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RE: SHOCKING: Venezuela General Suggests Literally KILLING Protestors! Chaos, Panic, and Civil Unrest!
I realize the situation that Venezuela is in and the banking/ political/ commodity issues that are associated with their crisis, but they really should adopt the US dollar. It obviously isn't a popular move; however, the amount of suffering in the country could be reduced at least temporarily.
Yep people in Venezuela are using the US dollar. Unfortunately its traded in the black market. A couple hundred US dollars will get you a duffle bag full of bolivares that will barely buy you a cup of Starbucks.
Venezuela adopting the US $ would mean adopting a dying currrency; "one step forward two steps back"! China, Russia and the Brics nations are already building their own monetary system... maybe backed by Gold, maybe backed by Bitcoin. Dave, I'm sure you will sooner than later be able to earn enough money with steemit to pay your food, cause people don't like to get censored and though there will be more turning their back on youtube and their GESTAPO-methods building a "3. Reich"!
Zooropa, your response is accurate; however, do you think it is possible with the western banks tactics? I can't imagine that it is easy for Venezuela to associate with BRICS nations.
You're absolutely right, esenca. The US will never allow any nation to step back from their world reserve currency hegemony; they will do everything to keep their system going; but they are getting weaker every day; China & Russia & India are hording Gold like crazy; Bitcoin and some other currencies are on the rise, because the Fiat monetary system is losing ground. The people will no longer bear the life diminishing conditions. Venezuela will spread around the world...