As requested by the Obama regime, 7000 suspected U.S. citizens were recently identified by the Kuwaiti government, assumed guilty of crimes unless proven to be innocent.
Under the U.S. citizen locating program called FATCA, 7000 suspected U.S. citizens have been rounded up in a database of names now stored centrally in the Kuwaiti government, as reported by the Arab Times. Those suspected U.S. citizens await an unspecified fate.
These citizens had previously been living undisturbed in the country amongst other nationalities. However, the recent Obama legislation has required the government identification of U.S. citizens in every country of the world.
In Kuwait, it is identified that each American is worth approximately $328,000, although it is not specified as to how that value might be realized by other actors.
The Kuwaiti government now has the addresses, telephones, and asset values of all U.S. citizens that it was able to locate. The files are stored in ways that are not specified and are transferred over the open internet without encryption. It is not specified as to how many lower level I.T. contractors or politically connected managers have access to the information.
Some of the information collecting Kuwaiti organizations are Al Hilal Islamic Fund, Noor GCC ISLAMIC FUND, Al Durra Islamic Fund, and Kuwait Insurance Company. The collected information is delivered to the Kuwaiti government under Operation FATCA.
Global U.S. Citizen Target
How could anyone think this was a good idea?
And now the US has signed an IGA with the Saudis.
“assumed guilty of crimes unless proven to be innocent”
That’s not my experience. More likely is “assumed guilty of crimes even after proven innocent.”
In Lebanon. .. “a point emphasised by Abdullah Al Saudi, CEO of ASA Consultants. “Arab banks are spies on people with American passports,” he said in a speech. ”
Although if opponents to FATCA were to obtain a bank’s FATCA data probably won’t do much good in Kuwait, it still may be gold in the EU in countries with a credible legal system for relief.
Let’s face it – the Middle East won’t be FATCA free until someone can bypass FATCA with a China Yuan dominated bank account once oil producers start accepting Yuan for payment of oil someday.
However, knowing the 7000 may be useful for the future to build up an anti-FATCA following. If any of those ‘3rd party’ IT workers or other want to do a ‘WikiLeaks’ it would be welcomed.
Many Middle Eastern countries don’t have an income tax, so U.S. tax policy can raise lots of money there. I have also heard U.S. policy makers say that U.S. citizens in the Middle East should pay up because the U.S. foreign policy benefits places like Kuwait and Saudi Arabia. Of course, that is just an after the fact justification.
Many/most of those 7000 are Kuwaitis. They just picked up US citizenship either through study of after the 1st Gulf war as a better pass for travel.
Now if this FATCA insanity continues, all will be hassled to no end. The line is forming in Kuwait City
to relinquish citizenship and it is long. Worst thing Obama did was FATCA. A perfect example of poor liberal
“A perfect example of poor liberal thinking agenda.”
There is no call for you to slander thinkers. Obama’s action has nothing to do with thinking.
There is no call for you to slander liberalism. Some of us have been lucky enough to be published on the liberty list.
Just like Canada’s con artists and fiberals proved themselves equal to each other, Obama and Trump will prove themselves equal to each other.
(I want to defend the poor too, but obviously that wasn’t your meaning, so this would be a poor time to make a poor pun.)
A perfect example of arrogant fascist unthinking agenda.