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Distrubing New Federal Law

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  • Distrubing New Federal Law

    Disturbing, because it is another example of the US federal government working to control everything here.

    The recently signed HIRE act - designated as HR 2847. Link to the bill here, in .pdf.

    Apparently, this has a provision that 'requires' all foreign financial institutions to report the earnings of US citizens who have property or investments directly in foreign countries, to the US IRS.

    Additionally, it apparently requires the foreign institutions to withhold 30% of earnings, to be forwarded to the US for possible taxes.

    If the investor objects, the foreign financial institutions are instructed to close any such account. (Not discussing sovereignty of nations here.) The feds are going after foreign bank accounts.

    That, of course, is not the prophetic implication. The solidification of a unified world-wide financial scheme IS.

    Can you say "One World Government?"

  • #2
    Re: Distrubing New Federal Law

    sigh ... sovereignty of nations is dwindling fast. I thought I had a reasonable guess as to how fast this would happen. You know me and all my "exponential" talk ... weird, weird, weird ...

    Issachar, trusting in Christ ..
    The church is on Earth to save souls from a lost world, not to save the world from lost souls.

    Man learns about history, not from history. To learn from history requires wisdom. Cut off from God, he has none, so history repeats; no new thing under the sun.

    I saw ten thousand talkers whose tongues were all broken - dylan

    Psalms 122:8 For my brethren and companions' sakes, I will now say, Peace be within thee.

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    • #3
      Re: Distrubing New Federal Law

      Actually, Issachar, I had you in mind when I posted this (I can't find an appropriate smiley.)

      Keep your eyes open on this. I read the health care bill, maybe you would read thru this one?

      This is rolling downhill so fast now, that I am very afraid that the tea party folks are severely behind the curve. Dangerously behind the curve. Not reading prophesy behind the curve.

      Another 10 months at this pace, and should there be no change of direction 10 months from now, I'll bet that we will be looking at each other saying "Who would a' thought?"

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      • #4
        Re: Distrubing New Federal Law

        I'm going to be slightly on the other side here and just say it's targeting folks who are hiding substantial offshore assets.

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        • #5
          Re: Distrubing New Federal Law

          These sorts of government things always start out as being "for our own good."

          Issachar, believes government should shrink, substantially ... but knows it won't.
          The church is on Earth to save souls from a lost world, not to save the world from lost souls.

          Man learns about history, not from history. To learn from history requires wisdom. Cut off from God, he has none, so history repeats; no new thing under the sun.

          I saw ten thousand talkers whose tongues were all broken - dylan

          Psalms 122:8 For my brethren and companions' sakes, I will now say, Peace be within thee.

          Comment

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