Obama Watch: FATCA on Tour

A ridiculous financial law has created another reason for other nations to dislike the US

by Dan Steinhart, Managing Editor, The Casey Report
Casey Research

Dear Reader,

I have a special treat for you today—a sneak peek at what’s usually subscriber-only content.

Readers of The Casey Report will recognize today’s guest author Don Grove as Casey Research’s Washington correspondent. An attorney on Capitol Hill, Don serves as our eyes and ears in Mordor. He uses his connections in Washington to bring readers early warning of developing legislative or political trends. Don’s an indispensable part of The Casey Report team, given the unfortunate fact that our “leaders” in DC wield far too much influence over Americans’ lives.

Below, Don explains the consequences of the recently enacted Foreign Account Tax Compliance Act, or FATCA. It’s the most draconian and far-reaching financial legislation of our time… which is really saying something.

Continue Reading at CaseyResearch.com…

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