$17bn Margin Calls Triggers Next Wave Of Selling!, page-3

I saw this comment below a ZeroHedge article today. It's certainly a possibility since there's no way the rest of the world can instantly pick up the slack in China's manufacturing.

"Steps:
1. Entire supply chains collapse->
2. Businesses all over the world go bankrupt and default->
3. Workers of said businesses go bankrupt and default->
4. Banks go bankrupt and default->
5. More banks go under->
6. Global economic collapse.
We are only in stage 1 right now."