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RE: What is happening and what will happen in Venezuela.

in #busy6 years ago

This makes very little sense, because according to the government, the price of the petroleum is equivalent to one barrel of oil, but the White Paper of the petroleum says that the market value will be in Bolivares, that is, the Bolivar is based on something that is supports in the Bolivar. The Bolivar will be supported by something that nobody accepts, something that does not exist.


The idea escapes us because the definition criterion should have been the following: The value of the Petro - Venezuelan crypto money - is equivalent to the price at which a barrel of oil is found. Currently averaging $60. There is a so-called White Paper, but it is from Petro, not from oil. Therefore, I quote: the value of Petro will be based on the Bolivar as the unit of national currency...''. And you conclude, "The Bolivar will be supported by something that nobody accepts, something that doesn't exist." The point is, that although the Petro as a krypton currency will be based on the value of the barrel of oil and the barrel of oil depends on the "unit dollar", the Government plays and bets on the ignorance of the Venezuelan people. It's a pun that doesn't have a handle.
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