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GatoGordo
GatoGordo's Journal
GatoGordo's Journal
March 31, 2018
brian wang | March 31, 2018
Conditions are terrible for the people in Venezuela. Gangs are fighting with machetes over “quality garbage”.
There are shortages of running water and almost no medical supplies.
The US has signaled support for any military coup in Venezuela.
“The world would support the armed forces in #Venezuela if they decided to protect the people and restore democracy, removing the dictator,” Rubio wrote on his Twitter account.
The dissatisfaction within the Venezuelan military has reached the level of the lieutenant colonels.
The International Criminal Court has indicated that “although there is no open case against any Venezuelan right now, the prosecutor is evaluating the situation in Venezuela and the Philippines”.
The difference between North Korea and Venezuela is that the multigeneration North Korea leaders have had the military locked up for over 60 years. The conditions while terrible have been stable in how bad they are for 60 years.
Venezuela’s leaders are trying to establish sufficient control of its military and police forces. Venezuela is trying to establish this control while economic conditions get worse with dropping oil production (oil production has halved over the last 15 years and is dropping every year.) Venezuela is also dealing with crisis in food supply and health system.
North Korea also has more support from China as a buffer against South Korea and the USA.
https://www.nextbigfuture.com/2018/03/venezuelas-leaders-uncertain-control-of-the-military-and-downward-trend-in-oil-production-are-the-keys.html
Venezuelan gangs fighting with machetes over... "quality garbage"?
Venezuela’s leaders uncertain control of the Military and downward trend in oil production are the keysbrian wang | March 31, 2018
Conditions are terrible for the people in Venezuela. Gangs are fighting with machetes over “quality garbage”.
There are shortages of running water and almost no medical supplies.
The US has signaled support for any military coup in Venezuela.
“The world would support the armed forces in #Venezuela if they decided to protect the people and restore democracy, removing the dictator,” Rubio wrote on his Twitter account.
The dissatisfaction within the Venezuelan military has reached the level of the lieutenant colonels.
The International Criminal Court has indicated that “although there is no open case against any Venezuelan right now, the prosecutor is evaluating the situation in Venezuela and the Philippines”.
The difference between North Korea and Venezuela is that the multigeneration North Korea leaders have had the military locked up for over 60 years. The conditions while terrible have been stable in how bad they are for 60 years.
Venezuela’s leaders are trying to establish sufficient control of its military and police forces. Venezuela is trying to establish this control while economic conditions get worse with dropping oil production (oil production has halved over the last 15 years and is dropping every year.) Venezuela is also dealing with crisis in food supply and health system.
North Korea also has more support from China as a buffer against South Korea and the USA.
https://www.nextbigfuture.com/2018/03/venezuelas-leaders-uncertain-control-of-the-military-and-downward-trend-in-oil-production-are-the-keys.html
March 31, 2018
BY ANTONIO MARIA DELGADO
Updated March 29, 2018 03:57 PM
Junior Rodríguez is used to seeing death and violence up close because he's a doctor in a public hospital in Venezuela, one of the world's most dangerous countries.
But the violence has been turning more personal for Rodríguez and the rest of the medical staff at the Dr. Luis Razetti de Barcelona University Hospital in the eastern state of Anzoátegui.
The staffers work under constant death threats made by relatives or friends of patients — some of them dangerous gang members — if the patients die.
“Most of the time that's the doctor's worst fear, that the patient dies and the relatives take it out on him,” Rodriguez said in a telephone interview. “The threat of harm if the patient dies is always there. We don't have any kind of protection. You treat a person who turns out to be a criminal, and if that person decides to point a gun at you, there's nothing you can do.”
Rodríguez quit the hospital months ago and wants to leave Venezuela to escape the crime and economic implosion that has brought widespread hunger to the oil-producing country. He would join the 22,000 other doctors who have fled, according to figures from the Venezuelan Medical Federation (VMF).
