That's what I think. FedNow makes bank runs easier.

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Lol big if true

I think it was built for this very purpose.

But why, to end the banks?

In order to install cbdc's the commercial banks need to be out of the picture, bankrupt. Fed introduces high rates, keeps hiking, introduces FedNow, banks die, people panic, Fed saves the people with a cbdc.

That's diabolical.

I think the Fed has no other choice, and the crisis fits the objective.

You're probably right.