The Dangers Of Private Central Banks

by Marvin Dumont

Thomas Jefferson warned future generations not to give private banks control over public money.

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations … will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.”

(Have you seen tent cities that are sprawling across America, the world’s largest economy?)

Jefferson added that “The issuing power [of money] should be taken from the banks and restored to the people, to whom it properly belongs.”

Blockchain and cryptographic innovations can do just that.

Cryptocurrencies are giving people around the world an alternative form of money. It’s like an escape hatch that offers a way out of debt-based and/or inflationary monetary systems: centralized schemes that transfer wealth from consumers and investors to governments and central banks.

But as the crypto industry matures, privacy and anonymity will become the most important feature of a digital coin. That’s because deficit-spending and debt-ridden authorities will tighten regulations, require you to compromise your identity (KYC), and confiscate (tax) your digital properties.

Apollo Foundation is building world-class privacy features that will make APL an unregulatable and untraceable cryptocurrency. We have your interests in mind. As you acquire token assets, it’s important to remain anonymous and to keep your transactions private. It’s prudent to do so, but it’s also your right.

Your business is yours, not the government’s.

Apollo’s team is developing and integrating many technological layers to protect your privacy (and assets). And we strive to make APL the most private crypto by featuring database-level coin mixing; private ledger; internet protocol (IP) masking; and decentralized exchange. Apollo will also give you the option to make your transactions private on the blockchain.

For decades, governments and central banks (though not all) have mismanaged and/or devalued sovereign currencies to a point where consumers and investors have little choice but to preserve their wealth. And to do so by acquiring physical and digital assets.

Rational people do what they must. Governments bail out banks with rational people’s money.