The Americans launched Fed Now

The Americans launched Fed Now, a payment system similar to Pix, and with that, conspiracy theories began, right? Could this be a warm-up for the digital dollar? Is this so feared? Single global currency, but leaves the end of justice.

This post is to explain everything that is known so far about Pix in the United States and the consequences of this project.

Your jaw will drop at what governments are up to and how this will completely change the way people will carry out financial transactions around the world, including you.

So let’s understand what this Fed Now audio is? The dollar is the global reserve currency and the most used in negotiations around the world, right? Gasoline, streets, fertilizers, bitcoin, everything is priced in dollars and then converted into the local currency, it is the global monetary standard.

If the dollar becomes a central bank digital currency, a CBDC could be the missing step towards the much-feared single global currency.

For those who don't know, the Federal Reserve is the most powerful central bank in the world because it controls the currency that the entire world uses and demands.

But there's nothing federal about the Federal Reserve and it doesn't have in its reserves the backing of all the dollars it should.

About the Fed, the Fed is a unique public-private structure in which a cartel of bankers operates within the American government, but which claims to be independent of the government to isolate the central bank from political pressures in carrying out its various functions.

Which is beautiful in theory, but in practice it obviously doesn't happen, right? Not in the United States and not in any country in the world.

In other words, physical money was never real, it was just paper backed by politics and debt.

And then, with the Fed Now project, these same structures will continue to coordinate.

And by centralizing the payments system, guess where the Fed is getting its inspiration from to implement the Fed? On our incredible and wonderful Pix.

Contains irony, Pix is ​​a Brazilian system for fast transactions globally, known as RTPE, which has grown the most globally.

This system processes twice as many real-time transactions per capita as India, which is known for having advanced payment banking systems.

Take a look at the size of the business less than 2 years after implementation, Pix already processes the vast majority of B2B payments.

More than 75% of the adult population has already sent or received a payment via Pix.

The system processes around $250 billion in payments per year between consumers and merchants, equivalent to more than 40% of card volume and 20% of total consumer spending.

It's a lot, right? Americans are keeping an eye on this growth that was supported by 3 pillars, first, fast and cheap infrastructure.

The Pix system offered a very fast and free infrastructure for the majority of users and was coordinated with the entire banking and fintech system. 2 coordination with banks, the central bank required any financial institution with more than 500,000 users to offer Pix at launch.

No, you offered, right? It was forced, everyone had to offer. Third, accelerated adoption with the help of fintechs, so the growth of Pix coincided with the acceleration of digital banks, such as Nubank and Inter, which jostled to insert Pix and steal customers from banks.

These digital banks don’t have physical branches, right? And they can be great spokespeople for other centralized digital products, like Pix and, possibly in the future, drax too, right? So, most likely, the Fed will take note.

All of this and grafting whatever makes sense into your system will create free mechanisms for the end user and force the entire fintech banking system to participate.

To make the system more efficient, that is, centralization and the power of central banks over people tends to become increasingly greater, right? The point of divergence between Pix and Fed Now is that the American system will not start by being offered to the population first.

As Pix was, it will initially be offered to Fed system banks.

If Pix evolved as a front end solution, right? For Brazilian consumers, Fed Now will be launched as a back end network available to banks at a low operational cost.

So, right? It will launch Fed Now and unify the banking system first and then, through a CBDC, create an easy and cheap mechanism for the final population.

Okay, so how will the American system work? What is known is that Fed Now will follow ISO 20022, an international standard for financial messages and data, developed by the International Organization for Standardization. That's it, right? It is an international standard for financial communication so that all countries speak the same language and financial systems can connect more easily.

It's open banking, right? Much talked about here in Brazil.

But in the now global version, it will also be a kind of master account between banks, which operates 24 hours a day, 7 days a week and allows instant transactions.

The system also comes coupled with ways to veto transactions that they call data security and fraud prevention tools.

The curious thing is that, in 2019, when the idea of ​​Fed Now was launched, the big banks were completely against it. Now they all are.

