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1st Quarter 2023 Wrap Up- News Trends & Stories, Part I

Divine Intelligence, etc

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The Fed's Instituting of Fed Payment Wire System Could Put Banks Out of Business

The Fed is accelerating its institution of Fed now, which is new payment wire system. My theory is it'll give them a lot of the controls that CBDC would, but without touching the banks. So they're going to do everything they can to get this control before they scare the banks because there's still too many banks. I'm even more on board now than I've ever been with the idea that states need to step up and create their own banks. The Bank of North Dakota is leading the way. You know, I just saw an interesting chart from Statista by a very significant amount. Guess what state has the most honey producers? Probably North Dakota.

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