there is not enough money to serve debts
The FED and other countries are simply printing more money. This is how they battle the inflation so, I don't see where's the sense of what you're telling us about deflation. Inflation is real. Deflation is real but it's Bitcoin. It seems that you're trying to make things comfortable for yourself, that's fine since you've got BTC and gold. But you don't treat them as your fiat currencies, even if the way you use them is like that, you just can't have it by the way you're telling us because fiat is bound to inflate no matter what happens, it will slow down but won't deflate.