> True, but unsafe let's you conjure up any lifetime you want

The only thing unsafe does is let you have an unbounded lifetime. As I said, it doesn't check those:

   fn get_str<'a>(s: *const String) -> &'a str {
       unsafe { &*s }
   }

> if you generously sprinkle pointer dereferences in unsafe code, you effectively disable the protection provided by the borrow checker

You don't disable anything. You wrote a "trust me compiler" block, and compiler trusted you.

Rust won't ever protect from all possible problems, just the ones the compiler handles.