Greg Reese Report - Federal Reserve Bank Launches Phase One of CBDC This July
Aired: 2023-03-17
Duration: 02:42


=== FedNow: Gateway to CBDC (02:36) ===

[00:00:06]  Founded by David Rockefeller, the Trilateral Commission has been an arm of the globalist deep state since 1973.
[00:00:14]  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.
[00:00:28]  They said that the free market is over and industry now sets policy.
[00:00:33]  And they said that this year, 2023, is year one of this new global order.
[00:00:40]  Days later, the Federal Reserve Bank announces a July launch for their new FedNow service, which was first announced in October of 2021.
[00:00:52]  The two big to fail banks and all the large processors are already on board, and so is the U.S. Treasury.
[00:01:01]  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.
[00:01:15]  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.
[00:01:27]  This has been shown to be the gateway to a central bank digital currency, CBDC.
[00:01:33]  FedNow is much like the Reserve Bank of India's instant payment system, the Unified Payments Interface, or UPI.
[00:01:43]  UPI has had huge success in converting rural communities into a complete cashless society.
[00:01:50]  According to the International Monetary Fund, UPI democratized the payment system and paved the way for central bank digital currencies.
[00:02:00]  Central bank instant payment processing is also how the Central Bank of Nigeria introduced its CBDC, INIRA, which has been, so far, violently rejected.
[00:02:13]  Reporting for InfoWars, this is Greg Reese.
[00:02:32]  Be sure to go to Reesreport.com to see my latest videos, sign up for my free newsletter, and subscribe for exclusive content.