According to the sources in the Wikipedia article, in the US at least, the term de-banking wasn't even in popular use until some right-wing nutjobs started claiming that the government was using it to shut down conservative "tech" companies, and then latched onto by people like Joe Rogan and Elon Musk to scam people into replacing their bank accounts with crypto currency.
I'm completely anti-crypto but that's not the topic.
This is a warning about an angle of attack against people. I'm not advocating a product. My suggestions are to make sure you have trustworthy, legal access to multiple addresses should your housing become unstable, and to have diversified access to real banking services through both traditional banks and credit unions.
I'm in the United States so I read the sections relevant to the United States. I'm just trying to find where this claim of people with a mental health diagnosis needing multiple addresses due to the new EO comes in. That would impact me personally.
It isn't a "claim that you need multiple addresses." Think critically about the problem. A person who has MH diagnosis or addiction diagnosis, and is also at risk of de-banking due to address instability needs to have a legal address they can prove access to. Proving you reside at an address is how you stop the process of de-banking. For people who are housing unstable, it is wise to have backup plans including two addresses.
Oh I see, I was panicking a bit because I thought you were stating that it was a part of the EO and I couldn't find any references to support it. I don't really have a backup address since I live with my parents at the moment (dealing with said MH diagnosis). Thank you for taking the time to respond OP.
Seems like a good time to start planning out that backup address, since you're housed and safe right now (I assume.) Hope your luck is better than mine, but much of this information I gained from the experience of resorting to backup-backup-backup plans. Good place to start is figuring out the cheapest place you could get a monthly lease in the areas you are familiar with. One of my friends just happened to have that info handy when I almost became homeless a few years ago, and being able to very quickly act on that info ended up saving me a few rough weeks.
Sounds like a rough spot, I'm glad things worked out for you.
Holy shit.
To think I was envious of America when I was young.
Hahaha right? They sold the lie so well. But it's so easy to do when you control the majority of the world's media, whether it's news, radio, television, cinema, or online streaming.
To be honest, this shift in our politics has been brutally quick and more federally far reaching than anything that happened while I was growing up. People used to be able to just exist. Camp in parks, sleep on benches, etc. This authoritarianism is... Somewhat new.
It started in earnest under Regan. It’s just been difficult to see where all those changes would lead until all at once it smacked us in the face.
It's only been quick if you just started paying attention. This is the end result of decades of work by the GOP.
I mean tresspass laws designed to prevent newly freed black people from "just existing" go back to 1865.
Yeah, I was going to say something similar. The “it’s now illegal to [x] while black” memes are because the BIPOC community has known this for a long time now. Standing while black, walking while black, jogging while black, eating while black, listening to music while black, sleeping while black, etc… All of these are things that people have been attacked by cops for doing, for literal generations.
It’s not new; it’s just more visible. And it has finally become so overt that non-BIPOC people have started to feel the same pressure that BIPOC people have dealt with since the country was founded.
Do you have a source for ANY of this drivel?
I was homeless for years, and have worked with homeless addicts for the last 10 years. Never in my life have I heard of these things happening for the reasons you give. Hell even to this day I don’t update a bank with my new address.
Could you provide a reliable source for more information about this actually happening to real people en masse? I have no doubt it’s happened to someone somewhere, but would be surprised if this was a real problem and I wasn’t aware.
would be surprised if this was a real problem and I wasn’t aware.
Umm.... that's a terrible argument. Like, really, really terrible.
That said this does feel a bit like a red herring. I don't think having an open bank account is gonna do shit to help anyone kidnapped by the Y'allqueda Gestapo.
But, seriously, "this can't be true, cause if it was I'd already know about" comes across as really arrogant.
¯\_(ツ)_/¯
Sorry you feel that way. While I am very experienced in the field, and as such would be surprised that this snuck by me, I miss things from time to time. That’s why I asked for references.
If experience in a field isn’t an argument for being knowledgeable in the field, you’re likely hard to please.
