If you had any money in a bank account this year instead of in stable coins collecting interest you lost ~6.8% of your money.

The average inflation rate for the US dollar in 2021 is reported to be ~6.8%. That is the highest rate of inflation since 1982. Thats means $1000 at the beginning of the year is now only worth $932. The national average interest rate for savings accounts is 0.06 percent, according to Bankrate’s Nov. 24, 2021 weekly survey of institutions.

If you didn’t utilize crypto exchanges paying interest on stable coins of 8.5%-14% then you lost money. This is an example of how backward and broken your banking “high yield interest accounts” are. They are a scam and the uneducated are being sucked dry if their hard earned money. Although the S&P 500 stock market index has gone up ~29% year to date, stocks and index funds are still more volatile then the best chosen 1:1 pegged stable coins that are kept in insured against losses exchanges.

Investing in crypto, real estate, and stocks is a great way to diversify but we all need money on the side for a rainy day. A “just in case” account. But we can’t let our money disappear overtime just because we don’t touch it. Stable coins collecting interest for the time being is one of the only ways to grow a savings account and I hope more people realize this.

Unfortunately the true rate of inflation is not only 6.8% percent. That is just the average. Energy costs recording the biggest gain (33.3% vs 30% in October), namely gasoline (58.1% vs 49.6%). Inflation also increased for shelter (3.8% vs 3.5%); food (6.1% vs 5.3%, the highest since October of 2008), namely food at home (6.4% vs 5.4%); new vehicles (11.1% vs 9.8%); used cars and trucks (31.4% percent vs 26.4%); apparel (5% vs 4.3%); and medical care services (2.1% vs 1.7%). On the other hand, the inflation slowed for transportation services (3.9% vs 4.5%). Excluding food and energy, inflation went up to 4.9% from 4.6%, the highest since June of 1991. * these are educational facts about the market, not financial advice * My opinion is that stable coins are the future and so is peer to peer lending.

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