Apparently cash is no longer legal tender
10-20-2011, 11:16 AM
#1
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Apparently cash is no longer legal tender
Too hard for Big Brother to track you.
http://www.klfy.com/story/15717759/s...and-dealer-law
http://www.klfy.com/story/15717759/s...and-dealer-law
Cold hard cash. It's good everywhere you go, right? You can use it to pay for anything.
But that's not the case here in Louisiana now. It's a law that was passed during this year's busy legislative session.
House bill 195 basically says those who buy and sell second hand goods cannot use cash to make those transactions, and it flew so far under the radar most businesses don't even know about it.
"We're gonna lose a lot of business," says Danny Guidry, who owns the Pioneer Trading Post in Lafayette. He deals in buying and selling unique second hand items.
"We don't want this cash transaction to be taken away from us. It's an everyday transaction," Guidry explains.
Guidry says, "I think everyone in this business once they find out about it. They're will definitely be a lot of uproar."
The law states those who buy or sell second hand goods are prohibited from using cash. State representative Rickey Hardy co-authored the bill.
Hardy says, "they give a check or a cashiers money order, or electronic one of those three mechanisms is used."
Hardy says the bill is targeted at criminals who steal anything from copper to televisions, and sell them for a quick buck. Having a paper trail will make it easier for law enforcement.
"It's a mechanism to be used so the police department has something to go on and have a lead," explains Hardy.
Guidry feels his store shouldn't have to change it's ways of doing business, because he may possibly buy or sell stolen goods. Something he says has happened once in his eight years.
"We are being targeted for something we shouldn't be."
Besides non-profit resellers like Goodwill, and garage sales, the language of the bill encompasses stores like the Pioneer Trading Post and flea markets.
Lawyer Thad Ackel Jr. feels the passage of this bill begins a slippery slope for economic freedom in the state.
"The government is placing a significant restriction on individuals transacting in their own private property," says Ackel.
Pawn shops have been forced to keep records of their clients for years. However under this bill they are still allowed to deal in cash.
Doug MacDiarmid
But that's not the case here in Louisiana now. It's a law that was passed during this year's busy legislative session.
House bill 195 basically says those who buy and sell second hand goods cannot use cash to make those transactions, and it flew so far under the radar most businesses don't even know about it.
"We're gonna lose a lot of business," says Danny Guidry, who owns the Pioneer Trading Post in Lafayette. He deals in buying and selling unique second hand items.
"We don't want this cash transaction to be taken away from us. It's an everyday transaction," Guidry explains.
Guidry says, "I think everyone in this business once they find out about it. They're will definitely be a lot of uproar."
The law states those who buy or sell second hand goods are prohibited from using cash. State representative Rickey Hardy co-authored the bill.
Hardy says, "they give a check or a cashiers money order, or electronic one of those three mechanisms is used."
Hardy says the bill is targeted at criminals who steal anything from copper to televisions, and sell them for a quick buck. Having a paper trail will make it easier for law enforcement.
"It's a mechanism to be used so the police department has something to go on and have a lead," explains Hardy.
Guidry feels his store shouldn't have to change it's ways of doing business, because he may possibly buy or sell stolen goods. Something he says has happened once in his eight years.
"We are being targeted for something we shouldn't be."
Besides non-profit resellers like Goodwill, and garage sales, the language of the bill encompasses stores like the Pioneer Trading Post and flea markets.
Lawyer Thad Ackel Jr. feels the passage of this bill begins a slippery slope for economic freedom in the state.
"The government is placing a significant restriction on individuals transacting in their own private property," says Ackel.
Pawn shops have been forced to keep records of their clients for years. However under this bill they are still allowed to deal in cash.
Doug MacDiarmid
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10-20-2011, 12:12 PM
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What an idiotic law. I hope the uproar gets it repealed. However getting a bad law repealed is 10x harder than getting a good one passed.
Nobody ever thinks what the unintended consequences might be. Such as, that poor people with no checkbooks nor credit cards will have difficulty buying used goods from shops. That thieves will just sell goods for cash for even lower prices, out of Craigslist. Or that a network that brings stolen goods out of state will pop up.
The justification is always "to catch criminals/terrerists".
Anyone ever think that the cure might be worse than the disease?
Anyone ever realize that this is a bonanza for Big Brother/IRS/taxation?
Nobody ever thinks what the unintended consequences might be. Such as, that poor people with no checkbooks nor credit cards will have difficulty buying used goods from shops. That thieves will just sell goods for cash for even lower prices, out of Craigslist. Or that a network that brings stolen goods out of state will pop up.
The justification is always "to catch criminals/terrerists".
Anyone ever think that the cure might be worse than the disease?
Anyone ever realize that this is a bonanza for Big Brother/IRS/taxation?
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10-20-2011, 03:51 PM
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It's not a "conspiracy". It's merely the result of the masses believing in that all of society's problems need to be solved with more laws. Laws = more power to gov't. And gov't is the wrong institution for solving most problems.
Society solves many problems on its own. The belief that only gov't can solve some problems, plays into the hands of the power elite.
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10-20-2011, 10:21 PM
#8
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Wait, I thought cash was evil. You know, the whole "central bank issues fiat currency causing us to all become slaves" thing?
Anyway, cash hasn't been legal tender in any state for years, provided that you happen to be 30,000 feet above that state in a commercial airliner and wish to purchase a meal or a glass of wine.
Anyway, cash hasn't been legal tender in any state for years, provided that you happen to be 30,000 feet above that state in a commercial airliner and wish to purchase a meal or a glass of wine.
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10-20-2011, 10:29 PM
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Cash isn't evil, neither is currency. Unbacked currency in and of itself isn't either. Monopoly control over currency is evil.
Anyway, cash hasn't been legal tender in any state for years, provided that you happen to be 30,000 feet above that state in a commercial airliner and wish to purchase a meal or a glass of wine.
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10-20-2011, 11:25 PM
#11
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The difference is that said airline is run by a private business and they can choose to not take cash.
United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues.
Hence the words "This note is legal tender for all debts, public and private" which are imprinted on every bill.
When the gov't passes a law outlawing the use of cash, both parties may be happy to use cash, but the gov't steps in and says "no you can't".
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05-02-2012, 11:16 AM
#13
That's just some old bro using old money.
Common sense says don't use old bills/coins.......cause they're worth more anyways! lol
I must have missed this thread when it was opened.
Pass a law to take away cash transactions and there will still be cash transactions. End of story.
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