marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
FedNow
11/17/2023
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By Cassie B.
Bank payment processing outages highlight risks of relying on electronic banking
Last week, a number of American banks could not process payments for a few days, leaving some customers in a precarious financial situation as transfers and deposits failed and highlighting the risks of relying on electronic banking. The effects of the outages were far-reaching. Many people’s payroll direct deposits failed, leaving them unable to access […]
07/27/2023
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By Belle Carter
Harbinger of digital financial slavery: Fed launches real-time payments service to sucker-punch private sector purchasing system
The Federal Reserve has recently launched its move to modernize the U.S. payment system with the “FedNow” service that would allow Americans to send and receive funds in seconds, 24 hours a day, seven days a week. The Fed claimed that the said service, which has been worked on since 2019, will take out the […]
07/26/2023
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By Arsenio Toledo
James Grundvig of AMP News calls FedCoin garbage, says the Fed’s CBDC is nowhere near ready
The central bank digital currency (CBDC) being developed by the Federal Reserve, known alternatively either as the FedCoin or the digital dollar, is unlikely to be ready until next year at the earliest. This is according to recent reports regarding the status of the Fed’s development of a CBDC. (Related: Only 16% of Americans would support […]
04/06/2023
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By Arsenio Toledo
Marjorie Taylor Greene rejects Fed’s digital payment system
Republican Rep. Marjorie Taylor Greene of Georgia has rejected the upcoming Federal Reserve-backed central bank digital currency (CBDC) payment system and has called for the United States to return to the gold standard. Greene was responding to news that the Fed was launching its own digital payment system. On Twitter, she shared an article from CNBC […]
03/24/2023
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By Kevin Hughes
Adapt 2030: David DuByne says America’s banking crisis is accelerating the rise of CBDCs – Brighteon.TV
According to David DuByne, the American banking crisis is accelerating the rise of central bank digital currencies (CBDCs). During the March 17 episode of his Brighteon.TV program “Adapt 2030,” DuByne said Americans have seen all of the reasons for the banking industry’s collapse – such as the financial contagion and the liquidity bottlenecks – that […]
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