“The oil-rich nation plans to pay public workers in the digital token and to use tax incentives to encourage its use. While the petro would be backed by one barrel of Venezuelan crude, the coins can’t be exchanged for the actual oil.”
“Leftist President Nicolas Maduro is hoping to capitalize on the success of cryptocurrencies by creating one for Venezuela as the bolivar plunges to all-time lows and the country struggles with hyperinflation. Critics decry the petro as simply a way for the cash-strapped government to issue debt without being constricted by U.S. sanctions. But the U.S. Treasury last week warned that Americans engaging with the petro could still find themselves in violation of those sanctions. Many in Venezuela have used cryptocurrencies in recent years to evade strict currency controls.”
“Countries like the United States and Russia began nuclear testing in the mid-1940s. France, England, and China jumped on the bomb bandwagon a few years later. And with each detonation, radioactivity levels in our atmosphere increased. That meant each time steelmakers were blowing oxygen into new steel, they were also blowing nuclear particulates into it. That’s not true for the steel used to fabricate pre-1942 vessels, which is virtually radiation-free. And its clean status makes this metal particularly valuable for some technical applications of nuclear medicine and, more commonly, the development of nuclear energy and weapons.”
“Much of that gold comes from outlaw mines deep in the jungle where dangerous chemicals are poisoning rainforests and laborers who toil for scraps of metal, according to human rights watchdogs and industry executives. In comparison, the U.S. gold supply, mostly mined in Nevada and Alaska, offers stiff competition and regulations. Big companies control the big mines. Smaller companies looking to deal in U.S. gold are restricted to buying recycled ‘scrap’ gold from pawnshops and jewelry stores. To gain a competitive edge, many U.S. gold traders look south.”
I recently appeared on “Probable Cause” with Newsbud founder and editor Sibel Edmonds to discuss the ongoing battle for “states’ rights” versus the federal government. In the nearly hourlong interview, Sibel and I talked about nullification and how it serves as a powerful tool to take action at the state or local level. Sibel agrees with…
“In the most ironic story of the day, the company that makes the paper that Swiss banknotes are printed on was just bailed out by the money-printing, stock-purchasing, plunge-protecting, savior-of-global equities…Swiss National Bank.”
“Mount Olive Township Police were called to the CVS location on Tuesday over ‘suspicious activity,’ according to a police report. A man later identified as 28-year-old Craig Nakonechny had ‘repeatedly’ entered and exited the store and ultimately purchased several gift cards. This was somehow enough to trigger a call to the police (it’s not clear from whom) and a visit from Officer Anthony Gardner.”
“Now we wait for the next multi-billion asset freeze from some sovereign which not many will shed tears for… until one day, as the saying goes, they come to freeze your assets.”