The preservation of power right now is just egregious beyond comprehension. The Fed & Washington, for the service of the banks & corporate America, are going to add an immense amount of fragility to hold up an already fragile system with all of the Fed actions so far + $6 trillion in spending.
Ultimately, I believe how Central Banks operate these days cannot be sustained because to sustain them would defy the Laws of Thermodynamics. Their goal is perpetual low vol, but thats obviously not how volatility works. Vol suppression just leads to more explosions of volatility that are now having dangerous implications in the real world.
The latest actions by Congress & the Fed, if they pull it off, I suspect will lead to the next wave of volatility in violence, in a country with 400 million guns. Even if they pull this off, they're exposing the US to just an immense amount of pressure on the inflationary side. The political fallout of these actions I suspect will be a true rise in authoritarianism because violence will lead to chaos which leads to more violence, which leads to authoritarianism to suppress violence. Hitler rose to power as a reactionary force to the hyperinflationary failures of the Weimar Republic. The big difference now is that the tools at the hands of the government have never been more powerful.
This is not a moment where everyone is sacrificing, the managerial class of America & the executive class can maintain their pay, while 30% of Americans probably go unemployed, and every single small business in America has lost everything. The idea of America, this idea that anyone can make it, is totally lost in these circumstances. That is a far more powerful effect on society than anyone even realizes right now. So while these executives don't make a single sacrifice while so many do, I predict their lack of awareness to such extreme selfishness will ultimately be their downfall.