I am surprised the "herd" media outlets have not picked this this up.
"Provision requires that foreign banks not only withhold 30% of all outgoing capital flows (likely remitting the collection promptly back to the US Treasury) but also disclose the full details of non-exempt account-holders to the US and the IRS."
So now, it is illegal to have a foreign bank account that is not in part of the US umbrella. If you trade the Asia/Europe markets with an overseas broker, you have to waiting until tax time to get back up to 30% of your profits? Unreal. This is the camel's nose under the tent as they do not want anyone to get out of the dollar. It's not about home many dollars that you have, but what can those dollars purchase. I really do not want gold to got to 10k an ounce since that will mean 1k US dollars today would be = to $10 in a 10k gold environment. But, the writing is on the wall.
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