Pay Legal Tender (Private Local Currencies) in This Place of Digital Dystopia

Editor's note: As more and more people and countries come to understand the digital threat CBDC pose to people, we are going to see a growing backlash and alternatives. The central bankers (IMF; BIS; the Fed; ECB) through their control over the media call these populist and "conservative" movements as being "far right." It must be emphasized this has absolutely nothing to do with being "conservative" or being "far right." This has everything to do with financial and monetary freedom to transact and contract in private with who you want to contract with using legal tender. An option for using cash is to develop and organize private networks in communities using local private currencies like this:

Private Bankers Will Not Take Us Down
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Source: Republic World

Austrian Leader Proposes To Enshrine Cash Use In Country's Constitution

While payments by card and electronic methods have become increasingly dominant in many European countries, Austria and neighboring Germany remain relatively attached to cash.

August 4, 2023

Austrian Chancellor Karl Nehammer speaking at a conference. Image: AP

Austria's leader is proposing to enshrine in the country's constitution a right to use cash, which remains more popular in the Alpine nation than in many other places. Chancellor Karl Nehammer said in a statement on Friday that "more and more people are concerned that cash could be restricted as a means of payment in Austria." His office said that the "uncertainty" is fueled by contradictory information and reports.

"People in Austria have a right to cash," Nehammer said.

While payments by card and electronic methods have become increasingly dominant in many European countries, Austria and neighboring Germany remain relatively attached to cash. The government says 47 billion euros ($51 billion) per year are withdrawn from ATMs in Austria, a country of about 9.1 million people. Protecting cash against supposed threats has been a demand of the far-right opposition Freedom Party, which has led polls in Austria in recent months. The country's next election is due in 2024.

Asked in an interview with the Austria Press Agency whether it wasn't populist to run after the Freedom Party on the issue, the conservative Nehammer replied that the party stands for "beating the drum a lot without actually doing anything for this." The chancellor's proposal, according to his office, involves a "constitutional protection of cash as a means of payment," ensuring that people can still pay with cash, and securing a "basic supply" of cash in cooperation with Austria’s central bank. Austria is one of 20 countries that are part of the euro area.

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