While capital controls recently have reared their ugly head in the EU, namely in Italy & Cyprus, many thought it couldn’t happen here. 
THEY WERE WRONG…


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The State of Louisiana has just passed new legislation BANNING cash transactions for used goods, mandating that any purchase be made via check, electronic transfers, or money order issued to the seller.

The draconian new law also requires all transactions to provide the State documentation of a description of the goods sold, and the client’s personal information including name, address, driver’s license number and the license plate number!

cash

 

LA House Bill 195 updates the original bill passed in 2011:

Every person in this state engaged in the business of buying, selling, trading in, or otherwise acquiring or disposing of junk or used or secondhand property, including but not limited to jewelry, silverware, diamonds, precious metals, ferrous materials, catalytic converters, auto hulks, copper, copper wire, copper alloy,  bronze, zinc, aluminum other than in the form of cans, stainless steel, nickel alloys, or brass, whether in the form of bars, cable, ingots, rods, tubing, wire, wire scraps, 10 clamps or connectors, railroad track materials, water utility materials, furniture, pictures, objects of art, clothing, mechanic’s tools, carpenter’s tools, automobile hubcaps, automotive batteries, automotive sound equipment such as radios, CB radios, stereos, speakers, cassettes, compact disc players, and similar automotive audio supplies, used building components, and items defined as cemetery artifacts  is a secondhand dealer.

Anyone, other than a nonprofit 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 nonprofit entity, shall be deemed as being engaged in the business of a secondhand dealer.

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 and made payable to the name and address of the seller.  All payments made by check, electronic transfers, or money order shall be reported 16 separately in the daily reports required by R.S. 37:1866. 

 

As Atty Thad Ackel of Ackel & Associates LLC notes, this law goes far beyond even the extraordinary step of banning cash transactions:.

The law goes further to require secondhand dealers to turn over a valuable business asset, namely, their business’ proprietary client information. For every transaction a secondhand 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 secondhand dealer any of the required forms of identification, the secondhand dealer is prohibited from completing the transaction.

This legislation amounts to a public taking of private property without compensation. Regardless of whether or not the transaction information is connected with, or law enforcement is investigating a crime, individuals and businesses are forced to report routine business activity to the police. Can law enforcement not accomplish its goal of identifying potential thieves and locating stolen items in a far less intrusive manner? And of course, there are already laws that prohibit stealing, buying or selling stolen goods, laws that require businesses to account for transactions and laws that penalize individuals and businesses that transact in stolen property. Why does the Louisiana State Legislature need to enact more laws infringing on personal privacy, liberties and freedom?

At least in Louisiana, the slippery slope towards full-fledged fascism has begun…

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  1. Right now I’m over 100% sure, that USA already has become total communist country!

    I lived in communist country half of my life, now I can compare my country and ussa, and I can tell you, ussa is already worse (and they just started couple of years ago)!

     

    • Why are you calling the US, and now the State of Louisiana, “Communist?” What they are doing is running a fascist police state. That has little to do with communism. True, the old Soviet Union was also a fascist police state, claiming it was communist. But it was just another kleptocratic oligarchy, not especially communist.

    • A valuable lesson to those that let their governor pass communist laws, and do nothing about it.I’ve eworked in La. For ten years now there’s a couple things I’ve learned about them:

      They tend to be lazy

      They tend to be racist against each other

      They tend to pack guns and say “[*****] When others tell them to do Shit they don’t agree with.

      After a few bayou boys get arrested for holding yard sales  theyll do something.

    • some laws are so corrupt that they must be disobeyed. This is one of those kinds of laws. i understand they want to make law enforcement easier but that is just their cover for implementing laws that take away freedoms and rights. we all see through it because it is blatant. Those who take away our freedoms like this are enemies of the people.. their kind of hatred knows no bounds.

  2. Louisiana can [****] themselves. Their government are a bunch of asses and need to be put down like rabid dogs that they are. We’ll see how that illegal law works out for them, and how long it takes (how many enforcement agents die) before its repealed.

