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Ecuador’s Phony Bitcoin Ploy – Wall Street Journal

Few economic injustices are more villainous than stealing from the poor. Yet this is what a government does when it devalues its currency. Pope Francis has stressed the Christian obligation to share with the least of our brothers. Devaluation actually takes from them what they have earned themselves. And while the inflation tax that follows hits everybody, it wallops the low-income population the hardest. Read more >>

Rather than refute a recent investigative report by the Washington Times with facts, Amazon Watch continues to advance conspiracy theories, recycle falsehoods and repeat its long-discredited rhetoric. But none of it will rehabilitate the California-based activist group that continues to promote the fraudulent Ecuadorian lawsuit against Chevron.

Few economic injustices are more villainous than stealing from the poor. Yet this is what a government does when it devalues its currency. Pope Francis has stressed the Christian obligation to share with the least of our brothers. Devaluation actually takes from them what they have earned themselves. And while the inflation tax that follows hits everybody, it wallops the low-income population the hardest.

Read more >>

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