What would typically happen is that the larger banks would start calling in the debts from the smaller banks. The smaller banks call in all their debts, i.e. car loans and mortgages. This starts a ripple effect. People default on their loans, the little banks start failing. People panic and start pulling all their money and create a run on the banks. The big banks start to collapse, and the fed goes belly up. Gold and silver becomes currency, and any crypto or NFT will be backed by either of the 2. Barter and trade becomes a thing again. All debt and credit goes away. Interest rates and inflation become a thing of the past. The deep state loses because all their mechanisms of fiat debt currency goes away. They lose all power and collapse.