Venezuela Oils Its Economic Gears With "petro" Cryptocurrency Launch

[Patriot]

i reason at all.. but you are missing the point (like a lot of americans do) in the case of Venezuela the US is in fact starving them.. imposing and enforcing trade sanctions on an already economically collapsing nation like Venezuela is inhumanly cruel..

dont get me wrong here.. whatever the US does my own country fully supports.. but whatever the people of Venezuela do to avoid eating zoo animals i wish them the best of luck..

trog

I think the point you are missing is... you can't trade with a country with nothing to trade because they destroyed their resources... and when you give things to a country it goes through the government and not to the people.

 

[Captain_Tom]

Most other ICOs are backed by .... nothing. Not sure if its better than being backed by corrupt govt though.

As opposed to Kickstarter being backed by.....Nothing?

It's the same as kickstarter lol.

i reason at all.. but you are missing the point (like a lot of americans do) in the case of Venezuela the US is in fact starving them.. imposing and enforcing trade sanctions on an already economically collapsing nation like Venezuela is inhumanly cruel..

dont get me wrong here.. whatever the US does my own country fully supports.. but whatever the people of Venezuela do to avoid eating zoo animals i wish them the best of luck..

trog

That's really the truth - we can only hope the sanctions will finely work. Yes they are harsh on everyone in the country, but the idea is to get the people to realize their government isn't playing nice with the rest of the world; and then hope the regular citizens will make their government change. I would say this is a fair and much better alternative to the US waging direct war on Venezuela.

What I can't figure out is how the government hasn't collapsed yet. It is already a failed state by most metrics, and there have been revolutions for FAR less problematic economic situations...

 

[cdawall]

i reason at all.. but you are missing the point (like a lot of americans do) in the case of Venezuela the US is in fact starving them.. imposing and enforcing trade sanctions on an already economically collapsing nation like Venezuela is inhumanly cruel..

dont get me wrong here.. whatever the US does my own country fully supports.. but whatever the people of Venezuela do to avoid eating zoo animals i wish them the best of luck..

trog

You know the US once had a group that oppressed them in charge. Fixed that and was born again as a democracy. Venezuela might want to look into it.

Other option is the US could just go in wipe the government out, install one they paid for and take the oil. Doesn't even have to be a war based thing. Whatever Haliburton calls black water these days could do it overnight.

 

[Shihab]

That's really the truth - we can only hope the sanctions will finely work. Yes they are harsh on everyone in the country, but the idea is to get the people to realize their government isn't playing nice with the rest of the world; and then hope the regular citizens will make their government change. I would say this is a fair and much better alternative to the US waging direct war on Venezuela.

What I can't figure out is how the government hasn't collapsed yet. It is already a failed state by most metrics, and there have been revolutions for FAR less problematic economic situations...

Because sanctions don't really work (except in one anomaly or two).
Sanctions might even solidify the governments position by absorbing some of the people's ire. Instead of "the government is causing X and Y," it becomes "American Sanctions are causing X and Y." You'll effectively be supplying the regime with a very effective propaganda tool!

 

[riffraffy]

Nice, sounds like another ICO scam, this time, is backed by a corrupt govt

This story is about Venezuela why bring our corrupt government into it . Funny how Venezuela became a rogue state right after it slapped the US hand out of the petro cookie jar . Venezuela would be find if the USA stopped it's illegal , misguided and undeclared war against it by forcing economic sanctions and pressuring other countries not to buy it's oil . All it does is cost US investors and goods billions and push them to our competitors (Russia) . Gunboat Diplomacy has not worked very well the last 75 years , It didn't work in Korea which cut a peninsular in two It didn't work in French Indochina which made China stronger, it hasn't worked in Cuba except to bring the possibility of nuclear war on the American people ( And created the most unique looking country on the planet) and the list is very long .

I think the point you are missing is... you can't trade with a country with nothing to trade because they destroyed their resources... and when you give things to a country it goes through the government and not to the people.

An Opec country with nothing to trade , And a potential trading partner with an insatiable appetite for Opec product ....Really .

