Shervin Pishevar tweets about the status of American economy

Shervin Pishevar is a leading entrepreneur in the United States. He is the brains behind the success of the Uber idea. He has supported the growth of many other startups, mainly those brewed in Silicon Valley. Through his initiatives as a business leader, he has learned so much about the American economy that he is in a better position to talk about it than any other person. As a venture capitalist and a leader in business management, he has been exposed to so many conditions affecting the economy that he can tell when the economy is doing well or not.

Shervin Pishevar is not a man who can keep quiet when there is a matter of national interest going on in his area of specialization. At the beginning of the year, he went on Twitter and engaged in a tweet storm that lasted over 21 hours. In the twitter outburst, he said a lot about the American economy and other topics related to finance and economics. He used the platform to talk a lot about his views on the topics. He started by saying that the American economy will perform poorly in the future. He started by pointing out the decline in the stock market. In one of his tweets, he said that he expects the stock market to drop by over 6,000 points. The drop had already started at the time he was tweeting, and all the gains made at the beginning of the year reversed.

Shervin Pishevar says that the financial storm can be seen from the indicators that the economy is already showing. Increase in national debt, interest rates and tax giveaways approved by the Senate are some of the reasons why he can tell the economy is hanging on the balance with a possible decline any time soon. Currently, the US national debt is about $20 trillion.

In another prediction, Shervin Pishevar indicated that bitcoin would suffer losses in 2018. In his prediction, the prices will first go all the way up, but not before there is a decline to the $2-5k level. This is one of the predictions that has turned out very correct. Bitcoin lost massively at the beginning of the year.

Venezuela Releases National Crypto Currency Whitepaper, Set to Launch February 20th with Jordan Lindsey

Earlier this week, Venezuela announced the official release of the whitepaper supporting the Initial Coin Offering (ICO) launch of its oil backed, national crypto currency, the petro.

The 22 page whitepaper, signed by Venezuelan President Maduro, has the crypto currency community praising and noting some anomalies peculiar to this government launched crypto.

100 million petro, will be created, with each petro subdivided into 100 million parts, similar to what digital currency investors already familiar with bitcoin’s refer to as satoshis.

Petro’s micro units will be called the mene, a word that means petroleum in the wayuu dialect widely spoken in Venezuela.

The launch will offer a pre-sale of a little over 38 percent of the petro, which is set to occur beginning February 20th. An additional 44 percent of the petro will be offered the following month and the balance will be held by the country’s Superintendency of Currency and Related Activities. There is a hard cap limit set at $4.9 billion for the ICO, which if reached, will be increased.

The country provides further assurances that the petro will be accepted by the government for fees due, including payment of taxes and other government imposed expenses.

Backed by 5 billion barrels of crude oil, the petro was declared illegal with the Venezuelan National Assembly declaring that the currency could not be backed by the country’s oil reserves.

Maduro maintained his focus, by getting the backing of 10 additional nations, offering them discounts of 60 percent for their early investment commitments.

After the initial public sale, no new petro will be issued, a model slightly different from the way that other crypto currencies generate new coins through a proof of work model. The petro model does allow for a proof of stake, however.

With the exception of the US, Petro will be listed on all major global exchanges.

About Jordan Lindsey

Founder of JCL Capital, Jordan Lindsey, has a strong reputation as an expert in finance and crypto currency technologies.

Lindsey is the creator of the Bitcoin Growth Bot and the tutorial for purchasing the Nucleus, NCL, token in his own upcoming ICO pre-sale.

Jordan Lindsey serves as an advisor for Energia Global, located in the San Francisco bay area.