by Marvin Dumont
That’s the $200 trillion question. Can you trust governments and central banks to handle other people’s money?
They’re not as candid as you’d hope for them to be. And they’re actually quite shifty.
In 2006 the Federal Reserve stopped publishing M3, an important statistic that measures money supply in the United States. M3 is also one of the leading indicators of inflation and economic activity.
Some economists say the move (1) allowed the Fed to covertly fund annual deficit spending, and (2) hide the fall of international demand for the dollar.
These trends devalue the greenback (dollar) and thus, Americans (like citizens from other countries) lose purchasing power. Over a lifetime, you can literally lose a fortune to the powers-that-be who print sovereign fiats that aren’t backed by any real asset. Think Venezuela, Greece, India and on and on.
Unfortunately, the beneficiaries of a cash-printing operation are the bureaucrats/bankers who run it — the same people who won’t disclose by how many trillions they’ve diluted the cash supply. When the stock market goes up, it’s not necessarily because CEOs have done a brilliant job. It’s because bureaucrats/bankers have flooded the economy with devaluing paper fiats, which are then converted to stocks and bonds.
The Apollo Foundation is building an unregulatable and untraceable currency (APL) that features zero inflation. Moreover, Apollo will become the most private currency that protects your identity so you can pay or get paid with total anonymity. APL’s privacy will be second-to-none.
But we’re much more than a cryptocurrency project. The Apollo Foundation believes in age-old principles. We’re fighting the good fight.
The Apollo team is accomplishing our privacy mission by incorporating many layers of blockchain tech that will give you financial anonymity. These include coin mixing; private transactions; internet protocol (IP) masking; coin shuffling; and decentralized exchange.
The value of floating currencies is the freest expression of the marketplace. When governments or central banks interfere, these values become distorted.
In biblical times, voluntary participants exchanged value for value — salt for sandals; milk for molasses; and silver for swords. But our ancestors wisely retained their wealth because the commodity-money they used were beyond bureaucratic distortions.
Gold, milk and molasses always have value.
In the modern age, tokenization of assets is the future. That means, we’re gradually moving towards a digital barter system in which an American can send tokenized land assets in exchange for, say, tokenized diamonds from South Africa. By having Apollo currency, you can participate in Web 3.0 economy.
Tokenization is possible because many governments and central banks have failed spectacularly to protect your interests.