Venezuelan Opposition Party Accuses Goldman of ‘Aiding and Abetting’ Dictatorial Regime
ibankcoin.com / Dr. Fly / May 29, 2017
Business as usual for the players at Goldman. Venezuela’s opposition party is accusing Goldman of ‘aiding and abetting’ the murderous dictatorial regime via the purchase of state oil backed bonds. I suppose the opposition party would like Goldman, and other bankers, to apply an ethical code to their investments. This is naive thinking, especially in a world filled with murderous regimes.
The Wall Street Journal reported yesterday that Goldman had purchased $2.8b worth of bonds for 31 cents on the dollar (~$865m) for state oil company PDVSA, maturing in 2022.
Source: Reuters
“Goldman Sachs’ financial lifeline to the regime will serve to strengthen the brutal repression unleashed against the hundreds of thousands of Venezuelans peacefully protesting for political change in the country,” wrote Julio Borges in a letter to Goldman Sachs President Lloyd Blankfein.
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Bitso, a cryptocurrency exchange in Mexico, has continues its campaign to aid the victims of the recent earthquake in Mexico.
A few days ago, Bitso their support for the Mexican people who were affected by the recent earthquake. The cryptocurrency exchange has enabled donation wallets that can be used by the company’s clients to send aid using different digital currencies, such as bitcoin, ether and ripple. According to Bitso, cryptocurrency donations are a quick and efficient way to help the victims since the assets are easy to transfer.
Unfortunately, some people have lost their homes, their belongings, and sadly even the lives of their loved ones. We are hoping this aid will help them return to their daily activities as soon as possible.
Thousands of homes were destroyed and across the country as a result of an earthquake that struck just before midnight on September 7. It reached a magnitude of 8.2 on the Richter scale.
The donation details can be found on the cryptocurrency exchange’s blog:
“Join this campaign and help the efforts made by the RED CROSS in Mexico by using the hashtag #BitcoinAidMexico and make a donation to one of the following accounts: bitcoin (BTC) 1DaHfXsoPfZ2jznJhB62vR3QEVFhhZ2tMR Ethereum (ETH) 0x88B6021aE4BB9830f2E9D5BB38B83427b9D7ffEc Ripple (XRP) rEFMdiTbLmZq5ZiMGrWGoyP48DMFqXjNkM [No Destination Tag required]”
The thus far has been able to set up collection and relief centers in several areas affected by the earthquake, especially in the southern states of Oaxaca and Chiapas, benefiting around 24,000 people.
Due to the transparency, traceability and real-time reporting of the technology, donations can be easily tracked by users at any time. The total amount Bitso has raised will be exchanged later for Mexican Pesos (MXN) at market rates. Bitso wrote:
“The equivalent amount in Mexican Pesos will be transferred using a local bank wire to Cruz Roja I.A.P. (RED CROSS Mexico) to the bank account CLABE 012180004040404062. This CLABE number can be validated on their website https://www.cruzrojamexicana.org.mx or on their twitter account: ”
The deadline for sending the funds is September 15; however, Bitso added that if they still receive funds later, the company will exchange those donations between September 15 and 22, and wire them to the Mexican Red Cross.
Bitso highlighted that there is no minimum amount for donations and that they will accept all transactions. The company wrote that the fundraising started with them donating MXN $50,000, which will be added to the total amount of donations.
The amount the company has raised and the transaction proof will be publicly displayed for total transparency.
Bitso emphasized that although the Mexican Red Cross will ultimately receive the funds, user contributions cannot be used as tax deductions.
“Important: BITSO will not make any user contributions tax deductible. Mexican Pesos will be transferred on behalf of third parties according to Mexican law LISR artículo 35, and the following TIN XAXX010101000 will be used in order to generate the corresponding payment as ‘General Public Invoice.’”
Business as usual for the players at Goldman. Venezuela’s opposition party is accusing Goldman of ‘aiding and abetting’ the murderous dictatorial regime via the purchase of state oil backed bonds. I suppose the opposition party would like Goldman, and other bankers, to apply an ethical code to their investments. This is naive thinking, especially in a world filled with murderous regimes.