 

[Fx]

the poor bastards are starving.. the US has them under sanctions which is a modern form of warfare..

have some f-cking pity for staving people for f-cks sake.. i wish them and their cypto attempt the best of luck.. as for the comments in this thread.. low life and despicable comes to mind..

trog

While you may be right, many people in the US and around the world aren't aware of what is really going on since they only consume mainstream media. So don't be too harsh; ignorance will always have a place.

 

[Fierce Guppy]

i reason at all.. but you are missing the point (like a lot of americans do) in the case of Venezuela the US is in fact starving them.. imposing and enforcing trade sanctions on an already economically collapsing nation like Venezuela is inhumanly cruel..

dont get me wrong here.. whatever the US does my own country fully supports.. but whatever the people of Venezuela do to avoid eating zoo animals i wish them the best of luck..

trog

The sanctions prohibit U.S. finance companies from bankrolling the Venezuelan dictatorship, and there are sanctions targeting certain politicians. Other U.S. companies can do business in Venezuela *if they're reckless enough .* People can buy the stuff they want with their substantial savings deposits and... Oh, wait! Their socialist government stripped savings deposits of any value via hyperinflation, and now Diego is a pauper reliant on government rations and rubbish-bin scraps. Well, it serves him right for not exchanging his bolivars for a more stable currency earlier and... oh, wait! The socialist leaders put severe restrictions on the practice. Damn. Then it's Hardship City for poor Diego. With price controls on dairy foods and bog paper, how can any business make a profit selling that stuff ...legally... in the face of 5600% inflation (as of 4 days ago) and which is predicted by the IMF to hit 13000% by years end?

Actually, I don't think scarcity of bog paper should exist with so many bolivars in circulation.

 

[trog100]

oil.. socialism.. regime change.. the US is just meddling where it has no right to meddle.. not an entirely uncommon situation.. he he..

i have read that if the guy gets elected again which he probably will.. the next step will be troops and a butt f-cking with a bayonet pretty much like Qaddafi got ..

which of course is why rocket man kim thinks he needs nuclear weapons..

but world politics aint really a thing to be talking about.. its all sh-t..

crypto does dip its toe into politics so i suppose it has to come up very now and then..

my opinions are entirely that.. just my opinions.. other folks may take a different view as is their right..

trog

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i dont know when this auto merging occurs its not intentional on my part.. it can be a nuisance when the topic is not connected as this one isnt..

money laundering and crypto.. japan..

https://www.newsbtc.com/2018/02/24/japan-criminals-prefer-cryptocurrencies-fiat-money-laundering/

trog


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the UK and crypto..

https://www.newsbtc.com/2018/02/23/uk-bank-of-england-researching-digital-currency-no-plans-launch/

trog

 

[Easo]

Oh lol, the defenders of authoritarian countries have come out to blame USA as usual. Enough already!
Venezuela fucked itself. The lack of toilet paper and food was not caused by USA or anyone else.
P.S.
Why would someone write his name after each post? What is the point of that?

 

[FordGT90Concept]

As long as the oil keeps flowing, USA doesn't much care about Venezuela. That said, USA would likely support rebels if an uprising occurred.

Whatever Haliburton calls black water these days could do it overnight.

Academi, a division of Constellis.

 

[trog100]

stabilize or destabilize.. it follows a simple pattern.. entice some rebel actively.. step in to help the rebels that you have created.. establish a no fly zone and then bayonet f-ck the leader you dont like.. generally when this happens the country gets wrecked and stays wrecked..

in the case of Venezuela its already wrecked but i suppose it could get wrecked some more.. he he..

and rocket man kim being the western educated guy that he is.. knows the score..

the world aint exactly a safe place at the moment.. north korea could blow up and the middle east could blow up.. i watch what goes on but i try not to let it bother me too much.. whats gonna happen is gonna happen there is bugger all we can do about it..

a whole bunch of "political" posts have been removed from this thread since Venezuela and crypto got mentioned.. best keep of the subject i recon.. he he..

trog