As someone who follows the wikileaks and the actual fourth estate not failing New York Times hacks, gotta be wondering if the CIA and other Western Powers may have some plans to counteract Venezuela's new oil involved currency called petro. As the wikileaks email linked below from Sid Blumenthal to Crooked H states:
It appears that perhaps Clinton's ties to France, LaFarge, or ties to Nato/military industrial complex might have influenced here decision to come, see and kill Ghaddafi all so slaves can now be being sold in the streets. They did a good job making a place from Isis to srping with removing Saddam and debaathificiation, n Syria n' Libya.
Anywho will be interesting if any coups/ military bullshit in that region of the world--especially if Maduro's currency goes some where and especially if it helps fight hyperinflation. The zero hedge article discusses how this new possibly crypto possibly oil futures based coin called Petrom which has raised perhaps up to a few billion if not more in a coin presale that ends March 19. The article asserts Venezuela has the most "readily retrievable oil reserves" having much more than Saudi Arabia and Kuwait.
Venezuelan President Maduro has signed an executive order regarding the white paper for the new crypto currency. The article then goes on to analyze the white paper.
It is it is unclear when all this infrastructure will be in place or whether it is but the plans seem to be Venezuelan oil will be able to be purchased in Petro, additionally "all public and private services like hotels or services of the Venezuelan consulates can now legally accept Petro as means of payment." Will be interesting, perhaps this new currency will help generate more USD or other fiats while possibly creating a multiplier effect by hopefully stabilizing prices.
The zero hedge article also gives a list of 7 interesting questions, the first being is it a cryptocurrency or an oil future--which it sounds like it is clearly planned as a currency, with the ability to be redeemed for oil at a set price. the other questions were about the market mechanics and worries of money laundering.
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