Why the petro currency?

in crypto •  7 years ago 

Image source

The economic and commercial wars are typical of capitalism the disputes for the control of the market between capitalists is every day from taxes and tariffs to foreign products or resort to practices of lowering prices to break the competition to the sabotage of destruction of competition materials.

Capitalism monopolizes the world market and enters into conflict with other nations for the control of markets which has led economic war to military wars. Of course, to the "underdeveloped" countries are subject to trade conditions, those that try to resist are subjected to financial economic sanctions without forgetting the military invasion.

Venezuela is a backward country and its small bourgeois nationalist government with bonapartist overtones when entering into conflict with the imperial nations will be subjected to all these economic warfare practices.

The financial sanctions are one of those practices not allow the flow of money product of oil exports not allow to acquire debt to refinance and affects the exchange rate. The Venezuelan capitalist government plays with capitalist rules, therefore it will be subject to these rules

This is why Petro is created as a way to escape the world financial system and thus obtain dollars to finance itself, bet to play in the world capitalist system, place a price in dollars for the change of its virtual currency and it supports Oil Reserves similar to an action that represents part of the capital of a company and that sows expectations of its growth and is sold on the stock exchange.

The Petro is sold by the Venezuelan government and then those who own it treasure it or sell it according to their wishes. That is the same speculative practice where the capitalists steal from each other in the stock market, the Petro does not have an expiration date and no pay interest or dividends

But can the Petro escape the financial system?.... no, as we saw the Petro has to be measured in dollars like all cryptocurrencies, because its purpose is to treasure or obtain profits, without backup Bitcoin case where its price started at "1 Dollar a Bitcoin" and reached speculatively the sum of $ 20,000.00, or those currencies supported by capitalists, the dollar as you know is already controlled by the US and electronic currencies will circulate as it suits the US who controls all the movement of capital and if at some point (who are already taking that action) decided his death just by meeting the US federal reserve and its European and Japanese partners would declare the death of cryptocurrencies.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

You got a 7.14% upvote from @sunrawhale courtesy of @isnaldo!

This service has been created with the help of @yabapmatt so please show your support by voting for him for witness!

Hi, I upvoted and followed you :)
Follow back and we can help each other succeed! @hatu
My recent post

Okay men.

You got a 17.86% upvote from @bid4joy courtesy of @isnaldo!

You got a 10.00% upvote from @payforplay! Please consider delegating steem power to @payforplay. We are currently sharing 100% of our profits with our delegators. That's correct, 100%! It doesn't get better than that. It is essentially running your own bid bot without doing any of the work. Steem power can be delegated here: https://steembottracker.com/delegation.html

You got a 3.08% upvote from @minnowvotes courtesy of @isnaldo!

@youtake pulls you up ! This vote was sent to you by @isnaldo !

You got a 14.34% upvote from @redlambo courtesy of @isnaldo! Make sure to use tag #redlambo to be considered for the curation post!

¡@isnaldo! Muy bueno el contenido, sigue asi!

Esta publicación es apoyada por la comunidad UNEEVERSO, para que al obtener votos automatizados pueda conseguir PROMOCIÓN GRATUITA y pueda darse a conocer a un público más grande. Este contenido lo merece, considera darle reesteem.

¿Te interesa, obtener upvotos y dar a conocer tu publicación?


Te invitamos a unirte a nuestra comunidad, cada día crece más y tu puedes crecer con nosotros.
¿Te interesa conocer sobre nuestro proyecto?: https://goo.gl/cuFExt
¿Te interesa conocer sobre nosotros y sobre actualizaciones de uneeverso.com?:
* Acceso a Uneeverso : https://www.uneeverso.com/registro
* Acceso temporal a Uneeverso : http://uneeverso-oficial.mircloud.host/registro
* Uneeverso en discordapp: https://discord.gg/Y5kM5Kj
* Siguenos: @blickyer @yunior.selbor @sweetvenon @arevaloarcadio @baudilio @jnavarrotovar

You got a 5.01% upvote from @brupvoter courtesy of @isnaldo!

This post has received a 9.12% upvote from @lovejuice thanks to @isnaldo. They love you, so does Aggroed. Please be sure to vote for Witnesses at https://steemit.com/~witnesses.

You just received a 5.88% upvote from @honestbot, courtesy of @isnaldo!
WaveSmall.gif

You got a 3.36% upvote from @nado.bot courtesy of @isnaldo!

Send at least 0.1 SBD to participate in bid and get upvote of 0%-100% with full voting power.

Release the Kraken! You got a 1.31% upvote from @seakraken courtesy of @isnaldo!

You got a 6.26% upvote from @luckyvotes courtesy of @isnaldo!

You got a 33.33% upvote from @bearwards courtesy of @isnaldo!