What happens next?
Default on sovereign debt. Seizure of private assets—the GM thing and Stockton where bondholders are screwed over in favor of connected groups. Its going to hurt. That’s why they’re going after the guns. They should probably go after rope as well. The only spike in employment would probably be things like professional food tasters for government officials.
What happens next?
Well, that is not exactly a soup question.
I wish I knew. None of the scenarios that I play out are very appealing. A lot of people are going to suffer, necessarily, as the system collapses upon itself.
Good question, a look back at History tells us that a Large scale WAR is the most likely answer.