Moving toward cashless and digital currency; FedNow experts say it’s the next step

Revelations 18:9-11 “The kings of the earth who committed fornication and lived luxuriously with her will weep and lament for her, when they see the smoke of her burning, 10 standing at a distance for fear of her torment, saying, ‘Alas, alas, that great city Babylon, that mighty city! For in one hour your judgment has come.’ 11 “And the merchants of the earth will weep and mourn over her, for no one buys their merchandise anymore

Important Takeaways:

  • The Dollar’s Demise — It’s an Inside Job!
  • You’ve heard about FedNow, right? Scheduled for a nationwide launch in July, FedNow is the government’s first new banking platform in over 40 years.
  • Andrew Zatlin — a world-renowned economic forecaster — believes…“FedNow’s highest purpose is to kill the U.S. dollar as a fiat (paper) currency,”
  • The Federal Reserve’s own description of its era-defining banking platform:
    • FedNow is an instant payment service that will operate around the clock…allowing business and individuals to send and receive instant payments.”
  • The chatter among insiders is both loud and alarming.
  • FedNow is the precursor to a U.S.-backed central bank digital currency (CBDC) — a.k.a. FedCoin.
  • See, in order for a (future) FedCoin to function properly, it must run on a real-time network — one that can process upwards of 1.7 million transactions per second, with 99 percent of all transactions settling in under a second.
  • That means FedNow must precede FedCoin.
  • The Fed’s digital-only dollar comes equipped with an on/off switch, thus giving the government virtually unlimited control over our lives.

Read the original article by clicking here.