FDIC bailout. Odious student debt.

The FDIC limit of $250,000 per account is clearly advertised and well-known to anyone who deposits that kind of money in a bank; yet, SVB depositors who deliberately ignored that limit are going to be "made whole".

College graduates, though, who are struggling with odious debt foisted on them by a financialized "education" system are not only being denied relief from crippling debt, but they are also afforded no way to relieve themselves of it, even by declaring bankruptcy.

"Deindustrialization" – the word – projects a glorious future in which everybody enjoys wonderfully manufactured things and nothing is manufactured. No money is invested in plant, equipment, or educating tomorrow's workforce. You just bet trillions of dollars in the derivatives casino, and by magic, "wealth" is created.

The Fed is caught between a rock and a hard place, neither of which has the slightest thing to do with the inflation corporate profiteering and U.S. sanctions on Russian oil have inflicted on the U.S. economy. The Fed can't raise interest rates because doing so undermines the value of long-term Treasuries capitalizing banks; and it can't lower them because cheap money merely inflates the derivatives casino bubble by exponentially more trillions of U.S. IOUs.

Kicking workers out of work, squeezing every possible penny out of indebted college students – and renters – and keeping wages down as prices soar into the stratosphere will not reverse deindustrialization. Nor will bombing China, Russia, or anybody else.

Financial criminals destroyed the American economy, and the U.S. is headed precisely where it sent Russia in the 1990s. And there is nothing anyone can do to stop it.

All the rest of the world can do is pray the U.S. does not resort to nuclear murder-suicide because it is incapable of admitting it has thoroughly destroyed its own economy, murdered millions, demolished entire societies, and spread more misery and suffering than any other empire in history.