Tag: Fed Now

Shifting Your Bank Accounts to FedNow Without Your Knowledge

Guest Post by Mary Christine

Lynette exposes the extremely sneaky way banks will nudge us into CBDC’s. Sounds like they will use the “it’s free” dog whistle to lure people into using CBDCs in baby steps. Lynette thinks they probably will throw in some “free” digital money to make it even more attractive. Apparently they are smart enough to know that just shutting down the banking system on a Friday and forcing us into CBDC’s the following Monday would not go over well. This sneaky tactic will probably work quite well.

For those who don’t like video here is the transcript

Shifting Your Bank Accounts to FedNow Without Your Knowledge – by Lynette Zang

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Fed Now . . . and What’s Next

Guest Post by Eric Peters

The “Federal” Reserve – in the usual air-finger-quotes, to emphasize the maliciously disingenuous verbiage, the “Fed” being a conglomeration of private banks that controls the federal government and so, practically everything else, via the issuing of money it creates out of nothing that it loans at interest to the federal government – has up to now been a kind of background evil. Few knew about or understood its machinations – its manipulations – because few had any direct dealings with it.

It was just, you know, the “Fed.”

That is about  to change.

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New Instant Digital Payments System Isn’t a CBDC, Feds Say — But Critics Say It’s Still About Control

Guest Post by Brenda Baletti, Ph.D.

fednow government control digital payment feature

The Federal Reserve wants everyone to know that its new FedNow instant digital payments system, which it plans to roll out in July, is not a central bank digital currency (CBDC).

“The FedNow Service is neither a form of currency nor a step toward eliminating any form of payment, including cash,” the U.S. central banking system said in recently updated statement on its website.

Last week, the Cato Institute, Associated Press and Yahoo all followed with articles echoing the Fed’s position — FedNow is “not a central banking digital currency,” with the articles dedicated to “fact-checking” the assertion.

After reports about FedNow started circulating in November 2022, and after the Fed’s March announcement that the system would launch this summer, bankers, crypto experts and people concerned with personal financial autonomylashed out, arguing that the system is a step toward a CBDC, or at least toward government control over the financial system.

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