-snip-
http://www.miamiherald.com/news/nation-world/world/americas/venezuela/article207281029.html
Doctors in uber-violent Venezuela marked for death if their patients die. 22,000 MD's flee
Doctors in violent Venezuela work under threat of death if patients dieBY ANTONIO MARIA DELGADO
Updated March 29, 2018 03:57 PM
Junior Rodríguez is used to seeing death and violence up close because he's a doctor in a public hospital in Venezuela, one of the world's most dangerous countries.
But the violence has been turning more personal for Rodríguez and the rest of the medical staff at the Dr. Luis Razetti de Barcelona University Hospital in the eastern state of Anzoátegui.
The staffers work under constant death threats made by relatives or friends of patients — some of them dangerous gang members — if the patients die.
“Most of the time that's the doctor's worst fear, that the patient dies and the relatives take it out on him,” Rodriguez said in a telephone interview. “The threat of harm if the patient dies is always there. We don't have any kind of protection. You treat a person who turns out to be a criminal, and if that person decides to point a gun at you, there's nothing you can do.”
Rodríguez quit the hospital months ago and wants to leave Venezuela to escape the crime and economic implosion that has brought widespread hunger to the oil-producing country. He would join the 22,000 other doctors who have fled, according to figures from the Venezuelan Medical Federation (VMF).
-snip-
http://www.miamiherald.com/news/nation-world/world/americas/venezuela/article207281029.html
March 31, 2018
What could possibly be wrong with the Chavistas sneaking all the gold bouillon from the national treasury and out of the country? The last bit of loot out of the reach of the people before the wheels come off?
Chavistas illegally move 2.1 tons of gold reserves out of Venezuela
Source: Caraota Digital
Reported irregular output of 2.1 tons of gold from Venezuela to the United Arab Emirates
Posted on March 29, 2018 by Martín Sojo in Nacionales
2.1 tons of gold would have been transported irregularly from Venezuela to the United Arab Emirates in 57 boxes aboard an Airbus identified with the abbreviations A6-RRJ.
The National Armed Forces (FANB) escorted the material from the Central Bank of Venezuela (BCV) to the Maiquetía airport in Vargas state, journalist Javier Mayorca (@javiermayorca) reported on his Twitter account.
On the other hand, the communicator Ronna Rísquez, coincided with Mayorca when reporting the situation. "While more than 70 prisoners died in flames, Maduro's ministers did not speak up because they were busy taking more than 2.1 tons of gold from the country," he said.
https://twitter.com/javiermayorca/status/979381165160386560
https://twitter.com/ronnarisquez/status/979159818673016832
https://twitter.com/CaraotaDigital/status/979464114476077057
Read more: http://www.caraotadigital.net/nacionales/denunciaron-salida-irregular-de-2-1-toneladas-de-oro-desde-venezuela-hacia-emiratos-arabes-unidos/
What could possibly be wrong with the Chavistas sneaking all the gold bouillon from the national treasury and out of the country? The last bit of loot out of the reach of the people before the wheels come off?
March 31, 2018
Reported irregular output of 2.1 tons of gold from Venezuela to the United Arab Emirates
Posted on March 29, 2018 by Martín Sojo in Nacionales
2.1 tons of gold would have been transported irregularly from Venezuela to the United Arab Emirates in 57 boxes aboard an Airbus identified with the abbreviations A6-RRJ.
The National Armed Forces (FANB) escorted the material from the Central Bank of Venezuela (BCV) to the Maiquetía airport in Vargas state, journalist Javier Mayorca (@javiermayorca) reported on his Twitter account.
On the other hand, the communicator Ronna Rísquez, coincided with Mayorca when reporting the situation. "While more than 70 prisoners died in flames, Maduro's ministers did not speak up because they were busy taking more than 2.1 tons of gold from the country," he said.
https://twitter.com/javiermayorca/status/979381165160386560
https://twitter.com/ronnarisquez/status/979159818673016832
https://twitter.com/CaraotaDigital/status/979464114476077057
http://www.caraotadigital.net/nacionales/denunciaron-salida-irregular-de-2-1-toneladas-de-oro-desde-venezuela-hacia-emiratos-arabes-unidos/
What could possibly go wrong with the Chavistas sneaking all the gold bouillon from the national treasury and out of the country?
