Hidden within H.R. Bill #2847, is a little-known provision known as “FATCA.”

The first part of this law went into effect last year. The rest of it will roll out, piece by piece, through the end of 2018.

Few Americans have any clue about what this is—but FATCA actually stands for the “Foreign Account Tax Compliance Act.”

Like many problematic pieces of legislation, this one sounds innocent enough.

But it has major repercussions—which could expedite a worldwide flight from the U.S. dollar and ultimately result in billions in potential losses for U.S. citizens.

Read the whole article at: New Currency Law Now in Effect—Could Be Devastating for Anyone Holding U.S. Dollars