Carbon-Dioxide: the gas of life!
-
Venezuela is pegging its economic recovery to a cryptocurrency that's widely considered a scam
Venezuela is doing something completely unprecedented. Some even say illegal. As part of an attempt to stop skyrocketing inflation, the country is issuing a new fiat currency called the "sovereign bolivar," which will be backed by a cryptocurrency. But that cryptocurrency called the "petro" does not trade, and Venezuela's own parliament says it's being illegally used to mortgage the nation's cash-strapped oil reserves. "This is a smoke and mirrors operation typical of Venezuela — I'll believe it when I see it," said Steve Hanke, professor of applied economics at Johns Hopkins University and one of the ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Aug 20, 2018 1:04pm Aug 20, 2018 1:04pm
- Exodus
- Joined May 2012 | Status: CoC'd again ! | 4761 Comments
- Comment #2
- Quote
- Aug 20, 2018 1:14pm Aug 20, 2018 1:14pm
- fxsport
- Joined Jul 2007 | Status: Member | 2661 Comments
...because you never know - until you do!
- Comment #3
- Quote
- Aug 20, 2018 1:38pm Aug 20, 2018 1:38pm
- Ziko9o8
- Joined Mar 2011 | Status: Member | 84 Comments
- Comment #4
- Quote
- Aug 20, 2018 1:44pm Aug 20, 2018 1:44pm
- kenleander
- | Joined Aug 2010 | Status: Member | 707 Comments
- Comment #5
- Quote
- Aug 20, 2018 1:47pm Aug 20, 2018 1:47pm
- Exodus
- Joined May 2012 | Status: CoC'd again ! | 4761 Comments
Carbon-Dioxide: the gas of life!
- Comment #6
- Quote
- Aug 20, 2018 2:04pm Aug 20, 2018 2:04pm
- kenleander
- | Joined Aug 2010 | Status: Member | 707 Comments
- Comment #7
- Quote
- Aug 20, 2018 10:28pm Aug 20, 2018 10:28pm
- attrium
- | Joined Aug 2007 | Status: FXScientist | 198 Comments
The greatest risk in life, is not taking one!
- Comment #8
- Quote
- Aug 21, 2018 12:19am Aug 21, 2018 12:19am
- mrlfx
- | Membership Revoked | Joined Jul 2012 | 416 Comments
- Comment #9
- Quote
- Aug 21, 2018 1:39am Aug 21, 2018 1:39am
- Wize
- | Joined Nov 2017 | Status: Member | 56 Comments
The market is designed to fool most of the people, most of the time.
- Comment #10
- Quote
- Aug 21, 2018 10:10am Aug 21, 2018 10:10am
- sidhujag
- Joined Apr 2009 | Status: Non-Member | 930 Comments
- Comment #11
- Quote
- Aug 21, 2018 10:28am Aug 21, 2018 10:28am
- Exodus
- Joined May 2012 | Status: CoC'd again ! | 4761 Comments
Carbon-Dioxide: the gas of life!