In FATCA, the US is forcing its own unlawful practices on the
banks and banking regulators of other nations.
Given the notorious corruption of US banks and US banking regulation,
and the successive collapse of US financial institutions in recent years,
responses of various nations to such US extortion define the territory of
influence of the US-based legal/banking fraud racket. In the case of the State of Israel, the case
provides a new perspective on US-Israel relationship, one where the State of
Israel is administered as a US-corporate province, where the US is key to the corruption
of the government of the State of Israel.
For simplicity sake:
LIFE OF LUIGI
Luigi was born in Milano. He
is a citizen and resident of ITALY. Luigi
was born to parents, who were US citizens, and they obtained for him after
birth a US passport. Luigi never set a foot in the US, never worked in the US,
never did business in the US. Luigi keeps his savings in the Banco De Milano,
in Milano, a financial institution that is chartered by the Republic of Italy,
pursuant to Italian law.
NOW
Luigi gets a letter from Banco de Milano, unsigned, never naming the sending individual or financial institution, demanding that Luigi waive his privacy to the US government, and also file annually tax returns with the US government, with copies to the Banco de Milano. Reason - there is pressure by the US government to do so. No basis in Italian law is ever even mentioned.
Obviously, such conduct amounts to extortion under the color of
law.
Therefore, the emerging map of
nations, who submit to US extortion under FATCA defines the territory of
the legal/banking fraud racket:
- UK
says: Yes, let's put down the matrimony in writing…
See below a link to a US-UK Agreement, proposed UK FATCA
implementation legislation, and a business advice page on FATCA compliance..
- CANADA says: No, thank you!
See below under the Wikipedia entry, controversy.
- GERMANY says Fine, we will not serve American customers any
longer…
Conduct of German banks may amount to discrimination under German
law.
See below under the Wikipedia entry,
controversy.
- SWITZERLAND says: No problem, but does it apply to numbered accounts?
- ISRAEL says – Yes please, do whatever you like, my place is your
place…
In the current episode, the State of Israel is about to submit to
the racket, with Stanley Fischer, Governor of the Bank of Israel and a
Bilderberg member, as the key actor. The
episode sheds new light on the US-Israel relationship, one where Israel is
administered as a US corporate province. Surprisingly, the
following lines were permitted to remain on Wikipedia under both the Stanley
Fischer and FATCA entries:
Petition against Governor of the Bank of Israel Stanley
Fischer, filed in October 2012 with
the High Court of Justice, alleged that Fischer's failure to stop Israeli banks
from acting on FATCA against Israeli customers, amounted to "replacement
of his loyalty to the State of Israel and its laws, with loyalty to another
nation and its laws and/or financial institutions and their
interests" [19]
19 ^ "Joseph Zernik v Stanley
Fischer (7650/12) Petition in the High Court of Justice of the State of Israel".
23 October 2012.
LINKS:
[1] 12-09-14 U.S.
Treasury Signs Bilateral FATCA Agreement with U.K._Accounting Today
[2] Implementing the UK-US FATCA
Agreement (Acrobat PDF, 300KB)
[3]
Agreement Between The Government Of The
United States Of America And The Government Of The United Kingdom Of
Great Britain And Northern Ireland To Improve International Tax Compliance
And To Implement FATCA.
[4]
FATCA – Wikipedia
[5]
Stanley Fischer - Wikipedia
[6] 12-09-07 The ongoing US-Israeli love affair a) historic
perspective
[7] 12-09-07 The ongoing US-Israeli love affair b) Landmark
events in unannouncedregime change in Israel 1984-2002
[8] 12-09-10 The ongoing US-Israeli love affair c) Landmark
events in unannounced regime change in Israel 2012 http://es.scribd.com/doc/105489646/
[9]
12-10-23
PRESS RELEASE – Petition alleges Bank of Israel Fischer patronizes criminality
at Bank HaPoalim, BM
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