BradyBear Posted January 22, 2015 Report Share Posted January 22, 2015 (edited) We may not be in the Clear with President Bambam and Big Brother(IRS) The attached File is Safe and contains No Bugs except the one Crawling the White House. The IRS Threatens Our Allies to Turn over Your Data Written by Damon Geller As the U.S. spirals toward insolvency due to massive over-spending and Fed money-printing, the U.S. government is pulling out all the stops to gain access to your money – no matter where it is across the globe. First, the government started seizing citizen bank accounts with no due process. Then, the Department of Justice and local police started seizing cash from innocent citizens. Now, the IRS is threatening foreign nations and financial institutions across the globe to turn over your private data and financial accounts, with the threat of financial warfare if they don’t comply. They're even threatening our very allies, despite the fact that they have no authority whatsoever over foreign nations! The scary fact is, our desperate government is gaining increasing access to your savings & retirement, and there’s only ONE thing you can do to prevent outright confiscation. The IRS Threatens Financial Warfare You may have heard of FATCA, the Foreign Account Tax Compliance Act, which took effect in 2014. FATCA requires foreign banks to disclose the identity and details of Americans with foreign accounts. Now, the IRS has unleashed a new data exchange to implement the law, called the International Data Exchange Service (IDES). Financial institutions worldwide are now forced to use IDES to send the IRS information reports on financial accounts held by all U.S. persons, under the threat of financial warfare if they don’t comply. So far, over 145,000 financial institutions have registered through the IRS FATCA Registration System. How much of our private data gets reported to the IRS? Foreign Financial Institutions must report our account numbers, balances, names, addresses, and U.S. identification numbers. If they do not, they will receive a FATCA letter warning them to comply, or else. What happens if a financial institution doesn’t comply with U.S. demands? FATCA cuts off companies from access to critical U.S. financial markets if they fail to pass along American data – tantamount to financial warfare against many of our own allies. Fearing the wrath of the U.S. government, more than 100 nations have agreed to the law, including the Vatican! Even Russia and China have been intimidated into signing on. Scary Overreach How serious a concern is IDES? Forbes wrote, “Never before has an American tax law attempted such an astounding reach.” And it’s frighteningly true. The U.S. government, at the command of the IRS, now extorts financial institutions around the globe into providing data they have no legal requirement to provide – all in the name of getting access to your accounts. To understand how serious this is, imagine you were a bank manager in the U.S., and suddenly the Chinese government sent you a threatening letter demanding that you turn over private data on thousands of your customers! If you think you’re safe because you don’t hold any foreign accounts, think again. The problem goes much deeper than foreign accounts. IDES is just one in a series of maneuvers the U.S. government has engineered to gain access to your cash, savings & retirement anywhere in the country or across the globe. A Disturbing Trend of Gov’t Confiscation For starters, The Financial Industry Regulatory Authority, which oversees how investments are sold, proposed what it calls CARDS – Comprehensive Automated Risk Data System – which is an electronic system that will regularly collect data on balances and transactions in all 4100 brokerages nationwide. CARDS is disguised as a way to “protect” investors, but the system is clearly designed to have detailed information on the structure & location of every citizens’ investments. Since the government needs us to support its debt (because outside interests no longer do), wouldn’t it be convenient to know and control the structure or every investment portfolio in America? What’s more, in his previous State Of The Union Address, Obama announced the creation of the MyRA. MyRA means your retirement money will now be used to pay for U.S. debt. The MyRA is nothing more than an investment scam being sold to the American people as a you-can’t-lose, zero-risk investment. The reality is, since the Fed can’t conjure up money from thin air to buy the debt anymore, and our foreign friends don’t want our debt anymore, Obama needs to sell it to you and me. Not scary enough for you? How about the government confiscating your money in the bank? A recent bombshell from the New York Times exposed that the nation's biggest banks have willingly turned bank accounts over to the government for total confiscation. It's all done in secrecy, often initiated by the bankers. Tragically, bank account holders don't even know they're being targeted until after the money is seized from their accounts. The banks' deplorable actions have resulted in millions of dollars stolen from U.S. citizens without a shred of due process. And in 80% of the cases, no criminal charges were ever filed. As the New York Times reported, banks filed more than 700,000 suspicious activity reports last year alone, and the median amount seized by the IRS is $34,000! Maybe you think your money is safer as cash in your hands? Think again. As reported by the Washington Post report, the executive branch of government has seized money from thousands of innocent U.S. citizens with absolutely no due process. Police departments around the country, at the command of the Justice Department & Homeland Security, have confiscated money from over 200,000 citizens – in some cases tens of thousands of dollars – even though many of them committed no crime! The Washington Post obtained a database from the Justice Department containing details about 212,000 seizures, likely totaling in the hundreds of millions of dollars or more. Edited January 23, 2015 by Markinsa Added Text of Attached File Link to comment Share on other sites More sharing options...
