FedNow & Preparing for a Central Bank Digital Currency

Subtle Rampage Podcast Ep. #23 (Released May 20th, 2023)

The U.S. Federal Reserve is dropping their new instant payments system FedNow in July of this year. People are claiming this will change the U.S. dollar forever, and some are worried that it may lead to a central bank digital currency in this here "land of the free."

Resources:

U.S. Federal Reserve Links- https://www.federalreserve.gov/cbdc-faqs.htm

https://www.frbservices.org/financial-services/fednow/about.html

https://www.federalreserve.gov/paymentsystems/fednow_faq.htm

https://www.federalreserve.gov/faqs/is-fednow-replacing-cash-is-it-a-central-bank-digital-currency.htm

What is Programmable Money? - https://www.federalreserve.gov/econres/notes/feds-notes/what-is-programmable-money-20210623.html

CBDCs in Other Countries - https://www.atlanticcouncil.org/blogs/econographics/which-countries-have-made-the-most-progress-in-cbdcs-so-far-in-2023/

https://www.atlanticcouncil.org/cbdctracker/

Related SD Bill - https://sdlegislature.gov/Session/Bill/23995

Gov. Kristi Noem's Veto Letter - https://governor.sd.gov/doc/HB-1193_Veto-Letter.pdf

Related TN Bills - https://wapp.capitol.tn.gov/apps/BillInfo/Default.aspx?BillNumber=SJR0034 https://wapp.capitol.tn.gov/apps/BillInfo/Default.aspx?BillNumber=HB0316

Tennessee Stands Video - https://rumble.com/v2cztn6-table-is-being-set-in-tennessee-for-central-bank-digital-currency-cbdc..html