Chavistas illegally move gold reserves OUT of Venezuela! Maduro says "Plane? What plane? What gold?"
Reported irregular output of 2.1 tons of gold from Venezuela to the United Arab Emirates
Posted on March 29, 2018 by Martín Sojo in Nacionales
2.1 tons of gold would have been transported irregularly from Venezuela to the United Arab Emirates in 57 boxes aboard an Airbus identified with the abbreviations A6-RRJ.
The National Armed Forces (FANB) escorted the material from the Central Bank of Venezuela (BCV) to the Maiquetía airport in Vargas state, journalist Javier Mayorca (@javiermayorca) reported on his Twitter account.
On the other hand, the communicator Ronna Rísquez, coincided with Mayorca when reporting the situation. "While more than 70 prisoners died in flames, Maduro's ministers did not speak up because they were busy taking more than 2.1 tons of gold from the country," he said.
https://twitter.com/javiermayorca/status/979381165160386560
https://twitter.com/ronnarisquez/status/979159818673016832
https://twitter.com/CaraotaDigital/status/979464114476077057
http://www.caraotadigital.net/nacionales/denunciaron-salida-irregular-de-2-1-toneladas-de-oro-desde-venezuela-hacia-emiratos-arabes-unidos/
What could possibly go wrong with the Chavistas sneaking all the gold bouillon from the national treasury and out of the country?
March 31, 2018
PSUV militants must understand non-party members are dissidents and are the “historical enemy”!
PSUV militants must develop is a “door to door” map to define the socio-political status of their neighbors!
With that map, the PSUV will:
1. identify the “historical enemy”;
2. unite to “face it”;
3. elevate the “will to fight” against it, and,
4. organize and train to “defeat it”!
It is the duty to inform on your neighbor... it is important to know who is who in the coming days of hardship!
http://www.psuv.org.ve/portada/psuvred-articulacion-y-accionmodelounidaddefensa-nacion/#.Wr_5ZIjwaUk
This sort of information is important! Because in the coming days/weeks/months, the Party must KNOW who is who, so that action can be taken if action must be taken! We wouldn't want any bad happening to LOYAL PSUV members... wink wink!
Chavistas! Defend Bolivarian Socialism! Inform on your neighbor! Map out the non-Chavista!
PSUV militants must understand non-party members are dissidents and are the “historical enemy”!
PSUV militants must develop is a “door to door” map to define the socio-political status of their neighbors!
With that map, the PSUV will:
1. identify the “historical enemy”;
2. unite to “face it”;
3. elevate the “will to fight” against it, and,
4. organize and train to “defeat it”!
It is the duty to inform on your neighbor... it is important to know who is who in the coming days of hardship!
http://www.psuv.org.ve/portada/psuvred-articulacion-y-accionmodelounidaddefensa-nacion/#.Wr_5ZIjwaUk
This sort of information is important! Because in the coming days/weeks/months, the Party must KNOW who is who, so that action can be taken if action must be taken! We wouldn't want any bad happening to LOYAL PSUV members... wink wink!
March 31, 2018
"If the Venezuelans did not eat, the shelves would be full"... this according to brainiac Venezuelan Minister of Education Elias Jaua.
Clearly, logic and reason elude Mr. Jaua, as the population has on average lost over 10kg last year due to the inability to afford or find food at any price. Grocery stores are not restocking their shelves due to Chavista logic (demanding that stores sell at a profit loss, courtessy of SUNDDE) and the Bolivar (Venezuela currency) is worthless and about to be devalued AGAIN by lopping off 3 zeros. (But the average Venezuelan can buy the Petro scam... providing he has 1200 dollars or 1000 Euros.)
13,000% hyperinflation,
41,000,000% devaluation of the Bolivar in 19 years, and
The Bolivar has lost 99.6% of its value in a year.
