Black People Politics : New Currency Law Now in Effect—Could Be Devastating for Anyone Holding U.S. Dollars

Discussion in 'Black People Politics' started by RAPTOR, Apr 22, 2015.

  1. RAPTOR

    RAPTOR Well-Known Member MEMBER

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    Hidden within H.R. Bill #2847, is a little-known provision known as “FATCA.”
    The first part of this law went into effect last year. The rest of it will roll out, piece by
    piece, through the end of 2018. Few Americans have a any clue about what this is—but
    FATCA actually stands for the “Foreign Account Tax Compliance Act.”

    Like many problematic pieces of legislation, this one sounds innocent enough.
    But it has major repercussions—which could expedite a worldwide flight from the U.S.
    dollar and ultimately result in billions in potential losses for U.S. citizens.

    For another, this law makes it increasingly difficult, if not impossible, for the average
    American to get some of his money out of U.S. dollars, and into more stable currencies
    via foreign banks.

    Read more: http://thecrux.com/dyncontent/psi-5-book_newcurrencylawnowineffect_cid_03022015/?cid=MKT015071&eid=MKT024679&utm_source=taboola&utm_medium=countercurrentnews-countercurrentnews&utm_term=New+U.S.+Currency+Law+Now+In+Effect&utm_content=http://cdn.taboolasyndication.com/libtrc/static/thumbnails/532bc4e92f9bb27006c01bc181658c9c.jpg
     
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