Some are already referring to this as a "Lehman Brothers moment" for the European financial system, and authorities all over the EU are really starting to freak out.  We haven't seen anything like this since 2008, and if the Europeans are not able to contain the damage we could soon see a tsunami of financial panic sweep across the entire globe.

It is being reported that energy trading in Europe "is being strained by margin calls of at least $1.5 trillion"…

European energy trading is being strained by margin calls of at least $1.5 trillion, putting pressure on governments to provide more liquidity buffers, according to Norway's Equinor ASA.

Aside from fanning inflation, the biggest energy crisis in decades is sucking up capital to guarantee trades amid wild price swings. That's pushing European Union officials to intervene to prevent energy markets from stalling, while governments across the region are stepping in to backstop struggling utilities. Finland has warned of a "Lehman Brothers" moment, with power companies facing sudden cash shortages.

We aren't talking about 1.5 million dollars.

We aren't even talking about 1.5 billion dollars.

1.5 trillion dollars is a colossal amount of cash.

To put this in perspective, if you were able to create a stack of one trillion dollar bills it would be 67,866 miles high.

So a stack of 1.5 trillion dollars would be over 100,000 miles high.