A former Bank of England analyst has warned that the discovery of alien life could cause major problems for global financial markets, and has called on the Bank to get ready for a possible crisis.
Helen McCaw, who spent ten years as a financial security expert at the Bank of England before leaving in 2012, has warned that revealing information about extraterrestrial life could cause significant disruption to financial markets. In a letter to Bank of England governor Andrew Bailey, she argued that such a disclosure from the US government could trigger either widespread panic or excessive optimism among investors.
As reported by The Independent, McCaw believes leaders and financial institutions can’t ignore the possibility of extraterrestrial life, especially with US officials hinting at upcoming disclosures about the topic.
She warned that officially confirming this could cause banks to fail, asset values to plummet, and people to lose faith in how the economy is understood.
Alien life could destabilize financial institutions, report
In her letter, McCaw mentioned the U.S. government’s continuing effort to release information about Unidentified Anomalous Phenomena – often called UAPs.
She explained that confirming UAPs come from something not human would compel governments and financial markets to face the reality of an intelligence potentially far surpassing any country, and whose goals we don’t understand.
Recent conversations about unidentified aerial phenomena (UAPs) in the United States have increased, boosted by the release of the documentary The Age of Disclosure. Directed by Dan Farah, the film presents interviews with many current and former government officials and investigates allegations that there’s been a long-term, worldwide attempt to hide information about technology not made by humans.
The documentary features interviews with Secretary of State Marco Rubio, Senator Kirsten Gillibrand, and former intelligence chief James Clapper.
In the film, Rubio states that the US has consistently identified objects flying near sensitive nuclear sites that don’t appear to be made in America.
McCaw explained that revealing this information could cause widespread distress, which she called “ontological shock.” This could lead to serious emotional responses and negatively impact the economy. She cautioned that the markets might become very unstable due to fear or guessing, as investors find it difficult to determine the value of investments using their usual methods.
Investors might flock to traditionally safe investments like gold or government bonds, but even those aren’t completely secure. New technologies related to space travel could potentially lessen the appeal of precious metals as safe investments by making them seem less rare.
The Bank of England has not publicly responded to the letter.
Read More
- The Batman 2 Villain Update Backs Up DC Movie Rumor
- Adolescence’s Co-Creator Is Making A Lord Of The Flies Show. Everything We Know About The Book-To-Screen Adaptation
- James Cameron Gets Honest About Avatar’s Uncertain Future
- These are the last weeks to watch Crunchyroll for free. The platform is ending its ad-supported streaming service
- New survival game in the Forest series will take us to a sci-fi setting. The first trailer promises a great challenge
- ‘Stranger Things’ Actor Gives Health Update After Private Cancer Battle
- Player 183 hits back at Squid Game: The Challenge Season 2 critics
- Activists arrested after custard and apple crumble thrown over Crown Jewels display at Tower of London
- What time is It: Welcome to Derry Episode 8 out?
- Rumored Assassin’s Creed IV: Black Flag Remake Has A Really Silly Title, According To Rating
2026-01-19 18:19