‘Cash Is Printed Freedom’ – 530,000 Austrians Betrayed After Referendum On Cash Payments In The Constitution

‘Cash Is Printed Freedom’ – 530,000 Austrians Betrayed After Referendum On Cash Payments In The Constitution.

A world without cash would lead to “financially incapacitated” citizens, argues the Freedom Party of Austria.

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). It was the 13th most popular referendum in the country’s history. However, the center-right Austrian People’s Party (ÖVP), which has long been said to have backed the right to cash, is now joining the left-wing parties of Austria and blocking all attempts to add this right to the country’s constitution.

FPÖ says ‘cash is freedom’

Fuchs sees the great support for the petition as a clear mandate to the National Council, which is one of the two houses in Austria’s parliament.

“The initiators and supporters of this petition do not just want words of thanks. Rather, it is a concrete request to the National Council to ensure that the federal government finally gets its act together. But let me report from the finance committee: Our motion for the preservation of cash was once again rejected by the ÖVP. So it’s all just lip service and fine words, while these are not followed by action,” said Fuchs.

The ÖVP is reportedly attempting to blame their coalition partners, the Greens, but the FPÖ rejects these claims. Fuchs argues that if “nothing can be brought forward in the country (through legislation), one should step soon again to the ballot box — the republic would be served thereby very much.”

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.

“We, the Freedom Party — in contrast to all other parties — have already been campaigning for years for the preservation of cash as well as for the anchoring of the right to cash payments in the constitution. This was also included in the ÖVP-FPÖ government program (of the previous government), but unfortunately could no longer be implemented. And I wonder why, if all parties are in favor of preserving cash, especially the Austrian People’s Party (ÖVP), they have not tabled a motion on this today?” asked Fuchs. “According to the current legal situation, there is no real obligation to accept cash. The relevant legal provisions need to be tightened up here.”

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.

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