Executive Order on Taking Additional Steps to Address the Situation in Venezuela

whitehouse.gov ^ | March 19, 2018 | DONALD J. TRUMP

[Steve Van Doorn]

All transactions related to, provision of financing for, and other dealings in, by a United States person or within the United States, any digital currency, digital coin, or digital token, that was issued by, for, or on behalf of the Government of Venezuela on or after January 9, 2018, are prohibited as of the effective date of this order

[Steve Van Doorn]

Venezuela wasn't the reason why I posted this. Criptocurrency being used for trade was.

Venezuela clearly has problems. How that plays out will be interesting. There are signs locals are attempting to take over properties that where abandoned by the State after they confiscated those lands.

In other words free markets are starting to reform in the ash's of the "Utopian vision."

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[sparklite2]

Their government is telling them the US is behind it all. No surprise there.

[dforest]

I know. Trump blamed for that too. Wonder where Sean Penn is lately? Is he down there bringing food to the miserable people?

[SkyDancer]

Okay, but their economy is now in shambles because of how that cryptocurrency being used for trade.

[Fred Hayek]

Isn’t that the aim of communism? Make everyone poor? Except for the nomenklatura, since some animals are more equal than others.

[CottonBall]

Didn’t Trump say something about the problem with Venezuela is not that socialism was implemented incorrectly, but that it was implemented exactly as intended? I am totally paraphrasing but that was his intent. I thought it was a brilliant statement. Completely not politically correct :-)

[sparklite2]

No, Sean Penn’s not down helping the Venezuelans. He’s back in NYC partying and making Page Six. He has a book coming out in a month or so and will be globe trotting to push it, while telling the rest of the world the US is a country “in need of an assassination.”

[dforest]

Yes, and it sure worked. The guys I know saw what was coming, got out and were becoming Americans.

[Boardwalk]

Who has it worse Venezuelans or North Koreans?

[CottonBall]

Why? Do we really want to emulate either one?

[Steve Van Doorn]

I would think cryptocurrency would be a far better currency to use then the bolívar fuerte (their currency.) Which the new bolívar is similar to Zimbabwe’s currency. Where you need a wheel barrow of cash to get a loaf of bread.

[Steve Van Doorn]

"Who has it worse Venezuelans or North Koreans?"

That is like who is worse Hitler or Stalin? All extreme leftist beliefs are freaking bad.

[catnipman]

“Where you need a wheel barrow of cash to get a loaf of bread.”

yeah, but even more difficult to get a wheel barrow load of Maduro’s fake PetroCoin to get a loaf of bread ...

[Kay]

I have been very very sad about the situation in Venezuela. People giving their children to orphanage-type of places because they cannot feed their kids. People and animals desperate for food.

I will continue to pray for them. May God help them and show us how we can help them.

[Steve Van Doorn]

Yes. I've been hearing rumors so far that the CIA is working on some kind of operational setup to take down the socialist government. I don't like how the CIA operates this may not be a good thing for the individuals that live there.

Maybe with Trump running things it could be different I don't know

[Boardwalk]

That is what I was getting at. Just watch, the people of both Venezuela and North Korea will benefit through Trump. There is hope.

[Alas Babylon!]

There are signs locals are attempting to take over properties that where abandoned by the State after they confiscated those lands.

One can hope, however, without the rule of law, can hope alone prevail?

As soon as the business becomes successful, the government will be back for it, or at least a share. The poor will accuse, and in Socialism, the government takes it back.

It's all about who has the guns and who doesn't without the rule of law.

[Steve Van Doorn]

Babylon: The criminals will take back if they succeed.

Boardwalk: Sounds good. Time will tell.

[FLT-bird]

It’s OK guys! I saw an interview with Brad Pitt the other day in which he said he had been to socialist countries and it was “just fine”. So clearly with the support of the Hollywood cognoscenti, we can trust that everything is A OK down there.