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Maduro introduces Venezuelan cryptocurrency

Summary:
Venezuela's plans to issue a cryptocurrency are an early warning of an attack on the Western-dominated global financial system.… The kicker. To keep its dominant role in the global financial system, the West is essentially interested in holding back progress. That, perhaps more than anything else, gives non-Western powers, including rogue ones, a potential technological advantage born of strong incentive.… Good luck with holding back progress. Bloomberg ViewGovernment-Run Digital Currencies Could Disrupt U.S. DominanceLeonid Bershidsky, columnist Se also Fort RussRussia, Venezuela launch Cryptocurrency counter-attack on Globalist BankersJoaquin Flores also The Duran EL PETRO: Venezuela rocks cryptocurrency world by announce oil backed cryptoAdam Garrie

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Venezuela's plans to issue a cryptocurrency are an early warning of an attack on the Western-dominated global financial system.…
The kicker.
To keep its dominant role in the global financial system, the West is essentially interested in holding back progress. That, perhaps more than anything else, gives non-Western powers, including rogue ones, a potential technological advantage born of strong incentive.…
Good luck with holding back progress.


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Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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