Hycroft Mining Holding Corp (HYMC)

[bobhwang]

. FATCA forces all worldwide banks to comply with the IRS if they have any transactions in U.S. dollars.
2. Because the U.S. dollar is still the world's reserve currency, ALL COMMERCIAL BANKS must comply with FATCA.
3. In order for bank to comply, either they can spend a fortune segmenting, tracking, and potentially "taxing" their U.S. dollar transactions by as much as 30% or they can simply get rid of all of their U.S. customers.
4. In other words, the Obama regime is saying to all commercial banks around the world: If you deal in U.S. dollars in any way, you have to give us full, unlimited access to all of these transactions or you have to get rid of all of your U.S. customers.
5. FATCA means more and more worldwide commercial banks will move AWAY from the U.S. dollar, accelerating the already rapid worldwide move away from the dollar as reserve currency.
6. FATCA makes it extremely difficult, if not impossible, for you to get some of your money out of U.S. dollars, and into more stable currencies via foreign banks.
7. Two of the largest banks in the world, JP Morgan Chase and HSBC, have eliminated international wire transfers. Many small banks have reportedly followed suit. This has affected Americans’ ability to buy services unavailable in the U.S. if they bank with Chase. Many more banks are expected to outlaw international wire transfers, during the run-up to July 1st.
8. These clear examples of capital controls are what a broke and desperate government does when it knows the value of its currency is about to collapse.

http://www.examiner.com/article/secret-tax-could-collapse-dollar