We’ve been critical of several Obama Administration policies over the past few years…
But a new law set to go into effect on July 1st, 2014 (less than six months from now), might be the Administration’s worst decision yet.
On this date, Title V of House of Representative Bill #2847, known as “FATCA,” goes into effect. http://pro.stansberryresearch.com/1310PSIEANEW/LPSIQ295/ We believe this could precipitate a huge collapse in the U.S. dollar… and a rapid decrease in our standard of living.
Of course, we’re not the only ones who believe this new U.S. law is going to be a disaster for our country and American citizens.
Andrew Quinlan of the Center for Freedom and Prosperity says: “FATCA is pound-for-pound the single worst tax law on the books.”
Even the normally liberal Atlantic Monthly magazine said: “FATCA seems to be turning into a nightmare and disaster.”
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