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Biden admin's race to the bottom

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4 comments

  • KenK/84Bravo

    Come on, we all knew this was going to be a Train Wreck, and a race to the bottom.

    3
  • Ricci.Wright

    In no other place in the universe does an employee get summonsed to the boss's office and be told, Well you really screwed that job up. Good job. Here's a promotion and a raise. Keep it up!!

    0
  • chiefr
    Ricci.Wright: 31515282324763/comments/31515282469787

    In no other place in the universe does an employee get summonsed to the boss's office and be told, Well you really screwed that job up. Good job. Here's a promotion and a raise. Keep it up!!

    Welcome to government work.

    3
  • serf

    It's all in the plan to bring in a new system of fiat money,pure digital cashless currency under a new branch of The Federal Reserve. You will need a background check to buy anything. Debit cards will be the new normal and all taxes will be collected at point of sale,Old dollars in paper will be deemed illegal to transfer for any debt to be serviced in any transactions. GET FED NOW! Everybody will be tracked on all purchases.Period!

    serf

    https://www.federalreserve.gov/paymentsystems/fednow_about.htm

    The FedNow Service will be designed to maintain uninterrupted 24x7x365 processing with security features to support payment integrity and data security. The service will have a 24-hour business day each day of the week, including weekends and holidays. End-of-day balances will be reported on Federal Reserve accounting records for each participating depository institution on each FedNow Service business day. Access to intraday credit will be provided to participants in the FedNow Service during its business day under the same terms and conditions as for other Federal Reserve services.

    The FedNow Service will provide a liquidity management tool to support instant payment services. The tool will enable participants in the FedNow Service to transfer funds to one another to support liquidity needs related to payment activity in the FedNow Service. The tool will also support participants in a private-sector instant payment service backed by a joint account at a Reserve Bank by enabling transfers between the master accounts of participants and a joint account.

    0

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