https://sputnikglobe.com/20180109/an-oil-backed-cryptocurrency-for-venezuela-1060611642.html
An Oil-Backed Cryptocurrency for Venezuela?
An Oil-Backed Cryptocurrency for Venezuela?
Sputnik International
On today’s episode of Double Down, Max Keiser and Stacy Herbert discuss Venezuela’s new oil-backed cryptocurrency dream with oil market expert, Chris Cook. 09.01.2018, Sputnik International
2018-01-09T09:46+0000
2018-01-09T09:46+0000
2022-08-06T11:58+0000
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An Oil-Backed Cryptocurrency for Venezuela?
09:46 GMT 09.01.2018 (Updated: 11:58 GMT 06.08.2022) On today’s episode of Double Down, Max Keiser and Stacy Herbert discuss Venezuela’s new oil-backed cryptocurrency dream with oil market expert, Chris Cook.
As Venezuela's economic problems mount, Double Down asks Chris Cook whether or not a proposed new oil-backed cryptocurrency can solve the nation's problems. Cook thinks the question of whether or not Venezuela's oil reserves are even available to back this crypto when so much is backing the bonds bought by China. And is the cryptocurrency possible in a day when Donald Trump has altered US energy policy from that of his predecessor's 'the Big Long' policy to that of total Energy Dominance as announced on July 1st. While the US media ignored Trump's new policy, what does it mean and how is that playing out on the world's geopolitical stage?
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