Overview
- Helen McCaw, who worked in financial security at the Bank of England from 2002 to 2012, has written to Governor Andrew Bailey urging contingency plans for a possible UAP disclosure.
- Her letter cautions that confirmation of non‑human intelligence could trigger ontological shock, extreme volatility, rapid asset repricing and even bank failures.
- McCaw outlines competing flight‑to‑safety scenarios involving gold, government bonds and bitcoin, while warning that even traditional havens could be destabilized.
- She notes that perceptions of precious‑metal scarcity could shift if people expect space‑faring technologies to expand supply, complicating safe‑haven assumptions.
- The warning is set against growing U.S. discussion of UAPs, including the documentary The Age of Disclosure featuring senior officials, and the Bank of England has not publicly responded.