Federal Reserve plans to launch digital currency “FedNow” between May and July 2023 – zoohousenews.com
(Natural News) America’s new digital dollar is almost here as the Federal Reserve prepares to launch its “FedNow” program sometime between now and next July.
Brannon Howse spoke to Rebecca Walser about the move, which is currently being tested in anticipation of a full release soon. Here is how the Board of Governors of the Federal Reserve System describes the FedNow service:
“The FedNow service will be available to custodians across the United States and will allow individuals and businesses to send instant payments through their custodian accounts. The service aims to be a flexible, neutral platform that supports a wide range of instant payments.”
“At the most basic level, the service will provide interbank clearing and settlement, allowing funds to be transferred from a sender’s account to a recipient’s account in near real-time and at any time, any day of the year. Custodians and their service providers can build on this fundamental capability to offer value-added services to their clients.”
FedNow service is available 24 hours a day, seven days a week, 365 days a year for immediate processing. End-of-day balances are reported each business day in the Federal Reserve’s accounting records for each participating custodian, while intraday credit is granted on the same terms as other Federal Reserve services. (Related: Remember last spring when the Federal Reserve’s entire payments system crashed due to an “operational error”?)
Enforced digital identification to accompany participation in the new digital currency economy
All of this is being peddled by the Fed as a public convenience and solution to the engineered collapse that will presuppose it. In the end, the masses will be driven into a total surveillance and police state, where people will have to digitally prove their identity in order to participate in this new digital money scam.
“What they’re trying to do is force you to always say who you are and get verified with your digital ID,” Walser Hose explained. “We are already seeing that the credit bureaus in America – TransUnion, Equifax and Experian – have already stated that they have agreed to begin tracking the carbon footprint of your credit scores individually. This is exactly the Chinese playbook 101, and if we don’t wake up to the boiling of the pot, it will be too late.”
The two also discussed how 5G fits into all of this as a means to handle all the digital traffic that will come with the use of the Fed’s new digital currency system. As well as bombarding humans with sound waves used for mind and behavior control, this new paradigm will require 5G towers to keep the system and all of its data running at all times.
“We are now at the point of no return – we have finally reached it,” said Walser. “If we look at the Federal Reserve and look at fiat currency — a currency that isn’t backed by hard assets like the gold standard used to be — you realize we’ve really reached the end of the road — us can’t go on.”
“We really started following an economic theory called MMT in 2008 and 2009: modern monetary theory. It’s a Keynesian economic theory that basically says a country can print as much money as it needs as long as it has the tax authorities to collect enough to pay the interest – you just have to keep servicing the debt and everything will work out Good.”
Watch the full interview at FrankSpeech.com.
The collapse of the current monetary system is in full swing. To stay up to date, visit Collapse.news.
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