Republican Rep. Marjorie Taylor Greene of Georgia has rejected the upcoming Federal Reserve-backed central bank digital currency (CBDC) payment system and has called for the United States to return to the gold standard.
Greene was responding to news that the Fed was launching its own digital payment system. On Twitter, she shared an article from CNBC announcing that the payment system, “FedNow” would be launched in July.
“We should go back to the gold standard, not digital currency payment systems,” wrote Green on her Twitter account. “Hard pass.” (Related: Ron DeSantis to introduce legislation in Florida prohibiting the use of CBDCs in the state.)
Greene’s negative opinion of the Fed’s attempts to create a digital payment system, which they believe will pave the way for the eventual adoption of a CBDC, has been gaining traction among other members of Congress as well as their constituents.
Her statement also comes as many major economies around the world shift away from their reliance on the U.S. dollar and invest more in gold.
The U.S. only got off the gold standard in 1971, when former President Richard Nixon brought an end to the World War II-era Bretton Woods financial-economic system and transformed the international monetary system into a fiat-based one.
FedNow could give federal government control over how people spend their money
According to Federal Reserve Bank of Richmond President Tom Barkin, FedNow will create “a leading-edge payments system that is resilient, adaptive and accessible.” Barkin also serves as the program’s main executive sponsor.
The FedNow program will allow bill payments and money transfers such as paychecks and disbursements from the government. The FedNow program will also allow a whole host of other consumer activities that the Fed claims can be conducted more rapidly and at lower cost to the consumer.
The Fed further claimed that the FedNow system will be more convenient because participating institutions will have seven-day, 24-hour access to the system, as opposed to regular banking and payment systems that close on weekends.
The first participants of the FedNow program will complete a training and certification process by early April in preparation for the July launch.
“With the launch drawing near, we urge financial institutions and their industry partners to move full steam ahead with preparations to join the FedNow Service,” said Ken Montgomery, first vice president of the Federal Reserve Bank of Boston and another program executive of FedNow.
Other program advocates claim the FedNow system will be able to get money out to people much more quickly, including government handouts like the payments issued to most of the population in the early days of the Wuhan coronavirus (COVID-19) pandemic.
But critics of the program warn that FedNow could effectively give the federal government control over how people spend their money.
“A CBDC tied to digital ID and social credit score will allow the government to freeze your assets or limit your spending to approved vendors if you fail to comply with arbitrary diktats, i.e. vaccine mandates,” warned Robert F. Kennedy Jr. “CBDCs grease the slippery slope to financial slavery and political tyranny.”
“While cash transactions are anonymous, a CBDC will allow the government to surveil all our private financial affairs,” added Kennedy. “The central bank will have the power to enforce dollar limits on our transactions, restricting where you can send money, where you can spend it and when money expires.”
Watch this clip of Glenn Beck speaking with author Justin Haskins about how the Federal Reserve’s FedNow program will ultimately end with the introduction of a CBDC.
This video is from the channel High Hopes on Brighteon.com.
More related stories:
- Tennessee passes bill authorizing state treasurer to buy, sell and stockpile gold and silver.
- Inflation remains a problem for middle- and lower-income Americans as Biden’s Federal Reserve keeps raising interest rates.
- State legislatures are sneakily introducing amendments to laws that would pave the way for CBDC domination.
- Demand for gold surges to highest rate in over a decade as world’s central banks continue buying spree.
- HYPOCRISY: Federal Reserve warns banks against using crypto while planning to develop its own digital currency.
Sources include:
Coffee the Christian way: Promised Grounds
Independent Journalism Is Dying
Ever since President Trump’s miraculous victory, we’ve heard an incessant drumbeat about how legacy media is dying. This is true. The people have awakened to the reality that they’re being lied to by the self-proclaimed “Arbiters of Truth” for the sake of political expediency, corporate self-protection, and globalist ambitions.
But even as independent journalism rises to fill the void left by legacy media, there is still a huge challenge. Those at the top of independent media like Joe Rogan, Dan Bongino, and Tucker Carlson are thriving and rightly so. They have earned their audience and the financial rewards that come from it. They’ve taken risks and worked hard to get to where they are.
For “the rest of us,” legacy media and their proxies are making it exceptionally difficult to survive, let alone thrive. They still have a stranglehold over the “fact checkers” who have a dramatic impact on readership and viewership. YouTube, Facebook, and Google still stifle us. The freer speech platforms like Rumble and 𝕏 can only reward so many of their popular content creators. For independent journalists on the outside looking in, our only recourse is to rely on affiliates and sponsors.
But even as it seems nearly impossible to make a living, there are blessings that should not be disregarded. By highlighting strong sponsors who share our America First worldview, we have been able to make lifelong connections and even a bit of revenue to help us along. This is why we enjoy symbiotic relationships with companies like MyPillow, Jase Medical, and Promised Grounds. We help them with our recommendations and they reward us with money when our audience buys from them.
The same can be said about our preparedness sponsor, Prepper All-Naturals. Their long-term storage beef has a 25-year shelf life and is made with one ingredient: All-American Beef.
Even our faith-driven precious metals sponsor helps us tremendously while also helping Americans protect their life’s savings. We are blessed to work with them.
Independent media is the future. In many ways, that future is already here. While the phrase, “the more the merrier,” does not apply to this business because there are still some bad actors in the independent media field, there are many great ones that do not get nearly enough attention. We hope to change that one content creator at a time.
Thank you and God Bless,
JD Rucker
