All they are doing is playing on each others ego and as it has been from time immemorial, it will be till the future between the United States and Russia. The approach they are using is "The enemy of my enemy is my friend" that's why Venezuela feels free to relate with Russia rather than other country not knowing that whatever Russia is doing is like a testing ground while they use Venezuela as the guinea pig. If this can render the sanction of the United States ineffective, it then give everyone including Russia a clue and a way out in going heads on against the United States and if it doesn't it means Venezuela will have to suffer more economic devastating effect.
This is also considered the tactics of the heads of those countries. The only thing we see is the information on the mass media. And the details hidden in it we have not really understood. It's just like the showbiz wants to be famous to use scandan to succeed. And politics is the same. Consider carefully the information and consider the new situation to come to a conclusion. 
Topic: Russian bank helps Venezuela defy US cryptocurrency sanctions (Read 294 times)
The enemies of the enemy are friends, the enemies of Russia are the United States, the United States sanctions Venezuela, and Russia helps Venezuela!
The alliance between Russia and Venezuela is also a means to demonstrate its political power!
The alliance between Russia and Venezuela is also a means to demonstrate its political power!
It seems the only thing that can help Venezuela is ovethrowing of their current government. These are not US sanctions killing the country, but completely incompetent socialist government.
So, in short, A speculative altcoin that isn't even popular among its target audience (the people of Venezuela), got support from Russian speculators that have a tendency to work for certain businesses and disappear and move abroad, to countries where the hand of law doesn't reach. That's some entertaining news. Scammers have the tendency of attracting each other. They're drawn to one another like magnets. 
Predictions? Petro will die due to early lack of interest and bans from all sides. But that's for the better. Also, if your first crypto failed, launching another one isn't the best move. Maybe people want a stable economy instead of surrogates and distractions?
Predictions? Petro will die due to early lack of interest and bans from all sides. But that's for the better. Also, if your first crypto failed, launching another one isn't the best move. Maybe people want a stable economy instead of surrogates and distractions?
The bad thing in this shenanigans is that instead of a technology based arguments about cryptocurrency it turns into a political issues that is not even fair. I know that the sanctions is warranted and justifiable, but with such criticism it dies on its own. Now another country is meddling just to counter any negativity from one.
This is not good in the cause of cryptocurrency, it just make things worsts.
When will be the first time this countries will take a step back and think for what is good for this community than they’re geopolitical standing.
This is not good in the cause of cryptocurrency, it just make things worsts.
When will be the first time this countries will take a step back and think for what is good for this community than they’re geopolitical standing.
All they are doing is playing on each others ego and as it has been from time immemorial, it will be till the future between the United States and Russia. The approach they are using is "The enemy of my enemy is my friend" that's why Venezuela feels free to relate with Russia rather than other country not knowing that whatever Russia is doing is like a testing ground while they use Venezuela as the guinea pig. If this can render the sanction of the United States ineffective, it then give everyone including Russia a clue and a way out in going heads on against the United States and if it doesn't it means Venezuela will have to suffer more economic devastating effect.
The guinea pig is on its deathbed.
Venezuela Army Sent to Enforce Food Prices as Currency Crashes
http://www.newsweek.com/venezuela-army-sent-enforce-food-prices-currency-crashes-989556
The petro was supposed to get rid of those, yet...where is the petro?
Maybe because even countries outside the influence of the US don't give a damn about this crapcoin?
India Won’t Pay for Venezuelan Oil With ‘Petro’ Cryptocurrency
It is interesting to see how, on the one hand, the President of Venezuela, Maduro, actively introduces his national Clypto-currency of El Petro, and on the other hand, how Venezuela and Russia try to circumvent international sanctions with the help of this El-Petro and Trump's efforts to block the possibilities of this national crypto currency .
I really don't understand how this petrocoin is helping Venezuela avoiding sanctions.
If somebody doesn't give a damn about sanctions, they will trade with Venezuela, bolivar rubles, yuans, anything they want, if they follow the sanctions they won't be is $, Euros or petrocoins.
~ snip
The idea is not far-fetched, I agree, with USA it never is. I also agree with Stompix, Russia and Venezuela could be playing children's games. It is the usual strategy - find a common enemy in order to promote something, Russia that is, in this case.... However, the reaction of some of the politicans still show they might have hit the right spot....
About how Venezuela can benefit..... If Governments support the coin, it might not be the crapcoin anymore and by having it's own cryptocurrency, Venezuela could use it to stabilise the economy, and their people could use it to have a currency that is not in the hyperinflated.....
