So bonds vs gold or Bitcoin then? Govt vs private
And as I have stated too many times already, US stocks and the US dollar will receive stampede capital inflow after 2015.75 until the next turn in 2017.9 because these will be perceived as the most liquid private assets for the time being (this will cause the DJIA to double or triple and the rising dollar will reverse the $9 trillion carry trade in dollar loans originally spawned by the ZIRP of QE, wrecking massive deflation in all countries except the USA).
I don't understand how a rising currency prevent deflation? When the currency appreciates products are cheaper so all else being constant this is deflationnist.
Conversely, if the currency of other countries depreciates the goods and services will be more expensive, I don't see how this is deflationnist.