CBDC Is Coming For Your Money (Central Bank Digital Currency)

CBDC has been trending this week on Twitter. I am going to be explaining what it is, and why it is even worse than most people think.

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Neither Zach De Gregorio or Wolves and Finance shall be liable for any damages related to information in this video. It is recommended you contact a CPA in your area for business advice.

Time Codes:
0:00 Intro
1:09 CBDC Trending on Twitter
4:02 Government actions on CBDC
5:20 What is a stablecoin?
7:27 The Report on Stablecoins
9:17 How CBDC works
11:44 Issues with CBDC
15:35 Lael Brainard’s role with CBDC
20:05 The argument supporting CBDC
27:03 The government is being dishonest
30:59 The biggest risk of CBDC
34:42 Recommendations