timN Posted January 22, 2015 Report Share Posted January 22, 2015 This is just to hard to believe. I realize that this government is bad, but to steal money out of accounts without due process it just stretching it. It would be nice to hear what Adams thoughts are on this. 1 Link to comment Share on other sites More sharing options...
nannab Posted January 22, 2015 Report Share Posted January 22, 2015 Thank you Bradybear. I LOVE your pet name for what's his name. Link to comment Share on other sites More sharing options...
mokie775 Posted January 23, 2015 Report Share Posted January 23, 2015 wwwwwwwwwwwwwwwhhhhhhhhhhhhhhhhhaaaaaaaaaaaaaaaaattttttttttttttttttttttt????????????????????? Link to comment Share on other sites More sharing options...
marvel Posted January 23, 2015 Report Share Posted January 23, 2015 This is why I keep all my money under my mattress, just like my grandpa did so many years ago.... Link to comment Share on other sites More sharing options...
gymrat76541 Posted January 23, 2015 Report Share Posted January 23, 2015 (edited) I doubt the facts as they are presented. Taking peoples money without due process? Nah, ain't believing that one! Taking illegal funds undeclared from overseas banks - yeah, that one I can believe! Rich folks have been keeping money hidden in overseas accounts for hundreds of years and the United States government has passed a bunch of new laws to ensure our citizens declare what funds they own outside our borders. That is why many rich folks have given up their US citizenship in record numbers in recent years! The fact that many have attempted to hide their money from Uncle Sam is very believeable. I suppose many have paid the price for their errors! Sorry but I for one - do not feel sorry for them! LOL I pay taxes on every penny I own/make - every year! Edited January 23, 2015 by gymrat76541 1 Link to comment Share on other sites More sharing options...
Etw9673 Posted January 23, 2015 Report Share Posted January 23, 2015 I read about this about a month ago. Banks are reporting accounts with 6 month inactivity, and some of these accounts have been seized! Link to comment Share on other sites More sharing options...
Benjamin NutnYahoo Posted January 23, 2015 Report Share Posted January 23, 2015 This is why people have guns. No one is going to be going into your account without serious repercussions. Link to comment Share on other sites More sharing options...
ChuckFinley Posted January 25, 2015 Report Share Posted January 25, 2015 Nothing surprises me about the actions of our government. There will come a time when all these countries will say enough is enough and start to find alternative means and we will be left isolated - deservingly so. 2 Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted January 25, 2015 Report Share Posted January 25, 2015 This is just to hard to believe. I realize that this government is bad, but to steal money out of accounts without due process it just stretching it. It would be nice to hear what Adams thoughts are on this. The Cayman's did it and no one said a word. Link to comment Share on other sites More sharing options...
mazie Posted January 25, 2015 Report Share Posted January 25, 2015 President Bambam sounds like baby talk Link to comment Share on other sites More sharing options...
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