FedNow launched in midst of banking crisis, is it a precursor to CBDCs, 'totalitarian' control?

150,956 views Mar 20, 2023 

Richard Werner, Economics Professor and Author of "Princes of the Yen,"

and Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News,

discuss the Federal Reserve's FedNow instant payments system,

and whether it will be used to usher in Central Bank Digital Currencies

(CBDCs), digital tokens issued and controlled by central banks.

Kitco NEWS

Comments....

The global digital currency is slowly unfolding, and our freedom is slowly being lost

The professor is brilliant. I’ve seen him before in a video where he explains

that there is no such thing as a bank deposit (you are loaning to the bank)

and money and how they create money out of thin air I.e no actual

money is transfered when they issue a loan, it’s credit creation.

Please have this professor on more often 

Sounds like this was a fast way to get rid of small and midsize banks.