Trump signs new order to shut down bank accounts
finance.yahoo.com
President Donald Trump has signed an executive order directing the Treasury Department to shut down bank accounts used to support illegal immigration. Trump announced the order in a June 2 Truth Social post, saying it targets the banks, credit card companies, and other financial institutions that ...

So should we be pulling cash out right now or is that me just panicking?

  • cmbabul@slrpnk.net
    0·
    10 days ago

    I might start putting my cash into something that store its value and can be readily traded like I dunno cigarettes, firearms, salt.

  • LoafedBurrito@lemmy.dbzer0.com
    0·
    9 days ago

    Stealing people’s entire savings and closing their bank accounts is how people get radicalized and when you have nothing to lose, you have no limits.

    This will backfire for sure.

  • kreskin@lemmy.world
    0·
    10 days ago

    Trump admin seems to have about 1 scam per week, so this must be the pump and dump for cypto scam for this week.

  • ThePowerOfGeek@lemmy.worldEnglish
    0·
    10 days ago

    Bit of a click-baity headline (though not your fault OP).

    The sub-heading is clearer:

    President Donald Trump has signed an executive order directing the Treasury Department to shut down bank accounts used to support illegal immigration.

    • MochiGoesMeow@lemmy.zipOPEnglish
      0·
      10 days ago

      I just dont trust this administration to honestly go within those parameters. Suddenly anyone he doesnt like is an illegal immigrant.

      • meco03211@lemmy.world
        0·
        10 days ago

        Worse. If, for example, I, born and raised in the US and white as fuck, use a bank account to pay for Mexican food, and that business gets targeted by ICE because their racist pieces of shit, they could decide to close my bank account. They could say I was supporting illegal immigration.

        • wheezy@lemmy.mlEnglish
          0·
          10 days ago

          Yes. But you don’t even have to buy the Mexican food. There are infinitely many scenarios they can come up with for liberals to keep justifying the line moving.

          These types of “reasons” are not the fascist “finding loopholes”. It’s just a means of keeping the illusion of the systems still operating. If the system is still operating then “we can take it back”. It’s for liberals to believe that if they were tarkets that they could “justice” their way out. That maybe they’ll even be protected by their white privilege.

          Fascist don’t let you take it back using the system. When the midterms don’t go well. We’ll have liberals continue to fight to “fix the system”. We’ll get “justice for the voters” and lawsuits that go nowhere. We’ll get a couple well intentioned politicians that speak out against the fascist. Allowed to speak only so long as they are needed to maintain the illusion of a fight. Spending the next two years moving the line with each step so we can pretend the system is still saveable.

          Buy your Mexican food. If you’re a target it won’t matter what reason they use to justify taking you. Better than getting your lunch at a corporation that supports this.

            • wheezy@lemmy.mlEnglish
              0·
              9 days ago

              Read a history book mate. I’m using history to understand the present. Hell, Wikipedia can help you. This isn’t about shitting on individual people in this country that call themselves “liberals”. This is about understanding how liberal democracy enables the rise of fascism and why it is insufficient in stopping it.

              • prole@lemmy.blahaj.zone
                0·
                9 days ago

                I’m aware of what liberalism is, and I’m not even defending it.

                What I am doing is pointing out something that I found interesting about your comment.

    • FaceDeer@fedia.io
      0·
      10 days ago

      Tomorrow: “President Trump accuses the Democratic Party of being in support of illegal immigration, attempts to shut down the bank accounts of all members.”

      • adarza@piefed.caEnglish
        0·
        10 days ago

        why stop there? many entire cities… states, even… have opposed this bullshit and now risk having their financial accounts drained by the dicktator in chief.

      • CaptDust@sh.itjust.works
        0·
        10 days ago

        They already want to label actblue as a terrorist org and go after anyone that’s donated through the platform. This isn’t even that far of a stretch.

    • Drusas@fedia.io
      0·
      10 days ago

      What about the accounts of Americans who donate to GoFundMe in support of immigrants?

  • mokus@lemmy.blahaj.zone
    0·
    10 days ago

    So is money free speech or not?

    (Yes, I know, the real answer is it depends on whose money and how much of it is in the unmarked envelope)

    • backalleycoyote@lemmy.today
      0·
      10 days ago

      Eh, well, despite the narrative that protestors are lazy and wealthy, most of us take a loss to get the day off to protest. Freezing my over-drawn account is not the worst thing to happen to me. By all means, make capitalism impossible, we’ll just be forced to barter and trade.

      • Corkyskog@sh.itjust.works
        0·
        10 days ago

        Just want to point out that they are adding friction to commerce or making it “impossible” as you say for some people, but that isn’t making capitalism impossible. Corporate Authoritarianism is basically the logical outcome of capitalism and we are there now.

        Too many people conflate capitalism with commerce. You can totally have a different system and still have a similar type of commerce that we know today.

        • fan0m@lemmy.worldEnglish
          0·
          10 days ago

          Corporate Authoritarianism is basically the logical outcome of capitalism

          It’s funny (as in not at all) because I said the same thing a few years back and people thought I was crazy

          • Corkyskog@sh.itjust.works
            0·
            10 days ago

            The best way to demonstrate this is by playing Monopoly with a competitive family and not insisting to play strictly by the rulebook. The winners (capitalists) will invent all sorts of ways to keep the game dragging on while still inflicting financial pain on the other players. They will loan money at ridiculous rates, they will buy stuff off people out of turn so they can remain solvent, they will let them have just enough money to collect $200 by passing go, but not enough money to ever exit the game.

        • Vandals_handle@lemmy.worldEnglish
          0·
          10 days ago

          Yep. Too many entrepreneurs think they’re capitalists. Small business owner operators protecting a system that protects the interest of financiers.

  • Lasherz@lemmy.worldM
    0·
    10 days ago

    Wouldn’t someone they’re attempting to denaturalize be a valid target of that description?

  • Jhex@lemmy.world
    0·
    10 days ago

    Are they going to freeze Walmart’s accounts if they find a single illegal immigrant working there? or just the immigrant bank account with peanuts they use to send some money to family back in wherever?

  • Hux@lemmy.ml
    0·
    10 days ago

    So, he couldn’t get his $1.8b slush fund, so he’s creatively forming a pretext to financially kneecap his enemies and likely siphon off a ton of money while doing it.