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[mrdecember123]

OT: LONGTERM IMPLICATIONS FOR THE SECTOR: Louisiana Outlaws Cash Transactions for Used Goods

Louisiana-Legislature

armstrongeconomics.com / by Martin Armstrong / April 15, 2015

Louisiana has passed a bill that makes it ILLEGAL to pay for used goods with cash. You can no longer buy something at a yard-sale, flee market, or wherever paying cash. You must pay by check, money order, or electronic transfer. They claim this is targeted at criminals. Ya – good explanation, but totally unrealistic. The State is named after the King of France so it is not so unusual to see Louisiana adopt the same policies in France.

Most people are also unaware that the law in Louisiana is NOT the same as the rest of the nation. They did not follow English common law, but French. A jury trial does not require unanimous consent, instead, it is simply the majority.

Armstrong Economics