Skip to main content

Signs showing Venezuela already escaping Western sanctions through the 'back door' of its new Cryptocurrency


The developments in the field of the global currency war are rapid. Venezuela proceeds fast in issuing its own Cryptocurrency by mobilizing a potential of more than 800,000 'miners' inside the country!

The most fascinating thing in the whole story, is probably the fact that the stupid Western strategy of sabotaging the Venezuelan economy through various actions inside and outside the country, is pushing Venezuela towards a pioneering path of the electronic transactions of the future.

As TeleSur reports:

This would be the first time that Venezuela's “Petros” receive the endorsement of other nations. During a meeting with foreign investors, Minister José Vielma Mora announced Tuesday that he received a “group of Brazilian businesspeople who wished to invest in Venezuela US$300 million, starting with a US$100 million inversion.

Poland, Dinamarca, Honduras, Norway, Vietnam among others also expressed interest in exporting goods to Venezuela like food and medicine for a total amount of US$435 million, while receiving payment with Venezuela's new crypto-currency, reported Venezuela's Ministry of Foreign Trade. He added that a Canadian trade chamber also planned to invest in Venezuela “in pharmaceutics for humans and animals.” He recalled that the government emitted a total 82,4 million Petros for a start, to be put on pre-sale on Feb. 20 through the creation and sale of a token from the blockchain platform Ethereum.

President Nicolas Maduro created the Petro last Dec. 3 in order to counter the economic blockade imposed by the United States and Europe, while giving the country news ways of accessing the international market.

Already 860,000 Venezuelans have signed up to be part of the South American nation’s “mining” team. The Registry of Cryptocurrency Miners, which was launched by Venezuela's Superintendence of Cryptocurrencies and Related Activities, will remain open until Jan. 21, and is the only portal by which mine farmers can access the new cryptocurrency.

The Superintendency, as well as the Blockchain Observatory, will regulate how the Petro functions.



The big news here is that foreign countries and investors, even from the West, seem to have ignored, at least for now, the 'order' of the US empire to exclude Venezuela from their transactions. Also, it seems that they have no problem with the fact that oil deposits are currently under state control. This is highly important because we know that Venezuela has become a primary target of the US empire since Hugo Chavez years because he had the 'audacity' to nationalize oil deposits, throwing the US big oil companies out of the country.

These are further signs that the dollar-dominated global economy may end sooner than one would have thought.

When in mid-October 2017, Russia announced that is considering to issue its own Cryptocurrency, the Cryptorouble, we estimated that, with the technology of more powerful computers in close future that could 'mine' Cryptocurrencies at much faster rate, the number of people who will choose to abandon traditional currencies may rise rapidly. Those who will set-up such a de-centralized financial system, will gain a great advantage against the obsolete system of traditional currencies controlled by central banks. Even entire countries may choose to jump into the new system, in order to escape from the monopoly of the Western hard currencies.

The fierce economic war against Venezuela has forced the country to move faster than Russia and dare to make a risky pioneer step. It seems that it may be proved quite effective in its effort to bypass the Western monetary monopoly.

If Venezuela succeeds, Pandora's box will open for good. It would be very difficult for the Western financial centers to control the brand new 'universe' of alternative transactions. Naturally, the more countries will start adopting the Cryptocurrency alternative, the more Wall Street panic will grow.

Previously:

Comments

  1. Thank you so much for the post you do. I like your post and all you share with us is up to date and quite informative, i would like to bookmark the page so i can come here again to read you, as you have done a wonderful job.
    industry

    ReplyDelete

Post a Comment

Popular posts from this blog

How CIA altered the ending of Orwell's 'Animal Farm' to project Communism as the sole tyrannic system

globinfo freexchange

This interesting short documentary by AJ+, explores the cultural war between the United States and the Soviet Union during the Cold War. In an effort to project Communism as the evil against capitalist West and the "free world", CIA had to covertly interfere through various ways in art, music, literature, philosophy.

