Zero Hedge — The Post-Fiat World Begins: Venezuela's Cryptocurrency A Necessity To Obtain A Passport

This development in Venezuela could be viewed as a very real step away from Fiat currency and a very real step toward a permanent commodity-backed currency.

A crypto currency that is actually a currency in the sense of a zero maturity liability issued by a sovereign nation that is exclusively accepted in exchange for at least some liabilities to the state.

This is quite interesting since the Bolivar remains the unit of account.

Zero Hedge

The Post-Fiat World Begins: Venezuela's Cryptocurrency A Necessity To Obtain A Passport

Tyler Durden

US Navy tests GMO algae-based biofuel

The US Navy and the shipping company Maersk have successfully tested a form of algae-based biofuel, it has been announced.

Read it ar RTCC

US Navy tests genetically modified algal fuel

By RTCC Staff

This is a big deal. The US Navy and large shipping companies use a huge amount of NSFO (Naval Standard/Special Fuel Oil) aka No. 5 fuel. It is a heavy bunker fuel that is significant pollutant.

Shipping fuel is frequently very low grade. In 2009 it was alleged that the world’s 15 largest ships emitted as much pollution in a year as all of the world’s 760 million cars.