More advanced than you think. Years in the making actually. Within the last couple of days UK media have all been singing from the same hymn sheet in covering the “Digital Pound”. BBC, Sky, Daily Mail, FT, Reuters etc all occupy the first page of Google.
There couldn’t possibly be any collusion, could there? Big Tech and the MSM all work hand in hand. There does however seem to be one slight anomaly. The site listed at number 2 is called “The Digital Pound Foundation”
As a rule of thumb sites that rank on the first page of Google are there for a reason. They just don’t show up by chance. Let’s look at the Digital Pound Foundation and see if they give us any clues as to where we are headed. The Bank of England believes that the UK will create a CBDC by 2030. Isn’t it interesting that the Digital Pound Foundation was incorporated in June 2021, 18 months prior to the Digital Pound going mainstream? This has been planned for years.
A few months later in October 2021 Boris Johnson entertained 8 bankers at 10 Downing Street. In all likelihood CBDC’s and Digital Bank Currencies were discussed. Why would he invite so many bankers otherwise? That same evening there was also a ‘B’ list dinner hosted by Rishi Sunak for business leaders who failed to make the cut to 10 Downing Street. The topic was digital currencies. The very same Rishi Sunak who was always meant to lead the country.
To mark the launch of the @G7's new report on Central Bank Digital Currencies, the Chancellor @RishiSunak explains what CBDCs are and how they could benefit businesses and consumers.https://t.co/NfUDjtHtRn pic.twitter.com/HOmLKJ8OYx
— HM Treasury (@hmtreasury) October 14, 2021
But back to the Digital Pound Foundation. They claim they are “an independent forum supporting the implementation of a well-designed digital pound” as well as saying they are “contributing to its successful roll-out and helping drive forward the UK’s transition to a digital economy”
It seems like the transition to a digital economy is a “fait accompli” in their eyes. It is being sold to people as being a collaboration between the public and private sectors when in actual fact it is nothing of the kind. It’s a smart idea in the sense that they allegedly involve the public. When in the history of time has the public had the ultimate say when governments are adamant about rolling out something? Especially something as significant as the digital pound.
Jeremy Wilson, the chairman of Digital Pound Foundation in his introductory video on the home page had some interesting things to say such as:
“The world has become a global laboratory, trying to understand the ramifications of this fast growing phenomenon. Governments and private enterprises are developing something that will serve humankind better than any past or current form of money. This new form of money is only possible because technology is transforming all the interactions between human beings, which themselves need money and money must therefore adapt to serve those interactions. The ramifications of this will affect every one of us. It is unlikely that we will see a global version of this form of money until we have a form of global government so nation states, regional governments and private enterprises are also working on their own versions.”
The global government. I think we may have come across this terminology before. And who is chairman Jeremy Wilson? He is a former VP of Barclays (WEF). In 2016 the WEF wrote a 130 page report entitled “The Future Of Financial Infrastructure”. Wilson is thanked in the document for his contribution to it.
What about some of the other board members of Digital Pound Foundation?
Susan Friedman is from Ripple (WEF). Ripple is not just a WEF member, but also became an official partner in 2022. As far back as 2015 Ripple was awarded a Technology Pioneer award from WEF.
Next up is Gilbert Verdian who is the Founder and CEO of Quant. Also on the board of Quant is Guy Dietrich, MD of Rockefeller Capital. The Rockefellers are very skilled at looking after their own interests.
Digital Pound Foundation seems to have recruited some heavy-hitting members within a short period of time.
Law firm Clifford Chance and global professional services company Accenture are also members. Both are members of the WEF, and Accenture works frequently with the WEF.
In 2018 they published a white paper called “Digital Transformation Initiative. Maximizing the Return on Digital Investments. A System Initiative on Shaping the Future of the Digital Economy and Society“
Avalanche, another Digital Pound Foundation member is also part of the WEF’s “New Crypto Sustainability Coalition to Investigate Potential of Web3 Technologies in Fighting Climate Change”
In written evidence submitted by Digital Pound Foundation to the UK government they say “The introduction of new forms of digital money – whether public or private in form – is irreversible” Yet again, they think it’s a done deal as it’s irreversible.
“The introduction of new forms of digital money – whether public or private in form – is irreversible. And, given that money touches everyone and everything, its implications are enormous. A global race has therefore developed between private and public protagonists – the issuers of these new forms of digital money. The ability to maintain the stability, safety, and security of financial markets and access to money and payments infrastructure is therefore of profound social and political significance for all central banks and governments. These new forms of digital money create opportunities for radical transformation of the ways in which business is done, value is exchanged, and services are provided and received. They also give rise to risks and challenges, which must be recognised and addressed.”
But to get a truly accurate picture of what the digital pound / currency will entail we only have to listen to what Agustin Carstens (WEF) had to say back in 2020. It is 100% about control.
DIGITAL CURRENCY – Bank of International Settlements, Augustin Carstens.
Where cash is anonymous CBDCs will be linked to individuals & controlled by authorities. Access to your capital dependent on your behaviour.
All roads lead here.
— Bernie's Tweets (@BernieSpofforth) August 25, 2022
He said: “For example in cash, we don’t know for example who is using a $100 dollar bill today or who is using a 1,000 peso bill. The key difference with the CBDC is that the central bank will have absolute control over the rules and regulations that will determine the use of that expression of central bank liability and also we will have the technology to enforce that.”
If that doesn’t frighten you nothing will. By central bank liability they are talking about your money. This is about absolute control of every transaction a person makes. What Carstens is saying is they can’t track people if they use cash hence the move to a Digital Currency.