The idea is not far-fetched, I agree, with USA it never is. I also agree with Stompix, Russia and Venezuela could be playing children's games. It is the usual strategy - find a common enemy in order to promote something, Russia that is, in this case.... However, the reaction of some of the politicans still show they might have hit the right spot....
About how Venezuela can benefit..... If Governments support the coin, it might not be the crapcoin anymore and by having it's own cryptocurrency, Venezuela could use it to stabilise the economy, and their people could use it to have a currency that is not in the hyperinflated.....
Why would a centralized coin controlled by the same incompetent government succeed where the currency controlled by the same stupid government has failed?
It is interesting to see how, on the one hand, the President of Venezuela, Maduro, actively introduces his national Clypto-currency of El Petro, and on the other hand, how Venezuela and Russia try to circumvent international sanctions with the help of this El-Petro and Trump's efforts to block the possibilities of this national crypto currency . In general, this situation gives popularity to the crypto currency, even though it is used in this way. It should be recognized that Maduo was again recently re-elected president of the country, which indicates a relative trust of the people to him.
Russia at the initial stage, as always, refused to participate in the release of El-Petro, but now such participation has already been traced explicitly.
Russia at the initial stage, as always, refused to participate in the release of El-Petro, but now such participation has already been traced explicitly.
I don't see anything wrong with this, I think this move by russia only shows that they do accept cryptocurrency and that they are willibf to help others as well, unlike US they are trying to act tough, but theu are forgettinf abour their rival, russia and china, as of now both russia anf china arw winning the race for cryptocurrency dominance, there is no wonder why the US wants cryptocurrency to be destroyed or fall down, but what they don't realize is that the precioua petrodollar will be replaced, because a lot of green energy is beinf produced and mostly those that supports green energy are ICOs.
It is high time. I think that the state and the crypto currency should not be at war with each other. The state should support the crypto currency and make the world more perfect with its help.
All they are doing is playing on each others ego and as it has been from time immemorial, it will be till the future between the United States and Russia. The approach they are using is "The enemy of my enemy is my friend" that's why Venezuela feels free to relate with Russia rather than other country not knowing that whatever Russia is doing is like a testing ground while they use Venezuela as the guinea pig. If this can render the sanction of the United States ineffective, it then give everyone including Russia a clue and a way out in going heads on against the United States and if it doesn't it means Venezuela will have to suffer more economic devastating effect.
Yeah, what could be a more interesting experiment than playing with the life of a few million peoples.
Reminds me of the "Great Leap Forward" that killed 50 millions Chinese in an economic experiment.
Reminds me of the "Great Leap Forward" that killed 50 millions Chinese in an economic experiment.
The Venezuelan government want to trade using a cryptocurrency. What doesn't change is that they ultimately need the world currency, USD. That is why the under hand dealings with the said Russian bank. This does look like a way to get USD because the rest of the sources are sanctioned. USD are important for all sort of things needed to run a government. I'd say the arms, ammunition and technological spares needed to maintain control on the people. All of it needs to be imported in these countries.
If the government really just cared about the people and this was a sincere way to boost confidence and kickstart economy, the move would work if they made Petro openly tradeable while using it for direct trading in Oil with countries that would be willing. This would give the people a source to exchange value rather than just relying on a black-market supply of USD. What they are doing instead is to amass USD for themselves.
The US does have a proven track record of overthrowing regimes they don't like, while replacing them with sock-puppets of their own.
So the idea isn't that far-fetched.
So does the UK, France and Russia.So the idea isn't that far-fetched.
The only difference is that where those western sock-puppets come to power people are not dying from hunger in poverty. North Korea vs South Korea, Kuwait vs Iran, Moldova and Belarus vs Poland and Hungary, Venezuela vs the entire world...choose anything...
This sentence:
"Like kids on the playground, Venezuela and Russia think they are fighting a common bully in U.S. sanctions, so they’re going to try and form a united front" tells you something about it.
"Like kids on the playground, Venezuela and Russia think they are fighting a common bully in U.S. sanctions, so they’re going to try and form a united front" tells you something about it.
Load of ....... Everytime a socialist country turns into a dump it's the fault of the USA.
You know what those sanctions do? They prevent Americans business to deal with certain companies and people from Venezuela.If the leaders of Russia and Venezuela would be that smart they would manage somehow without those, but with no brains all they can do is blame.