From the pilot, it's interesting, there are already 110 banks participating, like JP Morgan and Wells Fargo, right, which are big banks in the United States? And what made these big banks change their minds? More money will start passing through the banks. Obvious, right? Fed Now, like Pix, will also leverage the existing main account of banks participating in the central bank, while the current wire system requires banks to have a separate account specifically for settlement. Hdez, right? At cleous.

And for final settlements, that is, large banks will now have more agility and larger volumes to operate directly with the central bank and that is everything a bank likes.

The problem will be for small banks, right, which were already suffering from the liquidity crisis caused by the rise in interest rates in the United States and now Fed Now will centralize operations in larger banks, such as JP Morgan.

As I mentioned in addition, to participate, banks need to integrate with Fed Now to offer access to their customers.

In this, they have to develop technology, control.

Fraud, connecting to multiple systems, which is a much more expensive process, right? Large banks will likely build this connection, but smaller banks may not have the resources to develop it all.

So, so quickly, right? Naturally, the Fed is creating even more centralization within itself and giving more power to the banks, which are already consolidated in the market.

It's a trial for a CBDC, right? A digital currency for central banks and the future of Fed Now is precisely the digital dollar, right? The digital dollar.

But as if that weren't enough, there is a plan to transform the digital dollar into a CBDC used for final settlements between central banks around the world.

In March 2022, President Joe Biden signed the order to create the American CBDC structure and, since then, a project called Project Cieder has completed the 12-week test period of the so-called phase one, with the aim of sending international dollars between countries, that is, they are doing everything to maintain the dollar as the monetary standard.

They call this wholesale CBDC, CBDC is wholesale and will be used between central banks and banks that make remittances.

So, just look at the path of this monetary bullshit, with the emergence of bitcoin.

Several options were born copying and wanting to compete with it.

Then came central bank digital currencies to prevent bitcoin from growing in adoption and, finally, now CBDCs are competing with each other.

Seeing who creates systems that are used? First, 11 countries have already launched the pilot of their own establishment in this part here in red.

Here in the image you can see who these countries are, 32 countries are developing, right? Its establishment and 46 are researching and beginning this research to, most certainly, soon begin the development of its CBDC as well.

So there are 130 countries involved in digital currency projects, which represents 98% of the total world GDP. In other words, almost all fiat money will become a CBDC, the fiat, centralized and totalitarian version of money.

The side effect of this new system is that it gives banks and governments superpowers that people are not exactly aware of the consequences of.

And if you're reading this so far, that means you're up to date, right? Please, the BIS, which is the central bank of central banks, is creating a system that unifies all CBDCs and makes them interoperable.

So maybe there won't be a single currency per se, right, which many people are saying there will be, but rather a single standard, a single fiat system in which all CBDCs follow the same mechanism.

Fez even has several projects that seek to unify forms of settlement of all CBDCs, which are being created, such as the Dumber project.

This project aims to connect all CBDCs together and this gives the BIS and the entities linked to it power over the financial system around the world.

Not just political powers, but technological powers, which is a great danger, because governments have never had so much power over people, over populations, right? There have been many examples in history of why not trust politicians, presidents, emperors, kings too much, because at some point they will abuse trust.

Government digital currencies give us absolute power to take our money with just the push of a button.

Many people think this is nonsense, difficult to happen, that it is a conspiracy theory that we are exaggerating.

He did this in 1933, they confiscated the gold with the executive order there, 6102 and even more recently, Collor did it here in Brazil.

Who remembers in the 90s, while he was president, he confiscated people's savings who to this day have not seen the color of their money back.

Abuse of power is bad, right, people? When you mix money and power and CBDCs, you will leave populations totally vulnerable to authoritarian leaders who sometimes don't seem authoritarian, but soon turn around and are authoritarian, understand? And no one saw.

Despite the current banking system already allowing us to do all of this.

Huh? Because there are people who will say Oh, but it can be done now, right? Like, everything is already very digital.

This can be done much, much, much faster, without giving anyone time to protect themselves.

Furthermore, it takes away your privacy and freedom to use your money however you want.

