Tfw you manage your country's economy so poorly the only solution is a scam ICO

>tfw you manage your country's economy so poorly the only solution is a scam ICO

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They try to get funds from nowhere, literally they are printing their theters. ITT. southamericanfag

kek

Venezuela has the largest oil reserve in the world
Its oil is harder to refine than Saudi oil, but still
If they decide that the only way to buy their oil is with this "Petro" coin, could it become big?

Btw biz. Venezuelan people are so fucked with inflation that here in my country witch is next from them, they are working on the streets selling candies and GIVINGAWAY bolivares for free as a "souvenir from Venezuela" they literally are giving Venezuelan money for free as a publicity metod for their informal sales. Sorry for the broken English btw

Parsero, de donde sos?

They don't have any reserves of anything, they are fucking broke. With out the USA oil infrastructure and some semblance of capitalism they can't even stock a grocery store. Russian markets in the 80's we're slightly better then their horse shit

How fucked is Colombia by being next to Venezuela?

No Colombia, Ecuador. Sir

I hear that so far that the amount of cheap venezuelan prostitutes and cheap labor (think waitresses, etc.) has skyrocketed

Is it fucked by Venezuela?

Ecuador is lawful Colombian clay anyway.

Someday...

fucked no. But people are pissed off from seeing so many immigrants. It's hilarious because in the 2000 my country has also an exodus of immigration because of banker's

Price of coke crashing?
Should I sell my coke now?

Resuming. Don't buy Venezuelan bags!

You mean the oil they can't even get because they don't have enough electricity? Imagine being so incompetent that you have the largest reserve of oil but not enough electricity, that's Venezuela for you.
>If they decide that the only way to buy their oil is with Petro coin
Yeah because they are in a position to refuse any form of money from any country

Why would it crash, you dumb fuck?

>Number of potential buyers increase
>Price decreases
Are you a Venezuelan economist?

Venezuelans refuge to Colombia
Get shitty coke producing jobs because poor
Coke production increases

Wait, so increased demands means lower prices?

Jesus H. Christ.

Why increased demand? Venezuelans don't have the money to buy coke

>Implying they wont use all the dirty tricks they can for a fast pump and dump
>not riding Maduro's p&d
I will literally 10x and laugh at you the same week it releases

Finally while they are corrupt and incompetent, their main issue is that the us forbids them from refinancing their debt. Imagine if murika had to pay all the millions they owe. They are equally as broken as Venezuela, with an impossible to pay debt, only with infinite credit to use it as bicycle. Burgers laughing at these niggers are funny. They are equally retarded.

VÍDEO with translation:
youtube.com/watch?v=XAo0sDu-dGU&feature=youtu.be

I don't trust them enough to buy the Petro.

>Petro

Would have bought if it was called 'Pedro', but it's not... and for that reason, I'm out.

this shit going be epic!

Hyperinflation. Correction in 9 months. Yeah, other countries who have experienced this, Germany WWI, ended up using their papercurrency to insulate their homes and burn on their fires for warmth. Brutal.

>they literally are giving Venezuelan money for free as a publicity metod for their informal sales.
They do the same here in Colombia

Aside from receiving 1+ million economic migrants in the last 2 years there has not been too much spillover. We have the occasional venezuelan military incursion in bordering towns, which is unacceptable. Venezuelan migrants behave well on average and they adapt easily but safety perception has definitely decreased in certain areas, especially in lower class neighborhoods of cities and towns near the border

Eat half of it and get on the markets, buddy boy.

don't you have to show your reserves for people to trust you and get a notion of your value

it's comes off as begging for money

If crypto makes communism work I don't know what I would do.