Posted on 10/20/2011 2:52:25 AM PDT by afraidfortherepublic
YOU HAVE TO READ THIS!
This is the first story I have read on this.
It said the new law was passed during a busy legislative session.
Nowhere did it say that Governor Bobby Jindal had signed it into law. If he did, that would shock me.
Doesn’t this conflict with “this note is legal tender for all debts, public and private”?
Where did you get a 5 dollar bill? I haven't seen one of those in years. I had a one dollar bill the other day but had to spend it.
I can’t believe the people of Louisiana are standing for this...
It’s not a debt.
You don’t owe anything, you are purchasing something.
A store can refuse to accept cash, and many do.
No.
http://www.treasury.gov/resource-center/faqs/Currency/Pages/legal-tender.aspx
Legal Tender Status
I thought that United States currency was legal tender for all debts. Some businesses or governmental agencies say that they will only accept checks, money orders or credit cards as payment, and others will only accept currency notes in denominations of $20 or smaller. Isn’t this illegal?
The pertinent portion of law that applies to your question is the Coinage Act of 1965, specifically Section 31 U.S.C. 5103, entitled “Legal tender,” which states: “United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues.”
This statute means that all United States money as identified above are a valid and legal offer of payment for debts when tendered to a creditor. There is, however, no Federal statute mandating that a private business, a person or an organization must accept currency or coins as for payment for goods and/or services. Private businesses are free to develop their own policies on whether or not to accept cash unless there is a State law which says otherwise. For example, a bus line may prohibit payment of fares in pennies or dollar bills. In addition, movie theaters, convenience stores and gas stations may refuse to accept large denomination currency (usually notes above $20) as a matter of policy.
All of which bear "the mark" without which none may buy or sell.
So we will have foreigners acting as land-barons? Yeah...that'll really fix things right up ....
“They thought gold confiscation wouldn’t be enforceable either..”
Yep... you are right. This is very concerning to me. Do you know how much stuff I purchased from yard sales and Craigslist?! If LA does this... other states will follow.
I believe Louisiana is violating a federal law by doing this.
(What’s next? No transactions unless you have a special mark on your forehead or hand?)
“... it becomes impossible for men to live without breaking laws”.
I think back on the laws when I was a kid and how many MORE we have today. Tons of them. Things my parents and neighbors did then.. would have resulted in fines/arrests today. When the good become bad and the bad become the good...
very simple, send out an undercover cop with cash. Criminal records are lethal to most careers so most people will comply.
About 8 yrs ago, here in WV, my young son had no bank account or debit card. He went to the Sprint store to pay his cell phone bill with cash. They refused to accept it. They told him he could only pay with a check or card.
He showed them the “legal tender for all debts” on his cash and argued until they finally accepted his cash but made him add a $5 service charge.
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