In one of these cases, the documentary reveals how CIA altered the ending of Orwell's 'Animal Farm' to project Communism as the sole tyrannic system. It is also interesting the fact that the case involved an animated film, indicating that CIA's cultural propaganda was targeting minor Americans in order to "train" them ideologically.

According to the story, George Orwell, who wrote such middle-school classics as 1984 and Animal Farm, described himself as a Democratic Socialist. And he was actually pretty anti-Stalinist and anti-Soviet-style socialism, something which was unusual among Leftist circles at the time.

We already live in a permanent recession in which the Wall Street mafia secretly and continuously is being bailed out with billions by the Fed!

globinfo freexchange
Jimmy Dore and Dylan Ratigan explain in this video the secret mechanism through which the Fed is permanently bailing out the Wall Street mafia with billions. 
Dore refers to a September article by CNN Business with information that, under normal circumstances, should have made big headlines, generating massive anger.
We were trained not to be surprised by the liquidity injections that the central banks like the Fed and ECB provide to the biggest financial institutions. When at the same time, the real economy, and especially the small-medium business sector is literally struggling to survive in the capitalist West.
Yet, in this case, some additional information reveals something impressive. As Dore highlights from the article: 
                  Until this week, the Fed hadn't launched an operation like this since 2008. [...] Still, the fact the Fed needed to pump $128 billion into the system on successive days shows that a crack has emerged in a seldom-discusse…

It's now or never: the first step for a Sanders/Corbyn synchronization in power must be done on 12 December in UK

This is a once-in-a-lifetime opportunity for the global working class
by system failure
Two years ago, we wondered whether a US government under Bernie Sanders, together with a UK government under Jeremy Corbyn, could mark a decisive victory against neoliberalism. Whether it could mark the beginning of the end of the Reagan/Thatcher awful legacy.

It seems that the time has come for the first step towards this prospect.

The oncoming UK general election on Thursday 12 December 2019, will be the most critical for decades, especially for the global working class. The outcome will determine to a significant degree, whether the capitalist West will change course away from the destructive neoliberalism, towards a form of Democratic Socialism. A new model that will resurrect the social state, while at the same time, will seriously deal with the great environmental challenges, defying big interests and rejecting the for-profit-wars model.



As we already pointed out, the whole Brexit issue is pri…

The global youth radicalization and the fight for Socialism

by Eric London
Across the world, in countries as culturally distinct as Ecuador, Lebanon, France, Germany, the US, Iraq, Chile and Haiti, a new generation of working class youth is making its powerful entrance onto the battlefield of the global class struggle.

Citing the international scope of recent mass demonstrations, the Guardian's Simon Tisdall recently wrote: “Each country’s protests differ in detail, but recent upheavals do appear to share one key factor: youth ... This global phenomenon of unfulfilled youthful aspirations is producing political time bombs. Each month in India, one million people turn 18 and can register to vote. In the Middle East and North Africa, an estimated 27 million youngsters will enter the workforce in the next five years.

The political awakening of the most educated, urbanized and technologically interconnected generation in history is of critical strategic significance for the entire working class. 
Born beginning in the 1990s, today's youth…

Το Μητσοτακικό καθεστώς βάζει σε εφαρμογή το σχέδιο για τη δημιουργία κράτους σκληρής καταστολής

