Yeah no this is not happening, the young people will revolt before that. You can suspend civil liberties for a few months, that's fine, but not intermittently over several years. No way that governments in western countries will get away with that. I expect this to be an event that will remove most baby-boomers from power and bring in the millennial generation, they expect us to support ~5 old people through most of our productive life and now they created or are about to create debt that we will have to pay off for the rest of our lives. A lot of it is to prop up pension schemes and assets which are primarily owned by old people and projected to have collapsed by the time a 30 year old will retire.