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| Above, Robert F. Kennedy Jr. |
There comes the beginning of the loss of our financial freedom unless we stop it.
I have blogged about the pitfalls of a digital currency system before.
CNBC posted on March 15:
The Federal Reserve’s digital payments system, which it promises will help speed up the way money moves, will debut in July.
FedNow, as it will be known, will create “a leading-edge payments system that is resilient, adaptive, and accessible,” said Richmond Fed President Tom Barkin, who is the program’s executive sponsor.
The system will allow bill payments, money transfers such as paychecks and disbursements from the government, as well as a host of other consumer activities to move more rapidly and at lower cost, according to the program’s goals.
Participants will complete a training and certification process in early April, according to a Fed announcement.
Robert F. Kennedy Jr. posted a response to this yesterday. I don't see anything in what he said to disagree with.
The 'digital dollar' puts all your money in the hands of the government.They'll be able to....
- Know what's in your accounts and what you buy
- Limit what you purchase and the causes you support
- Take everything away with the click of a button
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