FedNow: What Happened on July 1?

Not a CBDC, but… [Altucher Confidential] July 04, 2023 [WEBSITE]( | [UNSUBSCRIBE]( FedNow isn’t a CBDC. But it could be the fast track to creating one. [Hero_Image] FedNow: What Happened on July 1? By: Chris Campbell “Godfather Of AI” Reveals Stunning Prediction [James Altucher]( He’s a 35-year AI veteran who has worked closely on AI technology for decades… - In 1988, the National Science Foundation funded him to build an AI chess program. - He’s written and published academic papers on AI. - And he’s used AI to trade stocks as early as 2001. [But today, he’s stepping forward with a critical prediction that he says every investor needs to hear.]( Whatever you do, I’m urging you to not invest a single dime into AI technology until you see this man’s warning. [Click here for details.]( [Chris Campbell] CHRIS CAMPBELL Dear Reader, History doesn’t repeat. It rhymes. It’s a cliche, but the thing about cliches is they always end up being right. You see… Over a hundred years ago, the Titanic sank to the bottom of the ocean. Immediately after, the Federal Reserve was created. Just recently, the Titanic hit the news again. This time, because the Titan sank to the bottom of the ocean with it. Instantly after? FedNow was launched. What’s FedNow? According to the Fed, the FedNow program -- launched on July 1 -- is nothing more than a new instant payment infrastructure. Of course, that’s true. The launch of FedNow brings the U.S. up to speed with other nations that already operate real-time payment systems, like the Faster Payments Service in the UK and SEPA Instant Credit Transfer in the EU. [pub] In some ways, this is just the US catching up. But here’s the thing… Attention! Before You Read Any Further… [James Altucher]( Hey, it’s James. Before you read any further in today’s issue, an urgent situation needs your immediate attention. If you don’t plan on claiming this upgrade to your Altucher’s Investment Network subscription, you’re missing out on a huge opportunity. Right now is your chance to grab one of the biggest (and most valuable) upgrades our company has ever made to a newsletter. I’m taking Altucher’s Investment Network to an entirely new level and I’d hate to see you left behind. [To see how to claim your upgrade, just click here now.]( Once you’re done with that, read on to see today’s issue… The Big Problem As the credit rating agency Moody’s pointed out, FedNow is going to: A.] Displace payment providers that rely heavily on credit card fees. B.] Centralize payments, making them more vulnerable to cyber attacks. C.] Increase the possibility of bank runs. While it will reduce payment costs over time, this will be at the expense of decreasing competition in payments. Ultimately, this puts more power in the lap of the Fed… And increases the risk of the total financial system. BUT… Is this by design? As our Paradigm colleague, Jim Rickards, has pointed out in the past, the endgame here is a Central Bank Digital Currency (CBDC). And FedNow, though not directly related to a CBDC, is a fast-track to getting us there. What should you do to prepare? As of this week, in light of new events, Jim’s updated his predictions. If you’re worried about a CBDC… you won’t want to miss it. [Click here to see Jim’s latest CBDC warning.]( Until next time, [Chris Campbell] Chris Campbell For Altucher Confidential Warning: Will “Bidenflation” Destroy Your Retirement? [James Altucher]( If you’re like most Americans, you’ve worked hard for decades to build your financial legacy. And now, as a result of Biden’s disastrous money printing policies, that’s all at risk. According to one top retirement expert, “Bidenflation” threatens to destroy your retirement and make your hard-earned savings worthless. That’s why you must take action right away to protect yourself… [Click here now to get the simple, step-by-step actions to survive “Bidenflation.”]( [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2023 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. To end your Altucher Confidential e-mail subscription and associated external offers sent from Altucher Confidential, feel free to [click here.]( Please note: the mailbox associated with this email address is not monitored, so do not reply to this message. We welcome comments or suggestions at feedback@altucherconfidential.com. This address is for feedback only. For questions about your account or to speak with customer service, [contact us here]( or call (844)-731-0984. 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