#DropFiat (E1459)
In this episode of the Keiser Report, Max and Stacy discuss the honest words from Brad Sherman as he warns, yet again, that bitcoin threatens the fiat world controlled by the US dollar. They also discuss the US budget deficit and the stocks vs bonds puzzle. In the second half, Max chats to Joshua Scigala of Vaultoro about how the collapse of the MtGox bitcoin exchange inspired, so he and his brother created an exchange for gold to bitcoin and vice versa in order to #DropFiat. In the case of MtGox, the large fiat holdings held by the failed exchange were confiscated by liquidators, whereas gold is allocated, and thus safer for individual exchange customers in case of bankruptcy.
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