The Better Than Cash Alliance (Visa, Mastercard, Citibank, Bill Gates, USAID) coordinates the global war against cash from New York. Now, the city council there has decided to oblige all brick and mortar stores and restaurants to accept cash. The justification of the regulation is a low blow for the alliance’s financial inclusion propaganda…
On 27 March, the highest administrative court in Germany, the Bundesverwaltungsgericht, has referred my case to the European Court of Justice (ECJ) in Luxembourg. I have insisted to pay my legally required contributions to public radio and TV with the legal tender, euro cash. This is not possible according to their regulations. The Bundesverwaltungsgericht has ruled that there is indeed a requirement for all public institutions to accept cash based on §14 of the Bundesbank Act, which makes euro-banknotes legal tender. However, they will ask the ECJ to clarify, if this law is in agreement with higher ranking European law.
Two years ago, on 8 November 2016 at 8 pm, prime minister Narendra Modi declared most cash in India demonetised, starting a period of several months of severe cash shortage, which imposed a lot of hardship and suffering on the people. The National Herald India invited me to write a guest-comment on the occasion.
The Bundesverwaltungsgericht in Leipzig, Germany’s highest administrative court, has set the date for hearing my complaint against the refusal of the German public broadcasters to accept the payment in cash of the “Rundfunkbeitrag”. That is the fee that all Germans have to pay by law to finance public braodcasting. At stake is the meaning of legal tender. Can public institutions refuse to accept the settlement of a money debt by means of the legal tender? Aktenzeichen: BVerwG 6 C 6.18
My book in German* with the translated title: “Brave New Money: PayPal, WeChat, Amazon Go – A Totalitarian World Currency in the Making” has just been published by Campus. I have tanslated the “Introduction and Overview” and part of Chapter 1. I will publish this translation in two parts over the next few days. This is part 1.
The International Monetary Fund (IMF) in Washington has published a Working Paper on “de-cashing”. It gives advice to governments who want to abolish cash against the will of their citizenry. Move slowly, starting with seemingly harmless measures, is part of that advice.
As an esteemed member of the European public, you might be unaware that the EU-Commission is keen on knowing your opinion on possible restrictions on cash payments. Now you know. You should certainly let the EU know about your opinion, so they don’t make their decision based only on the input of those who make money on digital payments or want your data. You can answer the questionnaire in English or any other official EU-language. There is an opportunity to upload a document, in which you lay out your position on cash restrictions.