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#8683681 - 03/15/14 10:59 PM House Bill #2847.. July 1, 2014
Seafire Offline
Campfire Kahuna

Registered: 04/20/04
Posts: 19014
Loc: Southern Oregon USA
Don't know if anyone has read anything on this... but this takes effect on July 1, 2014....

But there is a lot of talk on "Talk Radio" that this bill is designed by Globalist and ramrodded thru the House of Representatives, by Globalist....

According to their point on the talk radio shows, the outcome is to have the US Dollar Collapse, and be replaced by a World Monetary System...

One thing was pointed out on the Talk Radio show out of Toronto I was listening too, are highlighting that there has been 20 major bank executives world wide who have mysteriously "committed suicide" within the last 90 days... and it has received little fanfare...

here in the Pacific Northwest, we did hear about someone who supposedly committed suicide by jumping off the Tacoma Narrows Bridge in the past week or so... but nothing was highlighted about him being some major upper level banking Executive...

Sure this stuff sounds like Tin Foil hat stuff, but at the same time, I have to admit, I have ZERO trust for our current President.. and have had NONE for him before he took office, much less SINCE he took office...

But I do have 100% confidence in him on doing ANYTHING that will undermine this nation, for the benefit of globalism...

Trying to do some more research on this.. but thought I would pass it on...


here's one link, In case anyone is interested...

http://beforeitsnews.com/alternative/201...re-2894028.html

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CI16728
#8683696 - 03/15/14 11:39 PM Re: House Bill #2847.. July 1, 2014 [Re: Seafire]
antelope_sniper Online   content
Campfire Tracker

Registered: 11/28/11
Posts: 6209
Loc: Colorado
Markets are forward looking. If any of this were true, the currency markets would of sold off the dollar immediately.

Gold going to $100,000.00 per ounce this year??

What a nut!!

Total tinfoil.


Edited by antelope_sniper (03/16/14 12:13 AM)
_________________________
Nobody spends somebody else’s money as carefully as he spends his own.
The U.S Government has a unique capacity for getting things upside down.
Milton Friedman.

Go quiet or full tilt, just don't get caught in the middle of the stupids. DD

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#8683727 - 03/16/14 12:50 AM Re: House Bill #2847.. July 1, 2014 [Re: antelope_sniper]
Dave_Skinner Offline
Campfire Tracker

Registered: 05/26/03
Posts: 5600
Loc: The Treasure State
Seafire, shame on you.

From LOC:
H.R.2847 — 113th Congress (2013-2014)
Wounded Warrior Service Dog Act of 2013
Sponsor: Rep. McGovern, James P. [D-MA-2] (Introduced 07/30/2013)
Cosponsors: 36
Latest Action: 08/29/2013 Referred to the Subcommittee on Readiness.
_________________________
Up hills slow, Down hills fast Tonnage first and Safety last.

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#8683815 - 03/16/14 04:22 AM Re: House Bill #2847.. July 1, 2014 [Re: Dave_Skinner]
pira114 Online   content
Campfire Guide

Registered: 01/02/11
Posts: 4401
Loc: Sierra Nevadas, Ca.
http://www.truthorfiction.com/rumors/h/HR-2847-Dollar-Collapse.htm#.UyWJCNDn_qA

This eRumor appears to be an unproven conspiracy theory that warned of the possible ramifications of the passage of the Hire Incentives to Restore Employment Act along with the Foreign Account Tax Compliance Act. TruthOrFiction.com has found no evidence at this time as to how the enforcement of this act will effect the U.S. Dollar.

We will post findings here if anything develops.

We found the possible source to this eRumor on the Victory Women In Development Association (VWIDA) website. The page links this allegation with a story about gun control legislation and the lobbying efforts of National Rifle Association. How the two topics are related remains a mystery.



Hire Incentives to Restore Employment Act & Foreign Account Tax Compliance Act
H.R. 2847, the Hire Incentives to Restore Employment (HIRE) Act is real and was signed into law in 2010. In this bill was tacked the Foreign Account Tax Compliance Act. This law, known as FATCA, makes U.S. residents accountable for money invested in foreign banks by requiring the offshore financial institutions to provide a 1099 form to the Internal Revenue Service for their American customers. This according to a July 28, 2013 article by The Hill, a new service that reports on the business of the U.S. Government in Washington, D.C.

The article said, "Under FATCA, banks will be forced to submit information on total assets, account balances, transactions, account numbers and other personal identifying information. This intrusion goes way beyond a 1099 and would not be accepted or tolerated by Americans living in United States. " Noncompliance will result in huge financial penalties and sanctions to the foreign financial institutions.

The Hill added that neither Congress, the Internal Revenue Service nor the U.S. Department of Treasury are certain how much FACTA will generate in terms of revenue in taxes. The article said that President Obama "suggested $210 billion over ten years," and $800 billion over the course of ten years was projected by unnamed "others."

It is not really known what ramifications this law will have on U.S. residents with funds in foreign banks or if foreign banks will cooperate with the law. The Hill also reported that the U.S. demands on foreign banks to provide client information may "violate their own country's laws and constitutions."

Posted 02/28/14
_________________________



Glóir don Athair agus don Mhac
agus don Spiorad Naomh;
Mar a bhí ar dtús, mar atá anois agus
mar a bheas go brách, le saol na saol. Amen.

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