THE THREE-LAYER BANK SCAM

Summary from the TLDR Crypto newsletter

Saving in banks is a “three-layer scam.” First, banks pocket risk-free treasury yields instead of passing them to savers, while lobbying to block stablecoin yields. Second, “real” yield disappears once inflation and taxes are factored in, leaving depositors worse off. Third, the dollar itself is an inflationary asset, eroding long-term value relative to scarce assets like BTC, ETH, and gold. Keep dollars for short-term needs, treasuries for medium-term, and scarce assets for long-term wealth preservation.