What’s Really Happening with Venezuela’s “El Petro” Crypto Currency?

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Between a broken website, pushback from its own government and stories of violence and extortion, it’s almost as though the Petro isn’t doing as well as mainstream media is making it seem.

Learn More:
www.zerohedge.com/news/2018-02-26/whats-really-happening-venezuelas-el-petro

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Comments

Holman Garcia says:

We all know that the USA is wirse governments in the world. The most evil country and most be destroy, because JESUS CHRIST most comes back soon.
Read the HOLY BIBLE IN REVELATION explain what is next. this nation is heading to destruction. When Satan and his demos controll a nation or somebody life they are going down.

Pat Silver says:

Dahboo – FYI – from my experience, I am seeing a hierarchal trend of these coins whereas they will be convertible all the way down to the retail store …. for example:  Agriculture Block Chains:  1 BOX OF CEREAL PURCHASED AT GROCERY STORE PAID W/ AGRICULTURE CRYPTO CURRENCY – THEN THE GROCERY STORE RESTOCKS MORE BOXES OF CEREAL BY PURCHASING FROM WHOLESALER WITH THE CRYPTO CURRENCY – THEN THE WHOLESALER PURCHASES THE CEREAL FROM THE MANUFACTURER WITH THE CURRENCY – THEN THE MANUFACTURER PURCHASES THE RAW GRAINS FROM GROWER WITH THE CURRENCY.  This allows the governments to monitor all transactions and to launch a cash free society by giving everyone 'Universal Basic Income' cards – STARTING WITH FOOD STAMP CARDS.  This food will be sprayed with the worst chemicals and Organic will not be an option.  These cards will help to calm the population as we head into the Grand Solar Minimum as food prices double again and again.

The Great Mechanized Ape says:

this is 100% a scam.

The Great Mechanized Ape says:

lol. something suspicious.. the entire thing?

Niggasdontdiewex says:

Crypto currency ain't wat y'all think… Fight against it… It will…it will seal it doom

BUSHY VANARSDALL says:

Crypto-currencies are all BOGUS………just like fiat money……..totally worthless

Aaron Rowland says:

Hey daboo7 some times I can't see the other people's comments thought I ask you if certain people are picked to make a comment on your video

Vat_city says:

Vitalik stopped it

Stu art says:

Fucking Bitcoin wankers

Return of Zeus says:

The Muslim royal families are working closely with the European royal families and Black Nobility. The Muslim royalty intermarried with various royal and noble bloodlines after the Moorish invasion around 700 AD. The royal families that came in with the Moors settled in Spain, Portugal and Italy as well as smaller groups in France and Germany. Joseph Ratzinger has a Moor on his papal coat of arms. The British Crown established the Kingdom of Saudi Arabia through the Treaty of Darin and then fully through the Treaty of Jeddah. During WWI the European nations conquered over most of the Mid East and North Africa and then later put into power the royalty which also run the oil fields. Former King Fahd and former King Abdullah were Knights of the British Empire. France and Spain conquered Morocco before granting it independence with the House of Alawite as the reigning monarchs. King Mohammed VI of Morocco is a Knight of the British Empire, French Knight of the Legion of Honour, and Knight of three different Spanish orders. The Moors invaded Spain and established large populations there. The British Crown conquered Bahrain and secured the House of Khalifa as its rulers while going into oil contracts with companies in Bahrain. Several members of the Khalifa royal family went to school in the United Kingdom. Mohammed bin Hamad bin Mohammed Al Sharqi the Crown Prince of Fujairah was educated in London.

