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Home Type Curated

Here Come “Programmable Dollars”: New York Fed and 12 Banking Giants Launch Digital Dollar Test

by Tyler Durden, Zero Hedge
November 15, 2022
in Curated, News
Digital Dollar

Editor’s Note: I’m not one to say “I told you so” but many have lambasted me in recent months for predicting this would happen. They said I was just trying to scare people into moving their wealth or retirement to precious metals. In many ways I technically was, but not for the sake of fearmongering or self-promotion. I am completely convinced this is the right way to go, which can be verified by the fact that I did NOT accept precious metals sponsors until last year. I didn’t buy into them during the Trump era because they weren’t necessary. Today, they definitely are. Here are the details about the plans unfolding before us by Tyler Durden at Zero Hedge…


Never let a crisis go to waste. Or a market crash for that matter.

With equity and bond markets stuck in brutal bear markets and providing a sufficient distraction to what is happening behind the scenes, the Fed and a group of banks have been quietly preparing for the next stage in the “organized crash” pipeline: the rollout of CBSC.

According to a statement by the New York Fed, global banking giants are starting a 12-week digital dollar pilot with the Federal Reserve Bank of New York, the participants announced on Tuesday.

Citigroup, HSBC Holdings, Mastercard and Wells Fargo are among the financial companies participating in the experiment alongside the New York Fed, which will provide a “public contribution to the body of knowledge on the application of new technology to the regulated financial system.”

Bank of New York Mellon, the money-laundering bank of the world, HSBC Holdings, PNC Financial Services, Toronto-Dominion Bank, Truist Financial and U.S. Bancorp are also participating in the test, along with payments network Mastercard.

The project, which is called the “regulated liability network”, will allow banks to simulate issuing digital money representing their customers’ own funds before settling through central bank reserves on a distributed ledger, the New York Fed said.

The pilot will test how banks using digital dollar tokens in a common database can help speed up payments.

The ONLY faith-driven, patriotic news curator that opposes the left AND the “woke right.”

“Programmable US dollars may be necessary to support new business models and provide a foundation to much-needed innovations in financial settlements and infrastructure,” Tony McLaughlin, managing director for emerging payments and business development at Citigroup’s treasury and trade solutions division, said in a statement Tuesday. “Projects like this, that focus on the digitization of central bank money and individual bank deposits, could be expanded to take a broader view of the opportunity.”

Earlier this month, Michelle Neal, head of the New York Fed’s market’s group, said it sees promise in using a central bank digital dollar (CBDC) to speed up settlement time in currency markets.

For years, Wall Street’s biggest banks have explored the use of blockchain in their businesses for everything from interbank payments to mortgages and cross-border trades. Still, this week’s move comes amid a rout in cryptocurrency markets following the collapse of Sam Bankman-Fried’s digital-asset empire last week.

In addition to weighing central bank digital currencies and compliant stablecoins, “there should be the option of leveraging the scale and economic value of bank deposits,” Raj Dhamodharan, Mastercard’s head of crypto and blockchain, said in the statement. The regulated liability network “is an innovative proof of concept led by the industry that could help shape how consumers and businesses view the credibility of token-based payments.”

The new network is meant to follow existing laws and regulations for deposit-based payments processing, including anti-money-laundering requirements. After the 12-week test, the banks will publicize the results, they said in a statement, though lenders “are not committed to any future phases of work” once the test is complete.

While the initial work will focus on simulating digital money issued by regulated institutions in US dollars, the concept could be extended to multicurrency operations and stablecoins, which are typically backed one-to-one by another asset such as the dollar or euro.

You may have noticed some conservative sites and shows have dropped MyPillow as a sponsor. They’re getting more money from others so they cast Mike Lindell aside. We will NOT stop supporting MyPillow or MyStore. Please use promo code “JDR” to support them AND us.
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Starting the Day With a Scripture-Inspired Roast Helps Center Your Thoughts on Eternal Truths Amid Temporal Pressures

The world can seem chaotic, especially right after we wake up. Many believers start their mornings reaching for something familiar — a hot cup of coffee — yet end up settling for mediocre brews that do little more than deliver a caffeine jolt. The daily grind of life, with its endless distractions, news cycles, and responsibilities, can leave even the most faithful feeling spiritually parched alongside their physical fatigue. What if your morning ritual could do more than wake you up? What if it could ground you in truth, nourish your body with exceptional quality, and quietly advance a kingdom purpose at the same time?

That’s the promise — and the reality — behind Promised Grounds Coffee. This Christian-founded company doesn’t just roast beans; it approaches every step as an act of worship and discipleship. By selecting only the top 10% of specialty-grade beans, ethically sourced from dedicated farmers in Central and South America, and small-batch roasting them with reverence in Austin, Texas, Promised Grounds delivers what many describe as the best coffee available — never burnt, never bland, but rich with origin stories and layered flavors that honor God’s creation.

From the vibrant Psalm 27 Roast (a light, bright medium option) to the bold yet peaceful 2 Timothy 1:7 Decaf, each bag carries a Scripture verse that turns your daily pour into a gentle reminder of faith. And through their Ounce Per Ounce Promise, every ounce of coffee you enjoy provides an equal ounce of clean water to families in need via partnership with Filter of Hope — literally brewing hope for body and soul, one cup at a time.

