Thursday, June 30, 2022

Jörn König, June 23, 2022, Digital Euro

German Bundestag, Plenarprotokoll 20/44, pp. 4569-4570.

Right honorable Frau President. Right honorable colleagues. And before all: Dear savers!

The ECB has a project of which the public knows much too little. It wants to introduce a so-called e-euro; that is, digitalized central bank money, an ECB bitcoin, almost a central bank digital euro. The project is non-transparent and will be pulled through according to the motto of Jean-Claude Juncker: We decide something and wait. If then there is no great outcry and no revolt, then we go further, step by step, until there is no going back.

            Marie-Agnes Strack-Zimmermann (FDP): Ja, ja! You certainly know that!

We, the AfD delegation in the German Bundestag, hereby [Drucksache 20/2357] make a revolt against this central bank euro. There plainly still is a going back. We want transparency and demand first an information campaign on the formation of money in a central bank system, on the duties of the central bank and the prospects and risks of the e-euro; and then secondly a referendum according to Article 20 of the Basic Law on the introduction of the central digital euro.

Right honorable ladies and gentlemen, for the euro’s introduction there was at that time no referendum. Today we have inflation, debts, poverty and a shaky currency. The euro has already needed to be saved many times. We recall the “Whatever it takes” of debts master Mario Draghi. Thereby is to be noted: Always at the expense of Germany.

Yesterday evening on “Maischberger”, Peer Steinbrück said: The over-expansive monetary policy of the ECB is to blame for the inflation. He is right. Yet the duty of the ECB, according to charter, is the securing of price level stability. The arsonist ECB is today sold to us as a fire department.

A digitalized central bank money, as the ECB wants it, makes the two-stage banking system superfluous. Indeed in Germany we have 800 Volksbanken and 400 savings banks with a total of 340,000 co-workers. If that were a thing of the past, it would be the end of Germany as a financial venue and a definitive separation from our prosperity.

The risks of the central digital euro are enormous. The data protection is questionable. Negative interest rates could be directly subtracted from digital cash. And even the selective digital expropriation of unfavored persons would be possible; for example, from anyone who anywhere does not want to renounce his diesel, from anyone who wants to continue to make short trips by airplane five times per year, from anyone who does not want to be mRNA vaccinated. Such a central digital euro is a wet dream of Klaus Schwab and his Great Transformation. Away with that!

Just be sure that paper and coin money remain the only unrestricted, legal means of payment. To that belongs that one can settle his taxes with cash; since only cash is genuine.

Many thanks for your attention. And keep an eye on your money!

 

[trans: tem]