Looming Sovereign Debt Crises & an Epic Hedge

It only took a few hours for governments around the world to voice concerns about Facebook’s new Libra currency and network. It isn’t a coincidence at the same time of their concerns for competition arising, they’re working on further installations of quantitative easing. President Trump in the U.S. has mentioned his interest in QE4, an additional dose of shooting up the money supply with more worthless fiat paper. The Federal Reserve is not alone, The European Central Bank, and Australia’s Reserve Bank are also looking at the same scenario moving forward. Each country is trying to debase against another, in an attempt to export their debt. Is there truly any scenario out of many premiere powers all heading into a state of hyperinflation?

Epic Private Internet Cash is precisely the hedge that’ll prove to be the primary resort for those which want to store value. Not only will it prove to be the premium medium of exchange; as an emerging asset class, Epic Cash will increase value over time as utility and demand sky rocket. The coming sovereign debt crises pose a very dangerous situation for societies. There are countless historical examples of this, most popular is likely Germany’s Weimar Republic.

Post WWI, Germany left the gold standard. Companied with reparations induced from The Treaty of Versailles, the country was in a horrible situation. The exchange rate of marks to dollars went from 4.9 per dollar to 48 per paper mark by the end of 1919.

After the departure from their commodity backed currency, the German Papiermark began its free-fall. Since countries were requiring Germany to pay back its’ debts in actual money and not fiat paper, Germany had to buy up other countries specie backed notes with their own Papiermarks. In return, Germany had to print continually more to keep up with their ever-depreciating fiat against the foreign notes they were purchasing to pay reparations. By August of 1921, the monetary charade was collapsing. By December 1922, the German Papiermark was 7,400 per dollar and many were out of work and starving.

Attribution: Bundesarchiv, Bild 146–1971–109–42 / CC-BY-SA 3.0

Today we don’t have to suffer the same fate, with the ability to use cryptocurrencies to hedge against central planners. The likely scenario is cryptocurrencies which can be shut down will be by autocratic regimes. It’s integral decentralized blockchains which can’t be shutdown, such as Epic Private Internet Cash, are utilized and gain traction in coming years. Epic Cash masks the wallet IDs of sender and receiver from onlookers and prying eyes. In cases of national emergencies, this is obviously a shining attribute. Epic Cash can step in immediately and fill the void of private money. Much like the German volk, many around the world are facing the exact same monetary scenario a hundred years later.

Germany should be a precautionary tale for central planners and citizens around the world. America’s Federal Reserve, is running short on money now and can’t pay its bills. No one wants junk bonds and with waning belief of other countries and their central planners abroad, the writing is on the wall for major reductions in future purchasing power for citizens of the U.S. and many others. In this modern era, central bankers and their illusionary skills are now translucent.

Unlike Germany, the U.S. has been able to inflate away its purchasing power rather slowly and hasn’t experienced the ills of hyperinflation yet. It’s been 48 years since Richard Nixon took the U.S. off of the gold standard and a great deal of purchasing power has been lost but the real tragedies have yet to occur. However, just like the German’s found out one hundred years ago, eventually other countries stop accepting your worthless paper notes and the scheme ends.

Bitcoin has emerged as the digital gold standard over the last decade; however, when further global breakdowns caused by central planners occur, a private and secure medium of exchange will be crucial. Epic Private Internet Cash and its speed, security, and privacy are going to play a major rule in securing the well-being of many around the world. Economic crises are impending, there isn’t a way to print a nation out of these looming scenarios. Protecting your wealth and ditching paper money for Epic Cash could save lives in the near future. Repressive states will likely not let citizens leave with specie on their person. Peer to peer, private, decentralized, digitally encrypted money, is the only solution moving forward and Epic Cash is at the forefront of this necessary digital freedom.

Links to Project:

Website: www.epic.tech

White Paper: https://docs.wixstatic.com/ugd/e1dfc6_56c1ba9485cd428b94a167c100708028.pdf

Telegram: https://t.me/Epic04July2019