How to Protect Your Savings
How to protect your savings from monetary threats like devaluation. Why high yield savings accounts exist, and are they worth it. Topics covered include:Why Lebanon defaulted on its national debt and announced it will devalue its currency by 57%.Why some depositors in Lebanon will probably lose some of their bank savings.What investors can do to protect themselves from currency devaluations.What are stablecoins and why are they useful.Why some online banks pay above-average interest rates on savings accounts.Why banks need to attract new deposits even though they create deposits when they make a loan. Thanks to Mint Mobile and Policygenius for sponsoring the episode.