The Shocking Real Reason for FATCA, and What Comes Next

We are headed not only toward Global Governance, but Global Taxation. FATCA paves the way... 

From the Economic Policy Journal "If you’ve never heard of the obscure and seemingly boring Foreign Account Tax Compliance Act (FATCA), I don’t blame you.Few people have, and even fewer fully grasp what it really means or the terrible things that it’s a harbinger for.Readers of International Man of any duration will no doubt be familiar with it. (In case you aren’t, see here and here to get up to speed.)
That so few people understand FATCA is perhaps not surprising. Often, otherwise offensive government actions and institutions are given dull and opaque names to obfuscate their true purpose...

FATCA’s real purpose is not to collect money, but rather to pave the way for a global FATCA, informally known as GATCA.You see, complying with FATCA often breaks the privacy laws of other countries. To get around this problem, the US government has been negotiating bilateral agreements with pretty much every country in the world.
However, it’s not practical for each and every country to create their own version of FATCA and accompanying web of bilateral agreements. It would be a very slow and tedious process.So to address this issue, the central planners at the G20 and OECD devised what they call a new “global standard” of automatic financial information exchange between governments (i.e., GATCA) modeled on the US’s FATCA.
In other words, unaccountable bureaucrats from these supranational institutions are foisting upon the world a FATCA on steroids.However, GATCA would have never been possible in the first place had the US not cleared the path with FATCA.The G20 and OECD needed the US—the sole financial superpower (for now at least)—to strong-arm and cram down the throats of the rest of the world this privacy-killing measure. There’s no other entity on the planet with the capability to do so."    
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