The Highwire with Del Bigtree - ENGLAND’S NEW PM FAVORS “NET ZERO” CURRENCIES

Episode Date: November 7, 2022

Being pushed by everyone from the WEF, Bank of England and others, Britain’s new PM Rishi Sunak is all in for a net zero push looking into Central Bank Digital Currencies.#RishiSunak #DigitalCurrencyBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-highwire-with-del-bigtree--3620606/support.

Britain's got another new prime minister. It's third in the last couple months. And he is Rishi Suneck. This is a former Goldman Sachs banker, former hedge fund manager, head of the conservative party, former chancellor. And here's the headline just out of October 25th. So this is very recent. He's the most recent one. Rishish Sunnick officially becomes prime minister, informs cabinet. And, you know, our viewers may have remembered we did a story on him when he was chancellor of the UK in August of this year. Take a look just for a flashback. Okay. Senior member of parliament, Rishi Sunnick. He is actually in the running to replace Boris Johnson as prime minister. We'll know more about that in early September here. But he's come forward now and become the most senior whistleblower to

the blow the whistle on the COVID response. What happened behind the scenes in the UK? This is the headline here. This is where it started out. Sunnick says it was a mistake to empower scientists during COVID pandemic. He did a sit down, a long format sit down with the spectator. It's a magazine in the UK, and he kind of spilled the beans. This was the headline. He wants to read this story. It's an amazing tell-all. The lockdown files, Rishi Sunnick, on what we weren't told.

Listen to some of these quotes he has in here. A cost-benefit calculation, a basic requirement for pretty much every public health intervention was never made. He says, I wasn't allowed to talk about the trade-offs, as Sunnick. Ministers were briefed by number 10 on how to handle questions about the side effects of lockdown. The script was not to ever acknowledge them. The script was, oh, There's no trade-off because doing this for our health is good for our economy.

Wow. I mean, and, you know, he seems like a really good guy there, at least in that moment he's on our side. Yeah, and so doing some research here. We're doing a little bit of a dive into who this guy is. It's kind of like a one step forward, one step back of what that sounds good. That's kind of questionable. So let's really take the viewers through what we know just, you know, through public headlines. And so he was a founding partner of a hedge fund company called Thelamy.

And this is the headline from November 2020. This was the vaccines were in production. Rishi Sunnick refuses to say if you'll profit from Moderna COVID vaccine. In there, it says stock market filing show that Thelamy has a $500 million investment in the U.S.-based Moderna, which accounts about 20% of all the money it manages, 20% of the $2.5 billion. So Sunnick was a founding member in this fund. Now, he left in 2013, just to be clear, he left this hedge fund to pursue politics. in the UK. We know how that's went. But it's very rare for someone, a founding member of a hedge fund, to just drop it and not to have any holdings in this hedge fund. But we don't know because this is in

the Cayman Islands. That's where it's filed. So it's not public information. So there's that piece on that. But now let's fast forward to summer of 2020. So the lockdowns had happened throughout the winter and they were being released. Businesses were really hurting. We have Rishi Sunnick. He put out a program called Eat Out to Help Out. This is the UK offers diners, some tasty morsels. So they launched, it was about a $620-something million program. It was a discount scheme and people can go out to restaurants, cafes, and pubs on like Monday, Wednesdays, and people can get half-price meals.

So it was something to get people out. And he was attacked in the media by that for causing, you know, a second or third wave. I can't remember at the time. But that, you know, that's one of the things that he was doing as channel. was trying to. And you can see a theme, common theme going through what he does of finance, money, banking, trying to restart the economy there. But he was also caught at 10 Downing Street during Partygate. And this is one of the things that eventually led to Boris Johnson resigning. So April 2022, we're seeing headlines that look like this, UK PM Johnson and Finance Minister,

Sunnick fined for COVID lockdown breaches. So Boris Johnson had a little bit of a birthday party, whenever one else wasn't supposed to have gatherings of two or more. There was a bash at 10 Downing Street, and so Rishi was part of that. Boris and Rishi were fined by the police for this. So let's fast forward to more present-day events. So UK finance minister Sunnick resigns. This was on July 5th, 2022. So he must have read the tea leaves, saw the wind blowing in a certain direction,

because just two days later, we have Prime Minister Boris Johnson stepping down, embattled UK Prime Minister Boris Johnson resigns. And so in this space now, Sunnick is now in the space where Prime Minister may be within his grasp. So this is where it brings us up to our reporting that we had reported on. This is Reuters, UK leadership candidate, Sunnick, now he's become a candidate, attacks COVID lockdown response. So, you know, that's the question. We don't know the answer.

