DON'T BUY BITCOIN - Senator Exposed

A congress senator was exposed for being paid by special interest groups to vote against Bitcoin
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It is no secret that our government does not like Bitcoin. They don’t like Bitcoin because it challenges the idea that money should only be controlled by central banks and governments. So in today’s videos I want to talk about an example of that about a US Senator who has wanted to ban Bitcoin and who was also exposed for being paid by special interest groups which are in direct competition with Bitcoin.

WHO IS THE SENATOR?
Senator Brad Sherman - a democratic Senator from California who’s been trying to ban Bitcoin since as early as 2019 when he wanted to ban buying or mining all cryptocurrencies in the US.

WHY DOESN'T HE LIKE BITCOIN?
He says if Bitcoin becomes a world reserve currency, the US would lose the power of the petro dollar.

WHAT IS A PETRO DOLLAR?
The Petro dollar gave the US insane amounts of global power because of oil. Think about it, how does one measure the value of oil? Before the dollar, gold was used to measure the value of oil and every country in the world needed and still needs to buy oil. But in 1971 we came off the gold standard and the US made a deal with the oil producing countries that we would protect them in exchange for buying their oil - exclusively for dollars and here’s what that did.

This means the US could buy of oil for essentially free because we have the Federal Reserve, we can print dollars because we’re the country that owns the printing press. Other countries can’t print dollars. Now that oil can only be exclusively bought with dollars - that means the rest of the world is forced to buy dollars to buy the oil they need, that’s the petro dollar and that’s what gives the US an incredible amount of power and influence.

HOW DOES THAT AFFECT US?
Because the moment Bitcoin becomes a world reserve currency and starts to represent commodities like oil, our government believes that’s the moment the dollar could lose that link and that there would be a very big shift in the power structure of the world.

IS THERE ANOTHER REASON HE DOESN'T LIKE BITCOIN?
Technically - yes. His donors are in direct competition with Bitcoin as a payment system and a currency. If you look opensecrets.org/members-of-congress/brad-sherman - you'll find his top 100 campaign donors what contributed to his cause. Here just some of them:

American Bankers Association, Bank of America, Independent Bankers Community of America, Morgan Stanley Bank, UBS which is the biggest bank in Switzerland, Blackrock, etc.

He made a grand total of $455,487. That sounds like a lot of money, and it is (to one person) but Politicians are cheap because most of these amounts range anywhere from $5,000 to $10,000 which is peanuts in comparison to how much these multi billion dollar companies make. This is lobbying - and it's perfectly legal.

I wanted to make this video to hold our senators accountable because ultimately we the people elect our politicians into office to represent our best interest. Big corporations and "special interest" often times pay our politicians to represent them instead and we should know when it happens.

*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.