95% of the population live at or below poverty level
60% live in extreme poverty
https://twitter.com/miguelsantos12/status/979697641012547584
Chavista logic! Elias Jaua: If the people did not eat, the shelves would be full!
"If the Venezuelans did not eat, the shelves would be full"... this according to brainiac Venezuelan Minister of Education Elias Jaua.
Clearly, logic and reason elude Mr. Jaua, as the population has on average lost over 10kg last year due to the inability to afford or find food at any price. Grocery stores are not restocking their shelves due to Chavista logic (demanding that stores sell at a profit loss, courtessy of SUNDDE) and the Bolivar (Venezuela currency) is worthless and about to be devalued AGAIN by lopping off 3 zeros. (But the average Venezuelan can buy the Petro scam... providing he has 1200 dollars or 1000 Euros.)
13,000% hyperinflation,
41,000,000% devaluation of the Bolivar in 19 years, and
The Bolivar has lost 99.6% of its value in a year.
95% of the population live at or below poverty level
60% live in extreme poverty
https://twitter.com/miguelsantos12/status/979697641012547584
March 31, 2018
The Cooperator
Caracas, March 31 .- The family of the Venezuelan first lady, Cilia Flores, would be involved with companies sanctioned by Panama in recent days.
According to the information provided by the lawyer, Tamara Suju, the Malpica Flores family owns all the companies penalized by the Panamanian Government, which total a total of 16. According to Suju, through a network made up of Evelyn Malpica Torrealba , Carlos Malpica Torrealba and Iriamni Malpica Flores, all companies were established in Panama between 2014-2015.
It is not the first time that Cilia Flores is linked with scandals of this type. Last December, two of Flores' nephews were charged with drug trafficking in the United States and sentenced to serve more than 15 years in prison in the United States.
https://twitter.com/TAMARA_SUJU/status/980086235967447041/photo/1
https://elcooperante.com/que-casualidad-las-16-empresas-sancionadas-por-panama-son-de-la-familia-de-cilita/
Ain't that a shocker! Trillions siphoned off from the Venezuelan public, and Chavistas (allegedly friends of the poor) are stashing away BILLIONS of dollars worth of assets outside of Venezuela. Gabriela Maria, Hugo Chavez' daughter, parlayed her connections into a tidy $4.2 BILLION nest egg... clearly Cilia can do better than that! Gabby was just a part time UN envoy. Cilia is She Who Must Be Obeyed!
And what do these companies do in Panama? Nobody really knows, because most of them only have a mailing address to a Post Office box. No functioning contact numbers. Not even a rudimentary website.
But with some digging, I found an "investment" (gold mine!) that billions of dollars are invested in, in the Sonoran desert!
El Tigre mine! Bonanza!!!
16 companies sanctioned for corruption in Panama are linked to Cilia Flores (Maduro's wife)
What a coincidence! Companies sanctioned by Panama are from the "Cilita" Flores familyThe Cooperator
Caracas, March 31 .- The family of the Venezuelan first lady, Cilia Flores, would be involved with companies sanctioned by Panama in recent days.
According to the information provided by the lawyer, Tamara Suju, the Malpica Flores family owns all the companies penalized by the Panamanian Government, which total a total of 16. According to Suju, through a network made up of Evelyn Malpica Torrealba , Carlos Malpica Torrealba and Iriamni Malpica Flores, all companies were established in Panama between 2014-2015.
It is not the first time that Cilia Flores is linked with scandals of this type. Last December, two of Flores' nephews were charged with drug trafficking in the United States and sentenced to serve more than 15 years in prison in the United States.
https://twitter.com/TAMARA_SUJU/status/980086235967447041/photo/1
https://elcooperante.com/que-casualidad-las-16-empresas-sancionadas-por-panama-son-de-la-familia-de-cilita/
Ain't that a shocker! Trillions siphoned off from the Venezuelan public, and Chavistas (allegedly friends of the poor) are stashing away BILLIONS of dollars worth of assets outside of Venezuela. Gabriela Maria, Hugo Chavez' daughter, parlayed her connections into a tidy $4.2 BILLION nest egg... clearly Cilia can do better than that! Gabby was just a part time UN envoy. Cilia is She Who Must Be Obeyed!
