Advice to a brilliant banker.
With inflation at its true rate of 10%, your bank is paying a hidden tax of 5b a year that all who have cash pay. The interest you are paid will make up for some of it but that will be taxed. So the 37t the government owes will be stealthily reduced by 3.7t this year. No one will say anything about it just like the Weimar Republic paid off the WWI reparations with worthless currency in 1923. It was the German bankers that generated the inflation but Jews were blamed because they were 1% of the 60m population but held 49% of the wealth. And now 100 years later it is happening again. Does Netanyahu really know how enraged people can become with high inflation? Biden and Congress have no idea what they are doing and Powell and Yellen are too weak to stop them because our military can still shove our rules for units of measure down the throats of the 97% of the world population that are not US citizens. So what is your best investment right now? Great, honest, true employees.