The real message of RFX is this: If this country is ever hit with a real financial crisis, say for example a terrorist attack that involves biologicals that locks up our transportation systems and therefore the entire economy, no money anywhere would be safe. Accounts would freeze. Financial gridlock would ensue. The market would be unable to make good on excessive use of derivatives.
Any number of scenarios could spark such as crisis in an economy that towers so far above what is reasonable, safe, stable when it comes to ratios involving debt to GDP, debt to equity, or paper dollars printed to equity.
This has nothing to do with fundamental analysis of the market's next moves. This has to do with assessing the economic risks of being in the system at all.
Only one question remains: What the h*ell is the alternative?
Belt