Record Numbers of Americans Resigning Citizenship



The number of Americans resigning their citizenship has reached record highs. Americans were thrown out of everywhere after FATCA was enacted. Due to FATCA, foreign institutions must report anything an American is doing outside the country or that institution’s assets will be confiscated. I myself find it impossible to do business internationally as I used to, for no foreign bank will allow an American to open an account. FATCA just assumes anything anyone does outside the country is to hide money. Even entering a partnership overseas does not help for any American involvement triggers their reporting requirements to the USA. So while there may be a threshold of $50,000, the net impact is that no foreign institution is willing to take the risk so they simply refuse to allow Americans to open an account.

Latest Posts

Biden Mocks School Shooting Victims

The POTUS lives in a reality that is far different from ours. His brain has deteriorated to the point that all of his speaking engagements end in utter disaster. Biden [...]
Read more

What will Become Money Post-2032?

QUESTION: Hello Martin, Been reading your writings with keen interest for over 15 years now since while you were incarcerated. My question is: The way you paint a picture of the [...]
Read more

Paris on Verge of Revolution?   We have been getting readings in France keeping us up to date in this huge Pension Protest and many see this as rising tension toward Revolution. While politicians [...]
Read more