I have to say I agree here, hell I've never updated one of my open bank accounts. It still has me under my mother's old house from when I turned 18, and I've moved at least 10 times since then. I've also helped/worked with/am friends with plenty of unhoused or at risk folks and never heard of being 'debanked. Now if OP wants to talk about getting accounts or your ID in the first place while being unhoused then that's a different story. Plenty of times I've seen it be next to impossible to get these things w/o an address. Not so much maintaining it w/o an address.
Although im sure anything is possible, so I wont discount it completely.
The term has gained traction after being discussed on a November 2024 The Joe Rogan Experience podcast with investor Marc Andreessen, in particular with respect to cryptocurrency assets.
Yeah im not buying it, but the next line says instances of Muslim people having accounts closed have been covered by media. Although that's shaky at best. What media? Who specifically? Im not convinced that this even happens often enough for people to clutch their pearls
Edits: that claim to "Muslim money" is cited and links to an ebook about Canadian Islamophobia, but its using this book as a source to say Muslim accounts get closed in the USA and its covered by "media"
For all other Europeans out there, avoiding this situation is another thing the EU did for us.
For the Americans, write to your representatives demanding the same rights.
Excluding people from having a bank account in 2025 is basically condemning them to ostracism even without sending them to concentration camps.
I've long held the belief that the US postal service should also provide basic banking services too in the US, that way no one can be denied a bank account.
Did you independently reinvent https://en.m.wikipedia.org/wiki/United_States_Postal_Savings_System or did you know about the history?
I didn't know that existed!
Its decline reads like everything else going on in the US. Government provided a service a lot of people liked, private enterprise lobbies to have it shut down and lock people into nickel and diming them.
Sharing info about de-banking is cool but lets try to keep the FUD out of it. What the so-called "ENDING CRIME AND DISORDER ON AMERICA’S STREETS" order says regarding this seems mostly contained in Sec. 3, which basically threatens to pull housing and urban development funds from states that don't meet the administrations crazy rules. . I also see nothing to validate your claim that folks with a mental health diagnosis need three addresses (two back-up addresses implies the existence of a third main address).
Why are you carrying water for fascists?
He's not? The EO is theater, nothing changed but that. Nobody homeless is copping federal charges anyways unless they assault feds. The OP is also sensationalizing things, you can use a valid address and say you receive a bill at it to claim residence aka not homeless (even if you functionally are). I see it all the time. Often people stop paper bills and use electronic stuff as proof of residency.
I don't know what that saying means, but I hate the Trump administration I promise. I hate FUD too though. More FUD = less energy to spend on the actual battles that need to be fought. I have my own mental health diagnosis and currently live in my parent's spare property so what OP said would personally impact me if true. I can't find where it's stated though.
I came into this thread thinking that the term de-banking was something like de-google and I was eager to find some opensource service tô get rid of the dependency of banks all together.
Boy was I wrong. /s
Good advice though!
I was eager to find some opensource service tô get rid of the dependency of banks all together.
Credit unions
Indeed, part of protecting yourself is diversifying where you keep your money (even if you don't have a lot), and part of that answer is credit unions. Don't just assume in institution is okay just because they are a CU though, plenty of scum CUs.
Back when I vandwelled, I was able to set up a "declaration of domicile" so my legal address was at a mail forwarding center. You can have mail forwarded to a local post office box, or to a different address (if you're crashing at a friend's house or something.)
It's a useful option when you have to move around a lot, since if you move you don't have to change your address - just change where your mail gets forwarded to.
It does require paying for a PO Box, but IMO it's worth it.
Though I recommend actually knowing something about the town or city of the forwarding center you use. I once had a job interviewer be from the same town as the one on my license, and had to bullshit as if I actually knew the place (and didn't merely drive through it on a freeway a couple times.)