The British Crown conquered the land now called the United Arab Emirate States and established mining and oil industries there before handing the land over to the Al Nahyan family and they are believed to be worth about 150 billion. They own the Abu Dhabi Investment Authority which is worth over 1.3 trillion in assets. British Petroleum formerly Anglo-Persian Oil Company and the French Total petroleum company went into contract with the oil miners in Abu Dhabi. The House of Grosvenor are one of the most powerful and wealthiest families in the United Kingdom and own properties and hotels all over the world. The Grosvenor House in Dubai is named after them and officially owned by the mega billionaire Ahmed bin Saeed Al Maktoum. Ahmed bin Saeed Al Maktoum has an honorary degree from the University of London and is likely in business contracts with the Grosvenor family which is why he named his hotel after them. Sultan Ahmed bin Sulayem is CEO of DP World which bought the British P&O ports and shipping company for about 6 billion. George Walker Bush approved the sale of US ports in New York, New Jersey, Philadelphia, Baltimore, New Orleans, and Miami to DP World and they then sold it to American International Group (AIG). DP World was already running these ports before the sale and likely have influences there even after reselling them to AIG. Mohammed bin Rashid Al Maktoum is the primary owner of Dubai World and Dubai Holdings. Saud bin Saqr Al Qasimi is a ruler in Ras al-Khaimah in the United Arab Emirates and him and his son went to school in the United States.

The Saudi Prince Khalid bin Bandar bin Sultan Al Saud is married to Lucy Caroline Cuthbert and she is the niece of Ralph Percy the Duke of Northumberland. Ralph Percy's son George Percy went to the University of Damascus, speaks Arabic, and did business in Abu Dhabi. George Percy is the CEO of Hotspur Geothermal which does oil drilling in Africa. King Mohammed VI of Morocco is worth about 6 billion and has major shares in Moroccan companies that are in contract with many European companies. King Mohammed VI has also been exposed for high level corruption involved in business and politics. Khalid bin Faisal Al Saud is the Governor of Mecca and is close friends with Prince Charles. Khalid bin Faisal Al Saud is also a Knight of the Order of Francis I under the Italian House of Bourbon-Two Sicilies with Prince Carlo the Duke of Castro as the sovereign head. A close relative of the Duke of Castro; Prince Carlos of Bourbon-Parma is a member of the Dutch royal family through his mother Princess Irene of the Netherlands and worked for the ABN AMRO Bank. The House of Orange-Nassua established the Netherlands Trading Society which later established ABN AMRO Bank and ABN AMRO partly owns Saudi Hollandi Bank of Saudi Arabia. Abdullah bin Hamad bin Isa Al Khalifa paid the serial child molester Michael Jackson for his court fees when he was prosecuted for pedophilia for the second time. Michael Jackson faked his death and has been hiding out somewhere in the Mid East to evade any more criminal charges.

The Kingdom of Jordan was established by the United Kingdom through the British Mandate for Palestine and then fully through the Treaty of London of 1946 which appointed the House of Hashemite as the reigning monarchs. King Abdullah II of Jordan is a member of the British Army and also went to the Jesuit University of Georgetown in Washington DC. King Abduallah II is a knight of various military orders including in Italy and in the United Kingdom. The House of Thani in Qatar and Hamad bin Jassim bin Jaber Al Thani run several banks in Luxembourg through Precision Capital. Luxembourg uses private banking like in Switzerland which enables money laundering and tax evasion. Hamad bin Jassim bin Jaber Al Thani and his company went into contract with BAE Systems in New Jersey and their accounts were froze for an investigation into money laundering. Hamad paid off the Jersey officials with 6 million and they then dropped their investigation. Emir Tamim bin Hamad Al Thani is an Italian Knight of the Order of Merit and French Knight of the Legion of Honour. The Getty family who own Getty Oil purchased oil fields from the House of Saud and this made them one of the wealthiest families in the United States for a period of time. The Getty family are also intermarried with the Italian Ruspoli family today.

