Inflation is Theft. Don't Like It? Do This Instead

Inflation is theft. You'll hear that a lot and some think it's just a hyperbolic statement but it's a very true statement about our current money system.

Money is the ultimate property. 

You can exchange money for all other types of property, goods and services. You earn money based on labor and you can't counterfit labor. The work is done or it isn't.

So when you work to earn money, that is an exchange of the energy, the labor that went into creating the value of that money. With money printing at the whim of a central bank, it's theft because you steal the value of the labor that went into earning the money.

So what are some alternatives to be aware of? You could take advantage of using a stable coin to earn interest (not FDIC insured so there is risk) or to exchange your currency for a stable coin backed by an alternative asset like gold or a different currency.

Step 1: Buy USDC from an exchange like Coinbase.

This is the American stable coin. It's easily available on multiple exchanges and you can typically earn a decent interest rate that at a minimum should keep up with inflation.

Step 2: Send to an Ethereum wallet

Want to get a bit more advanced? You'll want to get an Ethereum based wallet. Send your USDC from your exchange to this wallet.

You'll need to do this because most swap ptotocals like Uniswap are built on Ethereum. Next is to swap or exchange your USDC for a different stable coin.

Step 3: Convert USDC to the top 5 lowest inflation currency stable coins

The last step if you need to swap USDC for a different stable coin. You have a lot of different options, but one stable coin to be aware of is XSGD which is the Singapore dollar. It is currently appreciating in value.

Done!

You can now have a portion of your money pegged to a well managed form of fiat that will avoid the 10% plus dollar inflation we may very well experience.

Need it back in dollars? Just press a button and convert it back into USDC (or another form of crypto) in seconds and send it to any exchange to then withdraw in dollars.