What if microprocessors and software failed?

For our fourth blog post in "Computer Systems: How do they Work?"  the class was asked what they would think would happen if microprocessors and software that we use on a daily basis were to fail.  First off, I don't think it would be the end of the world, but man, would it be one of the biggest headaches we would have to deal with!  As my life is now, I am so dependent on computers working the way they are supposed to.  I manage all of my money and the bills I pay online.  This class is 100% online and if something were to happen, I would be in a lot of trouble because ALL of my work is on my computer or on the Internet.  My life at school is also very dependent on computers.  I have years worth of work saved on my account at school as well as grades for students and important emails that I have to save.  I think the reason my instructor asked this question is because the past couple of weeks we have been talking about backing up our information in case of some type of loss of data disaster.  I now know how important it is to back up all my work, whether it is for class, school, or personal reasons.  I can now say that I confidently back up my laptop on an a cloud based backup site as well as on my laptop.  If some kind of disaster ever does happen, I feel secure in knowing that my information is backed up and should always be assessable if something does indeed happen.