Oh my goodness!
The people who control the money control the power.
And the Federal Reserve (or the “Fed”) controls the money in the United States.
All Central Banks control the money.
Central Banking is one of the most evil and corrupt institutions out there.
For years after its founding, the United States successfully fought off a central bank.
Eventually, the creature from Jekyll Island was born as the Rockefellers and Rothschilds successfully brought a central bank to the United States.
Ever since then, we have been under the thumb of these evil bankers.
Many of you know this history.
Some may be hearing it for the first time.
But today something historic and unprecedented happened.
That evil beast system WENT DOWN!
A sign of things to come?
I sure hope so.
Check this out:
This is insane.
The Federal Reserve is DOWN.
No wires. No ACH. Has this ever happened before?
— Mark Jeffrey ⚡️🚀 (@markjeffrey) February 24, 2021
The Federal Reserve’s system for interbank payments went down Wednesday afternoon.
The outage was widespread across its payment systems, including the vital automated clearinghouse system known as FedACH, and the Fedwire Funds interbank transfer servicehttps://t.co/pWpuBM1ne6
— Emma Kinery (@EmmaKinery) February 24, 2021
For about four hours Wednesday, Federal Reserve systems that execute millions of financial transactions a day — everything from payroll to tax refunds to interbank transfers — were disrupted by what appeared to be some sort of internal glitch.
Systems were restored by the end of the day, but the outages once again raise questions about the resilience of critical infrastructure that Americans rely on to process payments. The episode follows two significant disruptions to the Fed’s payment services that occurred in 2019.
“It does raise awareness about what their business continuity measures are and what’s going on over a single point of failure that doesn’t have a lot of redundancies. It’s pretty concerning,” said David Hart, president of consulting firm NETBankAudit who was previously a senior bank examiner and IT auditor at the Richmond Fed.
All services were restored by 7:27 p.m. New York time, according to a website operated by the central bank. The outages affected the automated clearinghouse system known as FedACH and the Fedwire Funds interbank transfer service as well as several other systems comprising the U.S. payment infrastructure.
“A Federal Reserve operational error resulted in disruption of service in several business lines,” Jim Strader, a spokesman for the Richmond Fed, said in an e-mailed statement. “We are restoring services and are communicating with all Federal Reserve Financial Services customers about the status of operations.”
The Fed system’s national IT operations are run out of the Richmond reserve bank. The central bank’s payment services website noted the disruptions were discovered around 11:15 a.m. and Strader declined to comment on whether they were a result of system updates or human error, but confirmed that the system maintains operations in other locations.
Inside financial firms, traders were generally calm, still handling transactions. A mood of initial confusion subsided as many realized they weren’t affected, one said.
ACH is a national system that processes batches of electronic funds transfers such as payroll, social security benefits, tax refunds, corporate payments to vendors and utility payments, according to the Fed’s website. The commercial service handled 62.1 million transactions a day on average in 2019 with an average value of $1,802, the latest year for which data are available.
In a posting on its website at 2:46 p.m. the Fed said it was taking steps to ensure the resilience of its services but urged customers to double check that any messages they had sent or received had been reconciled.
The disruptions come as the central bank is preparing to take on even more responsibility. It’s separately developing its own same-day settlement payment system called FedNow. It is expected to operate in direct competition with an industry-run payments system started in 2017 by an organization of Wall Street banks, including JPMorgan Chase & Co. and Citigroup Inc.
BREAKING: Federal Reserve's system that allows banks to send money back and forth electronically is down.
Fed services status: pic.twitter.com/LhtQzeEo19
— Insider Paper (@TheInsiderPaper) February 24, 2021
THE FED IS DOWN pic.twitter.com/eq8DpyUW3M
— Sven Henrich (@NorthmanTrader) February 24, 2021
— Rex Salisbury (@rexsalisbury) February 24, 2021
Some of you may be saying “so what?”
Those people don’t know how truly evil the Fed is.
But here’s what else….
Just a few days ago, my friend Bo Polny came on my show and he told me March and April would see the END of our current banking system.
A “World Reborn” he called it.
And nothing is more at the heart of our financial system than the Fed.
So as we sit here on February 24, did we just see the start of what Bo Polny told me would happen?
You really need to watch this full interview, you’re gonna LOVE what’s coming next.
Watch safely here on Rumble:
👉 Download Bo’s slides here:
👉 If you want Bo’s trading Newsletter, go to https://www.Gold2020Forecast.com, use code NOAH49.
👉 Red Sea Moment? Here are the signs:
You can also watch here on YouTube:
Let me know what you think!
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