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Trump Bans Venezuela's New National Cryptocurrency (cnbc.com)
An anonymous reader quotes a report from CNBC: President Donald Trump issued an executive order Monday banning any transactions within the United States involving any digital currency issued by, for, or on behalf of the Government of Venezuela. The order applies to U.S. citizens as well as anyone within the United States, and includes cryptocurrency issued on or after January 9. President Trump's order is in response to recent attempts by Venezuelan President Nicolas Maduro's regime to "circumvent U.S. sanctions by issuing a digital currency," the White House said in a statement. Venezuela launched its oil-backed cryptocurrency in February to help pull the country out of a continuing economic crisis. President Maduro said each petro token will be backed by one barrel of the state's national petroleum. Maduro also said roughly 100 million tokens would be issued -- estimated to be worth around $6 billion. Bitcoin prices dropped about $200 to around $8,388, according to Coinbase, following the order.
Have the authority to do this? Like Obama the executive branch keeps getting more and more audacious with these executive orders.
Russia attacked a NATO country and Donald Trump is still sucking Vladimir Putin's dick.
Lock this traitor up right fucking now.
The US issued sanctions as a result of the polonium assassination, it might issue more in response to this.
This particular action is in response to Venezuela's attempt to circumvent existing sanctions.
Buy yourself a ticket and go fight Vlad yourself, you fuck.
No more wars for oil.
Bitcoin prices dropped about $200 to around $8,388, according to Coinbase, following the order.
Bitcoin prices fell way more than that the day before, because someone farted in a trading room I assume. And now they are going back up. This stuff's really volatile, a $200 price change is just noise.
If construction was anything like programming, an incorrectly fitted lock would bring down the entire building...
on Venezuela while we help the Saudi's bomb Yemen? I get that they're government is sketchy, but we support something like 80% of the world's dictatorships. If we're trying to take the high ground on Democracy that boat has sailed, circumnavigated the globe and returned laden with exotic spice (joke shamelessly stolen from Yatzee of Zero Punctuation fame)
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Why is AC being downmodded - Trump can't even get the courts to allow things he *is* allowed to regulate, like immigration. Nothing about this is an emergency - Venezuela isn't going to take the pennies Americans might throw at their new currency and build WMDs with it. If there's fear that the new currency will somehow take away our stranglehold on the price of oil, banning it from America will do fuck all to stop the global markets from using it anyway.
Just as you are supposed NOT to spend your money on goods sold by ISIS, you are not supposed to buy Venezuelan bonds, including the petro.
In that case I wonder why Citgo is still allowed to operate in the US. Oh yeah, because entrenched interests like it that way. Funny how calls of "national security" don't apply when influential people with large amounts of money stand to lose it...
Funny how calls of "national security"
National security is a nice catch all phrase that they use when they want to do a end run around the law and strip you of your rights. Unless its about guns, then its "think of the children."
I read at +2. If your post doesn't reach that level I will not see or respond to it.
Norway, Sweden, Finland. Germany, France, and Italy have socialist tendencies as well. Unchecked corporate greed gets you 'murika which is demonstrably bad for most.
Only I can judge you.