We should all be paying attention to Venezuela now. The next few months are going to be very, very interesting. For all of those who don't understand what's going on there, here's a short summary: the West is once more trying to destabilize a country that has managed to hinder economic parasites from exploiting the country. Venezuela has the largest existing oil reserves in the world and the parasites want it. Recently their president has suggested a very radical, unheard of, but potentially, globally significant solution: the replacement of the outdated fractional reserve banking used in the majority of the world, which makes the money-making central banks the rulers of the world, by a cryptocurrency, independent from the corruption and manipulation of financial institutions. Not only would this save the country, it would show the world a far better alternative to banks. It don't think the West will allow it though, they'll try to draw Venezuela into a war at any cost. I hope they'll be able to defend themselves and prevent a war, because a government using a cryptocurrency without any involvement of corrupt financial institutions would be an extremely important experiment for the entire world.
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