Posted on 07/24/2023 10:01:35 AM PDT by truthkeeper
The federal government this month is set to launch FedNow, a “safe and efficient” instant payments service which will allow the Federal Reserve to facilitate payments between bank customers and receive their transaction data.
With FedNow, the Federal Reserve will act as a middleman in transactions between banks and credit unions. Currently, transactions pass through a financial institution called a clearing house, which facilitates the payments. But at the end of this month, the clearing house will instead be the Federal Reserve for many banks.
For example, if John Doe wishes to pay a bill, he would initiate the transaction as he normally would through an end-user platform like his banking app. John’s bank would then send the request to the Federal Reserve, which would notify the recipient’s bank that funds are about to be transferred and would give the go-ahead to John’s bank to release the funds. The Federal Reserve would then take the funds from John’s bank and deposit them in the recipient’s bank. This would all happen in the span of six seconds.
John would be none the wiser that the Federal Reserve had not only just seen his transaction but had conducted it from beginning to end...
(Excerpt) Read more at frontline.news ...
Eliminate cash. Every transaction made will be known to our communist rulers and if they don’t like something we’ve done with our money, we’ll be arrested and put into re-education camps until we “get our minds right”.
“We see you bought a Glock17 and 500 rounds of ammo in 2019. Your financial privileges are suspended until you turn these in to the Capitol Police Office in your city. Thank you. - The Fed”
"Federal Reserve set to oversee bank transactions"
FR: Never Accept the Premise of Your Opponent’s Argument
First, the drafters of the Constitution expressly limited the states to using only gold and silver coin for legal tender, a situation that needs to be redressed imo.
"Article I, Section 10, Clause 1: No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts [emphases added]; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility."
Next, since the drafters of the Constitution gave the power to regulate the value money uniquely to Congress, activist President Woodrow Wilson wrongly ignored first leading Congress to successfully petition the states for an appropriate amendment to the Constitution which would have made the Federal Reserve constitutional instead of unconstitutional imo.
"Article I, Section 8, Clause 5: To coin Money, regulate the Value thereof [emphasis added], and of foreign Coin, and fix the Standard of Weights and Measures;"
Also, since voters have the power to regulate value of money indirectly with their constitutionally enumerated voting power, the scandalous establishment of Federal Reserve wrongly weakened citizen voting power imo.
In fact, the 16th Amendment (16A) weakened the 4th Amendment imo, evidenced by Congress and the non-popularly elected bureaucrats of the Federal Reserve having 16A as an excuse to stick their big noses into our INTRAstate banking accounts.
"4th Amendment: The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized."
"16th Amendment: The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration."
And speaking of intrastate bank accounts, the drafters of the Constitution had considered giving banking powers to Congress, but had rejected the idea because they knew that existing banks in the colonies didn't want the untrusted feds to stick their noses into the banking business.
"It is known that the very power now proposed as a means was rejected as an end by the Convention which formed the Constitution. A proposition was made to them to authorize Congress to open canals, and an amendatory one to empower them to incorporate. But the whole was rejected, and one of the reasons for rejection urged in debate was, that then they would have a power to erect a bank, which would render the great cities, where there were prejudices and jealousies on the subject, adverse to the reception of the Constitution [emphasis added]. — Jefferson's Opinion on the Constitutionality of a National Bank : 1791
The first step to restoring the Constitution to its foundations for 2024 elections is for patriots to primary as many incumbent state and federal lawmakers and executives as they can, except for MTG, Gaetz, others?, since incumbents are not upholding their oaths to protect and defend the Constitution.
Exclusive: Marjorie Taylor Greene ‘Dumbfounded’ GOP Colleagues Will Not Call for Biden’s Impeachment! (6.10.23)
Then after Democratic and Republican patriots support Trump 47 with new Constitution-savvy state and federal lawmakers, Trump can lead the states to repeal 16A so that the crooks that ordinary qualified citizen voters unthinkingly repeatedly elect to federal office will no longer have a tsunami of unconstitutional taxes as incentive to get elected to DC.
"Congress is not empowered to tax for those purposes which are within the exclusive province of the States." —Justice John Marshall, Gibbons v. Ogden, 1824.
