The nooses tightens. Capital flow out of US to be restricted

[sofia]

:mad:

Obama's handlers pull another fast one. .....

Hidden in an obscure "Hiring Bill" is a provision to control the flow of capital out of the country. Even small-time investors (new rule starts at only $50,000) can be trapped by this....

When the value of Bernanke's printing press finally deteriorates (as it eventually must)...saavy investors can now forget about foreign currencies and investments as safe havens for their life savings.

Avenues of escape are being blocked in anticipation of people taking their money out of the sinking ship.. ...This dovetails nicely with another little known provision in the Health Takeover Bill .... the hiring of 16,000 new IRS agents to harass the citizenry.

11 Republican Senators (INCLUDING SCOTT BROWN!!!) and a propaganda news media helped to pass this "jobs bill"....which you can be sure won't create any more jobs than previous "jobs bills"...

welcome to Soviet America

...read about this new rule here... http://21stcenturywire.com/

[DapperDan]

:(

[Paul Revered]

Why wouldn't our government want us to ship our money overseas? If, as individuals, we make good investments in foreign currencies; wouldn't that strengthen our economy on the whole?

[WorldonaString]

So uhh this doesnt sound good at all.

[bchavez]

April fools?

[akforme]

All three of mine voted for it. 2 R's and 1 D

[dwdollar]

But guess what - if you are a foreign Central Bank, or if the Secretary determined that you are "a low risk for tax evasion" (unlike the Secretary himself) you still can do whatever the hell you want:

‘‘(f) EXCEPTION FOR CERTAIN PAYMENTS.—Subsection (a) shall not apply to any payment to the extent that the beneficial owner
of such payment is—
‘‘(1) any foreign government, any political subdivision of a foreign government, or any wholly owned agency or instrumentality of any one or more of the foregoing,
‘‘(2) any international organization or any wholly owned agency or instrumentality thereof,
‘‘(3) any foreign central bank of issue, or
‘‘(4) any other class of persons identified by the Secretary for purposes of this subsection as posing a low risk of tax evasion.

:mad:




http://picardfacepalm.com/picard-facepalm-hotlink.jpg

[dannno]

wow.