Not really, i can't see any violent civil war erupting out of this. The most that happens is there is not enough jobs so there is high unemployment....they called this the great depression, and we survived, without killing each other. So this "irrationality" only exists inside your mind. There is no "black plague", there is no "mass starvation", we will get through this just fine, it might take a while, but we will. It's happened before.
Civil war is highly unlikely.
In my opinion, the most likely course will be another great depression, albeit one of greater size. Unemployment may hover around 20% or over. There will be great violence like the US in the 90's out of both economic desperation and political aspirations, but not reaching to the size of a civl war
The tragedy is not that things are broken. The tragedy is that things are not mended again. - Alan Paton
Bach is the beginning and end of all music - Max Reger
It is not God who kills the children. Not fate that butchers them or destiny that feeds them to the dogs. It's us. Only us - Rorschach
It could feasibly happen.
Freedom is not free.
Let's default and tell China we are not paying them back! WW3 would create a booming economy. Just kidding of course but ya know, it's a thought.