The June 12, 2022 Federal Reserve announcement of a .75 percent rate increase in loans to the corporate elite aimed at dampening inflation, along with weeks of anticipation of this increase, sent a shock wave through Wall Street, which saw all major stock indexes plunge by more than 20 percent, portending a major recession. Long-time observers were appalled by the extent to which the Federal Reserve went in 2020 as compared to the 2007-09 financial crisis in subsidizing the financial sector. The process included such phenomena as major corporations like Apple employing some one million Chinese workers at near slave wages and hours and selling Apple iPhones for $1,000, only a few dollars of which went to Chinese and other Asian workers at the low end of the value chain. ’ press conference statements chastising China for its persecution of its Uighur Muslim people, baji999 but few seriously believed that this persecution had any bearing on U.S.