by Frank Bergman, Slay News:
Democrat President Joe Biden’s administration has declared that the development of digital cash is a “key duty” of the U.S. Federal Reserve.
The Fed and the Biden admin have been reassuring the public that they are not planning on introducing a central bank digital currency (CBDC) in the country.
However, the central bank has also just quietly told Congress that steps leading to a digital dollar are among its “7 key duties.”
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The bombshell admission from the Fed was revealed by Republican Rep. Tom Emmer (R-MN).
Emmer shared a document on X that highlights that the Biden admin views CBDC development as a top priority.
The congressman explained that his office received it as the Fed representatives were in Congress for a presentation.
The document asserts that digital “payment systems” are among the “key duties of the Fed.”
Listed under “key duties” are the development of the CBDC and FedNow – the Federal Reserve’s digital cash payment system.
If you don’t think the Fed is pursuing a CBDC, think again.
The Fed gave this to my staff during a presentation earlier this Congress. They view a CBDC as one of their KEY DUTIES. pic.twitter.com/0LcdWBKk58
— Tom Emmer (@GOPMajorityWhip) March 14, 2024
What caused the alarm is the mention of Automated Clearinghouse and FedNow among the “key duties.”
These payment systems are widely regarded as stepping stones toward a CBDC.
FedNow has also been discussed as a way to link a CBDC to digital ID systems.
The Fed just announced it will introduce its “FedNow” Central Bank Digital Currency (CBDC) in July. CBDCs grease the slippery slope to financial slavery and political tyranny.
While cash transactions are anonymous, a #CBDC will allow the government to surveil all our private…
— Robert F. Kennedy Jr (@RobertKennedyJr) April 5, 2023
