And I view that example as a failure of US economic policy. Instead of the banks accepting those US customers and spying on them as originally intended, those foreign banks are doing the opposite of what the USG wants. It's rejecting those customers outright which makes their actions go dark as they figure out work arounds.
In effect, the USG is losing its influence abroad.
In effect, the USG is losing its influence abroad.
How does forcing its own citizens into a corral correlate with USG losing its influence?
Clearly the policy was intended to shut off the escape routes for the citizens to escape tracking by the State, thus the refusal to accept US citizens is exactly what was intended.
The DEEP STATE in charge of the global NWO plan are squeezing the people of every nation between a Troika of powers, USA, China, and Russia.
And you are included in that squeeze. If you think they cut out a special deal for you, then you will learn how they turn on you when they done using you.
How does the fact that the USG's legislation and enforcement was able to have any effect whatsoever on the policy of banks which are not under the legislative jurisdiction of the USA territories, imply that the USG is not able to exert legislative impact outside its territories.
If you want to argue that the USG has not foisted global legislation on world, then you must show that their actions were ignored.
The FATCA law wasn't ignored. It was so feared that every government and bank around the world either implemented strict reporting requirements against or refused service to US citizens (even those who are dual citizens of their country where the bank is domiciled).
Arguably, the act of refusing service to its own citizens (not just US citizens) and to any people of this world, is a contributing factor driving the velocity of the money into the toilet and will cause a global collapse into economic desolation greater than anything any person living today has ever experienced.
The pitiful display of illogic in this thread is an exhibit of gross ignorance.