Federal Reserve Bank Launches Phase One of CBDC This July
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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.
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