Posted on 07/23/2023 9:04:30 AM PDT by george76
The Fed is becoming quite crafty when it comes to digital currency. They’re aware that it’s not popular, mainly because Americans are wary about handing control of their finances over to a government that could cut them off with a flick of a switch. So, in typical globalist fashion, they plan to “coax” you into using it by introducing the infrastructure as an option they know you’ll love. That’s precisely what they’re doing as we speak with this new FedNow program. This payment system, recently rolled out by the Federal Reserve, sets the foundation for the US government to essentially exert ultimate control over your money.
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The Federal Reserve Thursday officially launched its long-awaited instant payment service FedNow, which allows consumers and businesses to send and receive money in seconds.
The system lets Americans pay for groceries instantly, businesses pay their suppliers, or people pay each other. It will be available 24 hours a day, every day of the year, with full access to funds immediately.
FedNow isn’t offered directly to individuals and businesses, but it will serve as the basis of infrastructure for instant payments by linking banks. Transactions occur between bank accounts and enable funds to be transferred from a sender’s bank account to a receiver’s bank account immediately.
The limit per customer credit transaction will be $500,000, but the initial setting of the transaction limit will be $100,000. The money can move from consumer to consumer, from consumers to businesses, or from business to business.
“The Federal Reserve built the FedNow Service to help make everyday payments over the coming years faster and more convenient,” said Federal Reserve Chair Jerome Powell.
“Over time, as more banks choose to use this new tool, the benefits to individuals and businesses will include enabling a person to immediately receive a paycheck, or a company to instantly access funds when an invoice is paid.”
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The one problem is that FedNow acts as the infrastructure, or “plumbing,” as one pundit put it, for the new coming Central Bank Digital Currency (CBDC system).
The ultimate objective is clearly for the globalists to track all your expenditures and have the ability to “switch off” your purchasing power if you misbehave, or they could “switch off” certain sales, such as those of guns and ammunition or whatever else they desire. Their strategy is to coax everyone into a false sense of security and then drop the hammer.
UN Agenda 21 , 2030 , Great Reset . ( Let me know if you wish to be added or removed from the list.)
I have been doing the same for 25 years using PayPal.
Thank goodness. I for one welcome our digital overlords.
Pls add me.
Mark of the beast required to buy or sell??......
On the plus side, I won’t have to waste any of my time doing my taxes since the will have all my info.
You are added. Thanks.
Participating Financial Institutions.
https://www.frbservices.org/financial-services/fednow/organizations
they are gonna get stores and businesses to comply by gettign them to refuse to take paper money or credit cards- digital id only- and sadly many businesses will comply as they are offered incentives to do so-
just like with the mask ‘mandates’ it wasn’t against the law to refuse to wear a mask BUT stores and businesses woudl not allow people in without masks on-
I read that Kryzigstan is going to all digital in 1/24.
what role is there for ...
Visa and Mastercard ?
Lockdowns of small family businesses, churches.. mask mandates that do not block a virus, and more.. were a trial run.
Just following orders - a Montana resident attempted to drive to Cooke City when he was pulled over and harassed by law-enforcement who – obeying the orders of Governor Steve Bullock – refused to allow passage - travel - to the small Montana town.
http://www.freerepublic.com/focus/f-news/3847215/posts
Yep- we were very much in a police state nearly for 2-3 years- our local hospital only just recently lifted their mask mandates, BUT they have signs saying that at any point, they could reinstate it ‘for the safety of everyone’, which is nonsense as most people that cot wu-flu got it while wearing masks!
The tyrants may freeze your Visa and Mastercard accounts.
Trudeau’s Deputy - Chrystia Freeland = government used emergeny powers to freeze bank accounts of anyone who gave money to the peaceful truck protests in Canada.. no court order.
https://freerepublic.com/focus/f-news/4045995/posts
No thanks.
The battle begins.
Resist we must.
On schedule, Monday. Call my congressman and bend his staff’s ear.
I already see the slavery oozing through the fine print.
Will NOT COMPLY.
In other words I’ll have no paper trail. IS a great method for my money to disappear
Rat hole some sliver is possible. Gold is too expensive and would be hard to use for day to day payout of expenses.
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