I'm 99.99999 % sure this is BS, just want someone who knows something to confirm...

[steve2470]

http://endofamerica.com/?gclid=CK_hh7iZnL4CFa19OgodTmMAqQ

I've seen this BS ad for weeks. Comments ? Thank you kindly.

Steve

eta: http://www.reuters.com/article/2014/01/31/us-usa-tax-fatca-idUSBREA0U1XK20140131

U.S. IRS chief says no delay in tax-dodger law; some have doubts

That looks what this law is about.

[steve2470]

1. Snopes here

http://www.snopes.com/politics/conspiracy/hr2847.asp

Origins: This item about the passage of H.R. 2847 causing the U.S. dollar to collapse as of 1 July 2014 is another example financial scarelore put out in conjunction with an investment come-on, in this case an ominous sales pitch put out by the folks at Stansberry & Associates Investment Research LLC.

This latest panic piece is offered in a Stansberry & Associates presentation featuring a number of scary-sounding statements about how we in the U.S. are soon to experience a "near-complete shutdown of the American economy," will see "the savings of millions wiped out," will be living under the imposition of martial law by the federal government, and will be struggling in the aftermath of a number of other apocalyptic financial scenarios.

And according to Stansberry & Associates, this remarkable, radical collapse of the United States monetary system and "our normal way of life" is going into effect in a mere matter of months (just like a similar recent conspiracy scare about the federal government's plan to eliminate 16 states from the U.S. in the very near future).

But wait ... all one needs in order to avoid suffering from this devastating national calamity, one that will collapse our entire monetary system and spell doom for the American way of life, is a little information. Information that can be yours if you'll just shell out $149 for a one-year subscription to Stansberry's Investment Advisory newsletter.

Yep, BS, just as I thought.

[riverbendviewgal]

5. results on snopes

Mixed

[dipsydoodle]

2. Most damage would be the progressive effect of the end of the petro dollar recyclying program

and that wouldn't be overnight.

Easy subject to search.

[djean111]

3. Porter Stansberry is so concerned about this - that he will help you out. Just send him $149.

[riverbendviewgal]

4. the law is an IGA called FATCA

Very possible. Many Americans are getting Citizen Loss of Nationality papers. any American working abroad will find it hard to have a bank account and may even lose their jobs. These are duals and accidental americans.

Prepare for sure. Divesify.

[2pooped2pop]

6. sounds like an ad to me

though I am pretty sure if the republicans take the house and senate, we can all kiss our asses goodbye.

This seems to be mostly worried about not having such easy access to foreign tax shelters.

H.R. 2847, also known as the Hiring Incentives to Restore Employment Act (or HIRE), was a Congressional bill passed into law in March 2010 that sought to provide payroll tax breaks and incentives for businesses to hire unemployed workers. A section of that bill, the Foreign Account Tax Compliance Act (known as FATCA), sought to eliminate the non-compliance of U.S. taxpayers who hold foreign accounts by requiring those taxpayers (including those living outside the U.S.) to report certain foreign accounts and offshore assets to the government, and by requiring foreign financial institutions to report information about the ownership of overseas assets held by U.S. taxpayers to the government:
Read more at http://www.snopes.com/politics/conspiracy/hr2847.asp#ddgPMJ7rJ6h752JP.99

[IADEMO2004]

7. I smell a skunk

http://www.usnews.com/news/blogs/washington-whispers/2013/04/02/financial-publisher-who-defrauded-public-investors-is-back-with-another-ominous-video


Stansberry has reason to be careful. In 2003, the Securities and Exchange Commission sued him for allegedly fraudulent practices toward his clients. As a result, Stansberry was "ordered to pay $1.5 million in restitution and civil penalties for disseminating false stock information and defrauding public investors through a financial newsletter," according to The Baltimore Sun.

[Curmudgeoness]

8. You must have really shitty advise and offers to sell

if you go to those depths to sell something.

But sorry, I don't know about the fact or fiction in this....except that anything this dire is putting up red flags.