Austrian leader proposes enshrining the use of cash in his country’s constitution


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............BRAVO!!!!!!

F* the UN and their self-proclaimed authority!

Ogee wrote: Sat Jul 29, 2023 5:05 pm Large speculators positioning as of Friday.

GBP net long - decreasing
Oil net long - increasing
Gold net long - decreasing
NAS net short - increasing
S&P net short - decreasing
AUD net short - unchanged
JPY net short - increasing
EUR net long - decreasing



Russia has become the fifth largest economy in the world and the largest in Europe, surpassing even Germany and the UK, according to statistics of the World Bank.

US debt skyrockets at an alarming rate, $5.2 Billion/day for the coming decade. By 2033, a staggering $50 Trillion debt projected, with over 20% of government revenue on interest alone.



Markets & Mayhem
@Mayhem4Markets
Bankruptcies in England and Wales are close to their Great Financial Crisis peak
- Rising rates and a slowing economy are increasing stress
- The housing market is under pressure as many mortgages mature in a short time period
- Inflation remains sticky and the highest of advanced nations

Jeffrey P. Snider @JeffSnider_AIP
2h
Lower consumer confidence in August partly from rising gasoline, but since April it's more about the failing economy and uncertainty (for now) in employment/jobs/income. Maybe the banking difficulties and aftermath aren't going unnoticed after all.