A Former Financial Policy Analyst Warns the UK’s Central Bank to Prepare for Disclosure
A Former Financial Policy Analyst Warns the UK’s Central Bank to Prepare for Disclosure
The United Kingdom’s central bank must prepare for the financial turmoil that could result in the event of official UAP disclosure, according to a former Bank of England financial policy expert. While it is nearly impossible to predict with any degree of certainty how the public and financial markets might react, the announcement that world governments are in possession of revolutionary technologies, alien biological samples, or even the simple fact that we’re not alone in the universe, are some of the factors that could serve upend societal and financial norms, meaning that it would be “madness not to consider it and plan accordingly.”
In a letter to Bank of England governor Andrew Bailey, former BoE economist and Senior Analyst in Financial Stability Helen McCaw urged the banking head to develop contingency plans for the economic fallout that could result if the government of one of the major nations—chiefly the United States—were to officially announce that the existence of non-human intelligences were a reality. According to McCaw, such an event could “potentially send shockwaves through the markets and could trigger bank collapses and civil unrest,” according to The Times.
McCaw, who published a 2024 white paper through the Sol Foundation titled “Unidentified Anomalous Phenomena: Policy Implications for the Government of the United Kingdom”, said that the disclosure process appears to already be under way, pointing out that the US government “appears to be partway through a multi-year process to declassify and disclose information on the existence of a technologically advanced non-human intelligence responsible for Unidentified Anomalous Phenomena (UAPs).
“If the UAP proves to be of non-human origin, we may have to acknowledge the existence of a power or intelligence greater than any government and with potentially unknown intentions,” McCaw continued. “It is entirely possible that government leadership and their central banks have not been properly briefed on the topic. UAP disclosure is likely to induce ontological shock and provoke psychological responses with material consequences.”
Regardless of how the announcement that we’re not alone is received—either positively or negatively—financial markets could suffer extreme price volatility and “a collapse in confidence if market participants feel uncertain on how to price assets using any of the familiar methods,” McCaw warned, adding that the resulting instability could cause “a rush to perceived safe assets such as physical gold, other precious metals and some types of government bonds.”
But even the traditional stability of physical assets could be upended if truly alien concepts are introduced during the disclosure process, causing them to “lose their status as perceived safe assets if people speculate that new space-faring technologies will soon increase the supply of precious metals.”
Additionally, if investors “question the legitimacy of government and lose trust in government-backed assets” such as their respective currencies, they may “rush to digital currencies such as bitcoin,” decentralized exchange methods that are beyond the control of traditional banks.
Indeed, a loss of trust in traditional financial institutions could result in an unprecedented run on the world’s banks, resulting in “total financial instability,” according to McCaw, causing payment systems to collapse, an event that could result in “rioting on the streets because people can’t fill their cars up with fuel or buy food in the supermarket.”
In risk management circles, an event such as UAP disclosure is considered to be a low-risk, high-impact event: unlikely to occur, but if it were to happen the consequences could be catastrophic, or as McCaw put it, “even if you feel it’s very unlikely, it’s madness not to consider it and plan accordingly.”
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A friend and I both picked up on this story a few days ago. I thought it was extraordinary! I’m glad you posted it here. At least one person is taking disclosure seriously, along with the huge ramifications and what could occur.
It sounds like the UK is preparing for what they KNOW is coming from the US. Not just simply being “prepared” IF. It seems they clearly have a contingency plan in place for WHEN disclosure comes from the US. Not hard to read between the lines there..
At least there is ONE credible economics expert on this somewhere in the world! I am so glad to see this.