September 02, 2022
Federal Reserve Powergrab over Credit Cards
Cindy Schumacher
The Federal Reserve Bank plans to launch a new settlement system called FedNow by next summer. While it’s not blockchain-based, like cryptocurrency, it would route credit and debit card transactions through the Fed—meaning instant government records of card purchases.
See more here.
Tim adds:
This is outside the mandate of the Federal Reserve, which is a quasi-private bank with the authority to print money. But they have no authority to take over credit reporting or anything to do with credit. It's mission creep, and it will further squeeze the rights of Americans to be free of government interference.
This has the sulphurous stench of the Mark of the Beast, if you ask me.
The Federal Reserve Bank plans to launch a new settlement system called FedNow by next summer. While it’s not blockchain-based, like cryptocurrency, it would route credit and debit card transactions through the Fed—meaning instant government records of card purchases.
See more here.
Tim adds:
This is outside the mandate of the Federal Reserve, which is a quasi-private bank with the authority to print money. But they have no authority to take over credit reporting or anything to do with credit. It's mission creep, and it will further squeeze the rights of Americans to be free of government interference.
This has the sulphurous stench of the Mark of the Beast, if you ask me.
Posted by: Timothy Birdnow at
12:56 PM
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1
How about a program titled "Fed Never?" I think I'd like that better.
Posted by: Dana Mathewson at September 03, 2022 09:56 PM (FSK6u)
2
Me too Dana.
Posted by: Timothy Birdnow at September 04, 2022 08:46 AM (82Mq6)
3
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Posted by: Kanpur Matka at September 20, 2022 12:27 AM (VgBQg)
4
The problem with the many different types of payments is that it can be difficult to predict which ones will be successful and which ones will not. Still, I am going to solve my Card Payment Issues by using their platform. You need to choose a payment method that you are confident will work for you.
Posted by: SethTweddle at September 30, 2022 02:11 PM (IeWVa)
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