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Since March i have said the same thing over and over again! A Quasi Nationalized Zombie Subsistence Economy. End of story. Elan Musk maybe worth a Trillion, but it is still confetti. They have robbed him as well as everybody else. As the FED does not care about individuals nor particular institutions but the survival of the economy. In that economy the Banks are essential to provide the cash flow which is the life blood of the economy. They will keep the banks open even if they are Zombies.If the FED is concerned about Equities that concern is about the survival of PENSION FUNDS...So lets get clear here..

What most people do not get is that: Science and Technology and it's application and implementation REQUIRES that the economy and society FUNCTIONS AT A HIGH LEVEL. If an economy crashes and burns society will tend towards fragmentation and chaos. With that economic collapse society can not continue to function at a high level. SOCIETY WILL REGRESS towards the mean of human history. The result of which is that particular Civilization becomes at risk of collapse. resulting in what can be termed as a NEW DARK AGE.

Western Civilization has been hegemonic globally since about 1500 AD. Where the USA has become the leading proponent of that system. The basis of it's success has been it's Secular rationality in using science, technology and organizational ability. The Western model has now reached it's extremis as it is now requiring a nearly daily fix of liquidity to keep the system afloat. Sooner or later the system will exhaust it's ability to provide life support.


BTW..This was not written for this Board...and is already out to 4 other places including CNBC before it was posted here.