For example, cash protects citizens from expropriation through zero and negative interest rates as well as from financial supervision.
“Without cash, negative interest rates can be pushed relatively far into the red,” said AfD finance politician Peter Boehringer. “We have a problem when cash no longer exists,” he added. “On the one hand, this expropriation becomes possible, on the other hand, total surveillance becomes possible – down to the smallest, most intimate detail.”
Anyone who can trace a financial trail would eventually learn everything about a person and could eventually “switch off” such an individual economically and socially.
It is true that the Basic Law stipulates that cash is the only legal means of payment in Germany. But this is not enough today. Therefore, the protection of coins and bills should be enshrined in Article 14 of the Basic Law.
Arguments against cash, said Boehringer, were “utter humbug”. The big money laundering actions take place via offshore accounts, not with the help of cash.
According to polls and statistics, Germans rely on cash more than other European nations. A survey conducted by the pollster Civey on behalf of Der Spiegel in August showed that almost half of all respondents prefer to pay in cash. Only just under a third “rather” or “certainly” use a card.