It comes as no surprise to conservatives when liberals claim something bazaar is to blame for whatever their pet peeve is. First and foremost we all seem to have just absorbed the switch from “global warming” to “global climate change” when it suddenly became freezing cold. But what do you expect from people who get their science from the same politician who invented the internet (honest, how did he have the time?).
In the newest twist of the “global climate change” roller coaster, apparently, cryptocurrency is the new villain in the story of what brings the end of the world, at least according to Sen. Elizabeth Warren (D-MA).
The failed presidential candidate pushed her fellow lawmakers to make sure that the growing cryptocurrency sector was put into its place for its role in worsening the “climate change” crisis. No really, she told federal politicians on Wednesday that they needed to acknowledge what the virtual currency was doing to the world we live in.
While addressing the Senate Banking Subcommittee Warren, who has time and again positioned herself as a “consumer advocate” proceeded to advocate against what consumers have said they wanted and played right into the hands of big Wall Street Banks, who she claims to stand against, suggesting that cryptocurrency is responsible for a whole plethora of ills, including (but not limited to) the increase in international crime to a spike in carbon emissions.
To be clear; the woman who claims to stand against big banks is now standing against the system formulated to work outside those banks. It’s almost like watching the liberal narcissism playbook laid out in the misdirection of a politician supporting the very thing they claim to be pushing back against. There seems to be a pattern where a Washington insider claims to be against some institution in order to justify thinking and talking about it incessantly because they’re thoroughly obsessed.
“Cryptocurrency has created opportunities to scam investors, assist criminals, and worsen the climate crisis,” Warren said in the hearing. “The threats posed by crypto show that Congress and federal regulators can’t continue to hide out, hoping that crypto will go away. It won’t. It’s time to confront these issues head-on.”
The Mass Democrat went so far as to suggest on her social media that “one of the easiest and least disruptive things” federal legislators can do to curb the “climate crisis” is to take action against “environmentally wasteful” cryptocurrencies.
“Bitcoin requires so much computing activity that it eats up more energy than entire countries. One of the easiest and least disruptive things we can do to fight the #ClimateCrisis is to crack down on environmentally wasteful cryptocurrencies,” Warren tweeted, pushing for her plan to view Bitcoin as more damaging to the environment than the traditional banking system. She also didn’t offer real proof that it was requiring more computing energy than other countries.
She made a similar statement when speaking to Yahoo Finance, telling an editor there that “with bitcoin, and with the other cryptocurrencies, I think there’s a real issue about the environmental impact as well, this whole notion of how much energy is consumed just to keep the currency tracking going.”
“You don’t consume that kind of energy, in order to have money on deposit at a bank or a mutual fund,” Warren continued. “In that sense, bitcoin is very different, and in the 21st century, we’re becoming a lot more sensitive to the worldwide impacts of the choices we make.”
But of course, the “consumer advocate” again has an answer that is nothing a consumer would ever want: a Federal Reserve-backed “digital dollar” that would (get this) assist the low-income with their banking.
Sen. Pat Toomey (R-PA), spoke directly for more Republicans when he told Warren flat-out that “we don’t need a state-sponsored bank interfering with this successful free-enterprise system.”