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View Full Version : Legal tender made illegal for Louisiana second hand sellers



Treefarmer
10-17-11, 09:12 PM
This is totally absurd (http://e-lobbyist.com/gaits/text/343620/Louisiana-2011-HB195-Chaptered.pdf) and I'm not sure what to make of it.

Articles here (http://www.sott.net/articles/show/236218-Cash-Transactions-Banned-by-Louisiana-Government-Takes-Private-Property-Without-Due-Process), and here (http://www.prisonplanet.com/louisiana-prohibits-residents-from-using-cash-when-buying-selling-secondhand-goods.html), and a chat about it here (http://nexus.2012info.ca/forum/showthread.php?6705-Cash-Transactions-Banned-by-Louisiana-Government-Takes-Private-Property-Without-Due-Process).

David Merrill
10-17-11, 09:17 PM
I believe the real target is yard and garage sales. The objective is obscured but the US Dollar in FRN has no value anymore. Fractional lending has caused there to be no good faith and credit in the US Dollar alone. So even its use, with the surety of the US by signature bond of the Secretary and US Treasurer has become an act of granting credit. Even when you had somebody cash FRNs any more, you are requesting they extend you credit, in other words.

Get that?

Even when you hand somebody cash, the value of the FRN is so bereft, that you are asking them to trust you.

If you can wrap your mind around that then you will probably see why even cash transactions require your personal billing (bill of indictment) information. The recipient will be much more comfortable if you enter your appearance in criminal syndicalism so that if the bills fail to cover costs, they can come after a piece of you (your estate).

Treefarmer
10-18-11, 01:05 AM
Interesting perspective David; the thought of currency backing had not even entered my mind.

Last Friday DH and I were discussing barter of second hand goods and the intense local popularity of swap meets which we have been observing in our area.
We were on a shopping trip to a nearby town at the time. We only shop about once a week to once every other week, depending on weather and other activities, and every time we go to this town (about 30 miles from the treefarm) we notice more store closures, empty commercial real estate, and going-out-of-business sales. At the same time new thrift shops and side-of-the-road vendors of random stuff are springing up like fungi during a wet autumn.

DH was saying that he sees barter, horse-trading, and second hand sales as the new economic model, and that this will pinch the Federal Reserve District revenues. I concurred with his forecast while in the back of my mind this question formed:
how long will it take for the Fed Districts to try and curb this emerging economic activity and how will they do it?

It seems that outlawing legal tender for second hand sales by non-government-licensed sellers would be one way to do it.