Part 3/15:
Livingston describes the monetary system as a carefully constructed house of cards designed for exploitation. He laments how inflation, particularly the 2% rate, slowly but surely rots away the value of savings—almost 50% over three decades—reducing your dollar to a worthless slip of paper. The U.S. fiat dollar's departure from the gold standard in 1971, under Nixon, is framed as the turning point where real wages stagnated while costs for housing, healthcare, and education skyrocketed.