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Topic: Venezuela Mega Thread (Read 127 times)

legendary
Activity: 1666
Merit: 1285
Flying Hellfish is a Commie
February 11, 2019, 07:15:08 PM
#1
I've seen posts come up time and time again relating to Venezuela. Usually they fit into these below categories.

1. Maduro Regime and the US recognizing the opposition government as the interim President of Venezuela.
Comes up rather recently, as the Maduro regime has been said (by Western nations such as the US) to have had an illegitimate election which violated their constitution. Causing the US (and their allies) to recognize Juan Guaido while Russia (and I think China) has supported the Maduro regime as they have massive investments in the country under this regime.

2. Crypto in Venezuelan.
This is one which is gaining steam, as people talk about how the monetary policy in Venezuela is a prime example of how fiat will crash and Bitcoin will reign Supreme. I don't FULLY believe that sentiment, though I do see the rationale behind saying this. Though in recent weeks, Bitcoin usage volume in Venezuela has increased exponentially --> https://coin.dance/volume/localbitcoins/VES

3. Venezuelan Oil and OPEC
Doesn't relly come up as much, though talking about the OPEC cartel is pretty interesting in showing how oil prices have been artificially set by a cartel that has a vested interest in keeping them high. Sometimes people touch on the fact that Venezeula is an oil nation and relies too heavily on oil to survive.


I'd rather condense a good deal of the threads about Venezuela and move them all into here, I don't know if people in the community will follow me with this. Though I feel like it would allow a more well rounded thread about the country.
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