While the United States Armed Forces (private mercenaries) are stationed at 737 bases, in 130 nations around the world, defending “all freedom-loving people everywhere in the world,” Ross Waldrop, Senior Banking Analyst in the Federal Deposit Insurance Corporation’s Division of Insurance and Research, releases the FDIC’s latest Quarterly Banking Profile, reporting that the number of commercial banks in danger of failure has increased during the previous three months by more than ten percent, from 702 to 775.  In the same report Waldrop admits that the Deposit Insurance Fund is running 20,700,000,000 “dollars” in the red.   This means that the FDIC has nothing with which to cover some 5,400,000,000,000 “dollars” in deposits at the nation’s commercial banks.

       [added 6/18/2021] Thanks to Freedom’s Phoenix for this entry.