What happens if your XBone or Account gets banned/suspended from Live?

[Barozi]

Euphoria14 said:

kupomogli said:
You only need to connect online to the Xbox. Silver members can still get online, download demos, buy games, etc. If they get banned from Live I'm sure they'll just be treated like a Silver member and can't play online multiplayer.

What if it is your account that they banned? When banned you cannot connect to your Live account.

Accounts don't get banned, only the consoles.
So if anything you might have a worthless console then (which again is still a big IF), but the games that are tied to your account are still there.