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:
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.
ReplyDeleteindustry