     

  3. what a joke! first some villainous “russian” hackers brake in and steal info on millions of credit card info from the Target stores, then some time goes by and more big box stores get hacked,Home Depo blah blah blah.the fed and nsa did all they can to try and get everyone to go to cash by scaring them out of credit cards and blame high inflation on the demand for paper.THAT FAILED.now they pull the same chit with bank accounts at nothing,zero zilch,nada on interest rates on savings,again,trying their damnest to get folks to use cash………….ya know,so they can release the paper cracken,flood the pool,all while saying people are using mostly cash.THAT FAILED. every bit of lure they try to use has just been a miserable failure due to no one even giving a gnats ass about any of it. so now, the biggest frekin crooks down south want to all the sudden know what the hell your doing with your cash………………………what a joke.we actually pay scabs to make up this chit.  oh when oh when does the revolution begin?

  4. i really doubt that they will be able to enforce that law good luck with that..laughable unenforceable law. jimbob i don’t have a checking account, billy joe i don’t have a credit card, i won’t tell if you don’t –its just going to create a black market it will do nothing

  5. The message is clear:  Even for lifetime card-carrying Republicans, you need to control your own party and its elected officials.   So much for Gov. Bobby Jindal.   Only Libertarians stand for a Constitutionally-restrained government.  Republicans and Democrats are traitors to the Constitution.

    • “Republicans and Democrats are traitors to the Constitution.”

       

      Which is why some refer to them as “DemonCraps” and “Repooplicans”… both fulla chit.

       

  6. I sell antiques and collectibles at a local mall.  The government decreed that all vintage quilts and pillows had to be fumigated with a special and expensive bug killer (which you could only buy from the government).  The mall decided it didn’t want to deal with this, so they banned dealers from selling quilts and pillows.  This is the kind of mall run by people who collect rent and a commission so you don’t have to be there to sell.  I bet that if Pennsylvania enacted the same kind of law re reporting buyers and  sellers, the mall would close down because they wouldn’t want to deal with even more paperwork.  (The owner bitches to me every winter about the cost of fuel as well, so it wouldn’t take much to push her over the edge.)

    If that happens, it means I have to lug all my stuff to outdoor flea markets.  What is the government going to do, follow me around to see if I’m selling every week or not?  You know the real reason for laws like this: people are so strapped they are selling off their belongings for extra cash under the table in order to pay bills and eat.  Instead of going after the major corporations that pay no taxes, the government is coming after us because we haven’t been properly bribing the politicians to leave us alone.

     

  7. people… it is time to go and buy truckloads of 1oz silver coins. THAT will be the new black market money when the fiat paper collapses and they try to force a digital (another fiat rubbish) currency. looks like they have started in advance. stock up now.

    p.s.. notice how all the best stuff is put first: jewellery, gold silver, catalytic converters (platinum), diamonds, copper, etc. the rest eg: stereos, whitegoods are not the main target of this legislation, only a distraction. the catalytic converter is a dead giveaway as to what their real intentions are. they are now trying to restrict anything that can be used as a form of MONEY (something which holds REAL value unlike fiat paper) after the collapse. in particular precious and semi precious metals.

    • Years ago a built a machine for a guy to cut converters open to get either the pallets or that honey comb stuff out , he put that in barrels and shipped it to Europe to get it processed , he told me it took 30 full size converters to get a oz of platinum .something else one needs to watch is if a old jewelry shop closes , and comes up for lease go see if they had carpet in the back work area , lease the building , pull the rug and send it out to get recycled , and walk from the lease , a friend had a shop and when he closed he pulled his rug and sent  it out , they burn the rug to recycle it ,$18.000   in the rug from 8 years of use , they use to also keep all the vacuum bags from the back area and get it recycled also . This would probably work best in small towns as old shops close .

    • All in good time.  When frying fish, they always start with the biggest ones and end with the smallest ones.

       

      What irks me is when I go into a “convenience store” and all I have is a $50 or a $100 bill and because they don’t keep enough change on hand, they don’t want me to shop there… as if their inability to properly feed the cash drawer is somehow my problem.  It isn’t.  But I always remember the stores that do this and shop elsewhere.  The part about “convenience” isn’t about THEIR convenience, it’s about the convenience of their customers… IMO, of course.

       

  8. I wonder how much FIAT currency was printed and given to the Losiana State govt to be the ‘first’ state to enact such draconian measures.  This would have been unthinkable even 10 years ago. Really sad to see our once great nation ‘by the people,  for the people’ being slowly but surely turned into something sinister.

