I'm personally of the opinion that we're gonna have a big fight. I believe that we've hit peak oil which implies less energy going forward and deflation. Deflation implies a die off no matter what. Have you ever heard of Christmas island ( i believe that is what its called) in which deer were introduced and the population increased by like 20 times until they ate the entire food supply and had a die off? Or sugar in a dish with yeast? The yeast expands until it consumes all of the energy and then dies. We're not so different. Perhaps you should move to an area where you would be safer around people who think more like you? I moved out of the city in 2021 and would suggest you do the same if you live in a city. Bottom line, the cavalry ain't coming. You're gonna have to do it yourself. Prove that you are worthy of the freedom you demand.
If I were single, yes, would have done so already. However, I live just outside of Tokyo, wife and children are Japanese. It is leave them or do the best I can for them here. Have no assets as it is and after the 3 years of covid madness which is still on going here, have next to zero income and zero savings.
However, the fight, IMO, needed to have begun years ago. They are so far ahead of us that with the so few who are starting to awaken, the vast majority still in deep slumber, it is most likely too late where ever I may go.
I feel for ya. I've been expecting something like this since around 2008 and your idea of a deep slumber isn't untrue, but its nothing like it was back around 08 and 09. Can you imagine telling people we were going to end up where we are now since then and the reactions you would get? You'd be surprised how many have woken up compared to back then. Don't give up hope and take care of your family the best you can.
I started becoming aware of this exactly ten years ago when I was working on renewing my passport. A couple of statements on the application compelled me to research what they were all about and I learned there is an entire universal of controls the US put upon us that were not there when I renewed my passport ten years prior to that. Some of these control were in place, but unknowable unless you know to look for them but many were in fact new. FATCA/FBAR are the two biggies for me. And yes, no one, not a single soul wanted to hear anything of what I was learning. They even refused to read the statements on the passport application, the Tax Pay Advocate’s statements on the issue nor the FATCA letter from one of my banks. All we are experiencing with covid I have experienced with FATCA/FBAR and CBT. People have their believes and they hate anyone who challenges them in any way and when they get burned, they blame us who tried to warn them for not warning them.
However, as I have over 25 years experience sending and receiving money to and from abroad I have experienced first hand the tightening of the screws of financial control. The new requirement in the States to report Venmo payments exceeding $600 is nothing compared to what we who live abroad deal with. We who live in Japan have been having each and every transaction through our local accounts in Japan reported to the US since at least as early as June 2014. Most of us here are still unaware of this, as are many experts, including those who are supposedly on “our” side. Oh, the arguments and name calling.
Then I have my students who work in FinTech and on the IoT. I think it is much later than we think. I do not think we have time if we started really fighting this at this very minute.
And just about every nation on the planet. All have signed on to FATCA, except possibly N. Korea. China and Russia have. The OECD came after FATCA and is at present, less intrusive, but still more than ugly enough. What most do not know, this is the “Finacial Transparency” they are clamoring for. In reality, it means every single transaction we little people is 100% transparent for any who wish to see what we spend our money on, when and where. And most know nothing about any of it. I myself, know of some of it but have bits and pieces here and there that leads me to believe that what I know is just a small fraction a of what is already in place with more and worse to follow.
I'm personally of the opinion that we're gonna have a big fight. I believe that we've hit peak oil which implies less energy going forward and deflation. Deflation implies a die off no matter what. Have you ever heard of Christmas island ( i believe that is what its called) in which deer were introduced and the population increased by like 20 times until they ate the entire food supply and had a die off? Or sugar in a dish with yeast? The yeast expands until it consumes all of the energy and then dies. We're not so different. Perhaps you should move to an area where you would be safer around people who think more like you? I moved out of the city in 2021 and would suggest you do the same if you live in a city. Bottom line, the cavalry ain't coming. You're gonna have to do it yourself. Prove that you are worthy of the freedom you demand.
If I were single, yes, would have done so already. However, I live just outside of Tokyo, wife and children are Japanese. It is leave them or do the best I can for them here. Have no assets as it is and after the 3 years of covid madness which is still on going here, have next to zero income and zero savings.
However, the fight, IMO, needed to have begun years ago. They are so far ahead of us that with the so few who are starting to awaken, the vast majority still in deep slumber, it is most likely too late where ever I may go.
I feel for ya. I've been expecting something like this since around 2008 and your idea of a deep slumber isn't untrue, but its nothing like it was back around 08 and 09. Can you imagine telling people we were going to end up where we are now since then and the reactions you would get? You'd be surprised how many have woken up compared to back then. Don't give up hope and take care of your family the best you can.
I started becoming aware of this exactly ten years ago when I was working on renewing my passport. A couple of statements on the application compelled me to research what they were all about and I learned there is an entire universal of controls the US put upon us that were not there when I renewed my passport ten years prior to that. Some of these control were in place, but unknowable unless you know to look for them but many were in fact new. FATCA/FBAR are the two biggies for me. And yes, no one, not a single soul wanted to hear anything of what I was learning. They even refused to read the statements on the passport application, the Tax Pay Advocate’s statements on the issue nor the FATCA letter from one of my banks. All we are experiencing with covid I have experienced with FATCA/FBAR and CBT. People have their believes and they hate anyone who challenges them in any way and when they get burned, they blame us who tried to warn them for not warning them.
However, as I have over 25 years experience sending and receiving money to and from abroad I have experienced first hand the tightening of the screws of financial control. The new requirement in the States to report Venmo payments exceeding $600 is nothing compared to what we who live abroad deal with. We who live in Japan have been having each and every transaction through our local accounts in Japan reported to the US since at least as early as June 2014. Most of us here are still unaware of this, as are many experts, including those who are supposedly on “our” side. Oh, the arguments and name calling.
Then I have my students who work in FinTech and on the IoT. I think it is much later than we think. I do not think we have time if we started really fighting this at this very minute.
"I think it is much later than we think. I do not think we have time if we started really fighting this at this very minute. "
and there it is. that's why i'm trying to run to the afterwards part in my head.
We can go out with a roar or a whimper. I prefer with a roar.
Ditto for Costa Rica. Much has changed in the last 10 years, none of it good.
And just about every nation on the planet. All have signed on to FATCA, except possibly N. Korea. China and Russia have. The OECD came after FATCA and is at present, less intrusive, but still more than ugly enough. What most do not know, this is the “Finacial Transparency” they are clamoring for. In reality, it means every single transaction we little people is 100% transparent for any who wish to see what we spend our money on, when and where. And most know nothing about any of it. I myself, know of some of it but have bits and pieces here and there that leads me to believe that what I know is just a small fraction a of what is already in place with more and worse to follow.
Remember that the Feds got to Al Capone on tax evasion.
Do you think that the Biden family might be taken down on FATCA evasion?