Posted on 02/28/2022 3:24:23 AM PST by Hostage
President Joe Biden is expected to issue an executive order this week that would direct government agencies to develop a strategy to regulate digital assets.
It was reported in January that the Biden administration was preparing an executive order to study cryptocurrencies with the aim of developing a government-wide framework to regulate digital assets. The executive order would also mandate government agencies investigate the possibility of launching a central bank digital currency (CBDC) issued by the US Federal Reserve.
The move comes as it is unlikely that Congress will put in place any legislation to standardize rules for crypto. The directive will not involve any immediate direct action but will task agencies to report back after they have investigated risks associated with crypto assets including their financial stability and impact on the environment.
(Excerpt) Read more at en.as.com ...
But pay attention here:
Keep in mind that the purchasing power of $1.00 in 1913 (the Federal Reserve System was established) is now about 3 1/2 cents. Central planning and control always leads to catastrophe because it is always corrupted by greed, incompetence, and a lust for power. Human nature never changes.
Is Crypto Superman’s dog’s name ?
"I don't like you crypto types "
She looks like she's past her expiration date.
ECB’s Lagarde Urges Immediate Crypto Regulation To Stop Putin Evading Sanctions
https://redstatetalkradio.com/ecbs-lagarde-urges-immediate-crypto-regulation-to-stop-putin-evading-sanctions
She's probably thinking, "We need a good war to show these crypto punks who's boss."
Will BRIC still be tied to the petro dollar after this all shakes out?
Ah, no. The Bidenists and SJW types are not referring to oil when they say that cryptocurrencies and blockchain systems are “bad for the environment.” They don’t think that far ahead.
They are literally complaining about the increased electricity consumption of computers/servers that are dealing with crypto and blockchain - those require much greater CPU activity than normal.
However, it’s not a significant problem in reality - not compared to their desire to overload the grid with electric cars.
No, it's Krypto. Like Kryptonite.
If America follows the Trump plan as described at the end of #1 above, then we don’t need the Petro-Dollar.
Read their own claims here:
https://www.pcmag.com/how-to/what-is-the-environmental-impact-of-cryptocurrency
https://www.newyorker.com/news/daily-comment/why-bitcoin-is-bad-for-the-environment
They are literally freaking out about electrical consumption, where most people using cryptocurrencies will *never* make their power draws the media is predicting.
You might be off.
It’s not power, it’s bandwidth.
Consider Musk’s Starlink with 100 x the bandwidth of AT&T, Verizon.
And Musk’s Starlink is ready to go now, but in North America, it’s been banned to rural backwaters.
But he can turn it on from his satellite network with practically a flip of a switch.
Elon Musk activates Starlink in Ukraine after vice prime minister’s plea
https://nypost.com/2022/02/27/elon-musk-activates-starlink-in-ukraine
There, fixed it.
The media is owned by CCP and Blackrock backed fronts, and is fed scripts prepared by Manhatten based PR firms that form the Mockingbird Media.
For example, storylines are intensely generated by PR writers and released to syndicated news outlets at 4:30 am ET every day.
And they are always accurate, aren’t they?
> “However, it’s not a significant problem in reality - not compared to their desire to overload the grid with electric cars.”
You got that right.
> “The executive order would also mandate government agencies investigate the possibility of launching a central bank digital currency (CBDC) issued by the US Federal Reserve.”
Beware the CBDC will be able to throttle us, turn us off and on, by controlling whether and what we may buy and sell.
End times?
The stupid “mining” of Bitcoin alone takes a large amount of energy to run the computers cranking away. That’s what they’re referring to, I presume.
Yep. Just the lithium mining alone is appalling.
> “Ah, no. The Bidenists and SJW types are not referring to oil when they say that cryptocurrencies and blockchain systems are “bad for the environment.” They don’t think that far ahead.”
Oil = Petro-Dollar
Petro-Dollar = Oil
To Biden and globalist cabal, “environment” is codespeak for Oil = Petro-Dollar.
Crypto threatens Petro-Dollar.
As Obarfo would say, “Easy - Peasy”
> “The stupid “mining” of Bitcoin alone takes a large amount of energy to run the computers cranking away.”
They’re making mountains out of mole hills. They’re sensationalizing it.
FEAR! FEAR! FEAR! OMG! CRYPTO GONNA CAUSE BLACKOUTS!
Meanwhile, Spktyr in #6 above points out their hypocrisy.
They’ve been letting out the crypto line for a long time, in part to pave the way for their CBDC. Now they are starting to reel it in. Many have been duped by the long con.
The environmental issue with bitcoin is that:
- anyone can create a new bitcoin by doing a complex calculation, and
- the complexity of the calculation increases with each new bitcoin created.
This limits the number of bitcoins by making it uneconomical to spend more energy on the calculation than the next bitcoin is worth. Currently you need a specialized computer system and a source of cheap electricity to make it economical to compute new bitcoins.
This is similar to the situation with gold, where obtaining a new ounce of gold requires a very expensive mine and a lot of energy to extract the gold from tons and tons of rock.
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