Has Treasury deputized the Moderate Al Queda & ISIS rebels while hunting down US citizens? Seems so.
A law by the 2010 Congress, called FATCA (HR 2847, The HIRE Act, or “Jobs for Mainstreet Act”), has required all of the banks of all of the world to search out which of their resident customers are of American descent. They are required to look for indicia of their US birthplace within existing records. New customers at all of the world’s banks are required to acquire evidence whether their customers have been born in USA.
The latest and most up-to-date information about FATCA was recently assembled by a supporting branch of the minority party in the USA, and stored here: https://www.youtube.com/watch?v=zUism7KaqQ8&feature=youtu.be
It’s highly unusual that any country’s laws would have affect in all of the countries of the world and all of their banks. However, in this US law, all financial institutions are threatened with 30% sanctions if the rules are not followed. These sanctions are meant to be passed on to the affected US citizen. The sanction is not refundable. These sanctions act as a bounty upon finding any US citizen in any bank in any country of the world.
One might wonder why a US-government bounty upon a US citizen might ever have been envisioned by the 2010 Congress. It can’t be rationalized but it can be explained. As new costly programs have been introduced and as the source of government loans dries up, desperation has kicked in to find new money somewhere. The easiest political method was for the majority government to create the necessary propaganda against new taxation objects who could not defend themselves in media or Congress. Additional propaganda was created both domestically and internationally to create the belief that Congress was creating a law strictly to catch sophisticated domestic tax evaders hiding money in offshore accounts,without mentioning that they were really after US citizens living outside.
What better way for this congress to create “Jobs for Mainstreet” then by shaking down all US citizens living overseas?
FATCA is packaged with a previously-dormant demand upon US citizens to be taxed while outside the USA. USA’s law is unique to the rest of the world, who only tax those that reside within their borders. US had also, in practice, followed that norm, by ignoring those outside USA who were not filing. Another dormant rule requires ALL US citizens to report their assets yearly to a US crime unit called FINCEN.
FATCA’s planned take was calculated to capture new income in a few ways. Let’s hope that most US domestic citizens are honest, and that few have truly been hiding money overseas. Those that get caught should be caught according to normal enforcement procedures. However, the real money is made by finding US citizens overseas—the ones that had previously been left alone. The payback to the Treasury is a small amount of back taxes BUT A HUGE AMOUNT OF PENALTIES, which might range to 300% of the total assets of a US person overseas. This establishes 2010’s motive to place a bounty upon each US citizen found.
Let’s look at who what banks and where have been deputized by the 2010 Congress. It’s easy–it’s everywhere in the world with no reservations. Any bank anyplace that wants to deal in US securities or have financial relations with any other bank which might deal in US securities. Therefore, every bank in every country of the world has been deputized by the 2010 Conress and the standing Treasury dept to search out US citizens and to threaten to sanction 30% of any questioned asset, without refund.
First realize that the Administration and the media are telling you that Finland, Sweden, and New Zealand need to have these controls—because Americans are sending their money there in order to avoid taxation.
Next, realize that banks in other countries have been deputized to bounty-hunt US citizens. Let’s look in the database of qualified institutions at this location. http://apps.irs.gov/app/fatcaFfiList/flu.jsf
There are no banks in Syria who have been certified yet. However, there are 7 banks in neighboring Lebanon who are currently bounty-hunting US citizens. This is the country where ISIS fighters are harboring during the times that they are doing R&R from the war efforts.
Iraq has 55 banks which have been Treasury-deputized to search out and find US citizens. Afghanistan has 11 banks who can do the same. Imagine that the 2010 Congress and administration have enabled, entrusted, and demanded banks in war-torn countries to search out US citizens. Nearby Yemen, which only has periodic drone stricks has 19 certified US-citizen certified bounty-hunting banks. Libya, whose war is said to be over, has only 7 authorized bounty hunting banks.
Ukraine is still functioning as a country and supposedly does not have US actions underway. There are 201 certified FFI bounty hunters located there. It is not stated whether the bounty hunters are located in the Ukraine controlled areas or the Russian controlled areas.
Breathe a little easier. There are no FFI bounty hunters listed in the Evil Empire country of Iran, and North Korea isn’t even listed. For some reason, neither are there banks in Cuba who have volunteered to bounty hunt US citizens.
Russia seems to not be cooperating with the sanctions against it, however 897 of its banks have signed up to do the administrations bounty hunting. At this time, we have only minor squabbles with China over a few territory excursions and some trade issues, they have 577 certified bounty-hunting institutions.
A few others on the list are kidnapping-prone Nigeria: 82, Sudan with a little war of its own: 6, and the country that we love to disagree with, Venezuela: 63. And then there is Kosovo, which it seems that we have separated and “stabilized”, they have quite a few certified institutions, but the administration isn’t sure whether they want yet to say that they have decided to seced it.
So, there you have it—the list of all of the banks of the world that the 2010 Congress has deputized to bounty-hunt US citizens. A number of them are in ISIS and Al Queda regions. Does that Congress and this administration believe that they’ve only hired “moderate” bounty hunters in these locations?
Now you understand the logic of the 2010 Congress and the existing administration of the United States. They have deputized governments in dangerous regions. They trust bank personnel in Yemen, Afghanistan, Pakistan, Sudan, Burma, and Iraq to bounty hunt US citizens—that they don’t trust.
All rights reserved.
All respect deserved.