A small news report by Bloomberg earlier this week and published on MSN Money went mostly unnoticed in the corporate media, and even in the alternative media, and yet it might have been the most significant news story so far this year.
Jill Ward from Bloomberg wrote:
The Bank of England is reviewing whether it should create a central bank-backed digital currency, according to governor Andrew Bailey.
“We are looking at the question of, should we create a Bank of England digital currency,” Bailey said Monday in a webinar event with students. “We’ll go on looking at it, as it does have huge implications on the nature of payments and society. I think in a few years time, we will be heading toward some sort of digital currency,” he added.
The BOE is part of a group of major central banks teaming up to assess potentially developing their own digital currencies, acknowledging their role is being challenged by new technologies and private sector initiatives such as Facebook Inc.’s Libra.
It could be some time before the U.K. central bank is able to fully devote its attention to such a development, however.
“The digital currency issue will be a very big issue,” Bailey said. “I hope it is, because that means Covid will be behind us.” (Source)
COVID, of course, will probably never be “behind us,” as we are seeing today that it is being used as an excuse to destroy jobs and small businesses and complete the transfer of wealth from the middle classes to the Globalists.
It is working so well for them, why would they stop now?
So we should be very skeptical of governor Andrew Bailey’s statement that a Bank of England digital currency is still “a few years” away.
The “big deal” is that all of the digital transactions that you use today to pay for goods and services, still draw upon financial resources represented by the currency you hold in your own bank account, and you have relative freedom to choose how, when, and where you are going to spend your money.
In other words, today you still have choices. You still have some freedoms.
If you don’t like the interest rates your credit card charges you, for example, you can choose to move to a different credit card company. If you don’t like the way your bank is treating you, you can choose to hold your accounts in a different bank that offers better rates, fewer fees, etc.
And if you don’t have good credit and do not qualify for a credit card, you can still participate in the marketplace with cash. You can also issue checks to someone to move your cash around should you so choose to do so without using digital payments.
And if you don’t like the fact that your local store now requires you to wear a mask to shop there? Not a huge problem, as most likely everything they sell you can order online in the comfort of your home and have it delivered to you anyway.
You still have choices.
But if the Central Bankers get their way and replace all cash and currencies with a single digital currency, you could lose ALL of these choices, and personal privacy will be almost completely gone.
Do you think that once a mandatory COVID vaccine comes out, that you can just decide not to participate?
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