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?

    • backalleycoyote@lemmy.today
      0·
      2 months 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·
        2 months 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
          01·
          2 months 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