Thai and Tether

There is being right-wing, and then there is having two kings. But do you have to take a Thai name to be naturalised in Thailand? If not, then why does Christopher Harborne have that name on his British passport, but “Chakrit Sakunkrit” on his Thai one? Harbone’s generosity has made Nigel Farage the political spokesman for cryptocurrencies, and specifically for Harbone’s Tether.

Yet the speculative value of cryptocurrencies is hurtling towards their intrinsic value of zero. A suspicious number of those who decry us sceptics of the cashless society also claim that we are under constant threat of cyberattacks, and a surprising number of those who are forthright against the cashless society are enthusiasts for cryptocurrencies, about which the clue is in the name. In the cashless economy, every penny that we spent would be tracked. Cryptocurrencies are beyond democratic political control. The combination of the two would be, and increasingly is, that level of tracking by those who were thus unaccountable.

Unaccountable not least because Tony Blair and Gordon Brown surrendered democratic political control over monetary policy, a surrender for which they had no electoral mandate but which they had plotted in Opposition, just as Keir Starmer and his cronies plotted fiscal drag, assisted suicide, puberty blockers, digital ID, facial recognition, the abolition of trial by jury, the taxation of family farms to the point that they would have to sell up to giant American agribusinesses, and much more to which we have yet to be made privy.

At least Brown did keep us out of the euro. Much to the chagrin of Peter Mandelson, who now enjoys the hospitality of George Osborne. Whitney Webb and Mark Goodwin have vital information, with a book due out next year, about the Epstein network’s connections to cryptocurrencies. Osborne has written in the venerable pages of the Financial Times that Britain risked being “left behind” by stablecoins.

All that, and digital ID and facial recognition, too? Starmer has said that to access our own money, we would need the digital ID that the Tony Blair Institute would have linked to facial recognition. Expect it to be illegal to fail to produce whichever form of it a state functionary demanded, and impossible to make or receive payment without it. There is a word for the merger of state and corporate power to the point of the physical violence on which that merger depended.

Not that it would be anything new in this country. If the spycops inquiry received anything like the coverage that it deserved, then digital ID would have public approval below 10 per cent. Facial recognition probably already does. Reform UK wants to hold the line against them. But it already has nine million reasons why it cannot.