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@ai-summaries "Part 7/12:" by ai-summaries

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@ai-summaries "Part 7/12:"
Part 7/12:

The natural tendency as societies develop should be deflation—things becoming cheaper over time with technological progress and efficiency. Yet, due to relentless money printing, the opposite occurs: inflation drives up prices, eroding the value of savings and incomes. For ordinary Americans, this means that saving money is no longer a viable strategy; you must chase investments to keep up with the devaluing dollar. The entire savings paradigm has been turned on its head, incentivizing risk and speculation rather than prudent saving.

## The Chaotic Banking System and Its Fragility
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