USD Legislation Changes on 1 July 2014

What will this be worth in the future?

  We have recently done some research on world economies. If you have lived through exchange control as imposed in Zimbabwe and South Africa many Asset and investment management and protection techniques are almost second nature. Most investors and residents of increasingly regulated and taxed countries do not have these skills. If you are currently a resident of the United States, or have trading and investment exposure in the US Dollar it is very important that you watch this video. There are some important USD Legislation changes happening that may impact you on the 1^st of July. On July 1st of this year, the Obama Administration’s HR Bill #2847, known as FATCA, goes into effect. There are 4 concerns we think you need to be aware of…

1. Most people mistakenly think they’re not affected by FATCA. If you are a U.S. citizen… or if you hold any of your money in U.S. dollars, this new law definitely affects you.

2. The more you trade and invest, the more likely you are to get hit hard by this new bill. 3. It is not difficult for an American tax payer to be labeled “recalcitrant” as part of this new law. And as soon as you are…you potentially become subject to a 30% tax and will be in dire need of help with IRS problems. 4. The implementation of FATCA has been delayed several times, but now the IRS says it will not be delayed anymore. It will go into full effect on July 1st of this year.

Watch the Video below for more information

If you believe nothing is going to change in the financial markets and believe the US Dollar will remain the world currency during your life, then you do not need to watch this video. If you are, however,  a Forex trader, a US Resident or directly or indirectly invest in US Dollars then this video maybe uncomfortable at best.