Britain Ponders Introducing Digital Pound

Worthy News:

The Bank of England (BoE) is working on the introduction of “a digital pound,” a central bank digital currency (CBDC) that critics say will allow for the meticulous recording and monitoring of transactions.

However, BoE Governor Andrew Bailey stressed in comments monitored by Worthy News on Monday that his financial institution is “reluctantly” preparing to create a form of digital money accessible to the general public.

Bailey added that the move is necessary as commercial banks “risk failing” to keep up with less-regulated tech firms.

The BoE and Britain’s finance ministry said they will not decide before 2025 at the earliest whether to introduce the state-backed digital pound, also known as CBDC, to the public amid broad privacy concerns. “That (CBDC) is not my preferred option, but it’s one we can’t rule out,” Bailey recently told the Group of Thirty in Washington, a forum for central banks and commercial bankers.

Bailey does not want day-to-day payments or banking-type services to shift to cryptocurrencies or services from tech companies that he claims are “less safe or private” than banks.

Britain’s leftist Labour-led government says a digital pound would “be private but not anonymous,” unlike physical cash.

As with existing bank accounts and credit card payments, authorities would be able to track transactions if they “suspect” they may be involved in money laundering or finance terrorism. Read More…

Opinion: See? No big deal. The digital pound will still be private – just not anonymous.

Imagine with me for a moment that you are a high-ranking secular government official charged with implementing this new form of money. How would you go about it?

• 1st – it is important to emphasize that the public will see little or minimal threat to privacy.
• 2nd – it is also important to reassure the public that even if implemented a digital pound will not be ready for years.
• 3rd –  it is imperative to keep the emphasis on curbing criminal activity and how that would economically and socially benefit every citizen.
• 4th – it is also imperative to highlight the convenience of the central bank in eliminating the need for income tax preparation as payments will be automatically deducted.
• 5th – It is critical to emphasize that since the global economy has embraced bitcoin and literally thousands of crypto coins, the CBDC will eliminate the need for choosing among them.

A shadow of things (economics) to come.

Rapture:

“For the Lord Himself will descend from heaven with a shout, with the voice of an archangel, and with the trumpet of God. And the dead in Christ will rise first. ¹⁷ Then we who are alive and remain shall be caught up together with them in the clouds to meet the Lord in the air. And thus we shall always be with the Lord.” 1 Thess. 4:16-17

Hyperinflation:

“When He opened the third seal, I heard the third living creature say, “Come and see.” So I looked, and behold, a black horse, and he who sat on it had a pair of scales And I heard a voice in the midst of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not harm the oil and the wine.” Revelation 6:5

Control:

“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, ¹⁷ 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.” Revelation 13;16-17

Collapse:

“And the merchants of the earth will weep and mourn over her,  for no one buys their merchandise anymore” Revelation 18:11.

See our paper “The 1% and Revelation: Do not Harm the oil and Wine” HERE