Comment on Silver trades to $50 an ounceparentComments−chronci73911moAdvent of FATCA means it's hell for normal Americans to bank overseas.But people with money notice.skill issue.you need more money.−mothballed11moYeah but even with more money your foreign bank is required to rat you out with no warrant, not appealing.−minkeymaniac11mounless you have more than 1 passport−mothballed11moIf your other passport shows you were born in US your bank will still hold you to FATCA controls, and even if it doesn't show that then they're still bound to FATCA and can be punished if it's uncovered you're a US citizen.−pavlov11moSo sad.Reminds me of Elon Musk recently complaining about how hard it is to be a billionaire.−mothballed11moIt's hilarious how much Americans would be willing to sabotage themselves if only they could inconvenience the accountant or lawyer of a billionaire.
Comments
skill issue.
you need more money.
Yeah but even with more money your foreign bank is required to rat you out with no warrant, not appealing.
unless you have more than 1 passport
If your other passport shows you were born in US your bank will still hold you to FATCA controls, and even if it doesn't show that then they're still bound to FATCA and can be punished if it's uncovered you're a US citizen.
So sad.
Reminds me of Elon Musk recently complaining about how hard it is to be a billionaire.
It's hilarious how much Americans would be willing to sabotage themselves if only they could inconvenience the accountant or lawyer of a billionaire.