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 That Retard Maduro Unveils "The Petro": Venezuela's Official Cryptocurrency To "Overcome Financial Blockade"

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That Retard Maduro Unveils "The Petro": Venezuela's Official Cryptocurrency To "Overcome Financial Blockade" Vide
PostSubject: That Retard Maduro Unveils "The Petro": Venezuela's Official Cryptocurrency To "Overcome Financial Blockade"   That Retard Maduro Unveils "The Petro": Venezuela's Official Cryptocurrency To "Overcome Financial Blockade" Icon_minitimeSun Dec 03, 2017 6:30 pm

Three months ago, in a not entirely surprising move meant to circumvent US economic sanctions on Venezuela, president Nicolas Maduro announced that his nation would stop accepting dollars as payment for oil imports, followed just days later by the announcement that in a dramatic shift away from the Petrodollar and toward Beijing, Venezuela would begin publishing its oil basket price in Chinese yuan. The strategic shift away from the USD did not work quite as expect, because a little over two months later, both Venezuela and its state-owned energy company, PDVSA were declared in default on their debt obligations by ISDA, which triggered the respective CDS contracts as the country's long-expected insolvency became fact.

That Retard Maduro Unveils "The Petro": Venezuela's Official Cryptocurrency To "Overcome Financial Blockade" Maduro%20dances_0

Fast forward to today when seemingly impressed by the global crypto craze, Maduro on Sunday announced the creation of the "Petro", Venezuela's official cryptocurrency "to advance in the matter of monetary sovereignty, to make financial transactions and to overcome the financial blockade".

http://www.zerohedge.com/news/2017-12-03/petro-venezuelas-maduro-announce-launch-first-government-backed-cryptocurrency

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That Retard Maduro Unveils "The Petro": Venezuela's Official Cryptocurrency To "Overcome Financial Blockade"

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