Why a CBDC is Inevitable and Will Be Amazing!

It stirred a lot of frustration and controversy when the World Economic Forum (WEF) announced, “You will own nothing and be happy.” Here’s why a CBDC is coming and why you should look forward to owning nothing and being happy :)

Scott Debevic
7 min readAug 30, 2024

--

Picture created by ChatBox

Many people hear the term “central bank digital currency” and shudder at the thought of the government's complete control and surveillance of our money. I’m here to explain that a CBDC is coming to a country near you, why it makes sense to embrace it, and all the great things it will do for us.

A CBDC is a digital form of money created and distributed by the country’s central bank. You know, those guys and gals in suits who speak monotonically about boring things like interest rates, inflation, and employment data. You are possibly familiar with some of the US Federal Reserve (name of the US central bank) presidents, including Jerome Powell (current leader), Janet Yellen, Ben Bernanke, Alan Greenspan, and (if you are really old) Paul Volcker.

Improvements and access to technology have improved so much in the 21st century that we are long overdue to have a 100% digital financial system managed by the people we vote to manage our central…

--

--

Scott Debevic

My goal is growing wealth and earning passive income. Mainly focused on Bitcoin and crypto. Feel free to contact me at: scottdebevic@gmail.com