We can speculate. Is he doing this for politics? Why didn't he come out so strong? I mean, his policies appeared to be, you know, he wanted to open up the economy. But why didn't he come out and just do this tell all at any other time except when he's running for candidate? That would be one of the questions. But we have Liz Trust that enters. She is only basically Prime Minister for three weeks.

And then she has to resign. So here's the headline UK. Prime Minister Liz Trust resigns after failed budget and market turmoil. So we have Rishi Sunnick. He was voted by the Conservative Party to be the prime minister. about a week before he becomes Prime Minister, he comes out and he gives this speech. Take a look. Today, I'm proud to say that under the UK's presidency, the group of the world's seven most

advanced economies, the G7, is launching a set of public policy principles for retail central bank digital currencies, CBDCs. Central bank digital currencies could be a digital version of money, a bit like a digital banknote that could be used alongside physical notes and coins. Unlike most of the digital money people use daily today, it would be issued directly by a central bank, like the Bank of England in the UK. And governments and central banks across the world are working together looking into what having a digital currency might mean in practice. This includes issues that people care about, such as ensuring users' money would be safe and secure, that it could work with other

ways to pay would be energy efficient and available to everyone. A potential CBDC could offer businesses and consumers new ways to pay in the future. It's all part of the wider story of digital innovation that has delivered benefits to millions around the world and in the UK. Wow, you know, James Patrick, the documentary I spoke to just a moment ago, was talking about the CBDCs as something that he's investigating. There's some scary things around this. And for all those have been fighting for Bitcoin and Ethereum and these cryptocurrencies, there is a real concern that the banking, the central banking systems

are gonna take over, push those out, say, oh, we're into cryptocurrencies, the ones that we control the only ones that are legal, right? I mean, that's a sense of what could happen here. Right, right, and this is where the story kind of detracts a little bit from Sunnick and we talk to this greater push for the central bank digital currency.

And just a basic overview on this, Darwin, you or I, do a financial transaction with our bank where we buy something, it's between you and the bank. When you, in a reality where there's central bank digital currencies, it's between you and the government institute, the government really instrument of financial asset that they have issued. So it's between you and them. They know everything you're purchasing and they have real-time access to that. And it's on a ledger that can never be erased. So that's- And there's even discussions, right, that on that ledger could be what my,

currency can be used for. For instance, we could see a future where I was able to buy Ivermectin during COVID. I am allowed and I personally believe it's effective. Everyone can make their own decisions. But for my family, my relatives, I was purchasing Ivermectin from sources that would give it to us, even though it's being shut down in a lot of places. We are talking about my currency, if that's the only currency that exists, that is being tracked and has notations on it, cannot be used to buy certain things. They could literally block us from using currencies to get to things. things that we may think are necessary for our own lives. Absolutely. And this is a story we'll continue to cover and we'll talk way more about this. But what's interesting is they're taking an ecosystem of the cryptocurrency space, which is, it has its backbone of decentralization, power to the community. And they're centralizing it in the most central space of a central bank. So that's a very, you know, square peg for a round hole.

It's going to be interesting how they make that happen if they try. But let's finish off on Sunnick here. One of the headlines here out of The Guardian asks, who are Rishi Sunix in-laws? So the Indian entrepreneur is wealthier than King Charles. Wow. Maybe a lot of people didn't know that. So we have his father-in-law is Narayana Murthy. For people that don't know, he's pretty much like the Steve Jobs of India.

He's one of the people and his business is responsible for, you know, the Indian tech push. So his company is called InfoS, SY, S.S. And they're really like a fintech financial tech. They focus on biometrics, bringing businesses into the digital age, which is really interesting. And even from 2016, you can see here, they're talking about digital banking infosys, Finnicle partners with one genie to strengthen digital banking offering. Now, Murthy stepped down in 2024, but the trajectory of the companies was still going that way. So that's one of the data points there.

