General Discussion
In reply to the discussion: Warning! USA invading Canada and other countries. be aware if you are an US person living abroad. [View all]riverbendviewgal
(4,396 posts)I read the message....and what he said is true EVERYTHING!!!
PAUL CHAMBRES
Paul Chambres is a European Union Affairs Advisor based principally out of Paris, France. For the past two decades, he has helped North American businesses develop and implement strategies for investing and expanding operations in Europe. After growing up in North Carolina, Paul completed his undergraduate and graduate degrees in the United Kingdom. As a consultant, he worked extensively in Eastern Europe as the region transitioned to free market economies, before shifting focus to Western European markets. Paul is also a husband, father and die-hard conservative. He enjoys writing and blogging and has contributed to major publications in the United Kingdom and United States.
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COMMENTS; Which I agree with except that Obamacare is a disaster...I hope not but FATCA is going to destroy the world and the USA. read the links the commenter writes of.
Nervous InvestorDec. 2, 2013 at 11:50am
Thank God ! At last there is a report (with some understanding of what FATCA is about) on this outrage that is about to be foist on the entire world as extra territorial legislation from the USA. PLEASE go and read the multitude of articles on the isaacbrocksociety.ca blog and at Jaes Jattras StopFatca.com for facts on this issue.
If you think that Obamacare has been a disaster then you aint seen nothing yet. FATCA is set to gut the US economy over the coming decade
. it will cause Americans to be more isolated around the world, it will result in fewer tourists visiting the US, it will result in people and business worldwide starting to avoid the US when seeking stuff to buy, intellectual property or even investment. FATCA will cause higher banking and related costs on everyone worldwide including the poorest people in countries like India. Some people in the US are starting to wake up .. the Banking Associations of Florida and Texas realize that if they need to start reporting to other countries about accounts held in the US by citizens of those other countries then
. whoops
. bye bye deposits, sell down wall street, sell out real estate
.. move those investments to somewhere that has a little more respect for the people
some people estimate that foreign investment in the US is somewhere around $25 TRILLION
. what a fire sale that will make