What is your take on this correspondence:We've been critical of several Obama Administration policies over the past few years...
But a new law set to go into effect on July 1st, 2014 (less than five months from now), might be the Administration's worst decision yet.
On this date, Title V of House of Representative Bill #2847, known as "FATCA," goes into effect.
We believe this could precipitate a huge collapse in the U.S. dollar... and a rapid decrease in our standard of living.
Of course, we're not the only ones who believe this new U.S. law is going to be a disaster for our country and American citizens.
Andrew Quinlan of the Center for Freedom and Prosperity says: "FATCA is pound-for-pound the single worst tax law on the books."
Even the normally liberal Atlantic Monthly magazine said: "FATCA seems to be turning into a nightmare and disaster."
What does this law do... and why is it so bad for America?
The founder of our Research Firm has put together a detailed explanation of what is happening in America right now, and why this new law is something EVERY American should pay close attention to.
Get the facts for yourself, free on our website, here...
Publisher, Stansberry Research
The Hiring Incentives to Restore Employment (HIRE) Act of 2010 (Pub.L. 111–147, 124 Stat. 71, enacted March 18, 2010, H.R. 2847) is a law in the 111th United States Congress to provide payroll tax breaks and incentives for businesses to hire unemployed workers. Often characterized as a "jobs bill," the Democrats in Congress insist that it is only one piece of a broader job creation legislative agenda, along with the Travel Promotion Act and other bills.
- The House of Representatives passed the original version on June 18, 2009 by a vote of 259-157.
- The Senate passed an amended bill on November 5, 2009 by a vote of 71-28.
- The House agreed to the amendments, with amendments, on December 16, 2009 by a vote of 217-212.
- The Senate agreed to the amendments, with amendments, on February 24, 2010 by a vote of 70-28.
- The House followed on March 4, 2010, passing an amended version (in compliance with new pay-as-you-go rules) by a vote of 217-201.
- On March 17, the Senate agreed to the House's amendment by a vote of 68-29, and sent the bill to the President.
- President Barack Obama signed the bill on March 18, 2010.