“If the tax be not proposed for the common defence, or general welfare, but for other objects, wholly extraneous, (as for instance, for propagating Mahometanism among the Turks, or giving aids and subsidies to a foreign nation, to build palaces for its kings, or erect monuments to its heroes,) it would be wholly indefensible upon constitutional principles [emphases added].” — Justice Joseph Story, Commentaries on the Constitution 2 (1833).
From the congressional record:
”Simply this, that the care of the property, the liberty, and the life of the citizen, under the solemn sanction of an oath imposed by your Constitution, is in the States and not in the federal government [emphases added]. I have sought to effect no change in that respect in the Constitution of the country.” —John Bingham, Congressional. Globe. 1866, page 1292 (see top half of third column)
Democrats Are Terrified Of An Educated And Informed Public (3.12.23)
Along with repealing 16A, the 17th Amendment (17A; popular voting for federal senators) can disappear too.
In fact, if the amendment to repeal 16&17A is strictly limited to repealing those amendments, then arguably little, or ideally no discussion would be needed before repeal amendment was ratified.
The definition of insanity is reelecting your beloved career state and federal lawmakers and executives over and over again, expecting those same politicians to find remedies for unconstitutional government policies every time.
Patriots, let's not allow ourselves to be fooled for a third time in 2024.
Well, how very Big Brother of them.
How many more tax dollars will this cost?
How many days before this blows up in it’s first Disaster?
“Last month my sister was standing in a grocery line behind a person who presented a check to the young cashier. He had to call a supervisor for help because he had never seen a check before and did not know what to do with it.”
Used to pay by check at a liquor store. Check was on my “vice” account used it for things like booze and other stuff so I could keep track of that kind of spending.
Anyway store would get a new employee and I was usually the fist to pay by check for the new hire so they had to call the supervisor. I got to be on a first name basis with the supervisor.
BS
WHEN the electrical failure in Pennsylvania spread into OHIO & elsewhere a few years ago——electronic transactions were scrambled.
One Half of the transaction didn’t happen.
Banks had to hire some of the best detectives for that kind of mess they could find——
TO MARRY UP all the halves correctly-—
TOOK THEM OVER A YEAR, IIRC.
WELLS FARGO IN SMALL N NEVADA town tried to HOLD an insurance check on an accident payout....
MAJOR AUTO INSURER...
They tried to tell my neighbor they were going to hold his $14,000 check for 10 days-—”to make sure it will clear the other back”.
He very sharply told the teller-—IT IS DRAWN ON A WELLS FARGO BANK-——— She stuttered & gave him the cash.
LIFE LONG BOOKKEEPER
Pay bills with checks & cash.
NO CELLPHONE
NO ELECTRONIC BANKING
NOT the greatest on a computer.
People on the fringes of this valley are OFF THE GRID
FED LAW REQUIRES THEM TO DO SO.
FOR ALL DEBTS—PUBLIC & PRIVATE—— ON THE BILLS
Go to an Apple Store and tell them that.
So, if I wire money to buy some gold or silver, Uncle Sam’s got his eyes on that transaction and making note(?)
I don’t think it will. I am very suspicious about it.
I think its a control thing. I remember when Canada froze bank accounts of people who donated to the truckers.
It would be nice to trust our federal government, but I keep trusting them less as I age.
We don’t have a choice. It is bank to bank.
And I don’t think banks have a choice either.
No they wouldn't. I was at a burger place and My Total came to $11.05 so I gave the cashier a $20.00, a $1.00 and a Nickel.
The kid had already keyed in the $20.00 and got this look of confusion and stupidity on her face when I slid the $1.05 towards her on the counter.
After looking at Me and the cash register a few times I realized she was completely confused so I said "You can just give Me a $10.00 bill for My change.
She then turned around and asked the Manager what to do. She thought I was trying to pull a trick on her and had to get the Manager to tell her that it was ok to give Me the $10.00 bill for My change.
They do not teach Math in skruuol anymore.
Location, Location, Location
I’ve done similar many times
Almost always the same reaction
(Start using cash.)
I agree 👍.
BUT governments all around the world 🌎🌍 will eliminate cash.
Just my prediction......
When the Mark of the anti-Christ Beast comes, everything will already be Digital.
With Direct Deposit, Credit Cards 💳 💳 💳 and Debut Cards 💳💳💳 we’re almost already there.
Phone 📱📱📱 Payments, PayPal, Gift Cards.....etc.
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