If the changing magnetic field in a power grid's transformer can induce stress and strain on the transformer core, then can the changing magnetic field of the Earth, similarly, place stresses and strains on the body of the Earth?
If it can, is it possible to estimate the size of these stresses and strains; and therefore discount the possibility that when the field collapses (during a reversal) that the oblateness of the Earth doesn't alter to such an extent that it becomes thinner at the equator than the poles and hence unstable?