Venezuela - banksters 2-0: Maduro about to launch second Cryptocurrency, bringing the gold standard from the back door!
After
the successful
premiere of Petro, Venezuela's first
Cryptocurrency, the country is about to send another shock wave
against the Wall Street mafia and the Western banking cabal, very
quickly. Maduro announced a second Cryptocurrency that will be backed
by gold and other precious metals!
From
TeleSur:
After
launching the oil-backed cryptocurrency Petro earlier this week, the
Venezuelan government is now preparing a new digital currency called
the Petro Gold or 'Petro Oro,' which will be backed by gold and other
precious metals.
"Next
week I'm going to launch the Petro Gold, backed by gold, which is
even more powerful, to strengthen the Petro," Venezuelan
President Nicolas Maduro said in a televised speech on Wednesday
night.
Maduro
has said the goal of the Petro and now the Petro Gold is to combat
sanctions and the "economic war" waged by the U.S.
government and its junior partners against his country, and advancing
"on issues of monetary sovereignty, to make financial
transactions and overcome the financial blockade."
The
launch of the Petro was announced in December. It is regulated by the
Superintendence of Cryptocurrencies and Related Activities, as well
as the Blockchain Observatory.
In 1971,
Nixon ended the direct convertibility of the US dollar to gold, and
as dollar became the global reserve currency, the absolute dominance
of the banksters became definite. This is a very crucial moment
because it actually marks the beginning of casino capitalism and the
complete domination of the neoliberal ideology in the West.
Banks
and big corporations couldn't wait. Just two years later (September
1973), they proceed to another big experiment. Through the
U.S.-backed military coup in Chile that ousted the
democratically-elected President Salvador Allende, they establish a
17-year dictatorship led by Augusto Pinochet. Chile became the first
lab-rat of neoliberalism. Milton Friedman and the Chicago boys advise
dictator Pinochet to kill the state and privatize everything. Chile
was occupied by big cartels, US interests companies, people suffered
from poverty and from Pinochet's cruel regime.
It's the
same tactics tried by the US empire against Venezuela, attempting to
'make the economy scream', as Nixon had ordered back then against
Chile.
With the
dollar monopoly through the abolition of gold standard, the US empire
managed to maintain its military machine in order to support and
expand the interests of the US corporate monopolies. At the top of
the pyramid, the banking cartels became the absolute controllers of
the new fiat money with devastating consequences: endless wars,
rising inequality, destruction of the social state, waves of ongoing
attacks against the middle class in the US and elsewhere.
Therefore,
this second strategic move by Venezuela is both practical and
symbolic. The gold-backed Cryptocurrency not only will help Venezuela
to escape the US economic suffocation faster, but also, to create a
parallel system of global transactions that will be based on a type
of gold standard. This will permit countries to decouple economies
more efficiently from the Western monetary monopoly, which is based
on financial capitalism.
It is
certain that the mechanisms of neoliberalism will fight back, yet,
the blockchain technology in the hands of countries that have
suffered from its policies, may eventually become a decisive tool
that will put an end to its global domination.
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