FED-NOW PAYMENT SYSTEM BEGINS MAY 2023

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2 years ago
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THIS IS NOT MEANT TO SCARE YOU BUT PREPARE YOU!!
God will guide and protect his children through this. The more awareness the better.
I believe we have about 1-2 years before the complete take over of the monetary system and connecting it to your digital id biometric data and your social credit score.
If you need to do things to prepare for this time coming you need to do it now!!!

The last time our economy took a dive the banks were bailed out with our taxes through the government.
That will not happen this time because the banks will be bailed out by the depositors.

What this new law change means is the
“LEGAL” status of US and other customer bank deposits within the G20 nations, placing them on par with many unsecured paper investments. Now more than ever, if you give your fiat currency to a bank, it is your responsibility to know the solvency of the bank you chose. This is called a BALIN
G20 to Change Status of Bank Accounts = Investments
https://www.armstrongeconomics.com/uncategorized/g20-to-change-status-of-bank-accounts-investments/

From Bail-out to Bail-in: Mandatory Debt Restructuring of Systemic Financial Institutions

https://www.imf.org/external/pubs/ft/sdn/2012/sdn1203.pdf

Most people are too busy with their day to day lives to know about the real G20 Bank Bail-In threat to their potential big bank saving.
They will be Decimating the dollar and traditional banking systems. Turning to a digital system.

Federal Reserve Board announces pricing, effective January 3, 2023, for payment services the Federal Reserve Banks provide to depository institutions, such as the clearing of checks, ACH transactions, and wholesale payment and settlement services

https://www.federalreserve.gov/.../pre.../other20221103a.htm

The fednow System will be Taking over ALL Debit/Credit Card transactions.
After it gets established something will occur so they can implement basic income/CBDC Social Credit System (CSQR-SM)
Federal Pandemic Aid Funds Universal Basic Income Pilot Programs

https://www.technocracy.news/federal-pandemic-aid-funds-universal-basic-income-pilot-programs/

So… if a large bank fails in the US, the FDIC steps in and takes over, replacing management,
and works to shrink the bank by writing-down liabilities and converting debt into equity.
In other words…
any liability at the bank is in danger of being written-down should the bank fail.
And guess what?
Deposits are considered liabilities according to US Banking Law and depositors are creditors.
Are you ready for a central bank digital currency here in the States?
Well, regardless of whether you are ready or not, the Federal Reserve has announced that next July 2023
The first half of the US CBDC is coming online in 2023 called FedNow...
Built to replace ACH transfers and bank to bank payments it will takeover payroll payments, utility payments, credit card payments and others via digital instant payments…

Today's Central Bank Digital Currencies Status

https://cbdctracker.org/

This will include all direct deposits to people from the Federal government.
I would "assume" that all future direct payments to people from the Federal government will start sometime between May and July 2023.
Current ACH payments take 2-4 days.
(they will say this is good- but give them total control)
Under CBDC, it will be instant. Speed-up. Full control at anytime. (Which means they can remove it instantly too)
"Fednow" "Wholesale" is the bank to bank system being rolled out.
"Fednow" will be used for the coming "UBI" system. Universal Basic Income.
The one for citizens is called "Retail" will come later on next year. Date to be determined once first phase comes online as of now.
"Fedcoin" will be the "Retail" version of CBD for people.
It is an instant blockchain system built upon XRP Ripple technology, system which they call "Volante".

Volante Technologies

https://www.volantetech.com/

XRP Ripple is partnered with the World Economic Forum.

https://blocknews.com/world-economic-forum-confirms-ripple-as-an-official-partner/

'New capabilities such as programmability, composability and tokenisation …
can be built on top of CBDCs, fast payment systems and associated data architectures'

****FDIC Transparency with Bank Bail-in Systemic Resolution Advisory Committee 11-9-22

https://rumble.com/v24wbl0-fdic-systemic-resolution-advisory-committee-11-9-22.html

FedNow to launch by mid-2023, Fed official says

https://www.paymentsdive.com/news/fednow-federal-reserve-bank-instant-payments-real-time-CBDC/630059/

Federal Reserve updates FedNow Service timing to mid-2023, marks beginning of full-scale pilot testing

https://www.federalreserve.gov/.../pre.../other20220829a.htm

FedNow aims for September testing

https://www.paymentsdive.com/.../federal-reserve.../630789/

Federal Register notice: Federal Reserve Bank Services

https://www.federalreserve.gov/.../files/other20221103a1.pdf

Federal Reserve Announces FedNowSM Service Pricing Approach, Credit Transfer Limit

https://www.frbservices.org/news/press-releases/012722-fednow-pricing-announcement

FedNow gives fee holiday in 2023

https://www.bankingdive.com/.../fednow-federal.../635933/

The Federal Reserve Bank of Boston announces collaboration with MIT to research digital currency

https://www.bostonfed.org/news-and-events/press-releases/2020/the-federal-reserve-bank-of-boston-announces-collaboration-with-mit-to-research-digital-currency.aspx

