Venezuela is preparing to use the El Petro for all its oil transactions, this will bypass US sanctions. The credit impulse is still in the negative territory, the central banks have taken their foot off the gas pedal and we are coasting towards the collapse. The world does not have to wait for another reserve currency, all countries need to do is use their own currencies. By doing this the dollar will not be in demand and the currency will begin to collapse which will have extreme repercussion on the US economy.
The "El Petro" is centralized, created by Venezuela and controlled by Venezuela. It is just another non paper Bolivar.
It's gonna BLOW!!!....:)...
Hi, You have made a good contribution to steemit
@x22report
Thank you.
I upvoted and followed you; kindly follow me and we can help each other become successful.
My Recent Postpetro is not considered a cryptocoin as its price is based on petroleum and not on supply and demand as a real crypto. It's another scam from the Venezuelan government.
Can we finally move forward instead of backwards? Die dollar. let's figure out the new currency
Thanks again, Dave
Is it time to go hunting demons yet⁉️