Inflation is a silent killer that decreases the real monetary value of fiat currency. Also, it is the perpetual rise in the prices of consumer goods and services over time. As consumer prices surge higher, the total amount of goods and services purchased with a fiat currency decreases. Inflation is not a new trend or phenomenon – $1 in 1913 is equivalent in purchasing power to about $27.58 today. This means the dollar value diminished by 27.58 times or 2758%. IHC token is here to hedge against this anomaly.
What’s pertinent today is the central banks around the world’s exuberant money-printing, quantitative easing (QE) drive, to increase the liquidity of US banks in the face of the COVID-19 pandemic. In 2020, The Federal Reserve printed about 30% of US Dollar’s total supply. By the summer of 2020, the Fed was purchasing $80 billion a month in Treasuries and $40 billion in mortgage-backed securities (MBS). As a result, the Fed’s balance sheet now stands at over behemoth $8 trillion!