And also, there's a lot of speculation. Is Rishi Sunnick part of the World Economic Forum, the W.E.F? He does have his own page there. Now, do they give everyone a page there that is a leader? I don't know. But he has said in a World Economic Forum video that he's fully transitioning the UK towards net zero. He's kind of quarterbacking the financing of that net zero transition.

But he wants it to be fair. So again, ask the farmers in the Netherlands how the net zero transition is going. So we kind of get a taste of what's going on there. But let's go just finish up here with a digital currency. So we have the Bank of England. There's a concerted push. Like you said, when stuff comes out of nowhere and everyone's talking about it, especially at this huge level, at the banking level, we've got to really pay attention.

So we have the Bank of England, UK digital currency. This is their own website, UK digital currency, central bank digital currency. Even the White House just a month before Rishi made that statement. Fact sheet, this is at the White House's own website. White House releases first ever comprehensive framework for responsible development of digital assets. So a lot of people moving towards these digital assets. And why is that a concern? Well, there's a lot of concerns for this.

One of them is that government has already shown that its first step forward for towards people it doesn't like or towards activists that are doing something that doesn't want is to freeze their bank accounts. We saw this with the trucker protest in Canada. This was just remind people, banks have begun freezing accounts linked to trucker protests. But in Canada, they had to invoke the Emergencies Act. That was what Trudeau had to do, which is an act that hadn't been used for like 50 years. And that was a big to do. It was transparent. The public could have a discussion around it.

Say, I like this. I don't like this. Politicians got involved. With a central bank digital currency in that space, if that was available then, it would have been zeros and ones. And no one would even know who you are or what happened to your bank account because you would just be gone one day. It would be a blip. There would be nothing, really, no accountability. Even Pakistan, there's a lot of issues there with an election. There is an ousted Imran Khan.

He's trying to get the election, a new election to be had. And this is the headline there. It's happening all over the world. Pakistani political hecklers threatened with biometric, block biometric ID and bank accounts. And then we're even seeing corporations. I mean, they just can't help themselves. PayPal's been, this is a story that's been going back and forth for a couple weeks here. People with PayPal accounts really should pay attention on this one. PayPal added the word misinformation into their user agreement when it came to this. This is the headline about fines. After PayPal revokes controversial misinformation policy, major concerns remain over a $2,500 fine. So they're going to fine people $2,500 for violations. And there is a list of violations. And they added out of nowhere

misinformation in that list and people said, whoa, whoa, whoa, what are you talking about? Can you define misinformation? You're going to charge me $2,500 per violation and you have links to my What are you? The IRS? I mean, you were my government, like suddenly like things I'm saying, you're going to, I'm just going to get a bill or just going to take it right out of my account at PayPal. I mean, how is that even legal? It's totally crazy. And how are they finding that out? is the big question too. Are they monitoring everybody's, do they have full scope monitoring of everyone's online activity? So right now, here's where we're at with PayPal. PayPal still has this in its its user agreement and it's had it for quite some time. So you can see here, if you're a seller

and receive funds for transactions that violate the acceptable use policy, blah, blah, blah, you go all the way at the bottom. You acknowledge and agree that $2,500 US dollars per violation is presently a reasonable minimum estimate of PayPal's actual damage. So you say, well, what the heck is this acceptable user policy? And we go to that and it says section F, which is an important part for people probably watching the show, the promotion of hate, violence, racial, and other forms of intolerance that is discriminatory or the financial exploitation of a crime. Well, remember, misinformation was cut and pasted and added to that. And then because of public backlash, they had to take it off.

They said, sorry, that was our error. Maybe a little too early. We were supposed to put that when the CPDs came through. So that's where we're at with a PayPal. So a lot of people have been shutting down their accounts and canceling their accounts with PayPal for this very reason. Rightfully so.

I mean, it's really scary stuff to have private industries watching how our finances are moving, our conversations, are they watching how we're speaking in messages? Like, what do they know? What do they not know? I mean, this is really going to get to be

a bigger and bigger story for all of us. The AI, it's everywhere. Who's in contact with it? And by the way, how many forms have we all just checked a box? on yeah okay to open up my phone okay yeah whatever I got to get this computer app working okay okay okay okay how much of our information did we just sign off on to be given out around the world and how it be used against us