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Maduro's cryptocurrency 'genius' once pushed US sanctions (Venezuela, Russia, Turkey)
AP News ^ | Mar. 19, 2018 | JOSHUA GOODMAN

Posted on 07/25/2018 3:37:03 PM PDT by Texas Fossil

CARACAS, Venezuela (AP) — A chief strategist of Venezuela's government-backed cryptocurrency is a former U.S. congressional intern who once organized protests against the same socialist administration he's now helping to circumvent U.S. financial sanctions.

Gabriel Jimenez, 27, was catapulted to something of tech stardom in Venezuela last month when he stood alongside President Nicolas Maduro and two Russian businessmen on national TV signing a contract to position the petro, as the fledgling currency is known, among international investors.

"It's a company founded and led by young Venezuelan geniuses, boys and girls of Venezuela, who have one of the most technologically advanced blockchain companies in the world," a beaming Maduro said at the petro's unveiling, referring to Jimenez's company, The Social Us.

It was a remarkable reinvention for Jimenez.

Maduro has repeatedly hailed the petro, the world's first state-backed digital currency, as a way to "overcome the financial blockade" by the Trump administration that prevents his cash-strapped government from issuing new debt. On Monday, the Trump administration banned Americans from dealing in Venezuelan cyrptocurrencies benefiting the government.

But Jimenez until recently had been agitating for the very same actions to punish Venezuela's leader for jailing his opponents and destroying the oil-rich economy.

A lawyer by training who describes himself as an "innovation enthusiast," Jimenez spent several years working at a Dominican Republic-based bank where his father was a top manager. The bank collapsed in 2014 and his father was among several Venezuelan executives charged by the Caribbean nation with defrauding depositors of $30 million.

After college Jimenez also started traveling to the U.S. for English and summer graduate classes at Harvard and George Mason Universities. In 2013, he started The Social Us, registering the company in Florida, as a webpage and app developer.

(Excerpt) Read more at apnews.com ...


TOPICS: Crime/Corruption; Foreign Affairs; News/Current Events
KEYWORDS: bankfraud; cryptocurrency; dominicanrepublic; erdogan; fraud; gabrieljimenez; kurdistan; nicolasmaduro; petro; porkbellies; receptayyiperdogan; russia; sanctions; scryptocurrencyscam; turkey; venezuela
The posted article is from and AP article back in March.

The following is from knowledgeable/reliable source about Turkey, today. (I'm not into cryptocurrency scams, but Madura and Erdogan?) >>

Abdullah Bozkurt @abdbozkurt 9h9 hours ago

https://twitter.com/abdbozkurt/status/1022094110403059712

#Turkey's Erdogan and #Venezuela president Nicolas Madura are two leaders who fight against imperialism and Turkey may join new global currency being developed by Madura, says #Erdogan's chief aide Yigit Bulut who accompanied him during his visit to Turkey earlier this month.

More related articles.>

Venezuela Bypasses Trump’s Sanctions on State Cryptocurrency Using Russian Banks (May 19)

https://sludgefeed.com/venezuela-bypasses-us-crypto-sanctions-using-russian-banks/

--

Russia bank helps Venezuela defy US cryptocurrency sanctions(May 14)

https://apnews.com/b745c5132a544735a71e9480582240f4

It seems that today, Turkey is making noise about partnering with Maduro in Venezuela. Totally Insane. But both are Dictatorships, both have serious financial difficulties (Maduro has already collapsed the Venezuelan economy.) And some 27 years old "geek" is going to fix everything? And defy the international bankers by using a CryptoCurrency? And our NATO "ally" (sarcasm) thinks this will work for him too? Headshake.

1 posted on 07/25/2018 3:37:03 PM PDT by Texas Fossil
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To: Texas Fossil
So it hasn't seemed to work as great as they envisioned has it.

Life's a struggle as Venezuela inflation heads for one million per cent

Show me the money:Handbags woven out of small bills by Wilmer Rojas and, right, Jose Leon’s money art.AFPAFP
Show me the money:Handbags woven out of small bills by Wilmer Rojas and, right, Jose Leon’s money art.AFPAFP

2 posted on 07/25/2018 4:07:23 PM PDT by Robert DeLong
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To: Robert DeLong

Such is the rewards of advanced Socialism. The money is not worth the paper it is printed on.

Total Failure. Headshake.


3 posted on 07/25/2018 4:21:55 PM PDT by Texas Fossil ((Texas is not where you were born, but a Free State of Heart, Mind & Attitude!))
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To: Robert DeLong

Such are the rewards of advanced Socialism. The money is not worth the paper it is printed on. And you cannot buy toilet paper.

Total Failure. Headshake.


4 posted on 07/25/2018 4:29:53 PM PDT by Texas Fossil ((Texas is not where you were born, but a Free State of Heart, Mind & Attitude!))
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The Three Amigos

Iran's President Hassan Rouhani, Russia's Vladimir Putin and Turkey's Tayyip Erdogan meet in Sochi, Russia November 22, 2017. (photo credit: SPUTNIK/MIKHAIL METZEL/KREMLIN VIA REUTERS)

Column One: Portents of quagmires in Syria

5 posted on 08/12/2018 1:19:59 PM PDT by SunkenCiv (www.tapatalk.com/groups/godsgravesglyphs/, forum.darwincentral.org, www.gopbriefingroom.com)
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To: AdmSmith; AnonymousConservative; Berosus; Bockscar; cardinal4; ColdOne; Convert from ECUSA; ...
A chief strategist of Venezuela's government-backed cryptocurrency is a former U.S. congressional intern who once organized protests against the same socialist administration... Gabriel Jimenez, 27... last month... stood alongside President Nicolas Maduro and two Russian businessmen on national TV signing a contract to position the petro, as the fledgling currency is known... "It's a company founded and led by young Venezuelan geniuses, boys and girls of Venezuela, who have one of the most technologically advanced blockchain companies in the world," a beaming Maduro said at the petro's unveiling, referring to Jimenez's company, The Social Us... the petro, the world's first state-backed digital currency... Jimenez until recently had been agitating for the very same actions to punish Venezuela's leader for jailing his opponents and destroying the oil-rich economy. A lawyer by training... Jimenez spent several years working at a Dominican Republic-based bank where his father was a top manager. The bank collapsed in 2014 and his father was among several Venezuelan executives charged by the Caribbean nation with defrauding depositors of $30 million...
Thanks Texas Fossil.

6 posted on 08/12/2018 2:52:32 PM PDT by SunkenCiv (www.tapatalk.com/groups/godsgravesglyphs/, forum.darwincentral.org, www.gopbriefingroom.com)
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To: SunkenCiv
a former U.S. congressional intern who once organized protests against the same socialist administration.

He is still working with this. ;-)
7 posted on 08/14/2018 1:00:27 AM PDT by AdmSmith (GCTGATATGTCTATGATTACTCAT)
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