Paging James Comer...Mr. James Comer...Mr. Comer?
Putin & BRICS nations really want to replace the US dollar with the equivalent of fairy gold; cryptocurrency.
The money of organized crime, sanctions evasion, human trafficking, money laundering, & tax fraud.
Wall Street also wants taxpayers & utility payers to subsidize these energy hogs, like oil gets subsidized.
Electricity rates are going up. Obsolete nuclear & coal plants may re-open on the taxpayers dime.
1/3
Donald Trump’s crypto project, World Liberty Financial, was looking like a bust. The president-elect and his sons had been promoting its cryptocurrency for weeks, saying it would “make finance great again,” but the industry largely rejected it. Sales fell 93% short of the goal, so low they failed to hit the minimum required to trigger a payout to Trump.
2/3
https://www.eenews.net/articles/unsolved-mystery-how-much-power-is-crypto-using/
https://qz.com/justin-sun-duct-taped-banana-trump-cryptos-project-1851709327
https://www.theguardian.com/technology/2024/feb/27/crypto-mining-electricity-use
https://sanjosespotlight.com/santa-clara-electricity-rates-are-going-up-silicon-valley-power/
https://earthjustice.org/feature/cryptomining-bitcoin-state-bills-legislation
Crypto is a profligate energy hog:
https://grist.org/technology/bitcoin-mining-uses-a-lot-of-energy-the-us-government-is-about-to-find-out-how-much/
https://www.eia.gov/todayinenergy/detail.php?id=61364
https://www.investopedia.com/crypto-s-climate-impact-6544631
https://www.statista.com/statistics/881522/bitcoin-energy-consumption-relative-to-select-countries/
https://www.nytimes.com/2023/04/09/business/bitcoin-mining-electricity-pollution.html
https://www.cfr.org/backgrounder/crypto-question-bitcoin-digital-dollars-and-future-money
3/3
https://www.nytimes.com/2024/11/06/technology/crypto-industry-spending-election.html
Impoverishing 3rd world trade imbalances are created through such wasteful practices. The geopolitics of immiseration through oil trading.
https://www.investopedia.com/articles/forex/072915/how-petrodollars-affect-us-dollar.asp
https://www.energyintel.com/00000190-83e2-d45a-a195-cff6c0d10000
https://www.statista.com/statistics/284717/united-kingdom-uk-trade-in-oil-by-trade-value/
What is the value of a pension if converted to cryptocurrency? Republican billionaires want to end Social Security
How does a society decarbonize if 30% of its energy use goes to AI & cryptocurrency?
To have Trump elected… didn’t you know?
The last paragraph of Orwell's Animal Farm is the best explanation I've ever found...
@ellestad Kushner got pardoned, because he is soooo nice. Hunter is the devil because son of Democrat. As you can see, there is a biiiiigly difference and why Hunter's pardon is an outrage.
Biden doesn't give a fuck about MAGA hypocrisy.
@ellestad
Thank you for your post.
Certainly a valid question. I believe that Biden's pardon of Hunter "trumps" trump's non-pardon of Kushner.
Peace