And what do these companies do in Panama? Nobody really knows, because most of them only have a mailing address to a Post Office box. No functioning contact numbers. Not even a rudimentary website.
But with some digging, I found an "investment" (gold mine!) that billions of dollars are invested in, in the Sonoran desert!
El Tigre mine! Bonanza!!!
March 30, 2018
The Cooperator
Caracas, March 29 The municipalities of Miranda (Timotes), Rangel (Mucuchies) and part of Cardenal Quintero (Santo Domingo), of the state of Merida; and the Urdaneta municipality (La Puerta) of Trujillo state, have more than 24 hours without electric service, after a blackout that affected the area since three in the afternoon of this Wednesday.
The information was provided by the social communicator of Timotes, Luis Pérez, who said that the power outage has caused the telecommunications services in the area to collapse, which has led to the collapse of the mobile and fixed telephone lines of the sector and the systems of points of payment in the shops, which makes the situation more difficult for the residents and tourists who visit the region, reported El Pitazo .
At the same time, he indicated that the situation is worrisome, since Timotes fuel stations are paralyzed for this reason, which affects visitors who pass through the area, as they have no way to refill gasoline. This fact leaves open the possibility that they are stranded on the road, a situation that would be aggravated by the strong cold and rain that remains in the area.
Finally, Perez called on the competent authorities to put a damper on this situation, especially in this holiday season during which many people go to places in Merida to rest.
https://elcooperante.com/municipios-del-paramo-merideno-y-trujillano-tienen-mas-de-24-horas-sin-electricidad/
Wow. Some areas have phone landlines? For the most part, the land line networks were abandoned in Venezuela, as ZERO maintenance has been put into them since 1999. You have more luck using the wire to dry your laundry (since you obviously can't use your the electric dryer!) Cell phones are mostly used... or would be used if there was electricity. At all.
The Chavistas were warned (via Tweets, because that is how Chavists communicate with everyone) over 3 months ago by the Electrical Workers Union about the state of the electrical grid. The Chavistas response? Arrest the person who Tweeted the message (he is still being held without a court date) for causing "fear". Exploding transformers and substations that erupt into fireballs is as common as the sun coming up in the east. Maduro and his ilk insist that the infrastructure is fine, and it is saboteurs and "amorous iguanas" that are the problem, and not negligence.
Large swaths of Venezuela have had no electricity for over 24 hours
Municipalities of Merida and Trujillano páramo have more than 24 hours without electricityThe Cooperator
Caracas, March 29 The municipalities of Miranda (Timotes), Rangel (Mucuchies) and part of Cardenal Quintero (Santo Domingo), of the state of Merida; and the Urdaneta municipality (La Puerta) of Trujillo state, have more than 24 hours without electric service, after a blackout that affected the area since three in the afternoon of this Wednesday.
The information was provided by the social communicator of Timotes, Luis Pérez, who said that the power outage has caused the telecommunications services in the area to collapse, which has led to the collapse of the mobile and fixed telephone lines of the sector and the systems of points of payment in the shops, which makes the situation more difficult for the residents and tourists who visit the region, reported El Pitazo .
At the same time, he indicated that the situation is worrisome, since Timotes fuel stations are paralyzed for this reason, which affects visitors who pass through the area, as they have no way to refill gasoline. This fact leaves open the possibility that they are stranded on the road, a situation that would be aggravated by the strong cold and rain that remains in the area.
Finally, Perez called on the competent authorities to put a damper on this situation, especially in this holiday season during which many people go to places in Merida to rest.
https://elcooperante.com/municipios-del-paramo-merideno-y-trujillano-tienen-mas-de-24-horas-sin-electricidad/
Wow. Some areas have phone landlines? For the most part, the land line networks were abandoned in Venezuela, as ZERO maintenance has been put into them since 1999. You have more luck using the wire to dry your laundry (since you obviously can't use your the electric dryer!) Cell phones are mostly used... or would be used if there was electricity. At all.
