I believe FedNow lies on the path toward CBDC. FedNow doesn't appear to have garnered much meaningful resistance. Certification of participant institutions began earlier this month.
A number of state legislatures are cranking up opposition to CBDC as well. You're right, over 100 countries are somewhere on the journey to CBDC. A handful ha…
I believe FedNow lies on the path toward CBDC. FedNow doesn't appear to have garnered much meaningful resistance. Certification of participant institutions began earlier this month.
A number of state legislatures are cranking up opposition to CBDC as well. You're right, over 100 countries are somewhere on the journey to CBDC. A handful have already implemented it.
CBDC represents a redefinition of the word "money". It is essentially a programmable token that will be declared "legal tender", thereby forcing merchants to accept it when offered as payment. I think it very likely that government payments such as tax refunds, employee paychecks, and social security benefits will eventually be accessible only via one's personal CBDC account at the central bank (or one of its several branches), thus "nudging" the public into acceptance. CBDC and Digital IDs together represent the complete loss of financial transaction freedom, and therefore the complete loss of personal freedom in general. If implemented successfully, it will literally be "game over".
Catherine Austin Fitts, John Titus, economist Richard Werner, and many others have described the threat posed by CBDC. I think it's our #1 threat. Look for Episode 108 at peakprosperity.com titled "Hello CBDC's, Goodbye Freedoms!", in which Chris Martenson lays out the basics and describes the current implementation status (Note: his presentation style is a little "folksey" but he knows what he's talking about).
I believe FedNow lies on the path toward CBDC. FedNow doesn't appear to have garnered much meaningful resistance. Certification of participant institutions began earlier this month.
A number of state legislatures are cranking up opposition to CBDC as well. You're right, over 100 countries are somewhere on the journey to CBDC. A handful have already implemented it.
CBDC represents a redefinition of the word "money". It is essentially a programmable token that will be declared "legal tender", thereby forcing merchants to accept it when offered as payment. I think it very likely that government payments such as tax refunds, employee paychecks, and social security benefits will eventually be accessible only via one's personal CBDC account at the central bank (or one of its several branches), thus "nudging" the public into acceptance. CBDC and Digital IDs together represent the complete loss of financial transaction freedom, and therefore the complete loss of personal freedom in general. If implemented successfully, it will literally be "game over".
Catherine Austin Fitts, John Titus, economist Richard Werner, and many others have described the threat posed by CBDC. I think it's our #1 threat. Look for Episode 108 at peakprosperity.com titled "Hello CBDC's, Goodbye Freedoms!", in which Chris Martenson lays out the basics and describes the current implementation status (Note: his presentation style is a little "folksey" but he knows what he's talking about).