Collapse is here, Capital controls going into effect in the USA!
Hidden within H.R. Bill #2847, is a little-known provision known as “FATCA.”
The first part of this law went into effect last year. The rest of it will roll out, piece by piece, through the end of 2018.
Few Americans have any clue about what this is—but FATCA actually stands for the “Foreign Account Tax Compliance Act.”
Like many problematic pieces of legislation, this one sounds innocent enough.
Already, we’ve seen two of the largest banks in the world, JP Morgan Chase and HSBC, set all sorts of new rules and regulations surrounding international wire transfers and how you can get your cash out of the bank. Many small banks have reportedly followed suit.
We’ve heard several reports already of banks now refusing to accept American citizens’ deposits. And this trend is likely to accelerate rapidly in the months to come.
But most importantly, this law may signify that a true currency crisis is much closer than most people think in America.
This new law is a clear example of what are known as “Capital Controls.” And this is exactly what broke and desperate governments do when they know the value of their currency is about to collapse.
We’ve seen governments around the globe pull these stunts over and over again… right before a currency devaluation or collapse.
And now it’s happening right here, in the United States of America.
FDIC Plans to Steal the Money in Your Bank Account
There’s a new front opening up in the war on your wealth. If you haven’t heard yet of the “bail-in,” you will. Even if you have, you need to know the latest…
The bail-in is another weapon in the government’s arsenal of capital controls meant to reward Wall Street cronies and separate you from your money.
We’ve long been familiar with capital controls, such as daily limits on bank withdrawals.
Add that to seven years of microscopic interest rates cannibalizing savers’ nest eggs combined with planned inflation stealing your money while you sleep. But unlike the drip-drip we’re used to,
The bail-in will come upon you quickly, harshly, and with finality.
The bankers recycled an old idea from the Great Depression’s playbook – next time, just steal bank depositors’ life savings.
They know the next meltdown will be your grandfather’s Great Depression.