Coming this July... FedNow!

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more. You can visit the forum page to see the list of forum nodes (categories/rooms) for topics.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

From <SLV>'s link:
...
Now the nexus wants to assure that people who have managed to escape these forms of control will be placed under control – by making it so that every transaction they make is known – or put another way, they will make it impossible for anyone to make any transaction without it being known.
...

That is not correct. FedNow is a mechanism that will facilitate (and track) bank to bank transfers just as the ACH system does today. People will still be able to make transactions via cash or paper check (or crypto!?!?) that do not utilize the system.
 
Back
Top Bottom