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FedNow: Gateway to CBDC
00:02:36
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| Founded by David Rockefeller, the Trilateral Commission has been an arm of the globalist deep state since 1973. | |
| Last week at their annual meeting, a speaker who cannot be identified according to commission rules said that we are now in a period of structural inflation that will last for decades. | |
| They said that the free market is over and industry now sets policy. | |
| And they said that this year, 2023, is year one of this new global order. | |
| Days later, the Federal Reserve Bank announces a July launch for their new FedNow service, which was first announced in October of 2021. | |
| The two big to fail banks and all the large processors are already on board, and so is the U.S. Treasury. | |
| The first week of April, the Federal Reserve begins the FedNow pilot program for early adopters to become certified participants to help the Fed confirm readiness for their July launch. | |
| FedNow is an instant payment processing system that seeks to be the base of all digital transactions, acting as an umbrella company to manage all financial payments. | |
| This has been shown to be the gateway to a central bank digital currency, CBDC. | |
| FedNow is much like the Reserve Bank of India's instant payment system, the Unified Payments Interface, or UPI. | |
| UPI has had huge success in converting rural communities into a complete cashless society. | |
| According to the International Monetary Fund, UPI democratized the payment system and paved the way for central bank digital currencies. | |
| Central bank instant payment processing is also how the Central Bank of Nigeria introduced its CBDC, INIRA, which has been, so far, violently rejected. | |
| Reporting for InfoWars, this is Greg Reese. | |
| Be sure to go to Reesreport.com to see my latest videos, sign up for my free newsletter, and subscribe for exclusive content. | |