What would you do with the Venezuelan economy? (redcultofnyx.com)

Venezuela is an oil rich country, and El Salvador recently switched to crypto. The move for the developing world is to embrace crypto. Moldova, Malawi, and basically any other nation trying to make it.

Venezuela is going to have to sell some of it’s oil for US or Canadian dollars. Possibly the Euro or Mexican Peso. It really depends on who the Venezuelan government wants to do business with.

I’ll use a small number as an example. For what I’d have them purchase with the foreign currency. It’s going to be 1 million just to make it simple.

1. 250k in silver

2. 150k in gold

3. 200k in Ethereum

4. 400k in Bitcoin

Now that we have both physical & digital stores of value. The Venezuelan economy has something that’ll keep it afloat. These assets are more likely to hold value compared to banknotes.

The next step would be to get into contact with various organizations within the cryptocurrency industry. Like Solana, Polkadot, Stellar, and Algorand that can offer innovative technology.

Developing a relationship with exchanges like Coinbase, Gemini, and Kucoin would be important too. Venezuelan companies could create their own tokens, and put them on exchanges. As an alternative to Wall Street.

Finally do what I suggested in this post addressing the CPUSA

Redcultofnyx.com