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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.
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.”
Here’s the list of banks who have already signed up for FedNew. You can find it here.
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.
They’re referring to FedNow which isn’t a CBDC but it’s plumbing.
NOTICE: when they launch a CBDC they’ll likely first come out w/features normies love (see below) prior to social score
Fed launches new payments system that lets you send money in seconds https://t.co/BKqn3DwaVL
— George Gammon (@GeorgeGammon) July 20, 2023
Can’t think of anything scarier than this.