Free FedNow Survival Kit Inside

Written By Alexander Boulden

Updated February 13, 2024

In just 10 days, the Federal Reserve is set to launch its new payments system called FedNow.

If you haven’t heard of it, you’ll be hearing a lot more about it very soon.

In theory, FedNow is a real-time payment service that allows individuals and businesses to send and receive payments instantly, 24 hours a day, seven days a week, 365 days a year.

According to the Fed, this service is designed to provide a safe, efficient, and ubiquitous payment system that can process payments in real time.

Although it’s similar to other payment systems like PayPal and Venmo, it’s not set to replace them just yet.

FedNow's goal is to improve the speed and efficiency of the U.S. payment system, reduce the time it takes to clear and settle payments, and provide consumers and businesses with more choices and flexibility in how they spend money and get paid. Individuals and businesses can send and receive funds instantaneously, even outside of regular banking hours and on weekends and holidays.

Sounds pretty good, right?

I’d argue there’s a benefit to taking a break from the money game once in a while, but in this world of instant gratification, banks and businesses can’t even wait a day for a check to clear anymore.

And wasn’t this exactly what crypto was supposed to be used for? I guess we can all kiss Bitcoin goodbye.

Now, many early adopters will begin using the service in July, including financial institutions of all sizes, large processors, and even the U.S. Treasury.

The president of the Federal Reserve Bank of Richmond said, "With the FedNow Service, the Federal Reserve is creating a leading-edge payments system that is resilient, adaptive, and accessible. The launch reflects an important milestone in the journey to help financial institutions serve customer needs for instant payments to better support nearly every aspect of our economy."

However, if the system doesn’t bring more users online (a lot of people distrust the Fed right now), it could go belly-up in no time.

Many currency experts are saying this is just another stage of the impending death of the dollar.

Here’s why and what you should do about it…

The End of the Greenback?

Experts are saying this truly is the end of the greenback’s life cycle as a currency.

The argument makes sense, especially with all the evidence piling up.

First we had negative rates that punished savers.

Then we had runaway inflation that ate away at purchasing power.

Now we have sky-high interest rates and bank failures.

The question now is… How much longer can the Fed and those in power manipulate the money system before it doesn’t work anymore?

And that’s exactly where FedNow comes in.

Setting up an electronic payments system opens the door for the Fed to manipulate the currency even further.

Many believe it's setting the stage for something like a central bank digital currency (CBDC).

There’s no requirement to join FedNow… yet.

But once the dollar is no longer worth anything, we won't have a choice.

Speaking of purchasing power, check out this infographic detailing the dollar's downfall…

greenback

It shows that since the Federal Reserve Act created a central bank, the dollar’s value has continued to plummet.

Maybe it’s just the natural life cycle of a currency.

Whatever is going on, we all know firsthand that the dollar's purchasing power is essentially nonexistent.

And once the dollar dies, the Fed’s going to need a replacement, i.e., a "FedCoin."

Make a Plan Now

Sure, FedNow will let you transfer or receive any amount of money to or from anybody instantly…

But there’s a catch.

It will also give the government TOTAL access to your bank accounts, purchase history, sensitive financial information, and more.

Look, all signs point to the fact that the government is planning a full-scale rollout of a digital currency…

Which will give Biden and his cronies complete control over every aspect of your life.

You can kiss your freedoms goodbye.

That’s why it’s extremely important that you prepare yourself NOW…

Scottish hedge fund manager Hugh Hendry posted an interview on Twitter citing his fears. He said, "My fear — and I do not say this lightly… I can actually conceive of a federal or Treasury rule coming in and saying, 'For the next 180 days, you can’t pull your money out of the banking sector.'"

That's because FedNow effectively makes the U.S. dollar “illegal tender” — and replaces it with a dangerous new form of currency.

If you have money in the bank, a retirement account, or especially in the stock market, you MUST take action now.

That's why we've created a special package for our readers today, which includes a FREE step-by-step FedCoin survival kit.

It starts with three simple steps you need to take to protect your money and your freedom today.

Stay frosty,

Alexander Boulden
Editor, Wealth Daily

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After Alexander’s passion for economics and investing drew him to one of the largest financial publishers in the world, where he rubbed elbows with former Chicago Board Options Exchange floor traders, Wall Street hedge fund managers, and International Monetary Fund analysts, he decided to take up the pen and guide others through this new age of investing.

Alexander is the investment director of Insider Stakeout — a weekly investment advisory service dedicated to tracking the smartest money on the planet so that his readers can achieve life-altering, market-beating returns. He also serves at the managing editor for R.I.C.H. Report, a comprehensive service that uses the highest-quality investment research and strategies that guides its members in growing their wealth on top of preserving it.

Check out his editor’s page here.

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