Hey Sally Yates,
Whatcha` gonna do,
Whatcha gonna do when Q comes for you….
KEK…..Bewbs for that one
What do we have here?
Venezuela has officially launched its oil-backed cryptocurrency
Not possible that the government was lying to us again is it? Another oil state moving away from the Federal reserve dollar and starting to trade in their own currency…. Didn`t Libya try the same thing? Think that might explain the Armada off of Grenada and the buildup of Columbian troops along the Colombia-Venezuelan border and the American advisors who are working with the Colombian forces? Proxy army? Another Cabal engineered regime change for the banksters? Things that make you go Hmmmmmmmmm….
Venezuela has officially launched what its President Nicolas Maduro claims is a first state-backed oil-backed cryptocurrency, El Petro.
Over the past months, Maduro has been touting a new plan for economic recovery, which includes a new policy on gasoline pricing that would raise Venezuela’s ultra-cheap gas prices for the first time in two decades. The plan to ease the severe economic crisis also featured a devaluation of the currency and pegging the new bolivars to the Petro.
Maduro claims that the Petro is strengthening his recently announced economic overhaul plan and will “revolutionize” the global crypto economy with a new form of trade, finance, and monetary exchange.
The official public sale of the Petro—which Venezuela say is backed by oil, natural gas, diamonds, and gold—will begin on November 5, Maduro has said.
According to authorities in Venezuela, the “Petro is an instrument to consolidate Venezuela’s economic stability and financial independence, coupled with an ambitious and global vision for the creation of a freer, more balanced and fairer international financial system.”
Just a few months after Maduro first announced the idea of the oil-backed Petro, the US prohibited in March US dealings with any digital currency, coin, or token issued by Venezuela.
https://www.rt.com/business/440565-venezuela-oil-currency-petro/
MOAR ON VENEZUELA
MIKE PENCE WARNS VENEZUELA AFTER IT MOVES TROOPS TO COLOMBIAN BORDER: 'DO NOT TEST THE PRESIDENT'
Vice President Mike Pence issued a strong warning to Venezuela on Tuesday after it stationed troops along the border of Colombia in a move seen as highly provocative by Bogotá and Washington.
Citing news reports of the military buildup, Pence called the decision from Caracas “an obvious effort at intimidation” as he spoke at the U.N. General Assembly in New York.
“Let me be clear: The United States of America will always stand with our allies for their security,” Pence said, in a stern statement directed at the government of embattled Venezuelan President Nicolas Maduro. “The Maduro regime would do well not to test the resolve of the President of the United States or the American people in this regard,” he added.
“We stand with Colombia and with our allies across this new world because of our shared values and our shared interests,” he said.
The vice president’s comments came after President Donald Trump met directly with Colombian President Iván Duque Márquez to discuss bilateral concerns. During the meeting, Trump did not rule out the possibility of a military intervention in Venezuela, but suggested he didn’t like the idea.
“The Maduro regime is obviously is not doing the job. First of all, it's brutal, and people are seeing what's happening,” Trump said, The Hill reported. “It's one of the truly bad places in the world today…Many of those [neighboring] countries, including Colombia, are taking in refugees who are literally starving,” he said.
More than 2 million Venezuelans are estimated to have fled their country as refugees due to a severe economic crisis and growing instability. They have mostly traveled to surrounding South American countries, with Colombia, Ecuador, Peru and Brazil taking in large numbers. In August, Ecuador and Brazil temporarily moved to clamp down on the flow of refugees, but 11 Latin American nations met earlier this month and agreed on a way forward to jointly work toward addressing the crisis.
Pence pledged on Tuesday that the U.S. would give an additional $48 million to aid refugees caught up in the ongoing crisis, the Associated Press reported. The funds will be directed to several U.N. and non-governmental organizations to support displaced Venezuelans in impacted Latin American countries, including Brazil, Colombia, Ecuador and Peru.
Meanwhile, Maduro has repeatedly mocked those fleeing his country, calling them “slaves and beggars” who are tricked into menial labor in neighboring nations. His government also accused embassy staff from Colombia, Chile and Mexico of supporting an early August assassination attempt against Maduro.
“We are ready to present confessions made by the detainees to the foreign ministers of Colombia, Chile and Mexico,” Venezuela's Communications Minister Jorge Rodriguez said on Monday, the AP reported.
Despite Trump’s and Pence’s stern statements against Maduro and his government, Navy Vice Admiral Craig Faller, who is the president’s nominee to lead U.S. military operations in Latin America, has said no military action against the South American nation is currently in the works.
"We are not doing anything other than normal prudent planning that a combatant command would do to prepare for a range of contingencies," Faller said in a response to a question during his confirmation hearing on Tuesday, according to Voice of America.
https://www.newsweek.com/pence-warns-venezuela-after-it-moves-troops-colombian-border-do-not-test-1138357
Trump and the US responsible for the "starving" people in Venezuela?
Trump's Sanctions Have Cost Venezuela $6B Since August 2017
Joe Emersberger analyses government critic Francisco Rodriguez's admission "misguided" U.S. sanctions harm Venezuelans.
The following piece by Canadian political analyst Joe Emersberger was written in response to a recent article by Torino Capital Chief Economist Francisco Rodriguez.
RELATED:
Maduro's Approval Rating Surges After Recovery Plan Launch
Rodriguez is well-known as an outspoken critic of the Maduro government, but in his recent article he recognizes that Washington’s “misguided” sanctions are exacerbating falling oil production in Venezuela and as such, pejoratively affecting general living standards.
"The resulting loss of access to credit appears to have helped precipitate the collapse in oil output, driving the resulting economic contraction."
"Our point is that the spilling over of this political crisis into the arena of finance had consequences for the country’s economy and for the living standards of Venezuelans."
Despite problematic comparisons between Venezuela and Iraq and Syria and charged anti-government rhetoric, Rodriguez presents a coherent economic argument against U.S. sanctions which, amongst other things, block international payments.
"I argue that Venezuela’s economy has imploded because it can’t import."
Finally, Rodriguez deconstructs Washington’s argument that the sanctions only impact high-ranking figures in the Venezuelan government, claiming that:
"Advocates of sanctions on Venezuela claim that these target the Maduro regime but do not affect the Venezuelan people. If the sanctions regime can be linked to the deterioration of the country’s export capacity and to its consequent import and growth collapse, then this claim is clearly wrong."
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Venezuelanalysis.com team.
Venezuelan economist Francisco Rodriguez, a longtime critic of the Venezuelan government, wrote a piece showing that after sanctions Trump introduced in August of 2017 Venezuela’s oil production dropped much faster than analysts had predicted it would. Rodriguez was the economic advisor to former presidential candidate Henri Falcon, who defied US threats to run in Venezuela’s presidential elections that were held in May despite the boycott of other opposition leaders.
Full article: https://www.telesurtv.net/english/opinion/Trumps-Sanctions-Have-Cost-Venezuela-6B-Since-August-2017-20181005-0020.html
Bewbs just because…….
Brother Nathaniel on the religion of Vladimir Putin. The Orthodox church is at the center of Russian society. Indertasting watch.