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👉**Banking Crisis Status: 🏧 🏧**The Alternative Is Crypto👈

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Crypto Banking Crisis Status: The U.S. Federal Deposit Insurance Corporation (FDIC) reports that U.S.
 
September 30 · Issue #141 · View online
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Crypto Banking Crisis Status:
The U.S. Federal Deposit Insurance Corporation (FDIC) reports that U.S. banks pay savers an average annual yield of only 0.18%% on their money-market accounts. That’s even lower than it was one year ago.
So think about core inflation, which excludes gasoline prices, has just a hit a 13-month high of 2.4%.
So do the arithmetic: If you’re an average U.S. saver, you get 0.18%, but you lose 2.4% to inflation. Your net yield is 2.22% below zero!
That’s about twice as bad as it was one year ago!
It means that …
Instead of giving you a return on your savings, America’s banks are charging you more than two full percentage points per year for your liquid money. Then, they invest your money as they see fit, taking 100% of the return.
If you think that’s abusive, consider how much the average American consumer pays for borrowing money, especially via credit cards:
According to Bankrate.com, the average interest rate on credit card balances is 17.77%, and that’s before compounding! When you consider interest on interest, the overall yearly rate can quickly escalate beyond 30%.
That’s about twice as bad as it was one year ago!

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