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November 17, 2024 | Taxing Crypto to Fund Climate Change
Martin Armstrong
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.
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.
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Martin Armstrong November 17th, 2024
Posted In: Armstrong Economics