The Native American Culture Page -- August 14, 2018 -- The "Dollarization" Of Venezuela's Currency

See this post for background. At the link, scroll down to "The Book Page" at the bottom.

The eagle-eyed reader who first spotted the reference to a "carver's cabin" at Burnaby has now photographic evidence of such a structure, and indeed, it is a two-story cabin as the reporter first reported.

See this Burnaby update. Note the two-story carver's cabin:

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Update On Venezuela

For the archives, from Argus:

• August 20, 2018: Venezuela to formally introduce new currency
• the sovereign bolivar will replace the existing strong bolivar
• the sovereign bolivar will strip off five zeroes from the exiting strong bolivar
• the sovereign bolivar will be tied to the "petro"
• the petro is a newly introduced Venezuelan cryptocurrency -- will hide sources of financial transactions
• the petro will be backed by Venezuela's oil, gold and diamonds  (I am not making this up)
• the central bank will publish the value of the new sovereign bolivar on a daily basis
• if its backed by the price of oil (for the most part), Venezuela has turned to "dollarization" of its currency -- Argus -- because internationally, oil is still priced in US dollars 
• whether this works or not, it would not have required "cryptocurrency" unless Venezuela has something to hide (I'm shocked, I'm shocked)