read a great article about it by the world bank. It’s been obvious for years that creditors are not very discerning. I think juicero and theranos will be used as examples of how loose creditors were. Every national bank in the world has been simultaneously engaged in pushing cheap money for a decade. If this really is going to be the trigger for the collapse of all the illegitimate debt out there then this is going to be very interesting.