Secret Tax Could Collapse Dollar

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FATCA, a massive tax increase passed by the Democrat majority that controlled the House and Senate back in 2010 is set to go into effect July 1, 2014.

FATCA, the Foreign Account Tax Compliance Act could actually collapse the U.S. dollar after it goes into effect. Talk about unintended consequences. Read more about how FATCA will have devastating effects on Americans here.

Obama is declaring economic war on the rest of the world through this tax increase and yet most Americans have never heard of it.

FATCA was so ill conceived that if it goes into effect as planned, it could lead to the end of our way of life in America. Americans could wake up to find that the money in their bank account is suddenly worthless and devalued to the point where they could not buy anything with it.

There is a good chance that the House Majority will vote to repeal FATCA if Americans raise their voices against it. Many Democrats are starting to back away from this act as well, because they do not want a tax increase to go into effect right before the elections.

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