Warning Issued That Alien Revelations Could Spark Financial Crisis

The Bank of England must plan for a financial crisis being triggered by an official announcement confirming the existence of alien life, one of its former policy experts has claimed.

Helen McCaw served as a senior analyst in financial security at the UK's central bank, preparing for events that could impact the economy.
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McCaw, who worked for the Bank of England for ten years until 2012, insists that politicians and bankers can no longer afford to dismiss talk of alien life and scensored about "little green men".
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McCaw added: "There might be extreme price volatility in financial markets due to catastrophising or euphoria, and a collapse in confidence if market participants feel uncertain on how to price assets using any of the familiar methods.
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"There might be a rush to perceived safe assets such as physical gold, other precious metals and some types of government bonds.

"Alternatively, precious metals might lose their status as perceived safe assets if people speculate that new space-faring technologies will soon increase the supply of precious metals.

"There might be a rush to digital currencies such as bitcoin, which may prove appealing if people question the legitimacy of government and lose trust in government-backed assets."

McCaw said the authorities should also prepare for unrest and an unprecedented run on the banking system.

"If there is an official announcement and we get presented with very clear evidence that nobody is going to dispute, I would say that in a matter of hours, you are going to have total financial instability," she said.

"If banks start failing, the payment system will collapse, and you'll have rioting on the streets because people can't fill their cars up with fuel or buy food in the supermarket."

"Even if you feel it's very unlikely, it's madness not to consider it and plan accordingly."

McCaw has written a chapter on the subject for an upcoming book edited by Dr Alex Wendt, a professor of international security and political science at Ohio State University.