BTC and precious metals will be the only shelter in the storm of fiat collapsing in the near future. It would be nice, for us, anyway, if there were some deflation to also take out the Federal Reserve Bank and some of the larger New York banks. I am not sure that some deflation would take out the federal government, though. Yes, drive it to default on its loans, but I don’t think it would be put out of its misery. I guess deflation is not a *coup de gras* for the state, darn it!

Rothbardian_fanatic

econ

Deflation: Who’s Afraid of Falling Prices?

Good thing there's a global non-inflationary outside option that's open to everyone. The fiat system is going to be subjected to pressures that it can't withstand.