Treasury collateral is the foundation and backing of our financial system. It is the Layer 0. All financial products like credit cards, bank deposits, car loans, and mortgages are backed by it. But it is being devalue and it's deteriorating. Inflation was caused by increasing the money supply by 40% in just 2 years. Now they think they need to raise rates to fight inflation but as they raise interest rates, they're devaluing Treasury collateral. As yields go up principal value goes down. Literally the entire backing of the financial system is being devauled with no forward guidance. We are just left to fend for ourselves. Bitcoin takes up that fight for us.