While attempting to not comment on the many political angles of this issue, simply:

given the world economy and forecasts, do you still trust the FDIC to cover your money in the bank and investments?

The FDIC, Federal Deposit Insurance Corporation, insures that the federal government will give you your money in case banks collapse, as they did in 1929. People rushed to withdraw their money from their banks which caused the banks to run out of money and cease to do business.

I'm sure the FDIC will cover the investments but the real question is if that investment is worth anything. You might get your $200K back but if the value of that $200K goes down to $20K then that is all you really have.

I would hope the FDIC would have money to cover your investment but that is very true that you might get less than you expected.
Or with many fees like other companies send out now, just the transactions alone could add up.
They might send bitcoin, IOU, Monopoly money,
or coupons for $10.00 a month.
Kidding, I don’t trust as much as I used to but I would trust the FDIC would cover to the extent that they could.

FDIC insurance does not cover investments/securities. Only cash holdings up to $250,000 per bank (not per account). This insurance is backed by the US Government.

A federal government that would have to "borrow" the money in order to make good on that guarantee, which means selling bonds to cover the debt incurred, in a world where the financial markets are spiraling out of control. Yes, funds on deposit are insured and backed by the full faith and credit of the federal government. You'll get your cash, but as sunsetinthepines indicated, you might need a wheelbarrow full of it just to buy a loaf of bread, so the guarantee, while there, really only has the value of the fiat currency which is in use when you get your hands on it.

Quite a bit different from the 1929 crash. Back then the paper money in your hand was backed by precious metals. The federal government was actually required to give you $20 worth of gold for the piece of paper you had in your hand upon which was written $20. That's no longer the case . . . it's just a piece of paper now, the only thing which gives it value is the confidence others have that it is worth something. If that disappears, so does any value the currency might have.

So........Monopoly money?

No, the USD will always be worth more than that . . . you'll always be able to purchase a fistful of Monopoly dollars for significantly fewer US dollars . . .

Thank you, I feel so much better now!

Funny you should mention that. I just bought a Monopoly game with a whole new stack of money in it. Guess I will put it in the frozen peas bag and keep it in the freezer.

I said absolutely not, but that is an answer for if we had a total collapse- the government wouldn’t be able to handle everyone’s money, Printsmith said it well. .

So much for a non political discussion. The FDIC will provide insurance for your banking accounts. The purchasing power of those funds will decrease depending the ratio between the inflation level and the interest you earn on the funds. With inflation cooling to 5% and interest being paid at about 3% the decrease in purchasing power is about 2% per year. The sky is not falling. If you want to make more than the inflation rate you need to take the risk of a non insured investment like equities.