globinfo freexchange

Μετά το πρώτο βήμα που έκανε το Μητσοτακικό καθεστώς για τη δημιουργία Ειδικών Οικονομικών Ζωνών εντός της Ελληνικής επικράτειας, δηλαδή για τα φέουδα του 21ου αιώνα, όπως είχαμε προβλέψει, φαίνεται ότι, δυστυχώς, αρχίζει να επαληθεύεται και το σχέδιο για την ανασύσταση του δεξιού παρακράτους.  
Ήδη από το Μάιο του 18, είχαμε επισημάνει ότι σε ομιλία του στη βουλή, ο Μητσοτάκης ξεκίνησε το παραλήρημα του περί βίας αναφερόμενος συγκεκριμένα στα 'Εξάρχεια', τους 'Ρουβίκωνες' και τους 'αγανακτισμένους'. Και στο σημείο αυτό, πάλι κάτι ξέχασε: τους φασίστες.
Έτσι, έστειλε σήμα στους μηχανισμούς του αστικού καθεστώτος ότι θα συνεχίζει να το προστατεύει εγκαθιστώντας ένα κράτος σκληρής καταστολής, χωρίς να πειράξει το ακροδεξιό βαθύ κράτος που επιστρατεύει η εγχώρια ολιγαρχία όταν αισθάνεται κίνδυνο. Ένας κίνδυνος που μπορεί να έρθει σε περίπτωση νέων αναταραχών από τις βάναυσες πολιτικές λιτότητας που ο Μητσοτάκης θα συνεχίσει να εφαρμόζει π…

Slavoj Zizek: we may be entering an era of widespread civil unrest

RT
Anti-establishment protests are popping up all over the world, in countries with different political systems, and various levels of wealth. We may be entering an era of widespread civil unrest.

Trump threatens to transfer the endo-capitalist war into a civil war level

globinfo freexchange
Donald Trump finally counter-attacked against corporate Democrats and their persistent desire to impeach him, through the ultimate threat: a civil war. In a recent tweet he wrote:
"... If the Democrats are successful in removing the President from office (which they will never be), it will cause a Civil War like fracture in this Nation from which our Country will never heal.
....If the Democrats are successful in removing the President from office (which they will never be), it will cause a Civil War like fracture in this Nation from which our Country will never heal.” Pastor Robert Jeffress, @FoxNews — Donald J. Trump (@realDonaldTrump) September 30, 2019
Speaking to the Real News Network, Jeet Heer of The Nation pointed out:
The civil-war tweet is almost like a threat. It’s like, 'Well, this is a nice little Republic you got here, and it’d be a shame if anything happened to it.' But the thing is that this civil-war talk did not originate from T…

Under digital surveillance: how American schools spy on millions of kids

Fueled by fears of school shootings, the market has grown rapidly for technologies that monitor students through official school emails and chats
by Lois Beckett

Part 5 - Shifts in culture

School officials say that their primary motivation for using surveillance technology is the chance to save a student’s life. But schools are monitoring students’ digital documents in real time for a wide range of content they see as problematic, from swear words to nude images and pornography to cyberbullying to evidence of drug and alcohol use.

In Weld county, Colorado, a student emailed a teacher that she heard two boys were going to smoke weed in a bathroom, Hernandez, the student services and safety director, said. Gaggle immediately alerted school officials: “Within four minutes of her sending this email, the troops had deployed,” she said.
Gaggle also automatically sends students a scolding email any time they use a profanity.

A few school districts have chosen not to send students Gaggle’s war…

Julian Assange's extradition process is 'a charade'

The Real News Network
Filmmaker John Pilger attended Julian Assange's last court hearing and observed not only that Assange is visibly suffering from prison mistreatment, but his defense is not being given a fair chance to make its case against his extradition to the US.


Bernie and AOC demonstrate how Baby Boomers could help Millennials escape the neoliberal Matrix

globinfo freexchange
In a recent ad, Alexandria Ocasio-Cortez explains why she endorsed Bernie Sanders for President. Yet, it would be interesting to examine a specific point she makes at the beginning of this short video. AOC says:
                    The first time I ever heard about Bernie Sanders was when I was a waitress in a greasy spoon diner type of restaurant in downtown Manhattan. And I had been working 12 hour days. I didn't have health insurance. I was being paid less than a living wage. And I didn't think that I deserved any of those things, I thought that that's just how life was.

Her last (highlighted) phrase tells you a lot of how deeply the neoliberal perception has penetrated inside societies and especially inside the minds of new generations. Entire generationshave been trained to believe that that's how things are, in order to accept the neoliberal order and retire from any attempt to overthrow it.
As we wrote in a previous article, during the last f…