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July 1, 2014: End of U.S. Currency?

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U.S. may be heading for economic collapse, but most likely not in a pivotal election year.

FATCA-Timeline-1

By far, one of the best comments posted in response to the July 1, 2014 collapse of the U.S. currency:

Submitted by John Robb on Thu, 02/20/2014 – 22:10. Permalink
I’m afraid to even click on it. Every stansberryreearch link I’ve ever know has eventually led me to one of those endless, non-navigable videos that tells me the world is about to collapse and to keep watching because after maybe an hour or three the video is going to eventually reveal a tidbit of information that is going to keep me from collapsing along with the rest of the world. After about a half hour I will inevitably determine myself to not have the time or interest to watch long enough to reach the carrot at the end of their schtick, I will attempt to close the video, and up will pop a screen asking if I’m really sure I want to click away from such an important video. At that point I will become paranoid and wonder if my computer just received a virus. Then I will do a ctrl/alt/delete to summon the back door kill switch for my browser [also losing the other windows I have open]and run a security scan. Is it one of those links?

The information in question comes from Stansberry & Associates Investment Research LLC. So unfortunately, yes, it is one of those links.

Obama’s new July 1st 2014 law will shock most Americans

Dear Reader,

We’ve been critical of several Obama Administration policies over the past few years…

But a new law set to go into effect on July 1st, 2014 (less than six months from now), might be the Administration’s worst decision yet.

On this date, Title V of House of Representative Bill #2847, known as “FATCA,” goes into effect.

We believe this could precipitate a huge collapse in the U.S. dollar… and a rapid decrease in our standard of living.

Of course, we’re not the only ones who believe this new U.S. law is going to be a disaster for our country and American citizens.

Andrew Quinlan of the Center for Freedom and Prosperity says: “FATCA is pound-for-pound the single worst tax law on the books.”

Even the normally liberal Atlantic Monthly magazine said: “FATCA seems to be turning into a nightmare and disaster.”

What does this law do… and why is it so bad for America?

The founder of our Research Firm has put together a detailed explanation of what is happening in America right now, and why this new law is something EVERY American should pay close attention to.

Get the facts for yourself, free on our website, here

Sincerely,

George Rayburn
Publisher, Stansberry Research

A bill introduced into the U.S. House of Representatives in 2009 became law on March 18, 2010. The bill known as H.R. 2847 – HIRE Act, or ‘Making appropriations for the Departments of Commerce and Justice, and Science, and Related Agencies for the fiscal year ending September 30, 2010, and for other purposes’ by it’s long title, has people believing that it allegedly makes appropriations for the current U.S. currency to cease to exist.

FATCA, or Foreign Account Tax Compliance Act, was introduced simultaneously in the House by Charles Rangel (D-NY15) – H.R. 3933 – and in the Senate by Max Baucus (D-MT) – S. 1934 – in October 2009, one month before the Senate passed the final version of the HIRE Act. Neither bill was enacted.

Title V of the HIRE Act is where the initiation of the current FATCA-speak stems from. Using a browser’s find feature of just the word ‘foreign’ within the bill results in 122 mentions, with no mention of 2014.

How did July 1, 2014 become the end date? Because appropriations bills and IRS notices have extended the deadline numerous times. It’s merely speculation, but one could assume it was in order to buy more time to coerce other countries into signing on to the global agenda.

Will July 1, 2014 become the end of the U.S. currency and usher in the economic collapse the U.S. has been heading for? Not likely. But it did perhaps persuade a great many people to bail out of the U.S. and become expatriates.

None of this is to say that FATCA doesn’t play a role in the already implemented and well-planned-out scheme of collapsing the U.S. economy. Even left-of-center Snopes.com concedes it’s a mixed bag.

To say that a final date is upon us in order to rake in some fast cash by frightening the hell out of people seems to be just as a big a part of the problem as the whole let’s-bring-down-America plan is. If it’s truly an issue that plagues all U.S. citizens, no matter where they reside, would it not be in America’s best interest to spend their money on say, survival gear, food, water, storage, shelter, and other necessities rather than on an annual subscription to a magazine? And if the economy collapses in just under 2 months, how will those magazines get printed and delivered, anyway?

For a change, I’ll have to agree with Snopes and give this a mixed review. Is the economic collapse going to come upon us all at once on July 1, 2014 where martial law will be ushered in forcing everyone to immediately be retrofitted with RFID chips? Highly unlikely. Of course there is always that ‘October Surprise’ that tends to pop up every election year. Is the U.S. heading for an economic collapse? All signs point to ‘yes’. Only those literally involved with the implementation of America’s demise know the date, but even they keep changing that.

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