The government might have rushed the vaccine, but it hasn’t been rushing its precious new digital payment system.
In fact, its been working on it for years.
The Federal Reserve has been developing a program called FedNow, which is set to launch in just a few months — and it is absolutely terrifying if you value your money and freedom.
The FedNow promotional video essentially explains, via goofy animations, that its main reason for existing is convenience. Convenience to send and receive faster payments, because it takes so long to head to the bank.
The human, tangible way is just so much harder.
The FedNow system is taking applicants beginning next month, and its launching this July.
Glenn jokes that it’s “for your independence, for your freedom, for your security, for your benefit” — and it’s definitely not to introduce central bank digital currency or to track every dime that you spend.
Then he gets serious.
He says, “It’s really important that you stop this dead in its tracks.”
He continues, “Here’s the problem with central bank digital currency: There is no physical cash. There’s even [a physical aspect] with Bitcoin — you can take it on a thumb drive and you stick it in your pocket, or you can move it from one off-ramp to another. Just memorize your seed phrase, that’s all … but it’s yours.”
CBDC is not.
“CBDC is electronic, and it’s ONLY in FedNow. It’s only in the Federal Reserve System.”
Basically, if you give in to FedNow, you will own nothing. You’ll have no privacy.
And according to our overlords, you will love it.
Want more from Glenn Beck?
To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis, and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.