Most likely, sooner or later, you would be left with no option but to renounce your US citizenship under duress.
That is what happened to me in Israel.
The largest bank in Israel, Bank HaPoalim, took a very large sum in my deposit accounts on January 1, 2013. The purported reason: FATCA compliance. It should be noted that the Bank did so while FATCA was not in force in effect in the US (as stated in the article you linked, it would become effective only on July 1, 2014). Moreover, there was no basis for such actions in the law of the State of Israel.
However, the conduct of bank HaPoalim was patronized by Stanley Fischer, then Governor of Bank of Israel, and one of the leaders of the global banking cartel. Today he is No 2 in the Fed...
Former senior US State Department Counsel, Attorney James Jatras, Washington DC, issued an opinion letter in my case, stating that conduct of Stanley Fischer "makes no sense at all" and most likely was retaliation against me by the US and Israeli governments in collusion with the banks.
Likewise, the Israeli Supreme Court refused to register my petition to compel Stanley Fischer to perform his duties, pursuant to the law of the State of Israel.
In short - the story of collusion of the banks and the courts in state organized crime against the citizens of the respective nations is spreading into nations that are under US domination.
My luck was that I managed to gain protection of the German government against the US and Israeli governments. Three days after filing a request for protection with the German Consul in Israel, Bank HaPoalim returned my money. Moreover, later the Bank denied that any of it ever took place, regardless of documents, both from the Bank and from Stanley Fischer to the contrary...
There is no way to know the true number of Americans who renounced citizenship in recent years because of FATCA. You may get a feeling for the wave of renouncement in the Isaac Brook Society web site and discussion groups. The site also documents that US consulates worldwide are placing hurdles in the way of Americans, who try to renounce citizenship.
Renouncing US citizenship was not easy for me either. The US Consulate, Jerusalem, Jerusalem (that is the official name of that consulate) scheduled me to enter that fortress outside of working hours (probably my appearance was never listed on the Calendar of the Consulate either), when there was nobody in the building except for security personnel and conducted fraud on me in that matter as well. Although I paid the exorbitant fees of $600, the Consult refused to duly perform the Oath of Renouncement, and issued false certifications on the documents. Again, the issue was resolved only after I reported it to the German government.
As also seen in the NSA Snowden affair, Germany today is the center of what is left of the "Free World"
FATCA is nothing but an extension of the NSA global surveillance scheme. Under FATCA the US government claims that it has the right to know of any penny spent by anybody holding US citizenship worldwide, even if that person (e.g. children of US citizens, born and living abroad) never set foot in the US and never did any business in the US.
FATCA will become another block in undermining US financial hegemony. Banks in China, Russia, other BRIC nations, in Europe, will either refuse to cooperate at all, or close the accounts of US citizens and US corporations. That process is moving forward, like the boycott on the US dollar as the international trade currency, much faster than ever anticipated.
Effectively, FATCA and similar measures are establishing a worldwide the Digital Curtain, which will separate the US and its appendices from the rest of the world, as forcefully as the infamous Iron Curtain of the Soviet block.
To me and many others in such predicament, renouncing US citizenship is done under duress, and only means dissent with the current illegitimate regime, which renounced the US Constitution. You are still and always be One of the People of the United States. Perhaps, after the US Constitution is restored (if it ever happens during our lifetime), such Americans would be able to regain their citizenship, the same process, called "repatriation", which was instituted in Germany after the fall of Nazism.
 13-01-14 Fraudulent renunciation of US citizenship records, issued by the US Consulate, Jerusalem
 13-01-14 Correspondence with the US Consulate in Jerusalem, in re: Fraud in administration of Oath of Renunciation of US Citizenship
 13-01-17 PRESS RELEASE: Fraud in the US Consulate, Jerusalem, denying the right to renounce US citizenship
 13-02-02 Renouncing US Citizenship
On Thu, Jun 12, 2014 at 8:34 AM, Janet wrote: