SUPCACVEN Can’t Scam a Scammer
People who have been trading cryptocurrencies for a while, let’s say the pros sometimes referred to as “crypto bros”, are staying as far as they can from the petro. One of them explains the many reasons why.
Economy
Everybody Wants a Piece of CITGO
PDVSA bondholders, US energy firms, the Russians, Crystallex, and now a Swiss commodities trader… everybody wants dibs on CITGO, the most valuable Venezuelan asset abroad.
Is the Petro Truly Backed by Oil Reserves?
Since certified reserves aren’t such, the petro will be, at best, another way to make opaque transactions by an already shady administration.
The petro hasn't raised a dime
The Maduro government claims the petro was successfully launched. The records on the blockchain say otherwise.
[UPDATED with Good News!] Hey, MIT: Venezuela's Official Exchange Rate is Fake!
A young math prodigy from Maracaibo beat the odds to get accepted to MIT. But without financial aid, she can't go. And she can't get financial aid, because at the official exchange rate, she's a millionaire!
FX Controls: A Tragedy Turns Fifteen
Tal día como hoy, in 2003, Venezuela began rationing foreign currency by fixing its price. Has any other policy done more to ravage Venezuelans’ livelihoods?
Oil-Black Future: What if Oil Output Keeps Dropping?
The alarming rate at which our oil output is reducing, makes us wonder what we’ll do with it if our main buyers find other alternatives, which they have already started doing, because that’s just how normal markets work. Guys, oil isn’t edible.
What’s Next for the Worthless Petro
The chavista cryptocurrency is worth nothing and still they’re planning to sell 44 million units come March 29. They probably think people will rip them out of their bloody hands, like Clap bags.
Taming Hyperinflation: A perspective from a skeptic of monetarism
My research suggests rapid money supply growth does not cause ordinary inflation. But I want to be clear that hyperinflation is a whole other story.
Cash Crisis in Guayana Pica y se Extiende (Part II)
Facts and figures that might help you understand why it’s so hard to find cash in our country and Part II of the guayaneses’ odyssey and their many tactics to find cash.
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