- The Bank of England is set to introduce the digital pound, a central bank digital currency (CBDC) that will allow for the meticulous recording and monitoring of transactions.
- The UK government’s National Payments Vision publication signifies a significant step towards a financial system with increased surveillance and control.
- The Bank of England’s claims of “privacy, not anonymity” are questionable due to the massive data collection that will be enabled by the digital pound.
- The implementation of privacy-enhancing technologies like pseudonymization and zero-knowledge proofs may provide some security, but these measures are still fraught with risks.
- The UK government’s intention to continue the design phase for the digital pound reflects a deliberate move towards a society where independent financial transactions are increasingly monitored and restricted.
- The push for a digital pound represents a threat to financial freedom and personal privacy, establishing control over citizens’ financial lives and moving towards a dystopian future where financial independence becomes a relic of the past.
(Natural News)—As life in the United Kingdom descends to the kind of oligarchical tyranny that once marred its landscape, the Bank of England is set to roll out the digital pound, a central bank digital currency (CBDC) that promises to be the ultimate surveillance tool. This move, coupled with the UK government’s recent publication of its National Payments Vision, marks a significant step toward a financial system where every transaction is meticulously recorded, monitored, and controlled.
The Bank of England’s claims of “privacy, not anonymity” ring hollow in the face of the massive data collection that will be enabled by the digital pound. According to the BoE-MIT paper, “Enhancing the Privacy of a Digital Pound,” the digital currency will still allow for the collection and accessibility of payment and identity data by law enforcement and other authorities. The government’s assurance that this data will be regulated under legislation is little solace, given the potential for abuse and data breaches.
The implementation of privacy-enhancing technologies (PETs) like pseudonymization and zero-knowledge proofs may provide some semblance of security, but these measures are fraught with their own set of risks.
The UK government’s intention to continue the design phase for the digital pound is not just a technical endeavor but a deliberate move to build a society where independent financial transactions are increasingly monitored and restricted. The very idea that individuals would have more control over their data is absurd, given the central bank’s direct access and the inevitable dependencies on government-mandated systems.
Direct assault on personal privacy
This is not just an infringement on financial freedom; it’s a direct assault on personal privacy. As more countries worldwide pursue similar CBDC strategies, we’re entering an era where governments hold the keys to your financial life. Your choices, your purchases, and your financial habits become data points in a vast surveillance net, with potentially dire consequences for dissent and individual autonomy.
The U.K. government’s push for a digital pound is not about enhancing privacy; it’s about establishing control. Citizens will be forced into a system where every transaction is tracked, where the government can see, analyze, and possibly influence every aspect of your financial life. It is a move towards a dystopian future where financial independence is a relic of the past, and your every financial move is dictated by an all-seeing, all-knowing authority.
As countries flirt with the idea of a future void of autonomy, individuality, and privacy, governments will ensure citizens that their lives will be easier, more comfortable, safer. However, individuals must wake up and realize that their purchasing choices and financial transactions are theirs alone, and should not be subject to the looming specter of government oversight and control. We must fight for a currency and a financial system that respects and protects privacy, not just pays it lip service.
Sources include:
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
Kamala Harris Says the American Dream Is “Gone”
by Modernity News
During a pre recorded interview, Kamala Harris once again failed to deliver any substantive outline of her policies, primarily attacking Donald Trump’s outlook and his first term in office. At one point when speaking about the economy, Harris appeared to suggest, in stark contrast to Trump, that the American Dream…
Gold Price Forecasts Skyrocket Following Moves by China and the Fed
by Sponsored Post
With the Federal Reserve beginning what most expect to be a sustained easing cycle, momentum continues to rise for gold and silver. Values have been steadily rising and the newest forecasts point to even more gains down the road. At the end of September, BMO Capital Markets published updated commodity…
Taxes and Tariffs and Trade: Oh My! Trump’s Plan to Bolster the Economy
by Just The News
In a bid to build a broader coalition, former President Donald Trump has outlined a vision of tax cuts, import tariffs, and “reciprocal trade” to preserve and restore American industries. Since coming down the escalator of Trump Tower in 2015, the Republican standard bearer has espoused unconventional trade policies and…
Expert Testimony: Mass Immigration Under Biden-Harris Is Driving Up Rents for Americans
by Breitbart
The arrival of millions of foreign nationals, many of whom are illegal aliens, under President Joe Biden and Vice President Kamala Harris is helping to drive up rents for working- and middle-class Americans, an expert witness told Congress Wednesday. Center for Immigration Studies Director of Research Steven Camarota told the…
This Year Marks First Since 1958 That Us Held No Oil and Gas Lease Sales
by Just The News
This year will be the first year since 1958 that the Bureau of Ocean Energy Management held no offshore oil and gas lease sales. Energy expert Alex Epstein, author of “Fossil Future,” argued at a recent House Budget Committee hearing the United States’ record-high oil production is in spite of…
Kamala’s Devastating Middle Class Taxes
by Independent Sentinel
With the election coming up, the IRS plans to reduce our taxes for 2025. it’s a common tactic to make it seem like they won’t tax us into oblivion once they return to office. CBS News: Some Americans could see lower federal income taxes in 2025 due to an annual…
Congress Passes Stop-Gap Spending Bill After Failed Mike Johnson Gambit
by Breitbart
Congress on Wednesday passed legislation that would fund the government through nearly the end of December. The House and the Senate passed a stop-gap spending bill that would push the government spending deadline to December 20. The measure, otherwise known as a continuing resolution (CR), keeps federal spending the same….
A ‘Bipartisan’ Bar Tried to Open in DC, Then Libs Cried That an Elephant Image Was ‘Hurtful.’
by The National Pulse
A new bar in Washington, D.C., whose political theme focused on bipartisan agreement and debate, succumbed to partisan pressure before the establishment could even serve its first drink. Originally billed as Political Pattie’s, the bar was flooded with complaints by liberals who said the establishment’s logo—specifically the Republican Elephant—was offensive…
Newsom Signs Bill Requiring Janitors to Take $200 Sexual Harassment Training
by Just The News
California Gov. Gavin Newsom signed a bill requiring companies that hire janitors to make sure janitors take sexual assault training every other year, and pay $200 per participant for sessions with under 10 janitors present, and $8 for sessions with 10 or more janitors. The bill also requires the government…
Biden-Harris Regime Prepares Another $8 Billion in Military Aid for Ukraine During Zelensky’s Washington Visit
by The Gateway Pundit
The Biden-Harris regime is once again prioritizing foreign interests over the well-being of American citizens, with plans to announce an eye-watering $8 billion in military aid for Ukraine during Ukrainian President Volodymyr Zelensky’s visit to Washington. This massive giveaway comes as Americans continue to face economic hardships, skyrocketing inflation, and…
‘Economic Dystopia:’ Silicon Valley Tycoon Predicts AI Will Take Over 80% of All Work
by Breitbart
Vinod Khosla, legendary Silicon Valley investor and entrepreneur, has predicted that AI will replace the majority of work in most jobs, necessitating the implementation of universal basic income (UBI) to prevent economic instability and inequity. Fortune reports that in a recent blog post, Vinod Khosla, the billionaire co-founder of Sun…
