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Category: petro dollar
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Co-Founder of Bitmex Predicts Gold Rising to $10K, Bitcoin Marching to $1 Million
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The 50th Anniversary of ‘Nixon Shock:’ How Suspending the Dollar’s Convertibility With Gold Fueled Today’s Fiat World
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While Bitcoin Energy Concerns Grow, Nobody Discusses the Carbon and Military Violence Backing US Dollars
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Famed Economist Speaks: ‘US Coronavirus Bailout Scam,’ American Imperialism, De-Dollarization
During the last few weeks, the world has been dealing with the coronavirus outbreak. These days, however, many of the world’s citizens are growing more concerned over the government’s reactions than the virus itself. Moreover, with the U.S. economy feeling the hardship of over 30 million unemployed Americans and the petro-dollar on life support, many […]
The post Famed Economist Speaks: ‘US Coronavirus Bailout Scam,’ American Imperialism, De-Dollarization appeared first on Bitcoin News.
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Petro-Dollar System Crumbles: US Dollar Could Collapse from the World’s Oil Wars
During the last few days, people witnessed history when the price of crude oil dropped below zero to -$40 per barrel, and as time passes many analysts think the worst is yet to come. After West Texas Intermediate (WTI) oil-based contracts dried up for May, contracts for June collapsed by 45%. Experts say that the […]
The post Petro-Dollar System Crumbles: US Dollar Could Collapse from the World’s Oil Wars appeared first on Bitcoin News.
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Iran Is Being Targeted for Economic Independence, Not Terrorism
New, unprecedented economic sanctions have been imposed on Iran’s central bank after blame for a September 14 oil field attack was pinned on the nation by U.S. leaders. The sanctions blacklist the Iranian central bank and sovereign wealth fund, further severing the country’s already tenuous ties to the global market. With soldiers and weapons “of […]
The post Iran Is Being Targeted for Economic Independence, Not Terrorism appeared first on Bitcoin News.
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Venezuela Releases Petro Whitepaper Ahead of ”$5 Billion ICO”
Venezuela’s oil-backed cryptocurrency, the petro, is a step closer to reality following the release of the official whitepaper. The eagerly anticipated document outlines the token model and crowdsale mechanism that will be used to launch the ethereum-based project in February. Having been officially signed off by president Nicolás Maduro, the whitepaper is finally available for […]
The post Venezuela Releases Petro Whitepaper Ahead of ”$5 Billion ICO” appeared first on Bitcoin News.
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