Week 40 ~
Goodbye U.S. Dollar
Hello CBDC & FedNow
Have you heard of the Central Bank Digital Currency (CBDC) and FedNow?
Sadly, the paper in our wallet is going to be obsolete. The Federal Reserve is planning to do away with paper money. The U.S. central banking system—the Federal Reserve, or the Fed—is the most powerful economic institution in the United States, perhaps the world. Its core responsibilities include setting interest rates, managing the money supply, and regulating financial markets. Take a look at where the Central Banks are located.
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Here is something to think about. Is the transition from paper money to CBDC good for the people of the world? Unfortunately, the Central banking system is global and they will have complete control over the people around the world through their wallets. The videos below will explain how it works. We want you to think outside of the box. Read between the lines. "What if". What if they are able to push a button to block access or freeze your money. For instance, what if they don't like what you said or posted on social media sites? Look at what happened to the Canadian truckers who protested. That could happen to any of us but under different circumstances. These institutions could gain power over the people, Financially.
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Think About It!
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What is Central Bank Digital Currency (CBDC)?
A CBDC is a digital form of central bank money that is widely available to the general public. "Central bank money" refers to money that is a liability of the central bank. In the United States, there are currently two types of central bank money: physical currency issued by the Federal Reserve and digital balances held by commercial banks at the Federal Reserve.
How does CBDC work?
CBDC, is a central database ultimately controlled by a central bank that issues currency and provides every “e-dollar” or “e-yuan” with a unique serial number to identify it and peg the electronic currency to their existing national currency. Here are two video to watch explaining Central Bank Digital Currency and Jim Rickards: Central Banks are Preparing for THIS - CBDC Central Bank Digital Currency
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Will launch in 2023
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What is the FedNow Service?
The FedNow Service will be available to depository institutions in the United States and will enable individuals and businesses to send instant payments through their depository institution accounts. The service is intended to be a flexible, neutral platform that supports a broad variety of instant payments.
Click FedNow above to go to the website.
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How does the FedNow Service work?
This video follows a payment over the FedNow Service from start to finish and shows what financial institutions need to know about their role in the process. FedNow Service Payments.
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Here is your challenge.
These are suggested items for you to purchase. Review your inventory and add any items to your shopping list.
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Food Storage Purchase
Water ~ 1 gallon per day per person
Purchase what you need for your pantry, Bug Out Bag, etc.
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Extra Purchase
Purchase winter season linen.
Purchase winter clothing.
Summer items are now on sale. Purchase summer clothing, shoes, hats, sunglasses etc.
Purchase odd & ends like soap, bleach, towels, etc.
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Family Prep
Purchase gift cards if you were not able to purchase them last week, Week 39. This will come in handy when that person don't have cash to purchase an emergency item.
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Skills & Drills
Learn how to purify water.
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Savings
Save $40 or as your budget allows. Save something.
Here is a 52 Week Money Challenge Printable Spreadsheet
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Please consider donating to deCamp Outdoors.
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Thank you for your donation.
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Disclaimer: We at deCamp Outdoors are not scientists nor doctors. We are Preppers and Survivalists who share information based on research and studies as well as experience in the field of emergency preparedness. We strive to be 100% accurate, but if you see something that doesn’t look right, please send an email to deCamp Outdoors. We participate in the Amazon Services, LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn funds by linking to Amazon.com and affiliated sites, at no cost to you. Videos, information and illustrations found on this website are for purposes based on the individual experiences of the presenter and or website/page dialog. Every situation is different and your results may differ. You should analyze the risks and research the information accordingly before proceeding to take action.
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