Posted on 11/19/2024 9:22:46 AM PST by delta7
The elite gathered at the UN’s COP29 in Azerbaijan to discuss how to extort the people to fund their climate change agenda. Numerous nations believe that cryptocurrencies and plastics must be levied from developed nations who are deemed the highest polluting economies.
The “expert’s” assumption is that $5.2 billion could be generated by taxing cryptocurrencies due to “the high energy demand of crypto mining,” that releases those dreaded emissions. A separate report stated that a crypto tax could rake in tens of billions per year – hence why I call crypto a bureaucrat’s dream as they can easily track where funds are coming and going.
The Global Solidarity Leviestask force launched in November of last year at COP28 with the primary goal of forcing the world to implement levies to fight climate change. The task force is co-chaired by Kenya, Barbados, and France presently.
The European Commission is on board, as is the United Nations, World Bank, OECD, G20, African Union, Coalition of Finance Ministers, and the International Monetary Fund. They are exploring widespread taxation on aviation, fossil fuels, plastics, cryptocurrencies, maritime shipping, and now cryptos. Concrete proposals will be launched in November 2025.
Climate Change Tree
They believe that hundreds of billions in additional taxes should be redistributed to poor nations who are disproportionately affected by climate change. How will they change the naturally occurring cycle of nature? They have no idea but they know they need your money to do so.
I recently reported how the World Bank cannot account for $41 BILLION in funds designated for climate change. Oxfam had to blow the whistle after conducting a private audit. The World Bank controls 52% of the total flow of climate funding from all multilateral banks combined. This is outright fraud. That amount could not possibly go “missing” due to an oversight or miscalculation.
Similar to these proxy wars, absolutely no one knows where or how these funds are being spent. Yet, it is our responsibility to fund these initiatives when it is becoming increasingly clear that the entire climate agenda is a SCAM.
They are coming for everything they perceive produces emissions. Could agriculture be next? Will we have a set allotment of breaths we may take per day? The climate scheme will continue to spread so long as governments see they are able to extort the people with no repercussions.
The Chinese have made solar panels dirt cheap and even ‘poor’ nations can afford them.
These ‘poor’ nations are blessed with an abundance of sunshine that ‘rich’ nations like the UK and Germany and ‘rich’ areas like the Northeastern US lack.
They do this with the vast majority of people under the impression that the vast majority of coinage is mined using lots of electricty; nothing is further from the truth. Etherum stopped about mining two years ago. BTC is the most famous crypto currency (most are issued in lieu of stocks), and it is intensive in it’s need for power to mine.
Have we ever met socialists that were not on board for taxiation of anything. I’m surprised they haven’t found a way to limit oxygen use or tax your breathing. They have already come after the farms and water in their 2030 planning.
Trump will short circuit the UN and NATO and force them to move to the center from the left, or be left without the massive funding they desire from the US.
Bitcoin is the only one currently classified in the US as an asset and it taxed in similar fashion to gold or silver.
The vast majority of crypto currencies or coins simply serve the same purpose as does stock; it is issued and sold to fund a tech companies operations.
I believe that many of these current coins would be converted into stocks if this type of taxiation is enacted, thereby essentially ending the dreams of the globalists scum.
Dear Mr. Bitcoin Lover:
You used Bitcoin to purchase something recently.
Please report to the IRS office on Tuesday the 26th with all your crypto passwords.
IRS Agent Fleecum
‘Poor’ nations will be bathed in golden sunshine long after all existing British, German and Danish wind turbines are junked.
Most crypto mining operations use either renewable energy ( mostly hydro) or they operate during hours when the generated energy goes wasted (again, hydro).
The whole premise that it’s a huge energy monster was true 5 years ago. No so much now. They should look at the big AI data centers being built—how are they going to tax them.
Armstrong needs to get better researchers.
I was audited over crypto in 2017. The audit was finalized in 2023. I owed $1,200.
The interesting thing was that at the outset, the IRS agents didn’t know their ass from their elbows. I liked my auditor and i spent hours educating her on how stuff worked and how they were “getting it wrong.”
By the time my audit ended, they had gotten much sharper and understood the technology and the culture a lot better.
Trust me, you do not want to have a crypto audit today. I hold a bunch, and I trade maybe twice a year. The good news is that I have an IRS approved cost basis!
I bet a crypto mining farm doesn’t consume nearly as much energy as the energy needed to get all the private jets to the climate talks.
Stupid me. Why does anything have to be mined to produce crypto?
As is true with a lot of things these days, words have been taken over and reworked to mean other things. The mining is more like “data mining” than coal mining.
Looks to me like it would be a big stretch for data mining to consume anywhere near the amount of power that coal mining does. I know, at nearly 82, I’m a bit old fashioned.
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Isn’t the attraction of crypto being invisible to the government?
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