Is FedNow a Tool for Controlling Americans' Finances?

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[@raiden031]

The biggest problem i see with digital dollars is the feds tracking every penny you send or receive.

[@MsPinkston]

They are already tracking our purchases. Every time you use your card, the items and food that you buy are assigned a code. This code is used to form data that can be measured and analyzed to answer questions, sell goods and services, and solve consumer complaints.They just can’t track the cash. Most people, especially younger generations greatly depend on their cards and phones to make transactions.

[@Mobytts69]

@@MsPinkston yup! risk assesment, spend habits, etc. I wouldn't be surprised if health insurance companies are also doing the same thing and predicting how much we're ultimately worth based on our habits!

[@user-gh1fg5kc9s]

Carbon foot 👣 bank ? Big problem ...for "rich" people ?

[@raiden031]

@@MsPinkston imagine the IRS sends you a tax bill based on your digital currency use rather than based on W2s

[@ricardodelacrvz1400]

@@MsPinkston the thing is credit cards companies and commercial banks dont profit from surveilling clients or keeping a social score like china is trying to implement. credit cards companies and banks are obligued to give records to the IRS in legal context. the end of cash would able the government and the cb to track all the money and so end tax evasion and money laundring schemes. this was all a problem when bitcoin started being used to buy drugs, weapons and child pornography online. the best solution to it would be to ban all crypto from the face of the earth.

[@anthonyjames4319]

The fact that they don’t acknowledge this as a stepping stone is mind blowing to me. Absolutely they can use it for tyranny.

[@Originalman144]

They are blind

[@Jon-ko3vv]

Dave already forgot everything that's happened in the past

[@tthomas]

Exactly. It's ushering in the beast system.

[@Cyanopteryx]

He did acknowledge it, did you not listen to the video? He's just not going to fear-monger about it for views.

[@megan.homesteading7263]

Agreed!!

[@daveblackman816]

Dave seeing all these “theories” happen in real time…

[@CaseyBurnsInvesting]

Dave has denied this for a long time. It’s here Dave. They don’t care if it’s efficient, they care if it gives them more control.

[@TonyMoze]

Thank you! Thank you thank you! This!

[@jonasyracheta2185]

Applause 👏!!!!

[@aaronhyde]

How far can they push the limits, and they pushed pretty far during the pandemic...

[@tthomas]

As a Christian I'm surprised at Dave's response. Clearly it's opening door to beast system.

[@jmb-cm7mr]

@@tthomas Where is your proof of this?

[@wwhite2958]

I have a better idea.. why don't we get rid of the federal reserve.

[@BouncySlim1]

Get rid of the Federal Reserve and they call in the US debt??? What do you think will happen?

[@HSAC.WDTK.DTKT.LFO.]

Ron Paul 2008!

[@jonasyracheta2185]

@@BouncySlim1 REVOLUTION!!!!

[@wwhite2958]

@EyeSea the debt is never going to be repaid and we will default on it eventually. Might as well rip the band aid off because the longer this sham goes on the worse it will be.

[@mt8149]

How are you going to do that? Just tell them to go away? I hate dumb comments like this that are posted to get emotional thumbs ups. Thanks for the "better idea."

[@Tahoe22escape]

I’ve become more and more disappointed with Dave losing his spine and refusing to speak up

[@edubwalter3179]

He's a tool for the establishment! I hate to say it, but it's true!

[@chada75]

Living in an Ivory Tower will do that.

[@donaldquirk7801]

He was never a Christian and always a shill. The snowball debt payment method he promotes isn't even mathematically sound.

[@spenzonius5212]

It’s this mindset those in charge are hoping for 🤦‍♂️

[@Originalman144]

Exactly. Just going along to get along. And then it’s too late

[@iamkesha.]

And he ended with if they want less poverty increase more freedom. It is as if he is not paying attention. Those people want more poverty and is why they are taking about people’s freedom.

[@jamesbyerly766]

10000%

[@tthomas]

The more things become convenient the more freedom you turn over..

