Overview
- McCaw, a former senior analyst in financial security at the Bank of England, wrote to Governor Andrew Bailey urging preparedness for a scenario in which the White House confirms non‑human intelligence.
- Her letter cautions that a definitive announcement could trigger “ontological shock,” extreme volatility, collapses in pricing confidence, and even bank runs or payment-system disruption within hours.
- She outlines divergent asset reactions, including potential flights to gold and government bonds or a turn to bitcoin if trust in government-backed assets falters, while speculation about space mining could undermine precious metals.
- Reporting places the warning in the context of intensifying U.S. attention to UAPs, including the documentary The Age of Disclosure featuring senior officials such as Marco Rubio, Kirsten Gillibrand and James Clapper.
- The Bank of England has not publicly responded, and there is no official U.S. disclosure to date, with some coverage noting prediction-market odds while treating disclosure as a hypothetical risk.