September 02, 2022
Federal Reserve Seizes Credit
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
01:50 PM
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1
Correction, Timothy, the Federal Reserve Bank does not have the authority to print money. The fact that it is doing so is unconstitutional but, like so much that is going on these days, is allowed despite its illegality.
Posted by: Bill H at September 02, 2022 06:58 PM (Q7br2)
2
I stand corrected Bill. You're right; they don't have any constitutional authority to do that.
Posted by: Timothy Birdnow at September 03, 2022 10:30 AM (GaIY9)
3
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4
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.
Posted by: Breitling Replica at June 03, 2023 11:49 PM (SUYyh)
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