If people are still keeping their assets in fiat, despite the fact that the federal reserve is printing banknotes like crazy, then they are purely delusional. In my country, the rates for bank deposits have now slipped below the inflation rate. And although stock markets gave good returns for 2021, I don't expect the situation to remain the same for the next few years. One important factor that is keeping retail inflation in check is that crude oil prices are staying below $80 per barrel. If this level is breached, then we'll be in trouble.