Fed now is the camel’s nose under the tent of a central bank digital currency. From Eric Peters at ericpetersautos.com:
The “Federal” Reserve – in the usual air-finger-quotes, to emphasize the maliciously disingenuous verbiage, the “Fed” being a conglomeration of private banks that controls the federal government and so, practically everything else, via the issuing of money it creates out of nothing that it loans at interest to the federal government – has up to now been a kind of background evil. Few knew about or understood its machinations – its manipulations – because few had any direct dealings with it.
It was just, you know, the “Fed.”
That is about to change.
Come July, the Fed will involve itself directly in the affairs of Americans, via Fed Now – a chirpily named etiolation of the “Fed’s” manipulation of the nation’s money supply. The object now isn’t manipulation as much as it is habituation.
To “federal” control over what you are allowed to buy and sell with the digital money it controls. FedNow is the Beta version of what is meant to become the Fed’s Central Bank Digital Currency (CBDC). It is just a matter of getting people used to it. As they got used to wearing Face Diapers. To being fondled as a condition of travel. To election months rather than election day. And so many other such things. All in good time, my pretty, the wicked witch says.
As things have stood since the creation of the “Fed” by the private banks – by the rich men that controlled those banks – using their riches to buy politicians such as Nelson Aldrich (whose daughter married a Rockefeller, who gave birth to politician Nelson Aldrich Rockefeller) the “fed” has controlled the economy via its control of the money used by the economy.
It has used what is styled “inflation” to devalue the buying power of money and so egg-on people to spend it before it buys less. This discourages savings and rewards profligacy, which profits the “Fed” and those close to it via the encouraging of debt-based living, upon which the banks and related institutions feed, via the interest they collect. The end result is a society in which the banks own almost everything that matters, while most people pay interest on debt most of their lives, many of them ending their lives with little to show for it.