What happens in a crisis?

I keep using the words "crisis", "tipping point", "doomsday", etc.  What exactly do I expect to happen?

First, the land will still be here obviously, as will the people, and something called the United States of America.  But interest rates will soar to 10 or 20% or higher within a short period of time because no one will be willing to lend to the bankrupt US without a much higher return.  Inflation will increase to at least 20% and could reach 50% or even 100% as the Fed goes wild.  Commodity prices (gold, silver, copper) will soar, as will real estate and stocks.  Bondholders and savers (and banks) will be screwed.  Whoever is buying US bonds now (read: China) is an idiot.

Actually, this doesn't sound so bad. Bring it on!