According to Ackel & Associates*, the free usage of legal tender has been curtailed in the state of Louisiana to prevent certain cash transactions.
If you fall into the categorisation of "second hand dealer" then you may not transact in cash.
Under House Bill 195 of the 2011 Regular Session (Act 389), a second hand dealer is defined as:
"Anyone, other than a non-profit entity, who buys, sells, trades in or otherwise acquires or disposes of junk or used or secondhand property more frequently than once per month from any other person, other than a non-profit entity, shall be deemed as being in the business of a secondhand dealer. "
This translated into law states that:
"A secondhand dealer shall not enter into any cash transactions in payment for the purchase of junk or used or secondhand property.Â Payment shall be made in the form of check, electronic transfers, or money order issued to the seller of the junk or used or secondhand property"
This new legislation will be a steppingstone towards a digital wealth society within the state and a means for the state to increase its monitoring of all monetaryÂ transactions and destroying any potential black economy growth.
Transactions can only take place when a second hand dealer has taken intrusive details of the client, which includes driver's license and failure to comply on the part of the client will require the second hand dealer to end the transaction.
This completely goes against the free use of Legal Tender.
One would think the obvious knock on affect is that the paper trail of possible stolen goods can be traced back to those who handled exchange of goods but this is not the case seeing as pawn shops will remain exempt from the proposal because law enforcement is already notified by pawn shops of client's details….so what is the motivation behind such a law?
OK, this law was passed back on July 1st 2011 but it stands as testimony to the lengths that the state is prepared to go to in order to control the people who are now rising up as seen in the global #Occupy movement.
Personal freedoms are being trashed to herald a world reminiscent of the nightmare predictions laid down long ago by Orwell and Huxley.