Louisiana Bans Cash Transactions on Used Goods!

Thursday, April 9, 2015
By Paul Martin

April 9, 2015

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

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!

The Rest…HERE

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