This is what I say about any financial collapse/bubble pop/credit crunch. Resources don't blow up, people don't drop dead in the streets. A few rich folk who thought they were getting paid, aren't. Everything that happens after is second-order effects of them getting huffy about it. They don't have to cut wages and fire people and disrupt the supply chain; they could sacrifice their own largesse to keep things stable. (And the job of government in those circumstances is to force them to.)