The various royal families in the Mid East have an accumulation of hundreds of billions of dollars and are working closely with the European royal families who put them into power in their regions. Many of the Islamic royal families do business at the City of London Corporation and are in contracts with companies owned by the royal families like British Petroleum and Royal Dutch Shell. The royal families of Europe use the Mid Eastern royal families as financiers for their agendas as part of their contracts for being allowed to be wealthy and rule their nations. They have some authority over the Shriner Freemasons, Five Percenters, and Nation of Islam. They use their wealth to fund these organizations and other secret societies like Wiccan cults. They have an Arab Mafia headquartered in New Jersey and have infiltrated the ports in the United States. Islamic royal families include the House of Saud, House of Alawite, House of Khalifa, House of Thani, House of Hashemite, Al Sharqi family, Al Nuaim family, Al Mu'alla family, Al Qasimi family, Al Nahyan family, Al Maktoum family, bin Laden family and bin Sulayem family as well as others. These families are predatory and are targeting people from other nations. The House of Saud are extremely fascist and oppress their own people. Many of the Mid Eastern royal families are tyrannical. They rule their nations sovereignly in most cases however the Black Nobility and European royal families have leverage over the royal families of the Mid East.

Gene Rosen says:

Anything hackable is not feasible

dharma6529 says:

Give me an S , Give me a C , Give me an A ,  Give me an M , What do we have ??? A SCAMMMMMMMMMMM

Michael Roth says:

Hi DAHBOO, Can you make a video about the Sanuscoin?

Jolene Uranga says:

They talked shit about Israel.. Thats a big no no

blaghist says:

they gonna flop harder

Fid LaF says:

If anybody speaks Russian or Spanish. This is the day the Petro was introduced to the world. They are talking about the Petro been the Coin to be used to exchange between LatinoAmerica. No more Petro Dollar
youtu.be/Y1Owp9hMoRY

Fid LaF says:

The move has raised worries that the cryptocurrencies, which analysts say is enjoying a period of massive overvaluation, could see their bubble burst rapidly in the near-term.

www.telesurtv.net/english/news/Venezuelas-New-Cryptocurrency-Nearing-A-Million-Miners–20180104-0014.html

Fid LaF says:

This is what Venezuela is going to do. With Maduro or without Maduro. Who cares about Maduro. It wasn’t his idea.
To achieve the objectives set in the internal economy and also contribute to the fight against the powerful north,

Step 1: Venezuela will redirect the origin of government subsidies from oil revenues to bitcoin mining in sufficient quantities to dominate the global field of cryptography. Additionally, legalize cryptocurrency and mining. Fill the country with bitcoin ATMs. Allow employers to pay salaries in BTC.

Step 2: Accept payment for Venezuelan oil only in bitcoin.

Step 3: Launch the "Petro" as a local currency, a currency managed by the government with a fixed exchange rate (dynamic, with a simultaneous exchange rate in gold) as a way to mitigate the volatility risk of bitcoin in the local economy .

Step 4: Use the strengthening of the Venezuelan currency to invest in large purchases of Yen, to destroy the dollar and decapitalize the colonial oppressor.

Fid LaF says:

Petro is a much more ambitious project than other digital currencies. like the Digix (backed in gold) or the Tether (backed in currencies) that will have the door To the use of other assets as backup of the currency due to its condition of active Crypto issued by the state on its own platform, the instrument has Potential to be adopted massively, with more than 20 million users alone, in Venezuela, that is, the equivalent to 5 times the size of the global market of the Crypto coins. Petro will work with the technology of block chains, following the highest standards to guarantee integrity, transparency, auditability and governance. In addition, it has the backing provided by the privileged reserves of natural resources of Venezuela. This cryptoactive will generate confidence among international investors for having their bases firmly established in a context of clear rules and a solid connection with the real economy.
Petro as it is the fact of being backed by the largest certified oil reserve on the face of the earth with 395,878 million barrels of oil 2 times higher than the reserves of Saudi Arabia and Dubay together, 11 thousand tons of gold in natural reserves , the 4th largest gas reserve on the planet, diamonds, coltan, and the world's largest Thorium reserve 2 times the size of the oil reserve, this mineral possesses 1,000 times the energy produced by the uranium in the nuclear bomb plus It is a powerful existing one that makes the figure that will support the Petro be "58,000 Billion Dollars", the equivalent of 40 times the gross domestic product of the US. and 4 times that of China.

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