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. For show notes and more information on this episode click here. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How central banks can become insolvent and why it can lead to hyperinflation. What are four ways the Federal Reserve and the U.S. Treasury could monetize the national debt. Topics covered include: What are the major asset and liabilities of the Federal ReserveHow does the Federal Reserve make a profit and what happens if it suffers a loss.How has the Federal Reserve has significantly expanded the types of assets it will hold and what are the risks.What could cause the Federal Reserve and other central banks to become insolvent.What are the constraints central banks face.What are four ways the U.S. national debt could be monetized.How investors can protect themselves against central bank insolvency. Thanks to The Great Courses Plus and Policygenius for sponsoring the episode. For show notes and more information on this episode click here. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.