Posted on 10/20/2011 2:52:25 AM PDT by afraidfortherepublic
I would disagree with this analysis. Any store with a price on an item is offering a good for sale. When a prospective buyer takes it to the register he’s accepted the offer, is now indebted and his mandatory consideration is a federal note which by federal law is legal tender for all debts.
Basic Contract Law: Offer, Acceptance and Consideration.
If the clerk refuses payment I suppose you can just walk out with the item and tell them to bill you although I wouldn’t recommend it. ;-)
Thanks for the additional info. Interesting that they are exempting Pawn shops. You’d think that pawn shops would be a target for finding stolen goods. Guess the pawn shops have some really good lobbiest muscle.
is futile
Remeber they have gone after the banks for the debit card overdraft fees too. All done in the name of consumer protection and attempting to enforce the banks to turn cards on and off at the first sign of overdrafts.
Incremental changes that slip through without the public even realizing they are pawns on a giant chess board.
Follow this link and you can see how we are already being propagandized for these changes...it will be a matter of convenience to carry a 'card' loaded with 'cash.' (Getty Image)
As far as yardsales and craigslist etc. All of that stuff can be invoiced etc. immediately through paypal on your computer or data phone. A simple App to take your phone via the QR code to the billing page and another App to trigger the purchase. QR code easy pay...
Cash is going to go away.
What was all that talk about Jindal being such a strong conservative? Time for him to put up or shut up.
Yep. And favored classes of welfare leeches will keep getting their EBT cards topped off, quietly.
The government will know where every dollar goes and if it had been appropriately taxed.
Very, very frightening scenario, EBH. Control, control, control. Scares me to death...
Isn't nice to know that your state legislature has determined that you are involved in criminal activity even before you do anything?
Take a close look at his justification - prevent criminals from profiting from their illegal activity. Another clear case of protect the guilty and punish the innocent all in the name of "protecting the people from....(fill in the blank with the cause of the day of your choice).
What to make bet that he will not turn in any members of his personal staff or family if they break his new law?
Wow, every day we reach new lows.
Yup, our crooked politicians in Baton Rouge are messing with the coon-asses again (pawn shops are exempted from the bill, money went in somebodies pocket).
This bill won't last long, one way or another (repealed, shot down by the courts or just plain ignored).
In their dreams. This is a vast overreach of the statists’ tyrannical impulse.
It’s one way to close the so-called gun show loophole.
” The government will know where every dollar goes and if it had been appropriately taxed. “
Wonder if we’ll become familiar with the phrase “Whaddaya gotta trade??”
Things are getting curioser and curioser. I wonder if pesos will work instead?
Of, if you're buying "suspicious" stuff like firearms or used preparedness gear, *or* when/if they try it on new items whether you're buying the right food, too much gasoline, etc.
Cash is going to go away.
That is not what this chart says.
It appears to me that more currency is actually being printed, note the phenomenal increase in the printing of C-notes. Now who uses $100 bills so routinely that the Treasury had to more than double the manufacture of them in just four years? The printing of $20s went from $14B to $45B in one year. Granted, much of that is replacing retired cash, but if 20s last for two years and 100s for seven, then average that chart on currency expectancy rates and we have tons of new cash in the system. OK, so that is the empirical fact that, rather than "cash going away", even more of it is being put into circulation.
I have a Skype #, and the vast majority of the calls I get are from bill collectors looking for every Refugio, Laquisha and Alphonso that decided to use that number as a bogus contact. What this means to me is that there are plenty of people who either don't know, don't care or can't maintain a good credit rating which really hurts their chances of keeping a bank account. In fact, many people are threatening to leave their banks and the debit card if the monthly usage fees are assessed. That means they are moving from cashless to cash transactions.
The Entitlement class is so endowed with SNAP money that many convert the excess into drugs, lottery tickets and bling. The required intermediary step from SNAP to fraud requires going through cash and paying the vig to the Exchange. How exactly is that supposed to work in your cash-less model?
Because of high unemployment, forty-million illegal aliens and generous and fraud ridden disability, unemployment, pension and other benefits, many people do work under the table. I know of individuals who make minimum wage over the table, and are paid much more under the table so that they can claim EITC refunds plus be eligible for scores of Entitlements. This requires a huge cash subculture. Are drug dealers, fences and grifters really going to have a merchant account with American Express and Discover? Will the panhandler now accept Visa/Mastercard? How do you think bribes work? Now do you understand why billions of dollars more in untraced hundred dollar bills have been dumped into the market?
Because at least half of Americans are too irresponsible and destitute to have a bank account, either the government must amp up the CRA and force banks to open up bank accounts for the illegal alien and homeless bum, or nationalize all banks and universally distribute smart-card transaction devices. Like that is going to happen.
There is way too much underground economy that the government wants to maintain so that bribes, graft, fraud and abuse can be easily engaged in by the millions of government employees and their Entitlement customers. La Raza will demand that the underground cash economy continues. Drug Lords and Cartels from Mexico to the Sudan need cash, and our government is more than happy to liquidate our debt among the natives of Columbia and Afghanistan through the use of American C-Notes as the medium of exchange.
Then we have to consider the increase of identity theft and other electronic scams that have a reputation of draining bank accounts in a nanosecond. People are hoarding cash and gold in anticipation of a economic meltdown. If anything, people are running away from electronic currency. Say the word "EMP" and watch bank accounts drained and converted to Federal Reserve Notes and precious metals.
So there is really no strong pressure to move to a cash-less society by anyone's part. Rather, what you are interpreting as a government interest is really not about going cashless, but in controlling, abusing, looting and raping the middle class in the usual ham fisted way that characterizes the inept and corrupt government.
[Having a paper trail will make it easier for law enforcement.]
Why doesn’t law enforcement just work a little harder instead of forcing a business to use more expensive means of making transactions?
Just like gun control, it’s not about crime at all, it’s about control. AND...This way, when Obama’s idea of a 1%(for starters) transaction tax gets enacted by whatever entity gets it over on us, we all contribute to the ever increasing appetite the government has for money it will never manage well.
That is what Ghana has already done. The techology is out there. I worked in the banks when they started to mandate that SS and Welfare checks had to be direct deposited. Those kinds of accounts already exist to service that particular client.
Yes, right now they are printing money like crazy, but there is going to come a point where they retract it all. It will be done so Americans won't understand how much our money has been devalued. It will be done when the bank runs begin. Bank branches don't have your money in a vault in the back. The banks will close and then reopen with the new government issued cash card for all debt public and private.
A short time from now you will recall this post from a crazy FReeper...bookmark this thread.
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