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RE: Venezuela Officially Drops the U.S. Dollar on all Oil Trades/ Will the U.S. "Bring Democracy" in Retaliation?
Well, if China and Russia are supporting the Venezuelan economy, I would hate to see what it would be like if they weren't. It's hard to imagine worse than 1.4 million percent inflation.
You guys are all forgetting about the Petro cryptocurrency that is supposed to be tied to Venezuelan oil, that rumor has it is actually a Russian plot all along. One that all crypto enthusiasts should really be embracing as it provides a ridiculous amount of liquidity and a potential stable price tether
I'm not going to trust it if it is run by the Venezuelan government. Or any government for that matter.
While I understand your sentiment, I'm still hopeful. I'm not heavily invested or anything, but I do pray that this a successful power play for BRICS as It would increase faith in crypto if they are able to pull it off.
It is also worth noting that if Russia is behind it they wont let anybody just step in and start killing people. They've already successfully kept everyone out of Africa in regards to oil. Thats why nobody is intervening in South Africa