The we tal CBDC from China comes with an expiration date to force consumption and manipulate how people spend their own money, whether it will be spent on food, clothing, education or in a little while you did something that government there doesn't think it's right? And, bah, you can't travel anymore and then they see that you bought a ticket boom, they cut off your access to your account, have you ever thought about that, Huh? This thing is bizarre.

They can direct what you will be able to buy or not.

Nice ball show is going to be really good.

I'm not making up this story in this post here, look.

An IMF director says just that.

Life understands? Understand that under the guise of security studying to prevent money laundering, avoid yours.

Even if we all think this type of technology is super cool, as good, law-abiding citizens, we are falling like ducks and starting to use a mass surveillance tool, which once installed will become much more It's hard for us to get rid of it.

It's a Trojan horse.

Within the arguments of ease of use, security and financial inclusion, lies the government's total control over its finances, right? Finance around the world has another very good phrase, I don't know if you know it from Benjamin Franklin, who says those.

They deserve neither freedom nor security.

Pá, pá, pá, pá.

That was straight up, right? Benjamin Franklin how long ago, right? How long have I wanted to say this? Exactly nothing has changed, right? In fact, it only gets worse.

Another point is that, with the creation of 1 digital USD, private stablecoins such as USDT, USDC, Tether could be threatened, after all, with the official digital dollar there would be less counterparty risk than the companies that launch these stablecoins, right? ? Why would people use this then, right, stablecoins, they have grown a lot in the last decade and have around 140 billion dollars in market capitalization today and even PayPal recently announced that it will launch its own stablecoin, but it could be that PayPal's stablecoin had the same fate as Diem, or Facebook's Libra and the idea fell apart, due to regulatory pressure, do you remember this Diem project, it was from 2000 and 2019, we went to a conference in San Francisco , in 2019, and there was an uproar.

It was that guy from Facebook, everyone wanted to talk to him.

He was the main speaker at the conference and today, hey, we've never heard of that project again, right? He passed, he died.

So, despite what stablecoin advocates say, it's not quite like that, right? A CBDC is not a direct competitor to stablecoins because stablecoins do not depend on banks and CBDCs depend on banks, right? What comes into play in this case here? Of stablecoins, it is the regulatory risk.

American regulators are considering stablecoins as unregulated securities, aren't they? What about the creators of these coins? They could find themselves in the SEC's sights even before the digital dollar is launched.

Competition is only allowed between companies and not with government currencies themselves.

He moved my coin, he moved a hornet's nest.

That's why, with the launch of CBDC, it's worth keeping an eye on how regulators will deal with private companies.

Check it out if you have a stablecoin, well, I think you can understand how much is going on behind the political and economic scenes around the world and that the entire dynamics of how money is transacted will soon change and government surveillance will forever change. with their populations so, to sum it up, if it's all about stealing, let's go.

Fed Now is a kind of American Pix that will precede the digital dollar and can guide how CBDC's global network architecture will interconnect.

It's a lot, right? There are a lot of people rolling up their sleeves to create CBDCs, a good thing shouldn't be obvious, right? As I already said here in this video, if this happens, there will not be a single currency, but rather a single system that connects much more easily than through the current Swift banking system, which is also super bureaucratic, right? This system doesn't like competition, so it's possible for stablecoins to enter the crosshairs and be overthrown.

This only shows the importance of open source and censorship-resistant systems, such as bitcoin, which cannot be overturned by governments alone or together. Systems that guarantee people's autonomy will be increasingly essential.

Whether the future is heading in the direction where governments can start using currencies as surveillance tools and facilitating the abuse of power, be it the digital dollar, the yuan or the drax, it doesn't matter.

It's a good thing that CBDCs, for example, have around 80% opposition in developed countries, that is, people are fine with it, but unfortunately they are very popular, like Pix itself here in Brazil, right? For governments that seek more and more control and you can still choose not to participate in this financial Panopticon disguised as financial inclusion, just choose bitcoin.

It is now clear what the implications of Fed Now and CBDCs are on global financial systems. It is important to be aware of these changes and understand how they may affect your financial life in the future. If you have any further questions or need more information, just ask!