Digital Currency Initiative at MIT

https://dci.mit.edu

Digital Currency Initiative MIT

https://www.media.mit.edu/groups/digital-currency-initiative-dci/overview/

One Bank Research Agenda February 2015

https://www.bankofengland.co.uk/-/media/boe/files/research/one-bank-research-agenda---summary.pdf?la=en&hash=B2C820FBF6A960C4A625C2DAB5B5B6CE4FEDF120

Project Hamilton - building a hypothetical central bank digital currency

https://dci.mit.edu/project-hamilton-building-a-hypothetical-cbdc

DTCC BUILDING INDUSTRY'S FIRST PROTOTYPE TO SUPPORT DIGITAL U.S. CURRENCY IN THE CLEARING & SETTLEMENT PROCESS AS PART OF DIGITAL DOLLAR PROJECT EFFORT

https://www.dtcc.com/news/2022/april/12/dtcc-building-industrys-first-prototype-to-supports-digital-us-currency

Beware of Bank Bail-ins - A Bail Out Using Your Money

https://rumble.com/vt58p9-beware-of-bank-bail-ins-a-bail-out-using-your-money.html

Bank Bail-in Laws Since the end of 2014, new G20 Bank Bail-In Laws have been signed and put into supra-national law.
Average bank depositors are now legally treated as unsecured creditors even in the largest economies of the world. Form 424B2 BARCLAYS BANK PLC

https://www.streetinsider.com/SEC+Filings/Form+424B2+BARCLAYS+BANK+PLC/19376567.html

LEGALIZED BANK BAIL-INS

https://sdbullion.com/legalized-bank-bail-ins

New G20 Rules: Cyprus-style Bail-ins to Hit Depositors AND Pensioners

https://www.resilience.org/stories/2014-12-02/new-g20-rules-cyprus-style-bail-ins-to-hit-depositors-and-pensioners/

'Legalized' G20 Bank Bail-In Laws

https://ncrenegade.com/legalized-g20-bank-bail-in-laws/

H.R.4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act

https://www.congress.gov/bill/111th-congress/house-bill/4173

New Financial Crisis Laws: Bank Bail-ins, Money Market Freeze

https://sdbullion.com/blog/new-financial-crisis-laws

Why Bank Bail-Ins Will Be the New Bailouts

https://www.investopedia.com/articles/markets-economy/090716/why-bank-bailins-will-be-new-bailouts.asp

New Financial Crisis Laws: Bank Bail-ins, Money Market Freeze

https://sdbullion.com/blog/new-financial-crisis-laws

Can banks legally confiscate your deposits without your permission?

https://moorejustinmusic.com/students-life/can-banks-legally-confiscate-your-deposits-without-your-permission-to-bail-themselves-out/

Bank deposit Bail In law is biggest threat to average USA

https://www.investmentwatchblog.com/bank-deposit-bail-in-law-is-biggest-threat-to-average-usa-g20-savers-hsbcs-james-steel-gold-is-a-highly-regarded-asset/

Central Bank Digital Currency (CBDC)

https://www.media.mit.edu/projects/central-banks-and-digital-currency/overview/

Central Bank Digital Currency (CBDC): In-Depth Guide

https://research.aimultiple.com/cbdc/

What Is a CBDC?

https://www.kogocrypto.com/what-is-a-cbdc/

ECB publishes white paper on its own crypto currency

https://21-btc.club/ecb-publishes-white-paper-on-its-own-crypto-currency/

CBDC Technology Considerations

https://www3.weforum.org/docs/WEF_CBDC_Technology_Considerations_2021.pdf

ECB publishes white paper on its own crypto currency

https://21-btc.club/ecb-publishes-white-paper-on-its-own-crypto-currency/

IMF recommends CBDC and global crypto standards for financial stability

https://uptodatecryptonews.com/imf-recommends-cbdc-and-global-crypto-standards-for-financial-stability/

Bank 4.0 and the Future of Financial Services

https://rumble.com/vpoh89-bank-4.0-and-the-future-of-financial-services.html

CBDC Digital Currency to Track Everything

https://rumble.com/vpogi3-cbdc-digital-currency-track-everything.html

The digital identity push under the ‘great reset’ agenda risks enabling an authoritarian social credit system on a global scale: perspective

https://sociable.co/technology/your-digital-identity-used-against-you-great-reset/

‘Cash Is Disappearing,’ BOE Official Says Building Case for CBDC

https://www.bloomberg.com/news/articles/2021-11-22/-cash-is-disappearing-boe-official-says-building-case-for-cbdc

Resolving Globally Active, Systemically Important, Financial Institutions

https://www.fdic.gov/about/srac/2012/gsifi.pdf

The New Banking Crisis — In Two Frightening Graphs

https://wallstreetonparade.com/2016/09/the-new-banking-crisis-in-two-frightening-graphs/

original link found on fakebook

https://www.facebook.com/brian.mitchell.3158/videos/1745988202435778

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