[@failingdisciple938]

Bingo

[@Duplexes_Ebay]

The biggest problem is if you don't do what they say they will break you financially

[@jackietorres1380]

Dave, this is the beginning of the end of "Freedom." This is giving the FEDS your bank card, SS#, and pin!!!!

[@philipmcdonald1202]

This is a stepping stone to fulfilling biblical prophecy! They have to be able to control whether you can buy and sell! This system puts that in play

[@michellerice8749]

Exactly

[@jeanfred9462]

Amen ! If they can Sanction you? It’s The MOTB revelation 13:16-17

[@dakodagayne9334]

Definitely beast system.

[@lokimillzmillieon2985]

😂😂😂

[@nocomment4848]

Which is already here. Banks will willingly close bank bank accounts of political dissidents, whether of their own accord or at fed’s request

[@herbiehusker1889]

I like Dave, but he really seems to be late to the party on a lot of this stuff.

[@blackworldtraveler3711]

Don’t see how a debt free multimillionaire would need to worry about being late to anything.

[@ajones8008]

hes obviously too rich to care..

[@demri123]

Indeed

[@xCryptoLegacyx]

Yeah. Agreed.

[@blackworldtraveler3711]

@@ajones8008 But you guys are still here.🤔 I’ve been listening to him on and off since the 90s. He’s about people getting hold of their finances and out of debt. Not hold your hand and save the world.

[@coconat777]

It’s happening Dave. Here in Australia most bank branches are now doing away with cash and to take some out you have to go to the capital cities. Wake up.

[@amireallythatgrumpy6508]

It's ironic that people who tell others to wake up are the most asleep.

[@waywardgeologist2520]

First it was your guns, the it was your ability to travel, and now your money. Three strikes!

[@giveme10feet]

@: Turbo-Scuba: Master. What's happening in Nigeria?

[@donaldquirk7801]

It's why they want everyone unarmed

[@babyboo5856]

@: Turbo-Scuba: Master. yo whats happening there tho?

[@yaboyDoug10]

Dave and his crew are too worried about being motivational speakers instead of pulling their heads out of the sand. This is happening whether they acknowledge it or not

[@LuckyMassive]

Exactly right. They are also too concerned with seeming like non-conspiratorial normies.

[@sfeelwatuwant3533]

They need to be telling people to arm themselves

[@jesserp23]

Ramsey is controlled you all

[@tkleo2006]

I try not to get overwhelmed every time society and the government gets darker. But seeing how conservatives were saying that democrates controlled by censorship news and social media in 2020 and recently the White House just said they didn’t like that the Supreme Court said it can’t censor anymore proves to me at least not to trust the government (mostly left but sometimes right).

[@bigtoe3963]

Canadian truckers would like to comment on this..

[@elainepatterson5587]

Happening, Dave. It's happening. Currently, they're canceling you by giving you your money back and closing your account when they don't agree with you socially and politically. True digital would potentially just erase your money. Read the comments, Dave and staff.

[@BertRedd]

There’s no element of control that is visible here. It just shows up as normal money in your account. 🤦‍♂️

[@jlaw1901]

They did that in Canada. I haven’t heard of it in the US

[@nocomment4848]

Yep. Both myself and almost every other political dissident i know has had their bank accounts closed here in Australia. And it’s very common in Canada and US itself. Even someone as big as Kanye was not immune

[@TFJ2024]

@@BertRedd you will eat bugs and thank your government

[@lucashexen]

​@@BertReddit won't show as a means of control at first by the time the whole world is in that system it will be very interesting to see.

[@Tompicks879]

This just proves Dave and his crew works for his masters just him not acknowledging this as a threat is mind blowing

[@wesleyb82]

Bingo. Keep this in mind when you listen to anything they say going forward

[@seaneustace9838]

I’m not ready to throw him under the bus yet, he could find himself in a situation where it all comes upon them unawares. I’d start reading the book of revelation now if I were you guys, it reads real modern these days.

[@Betterme4lf]

Well they do control whether or not he has a platform ultimately. Ofcourse he won’t acknowledge the repercussions of it for his sake.

[@shamariyah9968]

@Sean Eustance I agree 💯. That’s a good place to start!!!

[@annamc8228]

He may be trying to keep his company in good standing w the FedNow creators

[@anonimo2359]

Dave is underestimating this

[@BouncySlim1]

🎶He's outta touch, he's outta touch 🎶

[@ifcinvestor569]

A toilet paper shortage was once a conspiracy theory also!

[@ChicagoTarnow]

As much as I respect Mr. Ramsey, he still refuses to do a research to tell a difference between the digital dollar as we know today and CBDC.

[@chief5981]

Well what is the difference? Quick summary? Cause the way I see it they could just do what they want to do with the current dollar.

[@sidehustlefinance]

@@chief5981 Likewise, if they freeze your accounts today it is all 'digital.' Ask the truckers in Canada.

[@chief5981]

@@ItDoesntMATTERwhatYourNameIS “Oh Mr. Suave, you have already purchased enough ammo this month… purchase denied” -the Federal Government 👍🏽

[@r0mulyni2]

My man just forgot what they tried to do with MANDATES.

[@redpillrenaissance3153]

So when or if they get rid of physical dollars, will Dave admit there is a conspiracy and that he was wrong as usual?

[@joycewright5386]

So if Dave is always wrong why do you listen to him?

[@djcogdill9263]

​@@joycewright5386Do you never listen to people you disagree with to see what they think?

[@BertRedd]

FedNow isn’t getting rid of cash 🤦‍♂️ it literally is just an instant transfer service. If you use it to send or receive money, it literally deposits/sends $ from your account. That’s it.

[@joycewright5386]

@@djcogdill9263 no not people that I believe are consistently wrong. Sorry, to each his own.

[@djcogdill9263]

@@joycewright5386 That's how you get echo chambers.

[@melvingibson4525]

None of this will affect Dave. He has hundreds of millions of dollars and dedicated financial experts and lawyers

[@erichansen7377]

His "accounts" can be switched off just like anyones.

[@AlaskaWild]

Oh, he WILL be affected. Trust me

[@EB-ok3io]

He’s been tone deaf

[@britneythao]

He will be. If the US can freeze Putin's account, then they can do the same to Dave's. Dave doesn't have privilege.

[@bobvila2444]

I can easily see why Dave's ratings is dropping faster than prices on a used car or commercial back securities. Well the party was fun why it lasted

[@1Gwhite]

😂

[@_MountainMan]

Also real estate prices!

[@Cyanopteryx]

Why, because he refuses to sell fear unlike every other content creator these days?

[@jonasyracheta2185]

@@Cyanopteryx does not have to sell fear. Just the truth! We want the truth!

[@jonasyracheta2185]

Dropping faster than the dollar's absolute value!

[@StratRider]

LIke anything - if it CAN be abused - it WILL be abused. Whether Dave wants to admit it yet or not.

[@blacksquid270]

Cashless society will bring us the Mark of the Beast. Get ready folks this is going to be a tumultuous time for all of us. God be with us 🙏

[@wydopnthrtl]

Revelation 13:17 and he provides that no one will be able to buy or to sell, except the one who has the mark, either the name of the beast or the number of his name

[@jhljhl2207]

I'm ok with waiting 3-10 days for a check

[@sohu86x]

Then keep writing checks and don't use fednow.

[@tylerpeterson4726]

But why? There's just as much of a paper trail for banks batching checks once a day as there would be for banks processing an instant payment.

[@fourdayhomestead2839]

Dave, I hate to say, but there's more "sheeple" in our country than we think.

[@michaelearlgrey]

I'd like to think Dave & Friends are just naive but after seeing everything that's happening and they still encourage listeners to just trust this system... I'm beginning to suspect malevolence.

[@toddmaek5436]

Word

[@missybelmont9830]

Duh...

[@blackdandelion5549]

I don't that he says to trust the system when he actually says to use cash which by it's very nature is untraceable where you spend it, keep it, squirrel extra in the sock drawer, etc.

[@michaelearlgrey]

​@@blackdandelion5549Listen to how Dave explains this again. The thing is starting him in the face and he doesn't see it. He's saying "Well IF they used this to restrict people and further ESG I'd keep my digital dollars out of their system" Dave! That's literally what this is! This isn't just a friendly banking software update. This is the eventual integration of EVERYONE'S dollar assets into a network of total control. Did they literally spell it out like that? Of course not. It's always a bunch of "equitable, diversity, net zero, smart contract, tokenization, blah, blah, blah" nothingness word salad. Dave needs to seriously get off his ass and research this. Take the BIS or World Bank at their word if the FED's description doesn't scare you yet. I am holding Dave Ramsey and other financial influencers to a higher standard since millions of people take their perspective to heart. Ignoring the flashing neon warning signs on this one is unacceptable.

[@lonewolfsurvival3453]

What, another "conspiracy theory" coming to pass? Well, I guess this is when we're supposed to look the other way, right?

[@dmb3428]

there are people today who have been canceled by banks-payment processors for their beliefs already...imagine doing away with physical cash and the gov coin is the only option

[@jonasyracheta2185]

Absolute power corrupts absolutely!

[@danielleberry09db]

What makes me smile is the number of people who really know the truth. One person's opinion is simple that. Regardless of whether or not they are considered an "expert."

[@varmastiko2908]

Actually the expert status is very important. It's a sure way to tell they won't be telling us the truth.

[@632Podcast]

Look up the "Restrict Act". It could end bad if it's paired with a digital dollar.

[@icestationzebraassociates2460]

The difference here is the currency can be earmarked and tracked. It's not conspiracy lol

[@nikkisigmon8090]

You dont understand? Then you aren't paying attention. Digital currency can be controlled and directed as to what it can or cannot be used for. It's not the same as our current system.

[@ssz28envy]

This is the first step on a slippery slope. They will always overstep their bounds as they have with everything else.

[@thechickenrancher4601]

Y’all r so out of touch with the reality!!!

[@amireallythatgrumpy6508]

You think ANYBODY is in touch with reality in 2023? 🤣🤣🤣🤣🤣🤣🤣🤣🤣so out of touch

[@jonasyracheta2185]

Fednow is the railroad track. CBDC coming in July is the train. Will force every citizen into their private system.

[@VictorMartinez-zf6dt]

I'll hold you to that and when it doesn't happen, will you keep moving the date forward?

[@jamestribie3387]

@@VictorMartinez-zf6dt yes victor, yes

[@amatulfulani6390]

Fednow platform is officially launching in July, not the actual CBDC itself.

[@vladimirprovotorov580]

This could be linked to vaccination,food from worms,15 minutes cities.

[@johnf8877]

They aren’t SAYING it Dave. Do you remember TWO WEEKS TO FLATTEN THE CURVE?????

[@GoatMeal365]

This whole notion of currency being connected to being ‘cancelled’ based on a social agenda, gives me End Times mark of the beast vibes. Not being able to buy or sell unless you agreed or disagreed with something (Revelations 13:17)

[@lilmoepal]

The mark of the beast is already here but yes it will all go inside together

[@SolarboySI]

@@lilmoepal According to the Bible, it’s not here yet. We are not in the Tribulation.

[@lilmoepal]

@@SolarboySI it says they will be forced to have the mark of the beast to be able commerce not that it isn't already here, in other words it's not forced on us like it was forced on the Christians back in the Dark Ages but there will come a time where it will be which comes in what you're talking about.

[@theelect777]

@@lilmoepal Agreed! The mark of the beast is on the hand and/or the forehead. Symbolism from Deuteronomy in the things of what you do (hand) and what you think/believe (forehead). Those that believe in the testimony of Jesus and live out God's commandments will not perish. The actions and the beliefs of the false-seal of God (mark of the beast), are already taken place. But it's not being enforced yet. The fact that so many people are already self-rationalizing it being used for ESG control is a bit scary to me, as that's right on point with the top theory I've found of how the biblical prophecy could play out.

[@AllInForYah]

​@@lilmoepal what is it?

[@robedmund9948]

If the Feds cannot tax it, they will FIND A WAY! Pure and simple. Greedy cusses!

[@robertdavis1836]

"Sometimes we're sheeple and we all go into our houses for 90 days and wait for a virus to pass." IT WAS A LOT LONGER THAN 90 DAYS Mr. Ramsey!!!

[@dthundah]

Looks like we have an Agent on the Panel....and it's OBVIOUS!!

[@KentPittsburgh]

End the Federal Reserve.

[@jonasyracheta2185]

Opt out of the elitists privately owned system. It is not our system.

[@tl57345]

Rachel Cruz (Ramsey) is slowly opening Dave’s eyes to the truth.

[@chief5981]

Best comment. It usually takes a trusted loved one to get through

[@mariecalo]

Indeed!! Rachel is smart

[@jonasyracheta2185]

Rachel Cruz solutions inc....🤣😂🤣😂

[@mattcollins4550]

Rachel > Dave

[@defaultname7685]

shes an allstar!

[@TrevForPresident]

Dave explains this as being a tool supplemental to USD to speed up transactions and that he wouldn’t have all his money in THEIR digital dollar. He then slowly slid down the slippery slope of understanding that a supplemental currency doesn’t make sense and that it would be a currency reset just in more words.

[@sheisLD]

My mouth is open listening to him on this . . .

[@joshpino]

With all due respect, you are wrong on this one. You’re taking the God factor out of this. This is just another step towards meeting God’s prophetic events. You are dismissing this way too easily….

[@jonasyracheta2185]

You are correct, sir!

[@fiskefinancial]

The irony of Dave calling other people religious zealots... The lack of self awareness is palpable.

[@screwdriver_bandit]

Dave “house prices won’t fall and there won’t be CBDC” Ramsey

[@vjs4539]

They are doing away with cash, Dave

[@speedfiend925]

Dave: Americans do not tolerate being controlled.... 2020 Pandemic has entered the chat.....

[@summerforever6736]

lol yeah all sheep!!!!!!!!!1

[@dog7881]

I mean I did whatever I wanted during the pandemic

[@anthonys7534]

You weren’t paying attention, he mentioned the sheeple after he said that

[@maryoleskiewicz5800]

And wait till the wrath of women gets to the polls - the GOP is legislating more and more control of women…now they want to eliminate birth control too. Welcome to Gilead.

[@CyFi6]

I'm actually thankful for being born when I was. I'll be long gone before the worst comes.

[@963janet]

Yep, me too. So glad I’m old!

[@KingRatt]

What are you leaving to kids and grandkids though?

[@billc2198]

Dave is in for a big surprise.

[@missybelmont9830]

Surprise being loss of viewership.....

[@adilakif0061]

He is in on it. He will not surprised. He may act like it though.

[@AnUnapologeticApologist]

My question to Dave is if it truly is "the same" and "we already have digital dollars" why are they initiating the digital dollar? Don't they already have that? Or... OR... is it because the digital dollars are tracked everywhere they go?

[@paulwinters6024]

Surveillance will be easy for a CBDC. AI will make it nearly instantaneous.

[@JakeAkstins]

2018 Dave would call this video a conspiracy theory

[@mikebarton8671]

No Dave, THEY WANT CONTROL

[@RusskiCommieBot]

The faster you can transfer funds, the faster the bank runs can occur.

[@jonasyracheta2185]

Faster the central planners can rob our wealth too. Hyperinflation! The CBDC is the tech that allows them to do so.

[@Theking2000401]

The name is Programable Central Bank Digital Currency or Programable CBDC. And history tells they can switch currency without much issues in the mechanics. Bank Holiday followed by an announcement and a week later your bank opens up with limited access and you money is now CBDC. This is a control move.

[@camsteremail]

Bingo I bet he knows but he has a business to run and needs people to keep buying in. Who would buy in if they knew money will be worthless? Most wound say they would file bankruptcy than work to pay off stuff in a highly inflationary period with worthless dollars .

[@mkrueger6728]

I guess one has to question why they want to change to digital ? And yes they can slowly push it upon us to think it's safe but in reality have full control over how and where we spend our money. So yes Dave is not fully aware of the implications it could bring. Just my thoughts. (Can it happen?) Yes it could......

[@terrybusch5088]

Your mind goes from A to Z. Dave's limited brain only sees A to B.

[@Billman8686]

​@@terrybusch5088or maybe he actually has some wisdom and can process information without completely freaking out.

[@nikkisigmon8090]

@@Billman8686 no, he's refusing to discuss the potentials or see the upcoming cliff. If he was wise, he could discuss potentials, explain both sides, and still not freak out with emotion or impulse reactions.

[@superblump87]

Do you think your susceptibility to conspiracy theories is due to a lack of education or something else?

[@jimroscovius]

He DID explain both sides. Do you have ears?

[@scottbenish9584]

What Dave isn’t saying: Every transaction will be funneled through the Federal Reserve Bank. The new “digital dollar” or Central Bank Digital Currency (CBDC) will be programmable. Dave doesn’t realize the Federal Reserve is controlled by private individuals that will have total control.

[@amireallythatgrumpy6508]

What you're not saying: CBDC was implemented in 1996.

[@freeamerican1565]

The Alex Jones was right jar is about to start overflowing

[@mattcollins4550]

I hate Alex Jones, he is a fruitcake. But unfortunately he has been proven right more and more.

[@millennial3608]

Keep moving towards waking up, Dave. Please keep listening to your friend Glenn Beck. You have something to learn from him.

[@SSS-wo2hn]

Conspiracy theories???

[@PaulAliceJ]

The scariest part is that anything our government is involved in will be screwed up. That is a given and guess who will pay for it.

[@Jenda-ld8dj]

Correct. And most people don't realize this.

[@nicklovely6431]

There is no cash. You can't even expect to walk into a bank and pull out 10k in all hundreds right now.

[@l.s8904]

Dave is an AGENT!!!

[@Qwertyuiopasdfghjklzxcvbnm131]

I’m already seeing signs on businesses front doors saying no longer excepting cash.

[@jmb-cm7mr]

I am in upstate NY no signs saying no cash here yet.

[@BrwnBlt]

Yeah , right Dave. Government will do the right thing. I'm so disappointed. Wake Up, Dave!

[@Isaiah.hi99]

He keeps talking about speed of Transactions rather than control and surveillance of transactions

[@azplanner4546]

I'll keep my cash because if I don't pay co-pays in cash, I get assessed the bank fee for using a debit card. I also use cash for gas because I don't need a gas station placing a huge hold on the money I have in the bank to protect their businesses. If I pay cash, it eliminates that.

[@lilmoepal]

Cash is going to expire by a certain time

[@Jenda-ld8dj]

@@lilmoepal Like everything in life but that is not a reason that is an excuse. Cash will always be used as a medium of exchange.

[@BadBrad119]

Same could be said for banking fees. Why are there limits on number of digital transactions between your accounts

[@josephcoon2385]

They always say it's not going to happen, until it happens. Everyone knows what's Happening Here.

[@justinwells8265]

I’m noticing a trend with Dave downplaying things that are clearly a big deal… Makes you wonder?

[@rdmineer1]

It's not direct control, which people instinctively resist. It's rules, which we are indoctrinated to follow, but mostly by direction. Suggestions in ads and PSAs, relying on fear of pain and health issues, and to not socially fitting in. Well, I'm 63 and take no medications even for my diabetes, and I don't have a CC or mortgage on an automobile. I'm not very emotional about ordinary things.

[@Dave-pd6hi]

Either He has turned into a sheep with wool over his eyes or he knows what's going on and won't admit it because he's in on it

[@amireallythatgrumpy6508]

You do realise that humans are sheep with two legs? Being human automatically makes you a sheep.

[@68orangecrate26]

It’s the reason I don’t use PayPal. They will FINE THEIR USERS if they determine that they don’t like their social discourse.

[@ashdobbs]

true! 10 years ago we couldn't pay for our fantasy football leagues or buy squares for March Madness office pools using PayPal because it promoted gambling... I had forgotten that

[@650Rdan]

Dave Ramsey has shown who he is recently. He’s controlled by the system and he will sell you on the idea that you need to obey the system. I would not do anything this man says

[@JeepCherokeeful]

Actually, do just the opposite

[@zmanphotos1578]

Someone has to call them and not email in. He doesn’t seem to know how dangerous this is

[@lootangshellhouse2506]

They move an inch at a time they will do away with cash

[@helengiallombardo4077]

Can anyone say "Truckers in Canada who refused the "injection" got their bank accounts frozen"? I thought you could.

[@user-en1pj9wf9s]

I don’t think youre being honest we all know that they are over reaching

[@wishunter9000]

Dave clearly doesn’t understand what a Central Bank Digital Currency is…..

[@ILmachiner]

So Dave what your saying is there should be a digital peer to peer cash? I totally agree.

[@Nina-vs2qt]

Control is done in baby-steps.

[@johnh3641]

I’m surprised he was this clueless about the problem with this.

[@kellstat]

Brother, we are controlled all the time. Us sheeple just don't know it, and wouldn't if it punched us right in the gut. After all he appears as our angel, just like the "American Dream".

[@marcushistand856]

I fear most Americans will not know how bad the digital dollar will be till it's to late. Kind of like the frog in the water scenario. Gradually heating up the water till it's to late.

[@croberts2358]

We've already got check 21 which electronically converts your check. Check 21 is a federal law that is designed to enable banks to handle more checks electronically, which should make check processing faster and more efficient. Today, banks often must physically move original paper checks from the bank where the checks are deposited to the bank that pays them. This transportation can be inefficient and costly. Check 21 became effective on October 28, 2004.

[@SuperKyle309]

Tax, track & trace everything you do. It's all about control

[@Launchpad37]

I am worried about the control of the population when there are food shortages. Easy to control people if they are starving and supply chains are controlled by nefarious actors.

[@MultiTlp]

this is just the first step towards the "impossible"....

[@AaAa-sw5os]

Dave doesn't understand 😔

[@amireallythatgrumpy6508]

The number of people that actually understand is exactly zero.

[@AaAa-sw5os]

@@amireallythatgrumpy6508 great, then nobody will be able to implement it 😁

[@layzhp5438]

The more power government has the less freedom we have!

[@flipmode282]

Is not Fed Now a clearing house: thus giving them access to our accounts and balances and every transaction we make? So many rights and freedoms have been taken away for the sake of convenience.

[@mr.rogers4891]

Idk Dave you might be wrong on this one…this is how it all starts

[@vanessa33756]

After 9/11 banks now process checks electronically and actually know if the funds are good or not. They hold your funds 3-10 business days under the old rules when checks were flown to the federal reserve and process manually. The holding of funds is so banks can utilize the check deposit for an extended period of time to make money while you have to wait. When the laws were changed to process checks electronically they never change the so called holding period because financial institutions would loose the “float period” and therefore loose revenue.

[@brettbarker8444]

💯

[@Nick-gg6tg]

It's all about control

[@damnatiomemoriae1894]

If you want to pinch pennies, dave is your guy. Any other topic - cant listen to this old timer. Hes still speaking from the world he grew up in

[@jonasyracheta2185]

Yep. Out of touch!

[@michaelb.8953]

Just like his $1000 emergency fund from 1990 is actually any kind of emergency fund at all in 2023. That starter emergency fund needs to be updated to at least $2500 in today's dollar. You have an emergency like needing a expensive car repair or your car won't pass inspection because you need new tires, that $1000 emergency fund is completely gone in a matter of hours, then one more emergency in a very short amount of time and you're back in debt. Dave can wrap up his million dollar empire in four short words "get out of debt". Don't get me wrong as Dave is great, but he has his place and once you get to that place you leave Dave to dealing with the people that aren't there yet.

[@EB-ok3io]

Or an Agent

[@ggggg-fo2xq]

carlin was right. carlin was right. carlin was right. less and less freedoms.

[@KR1IS]

It's not all about transferring quick Dave. It's all about monitoring your money.