‘Cash Is Printed Freedom!’ – 530,000 Austrians demanded right to cash payments be added to Constitution

9:08 14.08.2023 •

After 530,000 Austrians signed a referendum petition calling for the right to cash payments to be enshrined in Austria’s constitution in 2022, Austria’s political class is refusing to move forward with adding this legal right, warns the Freedom Party of Austria (FPÖ).

“Nowhere else in the world is an everyday life without cash so clearly rejected as in Austria. We see this justified desire of the population, which is reflected in the popular petition ‘For unrestricted cash payment,’ as a concrete work order to the parliament!,” said Finance and Budget Spokesman of the Austrian Freedom Party (FPÖ) Hubert Fuchs during a parliamentary debate.

Although the referendum is not binding, in a country of 8.9 million, the fact that over half a million signed the referendum petition shows a broad level of resistance against the push for digital currencies promoted by central banks across the world and institutions like the World Economic Forum (WEF).

The FPÖ, known for its stance against Russia sanctions and its calls to stop immigration by building “Fortress Austria,” is currently the most popular party in the country, with polls putting it at approximately 27 percent. The party, although conservative, takes a skeptical view of unbridled free market capitalism, and argues that the government must protect against real estate speculators and provide generous cash benefits to encourage Austrians to have more children.

The party has also made the right to cash payments an intrinsic part of its platform, arguing that they ensure freedom from government oversight and also protect Austrians from predatory banks and credit card institutions.

Fuchs also said in his speech that implementing a financial system where only digital currencies exist would lead to an increase in money laundering and covert financing of terrorism, as according to him, digital and cryptocurrencies are a hotbed for criminality.

“This freedom of choice must continue to exist in the future. Cash is data protection in action. Cash is printed freedom. And another aspect should not remain unmentioned: Without cash, how are children supposed to learn how to handle money and thus how to do business? Money at their fingertips is very important for children. But it is not only important for children, but also for adults in terms of their own spending control,” explained the FPÖ finance and budget spokesman.

Fuchs may be referring to the practice of many consumers reverting back to cash to better control spending, which is a trend seen in the United States this year. Experts argue that using physical cash instead of electronic payments helps people better control and track their spending.

As Remix News previously reported, privacy and civil rights organizations have long advocated the right to cash with the argument that privacy, civil liberties, and finical security are at stake. Abolishing cash would force citizens to conduct all transactions through a digital medium, such as mobile payments, credit cards, or digital currencies. Banks and electronic mediums remain vulnerable to hacking attacks and even natural disasters, for example, if the power grid were to be knocked out.

The Swedish Civil Contingencies Agency, which is a part of the Ministry of Justice, warned in one report that a totally cashless society would be extremely vulnerable if the country were attacked or exposed to a natural disaster.

Even more worrying for some, digital money could one day be linked to political and social behavior in Western countries in a social credit system. Already, during the “Freedom Convoy” trucker protests against Covid-19 policies in Canada, the left-wing government of Justin Trudeau took the unprecedented step of freezing the bank accounts of protesters.


read more in our Telegram-channel https://t.me/The_International_Affairs