If Venezuela is that angry at the US, why don't they stop selling oil ?
The US does have a proven track record of overthrowing regimes they don't like, while replacing them with sock-puppets of their own.
So the idea isn't that far-fetched.
Now, I don't think that's the case with Venezuela though, sanctions have little to do with the current problems there. Those sanctions are a reaction to those problems.
Once Chavez died, the oil price also started dropping, thus making the current government essentially bankrupt.
The idea is not far-fetched, I agree, with USA it never is. I also agree with Stompix, Russia and Venezuela could be playing children's games. It is the usual strategy - find a common enemy in order to promote something, Russia that is, in this case.... However, the reaction of some of the politicans still show they might have hit the right spot....
About how Venezuela can benefit..... If Governments support the coin, it might not be the crapcoin anymore and by having it's own cryptocurrency, Venezuela could use it to stabilise the economy, and their people could use it to have a currency that is not in the hyperinflated.....
Russia will no doubt adopt blockchain technology so their banks are going to regulate and accept them. Petro is a national currency so why shouldn't Russian banks support it? Just because America does not approve does not mean it shouldn't be done
Let's see, it can be interesting experiment
Yeah, what could be a more interesting experiment than playing with the life of a few million peoples.
Reminds me of the "Great Leap Forward" that killed 50 millions Chinese in an economic experiment.
The US does have a proven track record of overthrowing regimes they don't like, while replacing them with sock-puppets of their own.
So the idea isn't that far-fetched.
So the idea isn't that far-fetched.
So does the UK, France and Russia.
The only difference is that where those western sock-puppets come to power people are not dying from hunger in poverty. North Korea vs South Korea, Kuwait vs Iran, Moldova and Belarus vs Poland and Hungary, Venezuela vs the entire world...choose anything...
Russia and Venezuela are similar in aspect of political government and both are developing countries with oil economics so they understand each other well and I am not surprised that Russian central bank will help Venezuela and as far as I know it is not a first time.
I consider that it is nice news because they are positive for crypto market.
I consider that it is nice news because they are positive for crypto market.
This sentence:
"Like kids on the playground, Venezuela and Russia think they are fighting a common bully in U.S. sanctions, so they’re going to try and form a united front" tells you something about it.
"Like kids on the playground, Venezuela and Russia think they are fighting a common bully in U.S. sanctions, so they’re going to try and form a united front" tells you something about it.
Load of ....... Everytime a socialist country turns into a dump it's the fault of the USA.
You know what those sanctions do? They prevent Americans business to deal with certain companies and people from Venezuela.If the leaders of Russia and Venezuela would be that smart they would manage somehow without those, but with no brains all they can do is blame.
If Venezuela is that angry at the US, why don't they stop selling oil ?
The US does have a proven track record of overthrowing regimes they don't like, while replacing them with sock-puppets of their own.
So the idea isn't that far-fetched.
Now, I don't think that's the case with Venezuela though, sanctions have little to do with the current problems there. Those sanctions are a reaction to those problems.
Once Chavez died, the oil price also started dropping, thus making the current government essentially bankrupt.
Let's see, it can be interesting experiment
This sentence:
"Like kids on the playground, Venezuela and Russia think they are fighting a common bully in U.S. sanctions, so they’re going to try and form a united front" tells you something about it.
"Like kids on the playground, Venezuela and Russia think they are fighting a common bully in U.S. sanctions, so they’re going to try and form a united front" tells you something about it.
Load of ....... Everytime a socialist country turns into a dump it's the fault of the USA.
You know what those sanctions do? They prevent Americans business to deal with certain companies and people from Venezuela.If the leaders of Russia and Venezuela would be that smart they would manage somehow without those, but with no brains all they can do is blame.
If Venezuela is that angry at the US, why don't they stop selling oil ?
Although unfortunately, the Governments do things like this only as an activity to fight for power and supremacy, this Petro thing is actually something that people in Venezuela can benefit from so I second that.
How can the people in Venezuela benefit from this crapcoin?
Just one example.
Quote
Summary: Maduro issued an ultimatum to government institutions ranging from ministries to airports. They have 120 days to begin accepting the petro as legal tender in all transactions. Maduro also plans to issue a second crypto currency backed by venezuela's gold. It appears not much of the petro altcoin has been sold.
How about an ultimatum on shops to be stocked with bread and toilet paper?
According to current US policy, that bank was probably just confused and deserves a chance to do the right thing (assuming we can profit from it financially in the long run).
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