The challenge for today’s Christians runs deeper than finding a decent cup. In an age of convenience-driven consumerism, it’s easy to support companies that dilute values or remain silent on matters of faith. Many believers want their everyday choices — from what they drink to how they spend — to reflect discipleship rather than just convenience. Promised Grounds solves this by weaving Christian excellence into the entire process: beans nurtured with prayerful stewardship by farming families, roasted as an offering rather than a commodity, and packaged with Bible verses to encourage a mindset of gratitude and purpose from the first sip. Reviewers consistently praise the smooth, rich profiles — whether enjoyed black in a drip maker, iced on a warm day, or shared in fellowship — noting how the quality stands toe-to-toe with premium secular brands while delivering something far more meaningful.

This integration of faith and flavor addresses a real need in Christian households and ministries. Busy parents, church leaders, and remote workers alike report that starting the day with a Scripture-inspired roast helps center their thoughts on eternal truths amid temporal pressures. The coffee’s exceptional character — bright citrus notes in lighter roasts or deep chocolate undertones in bolder ones — comes from meticulous selection and careful roasting that respects the bean’s natural gifts rather than masking them. It’s the kind of coffee that elevates a simple quiet time, fuels productive workdays, or sparks meaningful conversations when shared at Bible studies or outreach events. And because it’s ethically sourced with integrity, every purchase supports sustainable livelihoods for farmers who treat their crops like family harvests.

For those leading churches or small groups, the impact multiplies. Promised Grounds offers bundles and options perfect for hospitality ministries, turning ordinary coffee service into an opportunity to point people toward the living water of Christ. Imagine greeting visitors with a warm cup whose very bag carries God’s Word — a subtle yet powerful witness that aligns with the Great Commission. The company’s Texas roots and commitment to “brewing hope” resonate especially with believers who value American enterprise paired with global compassion.

Of course, quality alone isn’t enough if the experience feels out of reach. Promised Grounds keeps it accessible with practical perks like free shipping on orders over $40, sample sets for discovering favorites, and thoughtful add-ons such as faith-themed mugs. Whether you prefer whole beans for fresh grinding, grounds for convenience, or even bulk options for larger households and ministries, the result is consistently superior coffee that makes discipleship feel integrated rather than added on.

As you consider how to align even the smallest habits with your walk with God, Promised Grounds Coffee stands out as a refreshing solution. It tackles the dual problems of subpar daily sustenance and disconnected consumption by offering a product that genuinely excels in taste while advancing a mission of clean water, farmer dignity, and scriptural encouragement. Believers who make the switch often describe it as more than a beverage upgrade — it becomes part of their rhythm of gratitude, a daily invitation to remember that every good gift comes from above.

If you’re ready to transform your mornings (and perhaps your church gatherings) with coffee that honors both exceptional craftsmanship and Christian values, I encourage you to explore what Promised Grounds has to offer. One sip at a time, you’ll be nourishing your body, refreshing your spirit, and participating in something far greater — all while enjoying what truly is among the best coffee available.

Tags: CBDCCentral Bank Digital CurrencyDigital DollarLedeProgrammable DollarTop StoryZero Hedge
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Comments 1

  1. Mr_Yesterday says:
    4 years ago

    Comments available here:
    https://noqreport.com/2022/11/15/here-come-programmable-dollars-new-york-fed-and-12-banking-giants-launch-digital-dollar-test/

    Yo, NoQ, land with the one main site already, this mirrored thing is tough to work with from a blogging perspective. The Daily Liberty is still linking to NoQ not America First, hence all the blog traffic. Perhaps consider an auto redirect sort of tool so you can just leave NoQ! as a place holder or something?

    When it comes to digital censorship it’s not the web owners responsibility to navigate, but rather the users whom would review the content. So instead of chasing the digital dragon by his tail, push some more articles and general guidance HOwz Tozz SHarezLinks (dot) cOMz, and such. It’s tedious but is a skill everyone will eventually simply have to adopt, how to read a web link, copy it, clean it up so it works, yet bypasses the language recognition censorship tools and such.

    Sorry big tech, censorship will never be as easy as typing in a web address you don’t want people to share. It’s like all these tech users have no clue how to program a modem or a router. A sad state of affairs for the power users of the world. People need to ditch the mobile tech and get back to high speed PC usage so they can actually take control and be power users. All the idiots of the world with cell phones, so self gratified like they know tech or something, they’re dummy toys for tiny minds. With over half of all internet users no longer even owning a PC, much less using them, we are losing the battle for internet control based on these consumer habits. The solution is not in always forming new sites or mirrored services, but rather promoting a classical wired high powered user in control personal computer experience, if accessing the internet through your ethernet. Cheers.

    (FYI, thanks for cleaning up the name entry tiles to enter blog name and email, they’re working better now.) Perhaps you could auto mirror all reader blog entry content across all your mirrored sites? That’s a technical feat which would work well and nobody would miss a beat, you could have like 10 different landing pages which could always change, if you could pull that one off. Real time congruent blog entry mirroring across multiple mirrored matching content websites, to be precise.

    Censor that! Gotcha again big tech. For every stupid move like shadow banning or site blocking or link blocking or whatever, there is a counter. Like I’m still lurking on twitter without ever needing a login. It’s an ad free experience, for real! All you do is click login, then click the back button. The method keeps changing but that’s what is working right now. Pick up someone elses written script line to block the annoying blue bar. It’s not rocket science. Think outside the box is all I’m saying. NoQ is much appreciated, had this site linked for a while now.

    Reply

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