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  1. What’s regrettable about the Renunciations is that I did search of people who did with uncommon surnames and often found their Linkedin page.

    Most are middle class who the US would collect zero from, however, they tended to be well educated, and ranged from small business owners, to chief surgeons, scientists, financiers, to a CEO of computer companies.

    Although these people are not rich, they are involved perhaps with investment / project decision making for their respective organisations.

    We’re always told not to ‘burn bridges,’ but the US somehow feels its immune from this old adage.

    As the BRICs continue to build alternative infrastructure to the US dollar, people will start to ask to use the US dollar comes with basically the US Government’s terms and conditions regarding its use (who and with whom it can be used, where it can be used, when it can be used, how it can be used, and what can be purchased by using the US dollar). Compare this to a near future Chinese Yuan that will at least initially come with no such restrictions to gain competitive advantage over the US dollar. Which one would is easier to use? Answer not the US dollar.

    An EU version of IBS needs to be set up to start a legal challenge to FATCA / IGA for resident EU citizens.

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