Venezuelan News in English: https://www.reddit.com/r/arepas/
Senate Hearing details regarding the Venezuelan Petro Dollar: https://www.coindesk.com/venezuelas-cryptocurrency-plans-draws-ire-us-senate-hearing/
Social Media:
Facebook: https://www.facebook.com/davidhay.org/
Twitter: https://twitter.com/DavidHaydotorg
It's mad in Venezuala. Sharp price increases have led to widespread looting - a sign of things to come in the West? The govt announced an increase in the minimum wage but supermarkets in response doubled their prices. Money supplied increased in 2017 by over 1000%. Massive cash injection in the light of worsening economic crisis leads inevitably to the hyperinflation we are witnessing. Of course the Venezualan government is now able to pay its creditors! Rampant corruption, rising inflation and continued scarcities will not be solved by launching an oil backed crypto.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I could talk for hours about this subject. It's so sad and such a dark side of humanity. Every time my phone rings I have a panic attack because I think it's going to be bad news from my family living there.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It's sad...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you @davidhay, great insights. I completely agree with your position about Petro, as a Venezuelan I would advise everybody to stay away from it , it's a high risk investment and at the same time you are financially supporting a dictatorship. actually I would like to provide additional details about the current situation in the country, hope you don't mind:
http://sites.krieger.jhu.edu/iae/research-programs/special-topics-venezuela/
https://www.cato.org/research/troubled-currencies?tab=venezuela
http://www.nytimes.com/2007/03/18/world/americas/18venezuela.html
https://news.bitcoin.com/why-venezuelas-new-national-cryptocurrency-el-petro-will-fail/
https://www.npr.org/2018/02/01/582469305/venezuelas-health-care-system-ready-to-collapse-amid-economic-crisis
https://www.pbs.org/newshour/show/venezuelans-suffer-deadly-scarcity-food-medicine
https://www.reuters.com/article/us-venezuela-children/venezuelas-unrest-food-scarcity-take-psychological-toll-on-children-idUSKBN1CA1BI
Massive migrations, and violations to human rights: there are many different reports on this (mostly in Spanish) some of them mention up to 3 million people have left the country in the past few years:
https://www.bloomberg.com/news/articles/2017-10-05/once-latin-america-s-wealthiest-venezuelans-flee-economic-crisis
http://www.dw.com/en/could-there-be-a-venezuelan-refugee-crisis/a-41384421
https://www.hrw.org/blog-feed/venezuelas-crisis
https://www.cfr.org/backgrounder/venezuela-crisis
Highest criminality rates in the world: In Venezuela the homicide rate for 2017 was 89 per 100.000 habitant, with Caracas at the top of the list as the most violent city in Latin America
https://www.insightcrime.org/news/analysis/2017-homicide-round-up/
https://www.insightcrime.org/news/brief/latin-america-dominates-world-50-deadliest-cities/
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for adding this. It so important to have real Venezuelans tell their side of the story. Stay strong my friend, I wish you the best for the future.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Senate Hearing
While the hearing could have been a lot worse, I’m afraid that we may be duped. A televised hearing is an opportunity for politicians to show off their skills and “wise demeanor”. These people are actors and can play to the audience. Their true face comes out behind closed doors, far from millions of eyes that can see their deviousness.
Make no mistake, the true mandate of the SEC is to serve Wall Street, not main street. Their very existence is based on legitimizing ways for their masters to fleece the little guy. (Think High Frequency Trading).
Keep a keen eye on what they do, not what they say.
These are the foxes telling the kitchens they are here to help.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Currently we are in double digits all across top 100. Time to get hyped? :D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I've been following @davidhay for a while on youtube and I must say I appreciate you posting a bit more than just the video alone. Lot's of youtubers just post their video and are only interested i making some extra cash out of it.
Keep up the good work! Really appreciate learning from you.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Just like me :( 1:41
I'm still hodling though and I am very optimistic in the long run!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
David, thanks for your insight and for bringing up Venezuela's situation in such a candid way. You did a better job summarizing the situation than many mainstream media outlets .
Also, the more I watch your videos, the more I feel aligned with your way of thinking and approach towards finances. Keep up the excellent work.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I hope all in Venezuela will be alive and well.
It's obviously fighting over their oil.
David, can you talk about Credits coin? It looks promising ICO. Thanks.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
👍
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit