The Federal Reserve posted this framework to the Federal Register in 2019 with a document titled FEDERAL RESERVE SYSTEM Docket No. OP – 1670 Federal Reserve Actions to Support Interbank Settlement of Faster Payments, Posted on the Federal Register at "https://www.federalregister.gov/documents/2019/08/09/2019-17027/federal-reserve-actions-to-support-interbank-settlement-of-faster-payments - Link to the 92 page PDF of Docket No. OP - 1670 on the Fed’s website HERE.
I learned about this because of a marketing presentation I got a few days ago at roughly the same time in emails from 4 different affiliate marketers I wasn’t familiar with. They sent links to a presentation by Martin Weiss, the founder of weissratings.com. In it, Weiss warns about the rapidly advancing “fast payment settlement facility” that has been publicized under the name “Fed Now,” which the Fed has said will start operations later this year. However, Weiss says that it will actually be rolled out as early as next month (early May) with the membership of as many as 50 major U.S. banks, of which he lists a few (including my bank, so I guess I already have skin in the game). He also says that ultimately ALL Banks in the United States, as well as credit unions, will settle all financial transfers through Fed Now.
This will almost certainly allow the Federal Reserve, which is, of course, a private Cartel, not a real agency of Constitutional Government, without any oversight, access to the data on the financial transactions by the clients of every organization transferring funds throughout America. This IS the CBDC system that so many have been warning about now in detail. I suspect this will also make real the conversion of the Federal Reserve Note to a different “digital dollar” incompatible with current dollars. Anyone trying to trade outside of this “One System to Rule Them All” will be instantly be relegated to black market activities which may be forbidden and heavily sanctioned.
