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In The News
   
 
 

 

In The News

 

September 24 - The criminalization of cash has now begun in America

Article: Technology For A Global Monetary System
 

A 2011 law in Louisiana that flew in well below the radar when it was enacted actually criminalizes the use of cash. This is part of what appears to be a growing trend in America as governments seek to track your personal finances.

As reported by the web site TechDirt in October 2011, an original version of the Louisiana measure did not ban cash transactions for second-hand goods at first. However, a final version of the legislation did institute such a ban. Mike Masnick, writing for TechDirt, noted that when he read the initial story posted at the KLFY news site, a local TV station, he thought such a notion was "crazy." He said the original version only required that anyone selling second-hand goods make a detailed recording of any cash transactions. However, it was amended "somewhere along the way" to ban cash transactions of second-hand goods. Retailers complained about the law, stating it would reduce sales.

A co-sponsor of the measure, state Rep. Rickey Hardy, passed the bill off as a law enforcement necessity. He said it would be useful in targeting criminals who steal anything from copper tubing to TVs and then sell them for a quick dollar. A paper trail would make it more useful for cops to track down the thief. "It's a mechanism to be used so the police department has something to go on and have a lead," he said

 

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