FedNow coming in July: It is a 'slippery slope' to an 'evil' CBDC

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Published Jul 12, 2023

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Rich Checkan, President and Co-Founder of Assets Strategies International, who says the FedNow Service, which launches in July, is a "slippery slope" to an "evil" central bank digital currency (CBDC). Checkan warns the U.S. could be forced into a CBDC to protect the greenback's status as the world's reserve currency. He also discusses how the world would look if a CBDC is adopted, pointing out that gold, silver, and Bitcoin will be the new cash.