Skip to main content
We may receive compensation from affiliate partners for some links on this site. Read our full Disclosure here.

Austrians Take MASSIVE Stand Against Digital Currencies


2,967 views

Austrian citizens pushed back against the globalist digital currency agenda.

More than half a million Austrians signed a petition demanding a ‘right to cash payments’ be added to the country’s constitution.

In a country of 8.9 million, this is a massive showing of support for the “right” to pay with cash.

Also, it “demonstrates the growing movement against digital currencies promoted by central banks across the world and institutions like the World Economic Forum (WEF),” REMIX NEWS noted.

The deadline for submission of petitions regarding proposals for seven national referendums ended on Monday. As reported by the Austrian daily Kurier, the right to cash payments received the most support of seven different petitions, with 530,938 Austrians signing it.

Only petitions that receive the signatures of 100,000 citizens or more can force a debate in parliament on the topic. Given the overwhelming support behind the “right to cash” petition, there may be strong pressure to move forward with an effort to secure cash payments in the country.

Unlike Greece, the U.K., Scandinavia, and the Benelux countries, cash is still king in Austria, Germany, and Switzerland, which have all bucked the trend towards a cashless society. In Austria, 50 percent of all transactions are still conducted in cash, far above the European average of approximately 30 percent. Germans are also against digital transactions, with just 9 percent saying they would use mobile payments.

The effort to enshrine the right to cash payments in the country’s constitution has already been a topic for a number of years, with the Austrian People’s Party (ÖVP) already suggesting making a constitutional change to protect cash transactions in 2019.

Austrians may be especially sensitive to the enormous state power that would come with a completely cashless society. The academic, author, and specialist in economic psychology Erich Kirchler said that World War II still influences the thinking of Germans and Austrians regarding the dangers of giving too much power to the state.

Natural News highlighted the dangers of digital currencies:

Countries that are concerned about privacy, such as Germany and Austria, find that they do not want to give law enforcement and government authorities a direct window to all their transactions.

Some are also concerned that digital money could be linked to political and social behavior in Western countries in a social credit system that is similar to China.

It can also be tyrannical. For instance, during the “Freedom Convoy” trucker protests against COVID-19 policies in Canada, Justin Trudeau’s left-wing government took the unprecedented step of freezing the bank accounts of protesters, which resulted in more protests from civil liberty groups, saying that the authoritarian action was a flagrant abuse of power.

Many critics also worry that the action could serve as a template deal with protesters and dissent in the future.

If dissidents and government critics cannot keep their money outside their digital space, then there would be no way to hide their finances in case governments, such as what Trudeau did in Canada, take action against them.

Read prior reports on digital currencies below:

SIGN THE PETITION: Release The Epstein Client List!

WATCH: The Plot To Enslave Every Man, Woman, And Child Is Here—Why We Must Stop CBDCs

MUST-WATCH: Northern Ireland Financial Investor Melissa Ciummei “The Pandemic Will End When the Digital Monetary System Is In Place”

White House Unveils Framework for Regulating Crypto – Considers CBDC



 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Hey, Noah here!

Wondering where we went?

Read this and bookmark our new site!

See you over there!

Thanks for sharing!