‘Billions’ May Be Saved By Tokens Backed With Central Bank Money: BoE Chief


Coin Desk: Bank of England governor Mark Carney said that distributed ledger tech (DLT) projects have the potential to “unlock billions of pounds in capital and liquidity” — and that they might one day see closer cooperation with the central bank itself.

“In wholesale markets, consortia of broker dealers are working to develop settlement systems using distributed ledger technology that could overhaul how markets operate. These consortia, such as [Utility Settlement Coin], propose to issue digital tokens that are fully backed by central bank money, allowing instant settlement. This could also plug into ‘tokenised assets’ – conventional securities also represented on blockchain—and smart contracts. This can drive efficiency and resilience in operational processes and reduce counterparty risks in the system, unlocking billions of pounds in capital and liquidity that can be put to more productive uses.”

On their face, the comments offer a hint — however brief — that companies using DLT might one day be able to tap directly into the Bank of England’s services. more …

Opinion: The Bank of England, the equivalent of the Federal Reserve (US), European Central Bank (ECB) and Bank of Japan (BOJ), confirms that Bitcoin and related cryptocurrencies are getting the attention of central bankers.

From our post December 1, 2018: “It doesn’t take a financial wizard to conclude that the explosion of an unregulated currency would sooner or later get the attention of the IRS and central bankers, but it is important to keep the main thing, the main thing: Digital currency lines up perfectly with Revelation 13:16-17

He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.”

If we back up to Revelation 6:1-8, we are introduced to the 4 Horsemen of the Apocalypse:

  • White Horse: False Christ
  • Red Horse: War and rumors of war
  • Black Horse: Financial collapse
  • Pale Horse: Death from wild animals and disease

It is the Black Horse disrupting the global economy that will play a big role in Satan’s plans for global worship and control. Take a mark on your right hand or forehead or you and your family will starve to death.

Here is the clincher: take the mark and lose salvation:

“If anyone worships the beast and his image, and receives his mark on his forehead or on his hand, he himself shall also drink of the wine of the wrath of God” Revelation 14:9.