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A comment on Venezuela devalues the bolivar by 95% and pegs it to ‘oil-linked’ cryptocurrency. Parent comment

Re:Venezuela devalues the bolivar by 95% and pegs it to ‘oil... by meiraleal on Monday August 20, 2018 @02:27PM (#17802470)
> It's funny because 'stability and predictability' alone would yield them the kind of business climate and interest rates they would need to attract investment and they'd be much richer as a result.

Mexico, Brazil, Argentina and Colombia proves that your point is not right.

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Re:Venezuela devalues the bolivar by 95% and pegs it to ‘oil... by sonnyblarney on Monday August 20, 2018 @03:23PM (#17803017)
None of those countries have stable politics and economies, and certainly none of them have vast amounts of Oil Sands that require investment.

If they were like Japan, or Germany, or Sweden - they would get tons of investment.

Canada is the 'other country' that has vast Oil Sands and we get billions invested to extract it. The volatility is only in the market demand side, not the geopolitics side.

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Re:Venezuela devalues the bolivar by 95% and pegs it to ‘oil... by antidesitter on Monday August 20, 2018 @02:52PM (#17802716)
> Mexico, Brazil, Argentina and Colombia proves that your point is not right.

How so?

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