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The digital pound: A new form of money for households and businesses?
Bank of England ^ | 2/7/23

Posted on 02/11/2023 10:06:48 AM PST by EBH

A Bank of England and HM Treasury publication The way we use money is changing. This Consultation Paper sets out our assessment of the case for a retail central bank digital currency (CBDC) – a so-called ‘digital pound’. It has been overseen by the joint Bank-HM Treasury CBDC Taskforce that was announced in April 2021.

At this stage, we judge it likely that the digital pound will be needed in the future. It is too early to decide whether to introduce the digital pound, but we are convinced preparatory work is justified.

The digital pound would be a new form of sterling, similar to a digital banknote, issued by the Bank of England. It would be used by households and businesses for their everyday payments needs. It would be used in-store, online and to make payments to family and friends. If introduced, it would exist alongside, and be easily exchangeable with, cash and bank deposits.

The digital pound would maintain public access to retail central bank money and, as our lifestyles and the economy become ever more digital, it would also promote innovation, choice and efficiency in domestic payments.

During this consultation, HM Treasury and the Bank of England will engage extensively with stakeholders across the UK to seek views on the proposed model of the digital pound set out. Responses to this consultation are invited from all interested members of the public, experts, and organisations.

(Excerpt) Read more at bankofengland.co.uk ...


TOPICS: Business/Economy; Chit/Chat
KEYWORDS: 1984; currency; digital
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To: poinq

I recall that, during the Canadian truckers protests, Trudeau cut protesters off from their bank accounts and credit cards.

https://www.foxnews.com/media/canadian-freedom-convoy-truck-seized-bank-account-frozen.amp


21 posted on 02/11/2023 12:15:50 PM PST by SauronOfMordor (The rot of all principle begins with a single compromise.)
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To: EBH

Digital pound or about .45 digital kilos but in terms of heaviness it carries as much weight as a Chinese spy balloon filled with pigeons but they’re flying inside the balloon so they all just go up and up like Bidenflation.


22 posted on 02/11/2023 12:22:54 PM PST by conservativeimage (The world is not dark. The future is not bleak. Tomorrow will be a good day.)
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To: SaveFerris

I love how patient endurance is a recurring theme in Revelations.


23 posted on 02/11/2023 12:25:52 PM PST by conservativeimage (The world is not dark. The future is not bleak. Tomorrow will be a good day.)
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To: EBH

not ‘Digital’ in the sense we use that word.

more like a gov’t issued app that operates on a smartphone,
that replaces a bank-debit-card.

why are banks going along with a system
that does not need banks?


24 posted on 02/11/2023 12:28:36 PM PST by RockyTx
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To: Worldtraveler once upon a time

(The digital ID that they want.)

And they will get what they want.

Nothing is going to stop them.

Daniel 7:23 has already foretold it.

Daniel 7:23
King James Version

23 Thus he said, The fourth beast shall be the fourth kingdom upon earth, which shall be diverse from all kingdoms, and shall devour the whole earth, and shall tread it down, and break it in pieces.

https://www.biblegateway.com/passage/?search=Daniel%207%3A23&version=KJV


25 posted on 02/11/2023 12:38:56 PM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: SaveFerris

I wholeheartedly agree.

That said, whatever the beast ends up being, it won’t be quite what anyone thought. I’d also argue the same goes for his return.


26 posted on 02/11/2023 12:39:23 PM PST by fuzzylogic (welfare state = sharing of poor moral choices among everybody)
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To: I want the USA back

>You’ll have 30 days to look under mattresses and in old coat pockets to find all your banknotes and turn them in at the bank.

Nope. Precious metals. Pb, Ag, Au.


27 posted on 02/11/2023 12:49:21 PM PST by fretzer
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To: SaveFerris
--- "And they will get what they want. Nothing is going to stop them."

Many will stop them, acting alongside the will of God. Among those will be you and yours. Daniel is a book of faith in the face of adversity, not a downer message that satan will win. With respect, the end of the story is foretold. It is not "nothing is going to stop them."

28 posted on 02/11/2023 12:58:48 PM PST by Worldtraveler once upon a time (Degrow government)
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To: conservativeimage

Yeah

That’s a tough one - yikes 😳


29 posted on 02/11/2023 1:32:25 PM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: Worldtraveler once upon a time

I’m just saying they’ll reign - for 7 years

Until Jesus Christ smashes their New World Order

And He will - most definitely

Tribulation Saints will resist him - and pay with their lives

BUT gain their eternal souls

Revelation 20:4
King James Version

4 And I saw thrones, and they sat upon them, and judgment was given unto them: and I saw the souls of them that were beheaded for the witness of Jesus, and for the word of God, and which had not worshipped the beast, neither his image, neither had received his mark upon their foreheads, or in their hands; and they lived and reigned with Christ a thousand years.

https://www.biblegateway.com/passage/?search=Revelation+20%3A4&version=KJV


30 posted on 02/11/2023 1:37:05 PM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: SauronOfMordor

Yep

Tyranny


31 posted on 02/11/2023 1:38:14 PM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: poinq

(This is just getting rid of cash so the government can control access to people’s own bank accounts)

Yes


32 posted on 02/11/2023 1:39:58 PM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: poinq
This is the beginning of slavery...

We already have slavery, as fiat 'money' is pure debt.

There is virtually, no difference between Egyptian slaves and modern slaves, other than the degree of transparency to the enslaved. Great (short) video, well articulated.

Modern-day Slavery

33 posted on 02/11/2023 1:41:51 PM PST by C210N (Everything will be okay in the end. If it’s not okay, it’s not the end.)
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To: EBH

digital currency = tyranny, enslavement, serfdom, dystopia


34 posted on 02/11/2023 2:41:16 PM PST by rigelkentaurus
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To: EBH

Just say no.


35 posted on 02/11/2023 3:21:44 PM PST by TBP (Decent people cannot fathom the amoral cruelty of the Biden regime.)
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To: TLI
Needed?

Why?

Because the government said so?

So the government can control the people. .

36 posted on 02/11/2023 3:22:40 PM PST by TBP (Decent people cannot fathom the amoral cruelty of the Biden regime.)
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To: TLI
Needed?

Why?

Because the government said so?

So the government can control the people. .

37 posted on 02/11/2023 3:23:06 PM PST by TBP (Decent people cannot fathom the amoral cruelty of the Biden regime.)
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To: EBH
[we judge it likely that the digital pound will be needed in the future]

(for the thread)


38 posted on 02/12/2023 12:18:27 AM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: rigelkentaurus

We already have slavery as the world runs on a debt system, not a true monetary ( hard asset) system.


39 posted on 02/12/2023 4:37:25 AM PST by EBH (America Blackmailed, The True Story of the World War...Coming Soon)
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To: EBH
If introduced, it would exist alongside, and be easily exchangeable with, cash and bank deposits.

Yeah, one way. You get to turn in your cash, but you can't turn in your make believe digits in order to get cash.

And let me further prognosticate, for Pennies on the Pound.

40 posted on 02/12/2023 4:43:29 AM PST by Sirius Lee (They intend to murder us. Prep if you want to live and live like you are prepping for eternal life)
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