The Fed’s “New” Function of Money: Complete Control
The slave state continues to expand, and it’s getting hard not to notice, especially now that the staged banking collapse has started. That means the Federal Reserve can roll out the total and permanent slave system.
A Federal Reserve white paper has come up with a new function for money. The Federal Reserve Board announced that the Federal Reserve Banks will develop a new round-the-clock real-time payment and settlement service, called the FedNowsm Service, to support faster payments in the United States. That’s ruling class speak for: you will be using a central bank digital currency (CBDC) that we fully control to make sure you remain enslaved to us.
This is a direct response to the threat posed by digital currencies and blockchain. According to one Fed official, “Last summer, the U.S. Treasury recommended that ‘the Federal Reserve move quickly to facilitate a faster retail payments system, such as through the development of a real-time settlement service, that would also allow for more efficient and ubiquitous access to innovative payment capabilities.”‘ We believe this effort requires a proof-of-authority quantum computing based blockchain system.
But there is a fourth function of money: as a means of social control. The centralized monopoly over the functions of money held by sovereign governments and central banks has generated great income and wealth imbalances. Concerns about a lack of central bank performance with respect to financial inclusion, income inequality, economic system stability and the tendency of central banks to intermediate on behalf of large financial institutions supported the creation of cryptocurrency”. -Federal Reserve Docket No. OP – 1670
The Endgame: Central Bank Digital Currency
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The entire banking system was built on the system of slavery. Controlling money is a way to make sure you control the human beings using your money. So what happens if we all say “no” to the CBDC they are going to try to force down our throats?
Article posted with permission from Mac Slavo