I think this is close to how things will play out. But the dates are probably off, and the timeline is too compressed. Vatican set a Sept 30th date for asset transfers, which would imply the powers that be see something coming in October or the months following.

For people like us, the exact mechanism and series of how the dominos fall won’t really matter. You just need to know that in such a scenario, virtually any paper asset you hold will lose most of its value. It will also then become more difficult, and then almost impossible to get hard cash, silver, gold, and food. You will own what you can protect with a shotgun, and barter will be the way for a time being unless white hats can come in with a cure.