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A New Era of Government Control over Your Money
Are you excited about the upcoming launch of the FedNow program and the digital dollar? Well, hold on to your wallets because this is not the step forward for financial freedom that the government wants you to believe it is. In fact, it’s quite the opposite.
With the FedNow program, the Federal Reserve is making a power move that’s as dangerous as the ones perpetrated by Roosevelt or Nixon. The final nail in the coffin of financial liberty, and it’s happening right under our noses.
The FedNow Service claims to offer safe and efficient instant payment services, but at what cost?
By launching the digital dollar, the government is taking unprecedented control over your money. They’ll be able to track every transaction you make, monitor your spending habits, and even freeze your funds if they deem it necessary.
And let’s remember the participants in this program. The likes of JP Morgan Chase, Mediapolis Savings Bank, and Lakeview Bank are among those that have signed up to participate. Do you really trust these institutions to have your best interests at heart?
The introduction of a digital dollar controlled by the government could limit the growth of innovative technologies like Bitcoin and NFTs.
The digital dollar also raises concerns about privacy and surveillance. With every transaction being tracked and monitored, individuals will have little to no privacy when it comes to their financial transactions.
This is a major invasion of privacy and a violation of our basic human rights.
The FedNow program is a step backward in terms of financial freedom and innovation. By relying on traditional financial institutions to participate, the program limits access to those who are already part of the financial system. This is a major disadvantage to those who are unbanked or underbanked, as they will not have access to the benefits of instant payments.
We cannot solve our financial system’s problems with the FedNow program and the digital dollar. Instead, we need to embrace decentralized technologies and peer-to-peer transactions that offer greater financial freedom, privacy, and security. It’s time for us to take control of our money and demand that the government stay out of our wallets.
