It’s no secret that foes of the United States – including Venezuela, Iran, Russia, and China – are experimenting with cryptocurrency technology as they seek to render their economies immune to crippling US sanctions. However, a new study from the Foundation for Defense of Democracies (FDD) exposes the lengths to which these rogue nations are … Read more
The president of Venezuela, Nicolas Maduro, has announced an order requiring Banco de Venezuela —the country’s biggest bank— to open desks for transactions in Petros in each of its near 790 agencies across the country. Maduro stated: “I am giving the explicit order to open Petro transaction desks at all Banco de Venezuela agencies.” #EnVivo … Read more
By CCN.com: Rep. Ilhan Omar (D-Minn.) is a Mogadishu-born political pirate. A freshman congresswoman who is hijacking America’s headlines—just as Somali pirates hijack ships in the Arabian Sea. Socialists like Omar and Rep. Alexandria Ocasio-Cortez (D-N.Y.) masquerade as “caring” Democrats. But they hate America and demonize “the white man.” This past week, Fox News’s Jesse … Read more
By CCN.com: As the political and economic crisis in Venezuela escalates, citizens of the South American country are taking refuge in Bitcoin. In the final week of April, a record amount of Venezuelan bolivars were spent buying bitcoin per Coin Dance. Specifically, bitcoin worth more than 36.5 billion bolivars were purchased last week. The previous … Read more
By CCN.com: The petro token, one of the last financial schemes crafted by Venezuelan President Nicolás Maduro, will likely fall by the wayside like his regime if the uprising against him is successful. This is the corrupt, illegitimate Maduro Regime. pic.twitter.com/79sFbYrzOp — The White House (@WhiteHouse) April 30, 2019 In a move that caught many … Read more
The power is out. The lights are off. Civilization has completely fallen apart. No one knows who’s in charge any more. And Venezuela is highly polarized and tense.
In a scene reminiscent of a post-apocalyptic nightmare scenario, one that is absolutely real (and the nightmare apocalypse was Hugo Chavez and Nicolás Maduro’s lives’ work of socialist hellraising), protestors hit the streets of cities roiled by blackouts Saturday.
Eight tons of gold has been taken out of the vaults of Venezuela’s central bank as tightening sanctions push President Nicolas Maduro to take extraordinary measures to remain solvent. Per opposition legislator Angel Alvarado and anonymous government sources, the gold was removed from the central bank vaults last week. Alvarado told Reuters that the gold … Read more
Donald Trump sent the oil market into a tailspin Monday with one tweet claiming oil prices are too high and blaming OPEC for it. Is Trump unaware that oil prices are a function of supply and demand? Or is he deliberately shifting the blame off his destructive embargo of Venezuela? Oil prices getting too high. … Read more
Russia’s third-biggest bank by assets Gazprombank has elected to freeze the bank accounts belonging to Venezuelan state oil firm Petróleos de Venezuela, S.A. (PDVSA), Reuters reports. Citing sources, the report indicated that the state-owned lender did so to lower its risks of coming under U.S. sanctions. Alongside China, Iran, Turkey and other countries, Russia is … Read more
After years of hiding behind the fig leaf of socialism and revolutionary anti-imperialist rhetoric, the embattled Venezuelan government of Nicolas Maduro has shown its true colours with a new 15 percent tax on cryptocurrency transactions that may be best described as opportunistic, if not an act of outright tyranny. Venezuela’s New Cryptocurrency Tax At a … Read more