Certain addresses get flagged in bank and verification systems over time that are shared addresses among many people. Places where someone can get mail without a permanent legal address is one example. Shelters, general delivery at the post office, etc. So much of the concept of your identity is tied to your legal address. Courts can use this too and claim they can't find someone then issue default judgements against them. Meanwhile, so many places are heavily monitored because they have turned into police states, it is not usually in question for the goverment who someone is and where they are located. The post office should provide long term PO boxes for unhoused people for free and these should be accepted as legal addresses. But often, you'll find a PO Box isnt accepted.
This is 100% going to be used against trans people, especially the mental illness and danger parts (remember all the cross dressing is pedophilia stuff that republicans were pushing)
I hope for the safety of all LGBTQ people in the US right now, especially the trans people. You all deserve to live unbothered, I wish it were that easy.
I feel like I'm becoming jaded because any time I hear about some new shit that hurts poor people in this country I find myself wondering how many of these people voted for Trump in the first place. I get being desperate and feeling like some kind of change is needed... The first time. But we had a chance to see it was all bluster and bullshit already and still voted for this government. I know it's a bad mindset but a lot of this stuff is hurting groups of people where the majority voted for Trump and I'm having trouble feeling sorry for them.
Propaganda efforts large than we can imagine operating for decades. How has the rural poor identity morphed from union men and worker solidarity to backing military and police? It got too dangerous and they stomped it out with myths of foreign adversaries. I’m of the mind that we need to reach across political lines to overcome this, we can’t allow them to split the country evenly in half or we’ll be in a deadlock forever that just lets them do what they want. It can seem herculean but there are shades of it when a CEO is killed on the streets or a bunch of politicians work together to protect pedophiles; political identity fades and it becomes more obvious that it’s us against them
Also a lot of the most disenfranchised are kept from voting at all. Either they have to work, polling place is too far away and they don’t have a car, polling place getting changed, don’t have a permanent address
Disappointing but not surprising that the chosen solution to increasing swaths of the population no longer being supported by our economy is concentration camps. I honestly don't think it's that far fetched that the endgame here is they literally kill us all while acting like it's our own fault, and the America of the future is just robots and genetic clones of billionaires.
Damn! Yall really are fucked. I really do feel for you. Hope this shit doesn't catch
this entire thread is filled with drumpf apologists and sanewashers
Congrats lemmy, you lost the war with fascism through inattention and allowed yourself to be co-opted
EVEN THOUGH you had clear evidence from 4chan and reddit how fascism grows on online forums through deliberate discussion manipulation
I have reported over 30 incidents of social media sliding from inauthentic accounts and all it did was get be banned for 2 days for being 'rude'.
You get what you fucking deserve and I'm going to enjoy watching your collapse
it is pretty wild dude but I think some of the people resorting to sane washing are burned out by all the cable news / huff post / raw story kayfabe
they see somebody pointing at a threat and instead of add that to their mental load, they'd rather shuffle it aside as panic bait or whatever
i kinda get it
my hope is that if their banks actually threaten them with this they remember "oh yeah, i've heard of this, it has something to do with my address getting challenged" and then maybe they can figure it out in time? then they don't have to deal with getting labelled like this and losing services.
The two friends that I had that were de-banked didn't get any notice, they just got a check mailed to their previous address and only one of them managed to recover it
I left the USA 25 years ago and still keep a bank account at my parents' address. Not yet debanked.
You being lucky doesn't necessarily imply that other people will be equally lucky, though.
Plus, what we may not have thought about is that the triggers for a financial institution to review your account will happen due to a change in circumstance. Address move, insurance change, employment change.
Since you left 25 years ago, there have presumably been essentially zero changes to your personal status as far as the bank is concerned. They aren't hearing about it because you don't live or work in the country anymore.
So your account is just sitting there, quietly unnoticed and unbothered.
To make them want to close it, something would need to happen to make them review it in the first place.
And now I actually want and am rooting for armed homeless to commit acts on violence on government stooges who attempt to carry out this order. Time to start building guns for the homeless.
Now the message on Tom Morello's guitar makes sense ("Arm the homeless").
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