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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (69554)	12/13/2010 10:51:02 PM
From: TobagoJack	Respond to of 218631

i am guessing you would be having each other for dinner as dinner, and i doubt anyone friendly like i would be coming your way - no imperative, no attraction, no need, because the direction is wrong and trajectory is off it is not a question of need to renounce citizenship, it is a question that it is extremely difficult and costly for you to do so not unlike what the vietnamese boat people had to go through

To: Hawkmoon who wrote (69554)	12/13/2010 11:31:04 PM
From: pogohere	1 Recommendation Read Replies (1) \| Respond to of 218631

It's Official - America Now Enforces Capital Controls Tyler Durden on 03/28/2010 It couldn't have happened to a nicer country. On March 18, with very little pomp and circumstance, president Obama passed the most recent stimulus act, the $17.5 billion Hiring Incentives to Restore Employment Act (H.R. 2487), brilliantly goalseeked by the administration's millionaire cronies to abbreviate as HIRE. As it was merely the latest in an endless stream of acts destined to expand the government payroll to infinity, nobody cared about it, or actually read it. Because if anyone had read it, the act would have been known as the Capital Controls Act, as one of the lesser, but infinitely more important provisions on page 27, known as Offset Provisions - Subtitle A—Foreign Account Tax Compliance, institutes just that. In brief, the 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. And should this provision be deemed illegal by a given foreign nation's domestic laws (think Switzerland), well the foreign financial institution is required to close the account. It's the law. If you thought you could move your capital to the non-sequestration safety of non-US financial institutions, sorry you lose - the law now says so. Capital Controls are now here and are now fully enforced by the law. Let's parse through the just passed law, which has been mentioned by exactly zero mainstream media outlets. (more) zerohedge.com