Not a Banking Crisis
Banks are down and losing deposits because FedNow will be open to financial institutions of any size, allowing them to facilitate instant payments for consumers and businesses, giving customers immediate full access to funds. Fednow is set to start any day now if it hasnt already.
The instant payments service is seen as a step towards eventual rollout of a CBDC.Fednow is being used to benefit alternative payment rails without the risk. They have made it so the banking system can now back it up because bank-based money usually has deposit insurance and banks are generally eligible to obtain access to the lender of last resort. These two backstops help to ensure that bank money is not runnable. Last August financial institutions, service providers, and software companies were told to adopt the FedNow Service now to ensure the system will work smoothly come next spring(2023). Guess its a coincidence that the ones that refused to adopt it when March came, all of sudden had deposit shortcomings and were put out of business.
FedNow provides the cost-reduction and settlement speed of stable coin payments without the need to convert into and out of tokens. Fednow seems to have all the symptoms of a CBDC. Well played NWO. Well played indeed.
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MonkeyGee : yeap, all this pain is government caused. inflation, bank crisis, stock market collapses. These are the goals for the current administration. All this problem can go away if all that Ukraine money went to subsidies oil price. can't wait till 2024!
Appley : Hi master how about the FRC shares now? I’m still holding though this ticker is moved to OTC now.
Mcsnacks H TupackOP Appley: After all other claims are settled then claims from unsubordinated debt holders are reimbursed. If there are any proceeds left, the shareholders will receive these funds.
Appley Mcsnacks H TupackOP: So does that meant I cannot sell off the shares on OTC?
Mcsnacks H TupackOP MonkeyGee: It's too late to turn back now. The digitalization has taken over. Banks have started paying employees end of the day wages. Worldcoin has downloaded retina scans of over a billion people and have them downloaded into the system, with most downloads coming from third world countries. It spreads faster and faster by the minute.
Mcsnacks H TupackOP MonkeyGee: The US is producing more oil than it ever has before.
Mcsnacks H TupackOP Appley: You can. Or you can wait and see if there is money left over that will be higher than the current share amount.
Appley Mcsnacks H TupackOP: Ok thanks Master for your best advice.
Violets : regrettable....just like most of technology....we will live to regret this.