Keyword: nicolasmaduro

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  • Venezuela pegging its economic recovery to a cryptocurrency that’s widely considered a scam

    08/20/2018 10:09:35 AM PDT · by NRx · 65 replies
    CNBC ^ | 08-20-2018 | Kate Rooney
    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 world's leading experts on hyperinflation. "The...
  • Maduro's cryptocurrency 'genius' once pushed US sanctions (Venezuela, Russia, Turkey)

    07/25/2018 3:37:03 PM PDT · by Texas Fossil · 8 replies
    AP News ^ | Mar. 19, 2018 | JOSHUA GOODMAN
    CARACAS, Venezuela (AP) — A chief strategist of Venezuela's government-backed cryptocurrency is a former U.S. congressional intern who once organized protests against the same socialist administration he's now helping to circumvent U.S. financial sanctions.Gabriel Jimenez, 27, was catapulted to something of tech stardom in Venezuela last month when he stood alongside President Nicolas Maduro and two Russian businessmen on national TV signing a contract to position the petro, as the fledgling currency is known, among international investors."It's a company founded and led by young Venezuelan geniuses, boys and girls of Venezuela, who have one of the most technologically advanced blockchain...
  • Venezuelan leader 'survives drone attack' and blames Colombia

    08/05/2018 9:25:49 PM PDT · by robowombat · 15 replies
    ITV ^ | Aug 5, 2018
    Venezuelan president Nicolas Maduro dodged an apparent assassination attempt when drones armed with explosives detonated while he was delivering a speech, officials said. Mr Maduro and his wife, Cilia Flores, looked up at the sky and winced on Saturday after hearing the sound of an explosion pierce the air. He was giving a speech to hundreds of soldiers in Caracas which was being broadcast live on television when the incident occurred. “This was an attempt to kill me,” the 55-year-old said later in an impassioned retelling of the events. "Today they attempted to assassinate me." A uniformed official bleeds from...
  • ATENTADO CONTRA NICOLAS MADURO - VENEZUELA - 4 Agosto 2018 (Video: Bomb Ends Military Parade!!!)

    08/04/2018 3:52:10 PM PDT · by PJ-Comix · 53 replies
    YouTube ^ | August 4, 2018 | P.J. Gladnick
    VIDEO
  • Hey, Alexandria Ocasio-Cortez, are you listening? Venezuelan leader ADMITS socialism has FAILED

    08/01/2018 5:16:08 AM PDT · by SleeperCatcher · 59 replies
    The National Sentinel ^ | 8/1/18 | USA Features
    Life Lesson: Democratic Socialist Alexandria Ocasio-Cortez, a rising star in the increasingly far-Left Democratic Party, has been running from TV show to TV show proclaiming the joys of socialism. During a recent appearance on The Daily Show with Trevor Noah, she offered a rambling ‘defense’ of an economic model that revolves around government theft and redistribution — taking from those who are the most productive and giving to those who are the least productive. In the end, as British Prime Minister Margaret Thatcher once observed of the socialist economic model, you will always run out of other people’s money. Ocasio-Cortez,...
  • Labour’s Would-be Chancellor: We Will ‘Overthrow Capitalism’ And ‘Radically Transform Society’

    05/21/2018 5:41:39 AM PDT · by Enlightened1 · 35 replies
    Breitbart ^ | 05/21/18 | Liam Deacon
    Labour’s Shadow Chancellor and right-hand man to party leader Jeremy Corbyn has said it is his “job” to “overthrow capitalism” and “radically” transform society, whilst praising the former leader of socialist Venezuela. John McDonnell repeatedly and emphatically backed bringing down the UK’s system of free enterprise and trade in an interview with the BBC, as well as calling for private firms to hand over their profits to the state. The man who Labour would put in charge of the Treasury, tasked with running Britain’s economy, said he aimed to transform society “in a way that radically changes the system”....
  • Venezuela election: Maduro wins second term amid claims of vote rigging

    05/20/2018 8:21:18 PM PDT · by Nextrush · 34 replies
    BBC News ^ | 5/20/2018 | BBC
    Venezuela's electoral council says President Nicolas Maduro has won re-election, in a vote marred by an opposition boycott and claims of foul play. Early reports said turnout for the vote was unusually low-about 46% of the electorate. The main opposition candidate, Henri Falcon, rejected the result soon after the polls closed, calling it invalid....... Government officials said the polls were "free and fair" but most of the opposition boycotted the vote. The administration of the US President Donald Trump has said it will not recognize the results of the election. Posting on Twitter ahead of the vote, the US mission...
  • Venezuela is Launching a Crypto Currency Backed by Oil, Gas, Gold and Diamonds