The Chavistas were warned (via Tweets, because that is how Chavists communicate with everyone) over 3 months ago by the Electrical Workers Union about the state of the electrical grid. The Chavistas response? Arrest the person who Tweeted the message (he is still being held without a court date) for causing "fear". Exploding transformers and substations that erupt into fireballs is as common as the sun coming up in the east. Maduro and his ilk insist that the infrastructure is fine, and it is saboteurs and "amorous iguanas" that are the problem, and not negligence.
March 30, 2018
Community spokesperson explained that for the past nine months the bags have not arrived CLAP
The Buena Vista parish of the Anaco municipality has multiple problems, among them, the difficulty of its inhabitants to acquire food.
Nerio Gomez, representative of the communal council Casco Central Circuit 1 of the town, explained that for nine months the food bags of the Local Supply and Production Committees (CLAP) have not arrived.
Gómez stressed that CLAP food is practically the only option to buy food for most of the 5,000 inhabitants of the area, because they are low-income and the unemployment rate is high.
"In the last six months, three unbalanced neighbors have died due to lack of food. The situation we have is precarious, "he said.
On the other hand, the inhabitants of the parish indicated that they have about a month without water, after the submersible pump that supplies the sector was damaged.
"With the constant blackouts, the equipment that pumps water from the San Joaquín aquifer burned and has not yet been replaced," Gómez said.
They expressed that tanker trucks charge up to Bs 35,000 for filling a drum, so they ask the competent authorities to solve the problem as soon as possible.
http://eltiempo.com.ve/2018/03/29/denuncian-que-buena-vista-han-fallecido-tres-personas-por-falta-de-alimentos/
CLAP is how Maduro and the Chavistas keep control of the population. It is next to impossible to afford food (even if it is available) when it takes almost 100 minimum wage jobs to buy the food basket. Either you prove that you are a Chavista, or you don't get a CLAP box once per month. If it shows up at all.
Three more starve to death in Venezuela
They denounce that Buena Vista have died three people for lack of foodCommunity spokesperson explained that for the past nine months the bags have not arrived CLAP
The Buena Vista parish of the Anaco municipality has multiple problems, among them, the difficulty of its inhabitants to acquire food.
Nerio Gomez, representative of the communal council Casco Central Circuit 1 of the town, explained that for nine months the food bags of the Local Supply and Production Committees (CLAP) have not arrived.
Gómez stressed that CLAP food is practically the only option to buy food for most of the 5,000 inhabitants of the area, because they are low-income and the unemployment rate is high.
"In the last six months, three unbalanced neighbors have died due to lack of food. The situation we have is precarious, "he said.
On the other hand, the inhabitants of the parish indicated that they have about a month without water, after the submersible pump that supplies the sector was damaged.
"With the constant blackouts, the equipment that pumps water from the San Joaquín aquifer burned and has not yet been replaced," Gómez said.
They expressed that tanker trucks charge up to Bs 35,000 for filling a drum, so they ask the competent authorities to solve the problem as soon as possible.
http://eltiempo.com.ve/2018/03/29/denuncian-que-buena-vista-han-fallecido-tres-personas-por-falta-de-alimentos/
CLAP is how Maduro and the Chavistas keep control of the population. It is next to impossible to afford food (even if it is available) when it takes almost 100 minimum wage jobs to buy the food basket. Either you prove that you are a Chavista, or you don't get a CLAP box once per month. If it shows up at all.
March 28, 2018
27 Mar 2018 at 01:48 PM (UTC) 0 Comments
Taiwan, March 27, 2018 – The government of Venezuela (“GOV”) has recently introduced the Petro token (“PTR”), which purports to be a cryptocurrency backed by oil. We see the PTR as having limited utility. In addition, it could be construed as an attempt to circumvent legitimate sanctions against the GOV.
