@britbox do you think the Truss-Kwarteng tax cut has rebuilt the red wall? Even those of us who benefit can’t understand the justification for this. Truly beggars belief. It feels inevitable that sterling will cross parity against the dollar and possibly even the euro.
As stupid as I thought Brexit was I never thought I could be vindicated as completely as this
On the face of it - it's utterly stupid from a traditional political angle. However...
The parity with the dollar and the Euro is a good spot, and might well be by design. They are bringing in Central Bank Digital Currencies, and the closer aligned the currencies are, it will be far easier in the long term for world trade, and to merge them together as an end point.
We are looking at the case for issuing a digital pound. This type of money is known as a central bank digital currency (CBDC). It would not replace cash.
www.bankofengland.co.uk
Note: These will be programmable currencies, and ultimately very similar to the social credit system they designed, trialled and rolled out in China - The Digital Yuan with facial recognition and mass tracking of everything across a surveilled SMART grid. The programmable aspect means they can restrict access to certain goods and services based on consumption and behaviour. They did a trial in the West (of a sort) with Bitcoin (That kind of money and transaction doesn't happen with a "virtually unknown mysterious inventor")
Initially, these currencies will work alongside cash (the new notes they are bringing out are polymer) Polymer is completely traceable.
The present invention is in the field of polymers comprising identifiable tracers by spectroscopic methods such as XRF, IR, NIR and XRD allowing information to be encoded by the polymers, and in particular polymers for conservation, restoration and retouching in artworks, electronics, coatings...
patents.google.com
Once everyone is in the digital system, they'll get rid of cash.
Expect most of the regular types of banks to collapse or close shop - they won't be necessary in this system. However, the general public will be the last to know - that's why all Western governments passed "Bail-in" laws since 2008.
www.gov.uk
I don't imagine we are far away at all from bank chaos.
It's part of UN Agenda 2030 and the WEF's Great Reset. These aren't theories, they are doctrines that virtually all states have agreed upon. It's a combination of Huxley and Orwell. Controlled destruction of the old to bring in the new. Order out of chaos. This is going to get worse before it gets better.
Most of the middle is wiped out and the rest are enslaved by a combination of Big Government meshed with Giant Corporations.
That's the plan - it's all traceable, signed off and legislated for. All the relevant docs are on Government websites.