    12/09/2017 6:40:17 PM PST · by Bon mots · 32 replies
    CNBC ^ | Dec. 3, 2017 | Staff
    Venezuelan President Nicolas Maduro looked to the world of digital currency to circumvent U.S.-led financial sanctions, announcing on Sunday the launch of the "petro" backed by oil reserves to shore up a collapsed economy. The leftist leader offered few specifics about the currency launch or how the struggling OPEC member would pull off such a feat, but he declared to cheers that "the 21st century has arrived!" "Venezuela will create a cryptocurrency," backed by oil, gas, gold and diamond reserves, Maduro said in his regular Sunday televised broadcast, a five-hour showcase of Christmas songs and dancing. The petro, he...
  • Enter the 'petro': Venezuela to launch oil-backed cryptocurrency

    12/03/2017 4:08:56 PM PST · by mdittmar · 23 replies
    Reuters ^ | December 3, 2017 | Alexandra Ulmer, Deisy Buitrago
    CARACAS (Reuters) - Venezuelan President Nicolas Maduro looked to the world of digital currency to circumvent U.S.-led financial sanctions, announcing on Sunday the launch of the “petro” backed by oil reserves to shore up a collapsed economy.The leftist leader offered few specifics about the currency launch or how the struggling OPEC member would pull off such a feat, but he declared to cheers that “the 21st century has arrived!”
  • Governments Hate Bitcoin and Cash for the Same Reason: They Protect People’s Privacy.

    02/07/2018 9:10:36 AM PST · by SeekAndFind · 16 replies
    Reason ^ | 02/07/2018 | J.D. Tuccille
    Publicly fretting about Bitcoin and other cryptocurrencies, last month, Treasury Secretary Steve Mnuchin assured an audience at the Economic Club of Washington that "one of the things we will be working very closely with the G-20 on is making sure that this doesn't become the Swiss numbered bank accounts." He specifically cited the difficulty cryptocurrencies pose to tracking transactions as a major concern. Soon afterward, India's finance minister, Arun Jaitley, sounded an even stronger note, saying, "The government does not consider crypto-currencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate...
  • How Bernie Sanders's minimum wage hike idea works in Venezuela

    01/06/2018 8:31:21 AM PST · by MtnClimber · 27 replies
    American Thinker ^ | 6 Jan, 2018 | Monica Showalter
    Bernie Sanders has opined for years on the necessity of raising the minimum wage to $15 an hour, explaining that: By phasing in a pay raise for tens of millions of workers, we can improve living standards, lift families out of poverty, and provide a much-needed boost to our economy. Our bill will raise the wages of 41 million workers — an extra $3,500 a year in pay for full-time workers. The socialist Senator this past year introduced legislation in the Senate for the wage hike and while that didn't succeed (so far) has made the $15 wage call a...
  • Venezuelans Abandon Bolivar – Merchants Insist On Being Paid In Dollars (Wonderful Socialism)

    12/27/2017 6:48:50 AM PST · by blam · 34 replies
    Capitol Zero ^ | 12-27-2017
    Venezuelans are struggling to carry out basic transactions like purchasing food as the value of their currency, the bolivar, has plunged against the dollar amid the country’s worsening economic collapse. According to Reuters, over the past year, Venezuela’s currency weakened 97.5% against the greenback: Put another way, $1,000 of local currency purchased in early January would be worth just $25 now. The annual inflation rate in 2017 could reach $2,000. Though at least one other estimate puts the real rate of inflation closer to 2,800%. Of course, President Maduro has blamed websites like DolarToday – which publishes the closest thing...
  • It takes 556 days of computing and a hefty electricity bill to mine a single bitcoin. [tr]

    01/18/2018 12:16:27 PM PST · by C19fan · 76 replies
    South China Morning Post ^ | January 17, 2018 | Amanda Lee and Josh Ye
    At the Golden Arcade at Sham Shui Po, a new product is creating a stir among the community of geeks, gamers and offbeat collectors that call this jam-packed shopping centre in Kowloon their haven. A banner that reads “Mining Specialist” stands out from among all the stores selling X-Box games, comic books, action hero figurines and video game consoles.
  • Cryptocurrencies Don’t Make Sense

    02/14/2018 7:44:46 AM PST · by SeekAndFind · 103 replies
    Naked Capitalism ^ | 02/14/2018 | Jon Danielsson
    By Jon Danielsson, Director of the ESRC funded Systemic Risk Centre, London School of Economics. Originally published at VoxEUCryptocurrencies are supposedly a new and superior form of money and investments – the way of the future. The author of this column, however, does not see the point of cryptocurrencies, finding them no better than existing fiat money or good investments.I have been trying to understand what the point of cryptocurrencies is, without success. They may not be an immediate financial stability concern (den Haan et al. 2017), but I just don’t get them.As far as I can tell, they...
  • Nobel Prize-Winning Economist Says Bitcoin “Ought to be Outlawed” (Video)

