Millions of retiring baby boomers reliance on various insolvent pension and retirement funds. Along with the peak everything debt levels and deflation will unleash black swans everywhere. City's/states will fail one by one as budgets are crushed and borrowing becomes a futile effort to save them from the inevitable. The only way out is massive bailouts and inflation that destroys the unbacked currency. This should come as no surprise as the current monetary system was always destined to fail this way.