Bank of England | Digital Pound Consultation | Deadline this Friday (Tomorrow)
CBDCs are a dangerous China-style social credit system peddled by corrupt politicians in blatant violation of the democratic will of the people. The vast majority firmly reject them; push back >>
This Friday 30 June is the deadline to respond to the Bank of England’s consultation paper on the Digital Pound.
There are some useful pre-written statements around that you can send into the consultation, including this one from the Together campaign who’ve been doing a great job on this and many other topics.
I did a show on Sunday about CBDCs and the risks they present. (TL/DW they are the bedrock of a social credit system that is completely at odds with Western civilization. Can’t have it, won’t have it.)
I’ve also put a bunch of links to useful articles at the bottom of this email.
I’m still thinking about how to respond, but having properly read the consultation paper over the past couple of days, my main concerns are these:
Public-private partnership = Fascist
“Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power.” Benito Mussolini, Inventor of Fascism
And what’s the first point they want to land about their model for the digital pound?
That it’s a Public-private (state-corporate) partnership:
Right in your face.
A state-controlled monopoly platform enabling an exclusive marketplace of highly remunerated private sector Payment Interface Providers, aka the banks:
This model is similar to the market being constructed in the health system, as set out in the Life Sciences Vision I discussed with UK Column last week. Simply replace the Bank with the NHS and the Banks (plural) with Big Pharma et al and you’re off to the races.
Same grift, different government department.
I don’t trust the authors
Jeremy Hunt launched Genomics England which I view as a crime against humanity. As Health Secretary, he will have known about the appalling state of the Tavistock, but did nothing about it. He was top brass through the pandemic and everything that goes with that. And he is now, as Chancellor, personally leading the campaign to build a piece of fundamental technology with no obvious benefits, other than giving UK Government the ability to establish a digital slave state.
Andrew Bailey is a Central Banker. I have zero trust for anyone willing to participate at that level in the Central Banking system. More on that another time. Predictably, he blames other factors for inflation when he is a primary cause. His top advisers think people should simply “accept being worse off”.
It’s also worth noting The Bank and The Treasury have abandoned all pretence of independence by co-signing the document:
They’ve already decided to do it
Although the consultation is positioned as just that (i.e. a consultation) it seems clear the decision has already been made to proceed with a CBDC:
The plans outlined include a Build phase starting in 2025.
The language is heavily geared towards implementation e.g. constant references to the ‘likely need’ for a digital pound.
The market has already been largely designed and well over half of the consultation paper provides detailed explanations of how it works.
I’ve personally been in two meetings with global leaders in payments and retail banking over the past 6 months where they’ve talked about CBDC as an inevitability, and are making long-term plans based around its introduction. Starting, interestingly, in Ukraine.
It is a necessary component of the global digital control grid envisaged by Klaus Schwab et al as part of the Great Reset.
On that final point, I should note the strong rumours I’ve heard of major international CBDC-related corruption involving ECB, BIS, FSB, IMF & WEF board members receiving huge kick-backs for directing CBDC projects to their corporate accomplices. Including, as I understand it, some of the firms I wrote to last week.
Mucky as hell.
Safe to say, I’m not a fan and will be responding to the consultation to that effect.
We neither want nor need a Central Bank Digital Currency.
They are an inherently dangerous CCP-style social credit system that is a direct attack on democracy and Western values, and have already been banned in many American states.
The fundamental specification of the technology means they are hard-rejected by anyone who thinks about the issue for more than 30 seconds.
Keep spreading the word.
Vertias omnia vincit.
Rubin
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Additional reading:
Central Bank Digital Currencies and Freedom are Incompatible, Cato Institute
74% of Americans oppose a CBDC if the government could control what they buy, Cato Institute
CBDCs are bigger than politics, Forbes
CBDCs are a very bad idea, Hackernoon
Crypto community ‘No one wants this’, Cointelegraph
Why the rise of CBDC is bad for your privacy, Bitcoin.com
Slovakia adds cash rule to constitution, Cointelegraph
CBDCs will be one of the greatest violations of human rights in history, The Pomp Letter
Why CBDCs shouldn’t be adopted, Cato Institute
Consultation? Wow, now isn't that a nice word that, in reality means "we are going to shove this shit down your throat" (weather you like it or not). I mean; "what are plandemic's for"? Our governments must think we are completely void of any thinking capability. We have known (some of us) all along that the reason for one (C-19) will be the need for the other (CBDC's). All of the attempts world-wide are what we are witnessing may likely be the real cause for uprisings; we are starting to close in on tipping point. With more and more people being awake, expected or not, why on earth should we consider trusting these same people with CBDC's whom have managed our monetary system in the past? After all, they did such a great job of lying during the past 3 years, let's give them this ultimate power moving forward? What we are about to witness world-wide is the real "Crossing the Rubicon".
PD