    12/05/2017 5:19:26 AM PST · by E. Pluribus Unum · 29 replies
    Futurism.com ^ | November 30, 2017 | Patrick Caughill
    A Nobel Prize-winning economist says that Bitcoin should be outlawed. He states that the currency holds no real function and can easily be brought down by regulation. ROUGE CURRENCY The 2001 recipient of the Nobel Memorial Prize in Economic Sciences, Joseph Stiglitz, voiced some strong opinions about Bitcoin in his latest interview with Bloomberg Television. Stiglitz is a former economic advisor to the Clinton Administration and chief economist of the World Bank; he currently serves as a Professor at Columbia University. Stiglitz told Bloomberg that “Bitcoin is successful only because of its potential for circumvention, lack of oversight.” He continued,...
  • Q Anon: (3/5/18) Continued from Friday's thread. FRiendly Freeper Collaboration

    03/05/2018 12:05:20 AM PST · by ransomnote · 1,394 replies
    qanonmap.github.io ^ | March 5, 2018 | FReepers, vanity
    This thread is a friendly collaborative place for FReepers to analyze information and share opinons. FReepers have a wide variety of reasons for investigating Q Anon content; this is not the appropriate place to criticize or badger those who choose to use some of their time in this manner. This thread is a continuation of the prior Q Anon thread located here: http://freerepublic.com/focus/chat/3636549/posts I plan to post one thread at a time and ping new drops posted to it. The current schedule is to post new threads Monday, Wednesday, and Friday. When I post each (new) thread, the prior thread...
  • Isolated Maduro Revels in Erdogan's Backing Ahead of Venezuela Vote

    05/17/2018 9:44:56 PM PDT · by Texas Fossil · 32 replies
    VOA News (from Reuters) ^ | May 17, 2018 11:15 PM | none stated
    CARACAS — Venezuela's diplomatically-isolated president received a show of support from Turkish counterpart Tayyip Erdogan on Thursday ahead of a weekend election boycotted by the opposition coalition and decried by Washington. The United States, the European Union and major Latin American countries have criticized Sunday's vote in which leftist President Nicolas Maduro is likely to win re-election to a six-year term. Critics say Maduro, a 55-year-old former bus driver who has presided over an economic meltdown, is virtually assured victory as two of his most popular opponents are banned from running and the electoral council is pro-government. The Trump administration...
  • Sunday Schadenfreude: Venezuela goes from summit darling to literally pig at garden party

    04/17/2018 5:37:21 AM PDT · by simpson96 · 8 replies
    American Thinker ^ | 4/15/2018 | Monica Showalter
    You've heard of skunks at the garden party? Such as still-ruling Nicaraguan socialist strongman, Daniel Ortega, who got his famous nickname from none other than the great Ronald Reagan? Well, now we have pigs at the garden party of democracy, the Organization of American States' Summit of the Americas, and this time, quite literally. At the globally watched summit, locals released a bunch of pigs through the streets of the Peruvian capital of Lima, around the Plaza San Martin, which is one of its main public spaces, spray-painted with the names of Venezuela's dictator, Nicolas Maduro, and Cuba's dictator, Raul...
  • Here’s how most Venezuelans lost an average of 43 pounds in two years

    02/23/2018 6:06:08 PM PST · by grundle · 17 replies
    wordpress ^ | February 23, 2018 | Dan from Squirrel Hill
    Here’s how most Venezuelans lost an average of 43 pounds in two years In May 2017, the Washington Post reported:In a recent survey of 6,500 Venezuelan families by the country’s leading universities, three-quarters of adults said they lost weight in 2016 — an average of 19 pounds… a level of hunger almost unheard-of outside war zones or areas ravaged by hurricane, drought or plague.In February 2018, Reuters reported:Venezuelans reported losing on average 11 kilograms (24 lbs) in body weight last year… according to a new university study…That’s 43 pounds in two years.Before I explain how this came to happen, I want...
  • How’s Socialism Doing In Venezuela?

    09/03/2017 8:45:22 AM PDT · by Oldpuppymax · 22 replies
    The Coach's Team ^ | 9/3/17 | Debbie D'Souza
    Once there was a South American country with a promising future. It had a functioning democracy, a rapidly developing economy and a growing middle class. All the important indicators, including education, health care and foreign investment, were pointed in the right direction. It was far from perfect, but the mood was hopeful – and with good reason. But now all that promise is gone. The country is a failed state, a hollowed-out shell of its former self. Services like power and water are sporadic. The most basic consumer goods--from bread to toilet paper--are in chronically short supply. Crime has skyrocketed....