Effective March 19, 2018, the United States has prohibited U.S. persons from all transactions related to, provision of financing for, and other dealings in, any digital currency, digital coin, or digital token issued by, for, or on behalf of the GOV, including but not limited to the Central Bank of Venezuela, the state-owned oil company (PdVSA), and any entity owned or controlled by or acting on behalf of the GOV. This includes the PTR, but may include other tokens as and when introduced in the future.
We have never had plans to include the PTR or similar tokens in the Bitfinex trading platform. In light of the U.S. sanctions and the other clear sanctions risks of dealing in these products, Bitfinex will not list or transact the PTR or other similar digital tokens. This restriction extends to all customers of the platform, including U.S. persons, and to all activities on Bitfinex, including deposits, financing, trading, and withdrawals.
Furthermore, all contractors and employees of Bitfinex, wherever situated, are prohibited from transacting in the PTR or other digital tokens as specified above, effective immediately.
http://blog.bitfinex.com/announcements/statement-venezuelan-petro-token/
Bitfinex is a cryptographic currency exchange platform and a currency storage platform, owned and operated by iFinex Inc. Since 2014, Bitfinex has been the worlds largest Bitcoin exchange platform, with more than 10% of the total transactions of the exchanges of cryptocurrency.
So, besides the fact that nobody knows how or where to purchase this "coin", nor how one would exchange it for the value of a barrel of heavy sour oil that hasn't been extracted from the ground yet (they have no prospectus, and their "white paper" on the coin changes with the wind)... Maduro insists he has over $5 billion in "guaranteed pre-sales"... despite the fact that the largest ever LEGITIMATE ICO (Initial Coin Offering) gathered a mere $250 million.
I guess if you are going to try to bullshit somebody in ChavismoLand, go big or go home.
El Petro: Liar liar, pants on fire. No such listing on Bitfinex
Statement on Venezuelan Petro Token (PTR)27 Mar 2018 at 01:48 PM (UTC) 0 Comments
Taiwan, March 27, 2018 – The government of Venezuela (“GOV”) has recently introduced the Petro token (“PTR”), which purports to be a cryptocurrency backed by oil. We see the PTR as having limited utility. In addition, it could be construed as an attempt to circumvent legitimate sanctions against the GOV.
Effective March 19, 2018, the United States has prohibited U.S. persons from all transactions related to, provision of financing for, and other dealings in, any digital currency, digital coin, or digital token issued by, for, or on behalf of the GOV, including but not limited to the Central Bank of Venezuela, the state-owned oil company (PdVSA), and any entity owned or controlled by or acting on behalf of the GOV. This includes the PTR, but may include other tokens as and when introduced in the future.
We have never had plans to include the PTR or similar tokens in the Bitfinex trading platform. In light of the U.S. sanctions and the other clear sanctions risks of dealing in these products, Bitfinex will not list or transact the PTR or other similar digital tokens. This restriction extends to all customers of the platform, including U.S. persons, and to all activities on Bitfinex, including deposits, financing, trading, and withdrawals.
Furthermore, all contractors and employees of Bitfinex, wherever situated, are prohibited from transacting in the PTR or other digital tokens as specified above, effective immediately.
http://blog.bitfinex.com/announcements/statement-venezuelan-petro-token/
Bitfinex is a cryptographic currency exchange platform and a currency storage platform, owned and operated by iFinex Inc. Since 2014, Bitfinex has been the worlds largest Bitcoin exchange platform, with more than 10% of the total transactions of the exchanges of cryptocurrency.
So, besides the fact that nobody knows how or where to purchase this "coin", nor how one would exchange it for the value of a barrel of heavy sour oil that hasn't been extracted from the ground yet (they have no prospectus, and their "white paper" on the coin changes with the wind)... Maduro insists he has over $5 billion in "guaranteed pre-sales"... despite the fact that the largest ever LEGITIMATE ICO (Initial Coin Offering) gathered a mere $250 million.
I guess if you are going to try to bullshit somebody in ChavismoLand, go big or go home.
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Member since: Thu May 25, 2017, 01:30 PMNumber of posts: 2,412