  9. So Bobby is for this shit? They can’t do it without his signature, right. If so, screw Jindel and Louisiana! Makes sense, as Louisiana folks have been voicing complaints about him on Mark Levin.

    • All the outrage is a little late.  Jindal signed this ‘cash ban’ into law four years ago.  You see, Bobby Jindal is no different from all the other sociopaths who gravitate toward positions of leadership. It’s a mental disorder.

  10. Lawzianna is as corrupt a state as there is outside of NY, CA, NJ and DC (not a state but you get what I mean)  The price of saving Nawlins from Kartrina?  This is it. Overeaching Mini Me state legislators throwing down another fascist thugocracy law to eliminate cash transactions. What Bull Shiite.

    Little  Bobby Jindal, a step and fetchit apparachik of the NWO.   All smiles and folksy  humor. “Hi y’all, I’m Bobby, guvna of this great state.

    Just as corrupt as you can get. Cheese eating little peckerwood.

    Lawzianna is a testing ground to see how the people of this state will put up with one more assault against real money or even dirty little pieces of paper posing as money.

    We did push back against Big Government when the Nevada State legislature passed  a bill making the local Sheriffs the supreme law of the land per the state constitution and ahead of every Federal government agency.

    This bill was named for the Bundys.  It puts a pretty good road block in front of the Feds and their Harry Reid land grabs.   It looks like another blow against Reid,  the Dems punching bag.  Blind in his right eye and stupid in his left,  I doubt if he can take another beat down

    Message here!  People can take back the reins of power if they want to  It takes will, effort and grassroots heavy lifting but it can be done.

    The people of LA need to march on the capital and take the high road and anything else needed to take back their power.  Sad part is this.  I doubt if they will.  Too much free stuff makes people stupid and lazy

    • “Lawzianna is as corrupt a state as there is outside of NY, CA, NJ and DC…”

       

      Don’t forget our dear friends in Illinois.  They have GOT to be high on any corruption list we can come up with.

       

  11. Just to be clear, this appears to be dealers buying from individuals, have to pay by a trackable means.  I don’t see where this says if YOU buy from a dealer, you can’t use cash to buy goods.

    I would imagine the intent of the law was to slow up dopers selling stolen goods (not that it will that much….scrap metal maybe….but anything else they will simply private sale).

    The local scrap yard here in my State has done this for years.  You have to furnish them with ID for ANY sale (for copper, they mail you a check), they give you a ‘voucher’ which you go outside and feed into the ATM for cash….they keep no cash in the office.

    I think a lot of you’all are making a mountain out of a molehill.

    • “I think a lot of you’all are making a mountain out of a molehill.”

       

      Maybe so, but then liberty is usually lost in the very same way that ants devour an elephant… one tiny bite at a time.  The trick is to not spook the elephant too soon.

       

    • “A secondhand dealer shall not enter into any cash transactions in payment for the purchase of junk or used or secondhand property.”

       

      A dealer can’t pay cash for his inventory. (I assume to stop theft)

      Doesn’t say he can’t accept cash for it when selling.

      Also says anyone that buys/sells more than once a month shall be considered a ‘dealer’…..but as a practical matter, that would be virtually unenforceable if someone was simply going to flea markets every weekend…..there just isn’t the manpower to track it.  But set up a permanent location (like a pawn shop), and you’d have to comply.

    • Not to nitpick but “Payment shall be made in the form of check, money order or electronic wire transfer” pretty much rules out gold/silver.  Not that it matters that much anyway, as someone else aptly noted, the law is virtually unenforceable. This brilliant piece of legislation only reinforces the obvious ineptitude of the body politick by serving to encourage black markets, reduce state tax revenue, increase costs associated with enforcement efforts, and engender further distrust of government. Just because you have been elected to legislate doesn’t mean that you have a mandate to dream up and pass stupid laws. Used Goods, Louisiana public enemy #1, they really should create a state enforcement agency for that.

    • And how did you arrive at THAT from reading the article ?

      The HEADLINE would have you believe that….which is why the headline is inflammatory bullshit, designed to get a rise.  That’s why one needs to learn to separate the wheat from the internet chaff.

       

      Shame on  you, Doc.  There actually is plenty of stuff to worry about without making up crap.

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