Destitution at a Keystroke

As it was only a matter of time, the United Kingdom has announced that it is rolling out the digital pound, a Central Bank Digital Currency (CBDC) tied to the Bank of England. Pundits expect that the digital pound will be introduced as early as next two years. In a country which has done everything to obstruct the will of the British people since 2016’s historic vote for Brexit, government again is thwarting the citizenry by foisting this latest measure for totalitarian control over every aspect of public and private life.

Colloquially commentators are calling it “Britcoin.” The term was actually coined (if you’ll forgive the pun) in 2019 for a private cryptocurrency which never gained much popularity. The name now remains in reference to a Bitcoin exchange based in the United Kingdom. The allure of cryptocurrency is the fact that it is borderless, and one can potentially take it anywhere. Investors viewed Britcoin as limited to the UK, so it never proved popular on the voluntary market… which is exactly why government is now forcing it on everyone under a different name.

Yes, initially buy-ins will be volitional. Early adopters in industry and the wider population will acquire the first accounts of Britcoin, at an exchange of 1£ = 0.66. Similar to how the Euro was rolled out, an arbitrary exchange rate will be established to give investors the impression that Britcoin is more valuable than it really is (it works every time!). As these account balances grow and their beneficiaries seem to have more purchasing power, there will be a clamor for “levelling the playing field.” Calls of that nature will precede the mass digitization of all wealth in private accounts in the UK, so that “no one can have leverage over his fellow man.” In this way, the Bank of England will have direct control and surveillance down to the last pence in anyone’s account.

In a country which posts creepy public service announcements ironically named “No Place to Hide” to encourage the citizenry not to use end-to-end encryption in messaging service, by which government can more easily to monitor all digital communications. Or the country which issues advertisements taunting residents that the authorities will find them if they have unlicensed television sets in their household. Or the country which dispatches police to residents who publish “anti-social” posts online… to have all your assets at the mercy of Prime Minister Rishi Sunak’s Kill Switch is pure folly. Like the Canadian convoy truckers and their supporters de-banked in 2022 for opposing governmental mandates with the jabcines, at a keystroke government will de-person all dissidents whose only savings are in Britcoin.

Not to pick on our British cousins as if we are that much better. Authoritarianism is in vogue everywhere. Our cousins across the pond are to be used as guinea pigs for the rest of the developed world, and in due time this experiment will be coerced on us here in the USA. With a margin of years before the Federal Reserve digitizes all wealth in public and private accounts, now is the time to examine and develop alternatives. Begin to transact with businesses which accept cash or alternative currencies. Find a network wherein you can ply your trade for cash or alternative currencies. Whatever you do, start saving money in mediums besides the U.S. dollar. The hope here is that you stay well ahead of the Kill Switch, which is coming for all of us who question ideological orthodoxy.

Originally published June 19th, 2023, on Facebook.