Penguin: Venezuela Offers Petro-Backed Crypto Currency

Commercial Intelligence, Cultural Intelligence
Dare To Be Free!

Venezuela aims for crypto alchemy with new ‘petro gold’ token

Maduro is hoping cryptocurrencies will help Venezuela skirt U.S. financial sanctions as it struggles under hyperinflation and a collapsing socialist economy.

Phi Beta Iota: Sanctions are going to die in next decade. Ecuador particularly and UNASUR generally, should be looking at three things: nationalizing all central banks; expelling all foreign and absentee land owners; and creating a crypto-currency at the same time that they leave the SWIFT system.  All IMF and WB officials should be declared Personna Non Grata.