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Trump Prohibits U.S. Purchases of Venezuelan Cryptocurrency


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2018 Mar 19, 10:27am   2,850 views  5 comments

by Patrick   ➕follow (55)   💰tip   ignore  

https://www.bloomberg.com/news/articles/2018-03-19/trump-prohibits-u-s-purchases-of-venezuelan-cryptocurrency

President Donald Trump banned U.S. purchases of a cryptocurrency the Venezuelan government is rolling out, as part of a campaign to pressure the government of President Nicolas Maduro.

Trump issued an order on Monday prohibiting U.S. citizens from engaging in transactions using the oil-backed currency, called the Petro. He authorized Treasury Secretary Steven Mnuchin to issue any necessary regulations to enforce his order.

Maduro created the currency to try to salvage his country’s failing economy, where inflation is estimated to spiral to 13,000 percent this year.


Ironically, this prohibition is the best possible advertising for the "Petro". Trump should know better than to even mention something he wants people to avoid, having been elected exactly because press hysteria kept him in the headlines every day during the election.

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1   Goran_K   2018 Mar 19, 10:31am  

This is how backwards leftist are. Maduro realizes his socialist economy is collapsing, so what does he do? Introduce capitalism? Give incentive for foreign capital to flow into the country?

Nope. Create a state owned crypto currency backed by oil that no one would even trust anyway due to the political corruption prevalent within his government.
2   Strategist   2018 Mar 19, 9:39pm  

HEYYOU says

Bet Rep/Cons on patnet have not & never will buy any imports until Trump places his 35% tariff on the crap that they could buy from Communist countries.

Communist countries don't make anything worth buying except for Vodka and drugs. (China practices capitalism)

HEYYOU says
I'm sure that Venezuelan cryptocurrency is a bigger threat.

The Venezuelan cryptocurrency is only a threat to the starving people of Venezuela. The longer Maduro survives, the more Venezuelans will starve. It's in the interests of humanity to assassinate Maduro.
3   Goran_K   2018 Mar 20, 8:17am  

Strategist says
The Venezuelan cryptocurrency is only a threat to the starving people of Venezuela. The longer Maduro survives, the more Venezuelans will starve. It's in the interests of humanity to assassinate Maduro.


Yup. At this point his death would save millions.
4   RWSGFY   2018 Mar 20, 8:22am  

someone else says
Ironically, this prohibition is the best possible advertising for the "Petro".


Yes! And to show that Trump guy how much they hate him all people of good will should liquidate all their investments and go long on Petro!
5   Strategist   2018 Mar 20, 9:17am  

Goran_K says
Strategist says
The Venezuelan cryptocurrency is only a threat to the starving people of Venezuela. The longer Maduro survives, the more Venezuelans will starve. It's in the interests of humanity to assassinate Maduro.


Yup. At this point his death would save millions.


Keeping Maduro alive makes us murderers.

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