The US Treasury accidentally reveals that CryptoCurrencies will help countries to overcome Western sanctions!
After
some of the top Wall Street 'gurus' made a series of aggressive
statements against Bitcoin, the panic of the Western monetary
monopoly against the perspective of Bitcoin and other
CryptoCurrencies was officially verified through the US Treasury!
As
reported by TeleSur:
The US
Treasury Department has red-flagged Venezuela's "Petro"
cryptocurrency, warning investors in the United States that engaging
with the currency might prove a legal liability because of sanctions
in place against the Latin American nation.
"Available
information indicates that, once issued, the Petro digital currency
would appear to be an extension of credit to the Venezuelan
government," a Treasury spokesman told Reuters on Tuesday.
Any such
transactions could be a violation of sanctions that prohibit new debt
from the Venezuelan state or its state oil company PDVSA, he said,
noting: "The Venezuelan Petro currency could therefore expose
US persons to legal risk."
The
first observation here, is that this is actually an indirect threat
from the US against any investor who will seek to find ways to invest
in Venezuela. And this is something that shows clearly the panic of
the US empire in front of the danger of losing the monetary monopoly
through dollar as the global reserve currency.
There is
a deeper reason for which the US empire is terrified in such a case.
Since the early 70s with the abolition of the gold standard, dollar
became the dominant currency in global scale. This fact permitted the
US financial-military-industrial complex, expressed by the
neocon/neoliberal ideology, to design economic and military wars in
every corner of the planet to maximize its power and profits. All it
needed was just machines printing dollars.
Yet, it
is perhaps more important (and impressive), that the statement by the
US Treasury spokesman above indirectly confirms the estimation that
CryptoCurrencies will help countries to overcome Western sanctions!
As
has been already pointed
out,
Russia also made a first move to issue its own
CryptoCurrency. While Vladimir Putin implied that CryptoRouble comes
as a natural attempt by Russia to participate in rapid developments
in the sector of monetary and commercial transactions, it is quite
probable that there are other reasons too. At the time where Russia
struggles to overcome continuous sanctions by the West and BRICS seek
complete independence from the Western monetary monopoly, the move
could contribute significantly towards the achievement of both of
these goals.
With
an alternative economic bloc based on a CryptoCurrency issued by
BRICS, Bitcoin and other CryptoCurrencies will find a much more solid
ground to be developed and survive. Because this huge bloc will be
backed by a fast-growing market functioning with real goods,
investments and services, not big oil interests, wars, bubbles and
speculative transactions that dominate in the Western financial
system today.
This
is actually a battle with time. The Western banking
cabal will seek to destroy Bitcoin before it finds a safety net in a
system flooded with decentralized CryptoCurrencies and other
CryptoCurrencies issued by a major rival bloc.
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