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The Fed is getting pretty sly when it comes to digital currency. They are aware that it is unpopular, mainly because Americans are wary of handing over control of their finances to a government that could cut them off at the flick of a switch. So, in typical globalist fashion, they plan to “persuade” you to use it by introducing the infrastructure as an option they know you’ll love. That is precisely what they are doing as we speak with this new FedNow program. This payment system, recently implemented by the Federal Reserve, lays the groundwork for the US government to essentially exercise ultimate control over your money.
The Federal Reserve on Thursday officially launched its long-awaited FedNow instant payment service, which allows consumers and businesses to send and receive money in seconds.
The system allows Americans to pay for groceries instantly, businesses to pay their suppliers, or people to pay each other. It will be available 24 hours a day, every day of the year, with full access to funds immediately.
FedNow is not offered directly to individuals and businesses, but will serve as the infrastructure base for instant payments by linking banks. Transactions occur between bank accounts and allow funds to be transferred immediately from a sender’s bank account to a receiver’s bank account.
The customer’s credit per transaction limit will be $500,000, but the initial transaction limit setting will be $100,000. Money can flow from consumer to consumer, from consumers to businesses or from business to business.
“The Federal Reserve created the FedNow service to help make everyday payments faster and more convenient for years to come,” said Federal Reserve Chairman Jerome Powell.
“Over time, as more banks choose to use this new tool, the benefits for individuals and businesses will include allowing an individual to immediately receive a paycheck or a business to instantly access funds when a bill is paid.”
Here is the list of banks that have already signed up for FedNew. You can find it here.
The only problem is that FedNow acts as the infrastructure, or “plumbing,” as one expert put it, for the Central Bank’s new digital currency (CBDC system).
The end goal is clearly for the globalists to track all your spending and have the ability to “turn off” your purchasing power if you misbehave, or they could “turn off” certain sales, like guns and ammo or whatever else they want. Their strategy is to lull everyone into a false sense of security and then drop the hammer.
They refer to FedNow, which is not a CBDC, but it is plumbing.
NOTICE: When they launch a CBDC, they will likely come out with features they love first (see below) before social scoring
The Fed is launching a new payments system that lets you send money in seconds https://t.co/BKqn3DwaVL
— George Gammon (@GeorgeGammon) July 20, 2023
I can’t think of anything scarier than that.
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