banking

Cash no longer King in Louisiana – New Law Bans It For Second Hand Goods

The government of Louisiana (and God knows who else) doesn’t want Americans to survive outside their usurious, racketeer infested economy. They simply can’t and won’t tolerate any effort we make to cut out the middleman. collapse-of-the-dollar

With the passage of House Bill 195 into law, the State of Louisiana has banned the use of cash in all transactions involving second-hand goods. State representative Ricky Hardy, a co-author of the bill, claims that the bill targets criminals who traffic in stolen goods. According to Hardy, “It’s a mechanism to be used so the police department has something to go on and have a lead.”

The bill prohibits cash transactions by “second-hand dealers,” defined to include garage sales, flea markets, resellers of specialty items, and even non-profit resellers like Goodwill. Curiously, it specifically exempts pawnbrokers from the ban. But of course, pawn shops – and not rented stalls at local church flea markets – are notorious as places that criminals frequent to convert stolen goods into quick cash. So what gives?

Are the authors of the bill and those who voted for it ignoramuses – or are they deliberately obscuring the real purpose of the bill? The answer is clear once we examine the other provisions of the bill. The bill goes far beyond banning cash transactions. As lawyer Thad Ackel notes, the bill requires:

… second-hand dealers to turn over a valuable business asset, namely, their business’ proprietary client information. For every transaction, a second-hand dealer must obtain the seller’s personal information such as their name, address, driver’s license number, and the license plate number of the vehicle in which the goods were delivered.

They must also make a detailed description of the item(s) purchased and submit this with the personal identification information of every transaction to the local policing authorities through electronic daily reports.

If a seller cannot or refuses to produce to the second-hand dealer any of the required forms of identification, the second-hand dealer is prohibited from completing the transaction.

The Crux (above) thinks it’s designed mainly to increase tax revenues, but I think the move is far more sinister. The government is effectively putting the final nail in America’s coffin.

House Bill 195 of the 2011 Regular Session (Act 389) broadly defines a secondhand dealer to include “… 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. ” The law then states that “A secondhand dealer shall not enter into any cash transactions in payment for the purchase of junk or used or secondhand property. 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…”

No one will comply with this onerous and invasive requirement, effectively hamstringing average Americans and bringing the second hand economy to a halt. Under the guise of “capital controls” our governments are waging war against working Americans.

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