2.8 • 690 Ratings
🗓️ 30 June 2023
⏱️ 26 minutes
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0:00.0 | Welcome to Economic Update. My name is Sean Morgan. I'm a host over at AMPNews.us. My show is called the Sean Morgan Report. And I'm here with James Grunvig also has a show over at AMP News, Unrestricted Truths. Welcome to the show, James. You know, both of us have been working with Kirk for a long time. We both have a background in the financial stuff. So it's going to be interesting to talk about this topic today. |
0:23.5 | I wanted to start out by just asking you if there's anything about yourself you want to share. |
0:28.1 | And then we'll get into the Fed Now system. |
0:30.7 | Yeah, so I'm a founding member of American Media Periscope. |
0:33.1 | I have the number one rated show for now. |
0:36.0 | Out of probably a dozen or more called Unrestricted |
0:38.5 | Truths, I'm also the editor of AMP Journal. So that is our base, our online daily newspaper |
0:45.1 | slash magazine. That's right. You do a lot of good writing there so people can check that out. |
0:51.4 | So let's talk about the Fed Now system because Kirk was talking about one of |
0:55.5 | his updates that this has been scheduled for a while. It's going into effect here this month. |
1:03.5 | Some, I've heard some credit unions are even opting out of it. But what do you think about Fed now? |
1:11.6 | Do you think that there's going to be some type of carrot that's given to people to try |
1:15.8 | to get them on board, whether that's at the consumer level, like, you know, social benefits, |
1:22.8 | your universal basic income, or whether that's at the bank level like if you don't participate then |
1:27.9 | you're not going to get get to be a part of our system uh right so they're going to start with a |
1:32.9 | carrot first always the carrot first the stick comes later just like the vaccines oh you're |
1:37.9 | free to trap this vaccine is going to save during the pandemic and then when uh people took it but |
1:42.9 | no one else taking it, they read the data. |
1:45.2 | Then they come out with a second thing. Eventually they bribe people and eventually they coerce |
1:49.2 | and force you to what, either take the vaccine and lose your job, right? So that was that, |
1:54.8 | but the same thing applies here, in my opinion. We're going to get the carrots first to get |
1:58.6 | people on board. You know, try this beautiful system. |
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