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View Full Version : The Shocking Real Reason for FATCA, and What Comes Next




nbruno322
05-28-2014, 06:48 AM
Rand is the only politician I have ever heard speak out against this horrible law...

"FATCA isn’t about stopping tax evasion or collecting revenue, as the numbers clearly show. It’s all about setting up the architecture to the ultimate goal of establishing a global tax as envisioned by Piketty and his fellow travelers."

http://www.internationalman.com/articles/the-shocking-real-reason-for-fatca-and-what-comes-next

ClydeCoulter
05-28-2014, 07:11 AM
smh

nbruno322
05-28-2014, 02:09 PM
Sen. Paul Introduces Bill to Repeal Anti-Privacy Provisions in FATCA

http://www.paul.senate.gov/?p=press_release&id=793

Lucille
06-05-2014, 04:07 PM
http://armstrongeconomics.com/2014/06/05/liquidity-collapse-fatca-manipulations-or-both/


There is one man fighting against the FATCA trend. The settlement of the tax dispute between the U.S. and Switzerland has been blocked by Senator Rand Paul once again on Wednesday. This includes ratification of five control agreements, which includes the one with Switzerland. The agreement is intended to make it easier for Swiss banks to provide names of American tax evaders to the IRS and FBI. To settle the tax dispute, the Obama Administration has required customer names be turned over in addition to outrageously high fines.The US authorities have been targeting about a dozen Swiss banks, including Julius Baer and the cantonal banks of Zurich and Basel.

Paul explained his refusal centers on the concern that foreign governments would be simply in control of Americans worldwide. “We must not forget the innocent Americans that do not break the law and have a right to privacy.” Paul is demanding that the arrangements for the exchange of information be deleted from the agreement.

Rand Paul is effectively standing up against FATCA, but one man alone cannot save the world economy. The fact that he is standing tall on this issue deserves tremendous applause. Nevertheless, liquidity has collapsed and there is no putting this back in time to prevent the downfall that lies ahead.

Paul insists that the relationship of a citizen to his state, including his tax affairs, is a matter of constitutional privacy. Control of that information is highly dangerous and unconstitutional. Unfortunately, far more serious on the horizon remains the control information among countries. Citizens have not made a partnership agreement with the world community, yet are losing their privacy and have obligations imposed upon them by everyone. The G20 decided that this control information is automatically passed among nations in the future and have embarked upon the technical preparations to do so. The citizens of all countries have no democratic say in the G20 – this is purely a dictatorial consortium of governments sharing info to hunt down capital everywhere because they are incapable of running their operations legitimately or within the bounds of their fiscal responsibility.

It is a combination of these trends that is destroying the world economy, not just the manipulations of the money center banks that have been going on from controlling storage to fixing prices in commodities and interest rates.

The Destruction of the World Economy
http://armstrongeconomics.com/2014/06/03/the-destruction-of-the-world-economy/

Reid’s Multinationals
http://armstrongeconomics.com/2014/05/02/reids-multinationals/

The Man Who Thought He Was King And Wants to Rule The World – Harry Reid’s July 1st 2014 Anti-Freedom Act
http://armstrongeconomics.com/2014/04/06/the-man-who-thought-he-was-king-and-wants-to-rule-the-world/

LibForestPaul
06-05-2014, 06:38 PM
"FATCA isn’t about stopping tax evasion or collecting revenue, as the numbers clearly show. It’s all about setting up the architecture to the ultimate goal of establishing a global tax as envisioned by Piketty and his fellow travelers."

Global hate more like it; no financial reason to have any tax when all currencies are by fiat.

How does this work with the different farms. China, India, Russia, Israel, Saudi Arabia, Britain, Switzerland...all playing together...if not, then war.

nbruno322
06-05-2014, 07:35 PM
More than 77,000 foreign banks, investment funds and other financial institutions have agreed to share information about U.S. account holders with the IRS as part of a crackdown on offshore tax evasion, the Treasury Department announced Monday.

The list includes 515 Russian financial institutions. Russian banks had to apply directly to the IRS because the U.S. broke off negotiations with the Russian government over an information-sharing agreement because of Russia's actions in Ukraine.

Russia was negotiating one of these agreements when the U.S. broke off talks in March. Nevertheless, 515 Russian financial institutions applied to the IRS directly and have been accepted into the program. More could apply in the coming weeks.

http://bigstory.ap.org/article/77000-foreign-banks-share-tax-info-irs