You wouldn't even need to organize some mass campaign to get people to pull money out. This thing will trigger a bank run all on its own. Do you think the banks have enough reserves to immediately cash out the accounts of every non-citizen? Sometimes a bank decides it doesn't want to do business with someone anymore and will close their account. If that happens to you, they send you a check with your account balance on it. But we're talking tens of millions of people here, many with substantial amounts in US accounts. This order, if implemented, would cause every bank in the country to collapse. They just don't maintain the reserves to cash out that many accounts all at once.

If only people worked together like that, we'd do amazing things.

Sharemarket too, I'd have to sell my US shares without my brokerage bank acct (I don't live in the US)

Let’s pretend this passes and becomes law.

It's en executive order. Nothing to pass, and it probably will get defeated in court unless they can venue-shop and route it to a corrupt judge.

Can we cause essentially a run on the bank by having 40% of us move all our liquid assets to euros at once and continuing to move incoming money to cash?

My understanding is that FDIC means you can't really do a bank run, the bank can just get its money back from the feds

no, but he likes to uses EOs as distraction from epstein.

Corporations are not citizens, so all corporate accounts are toast as well, right?

…or legal permanent residents…

OR just all the thousands of people from other countries that do business with the US.

Hell even my travel Wise card gives me a local US bank acct number, I don't even have a visa

Profit!

Lol idk imagine they are a giant oil ship from venezuela.

I wouldn't mind if they write off my mortgage.

They'd go to corporate bonuses.

Draining the courts' resources AND make daddy putin happy, sounds like a win-win for Trump

this is their goal, they're trying to collapse the US economy. disaster capitalism is all that's left when all other fields are taken/captured by effective monopolies. there's no room for organic growth, just smashing shit to the ground and buying up distressed assets on the cheap

we have done this boom/bust cycle many times now

One thing that is correct that many people posting here seem not to understand is that there is no current residency requirement to open a bank account in the US

okay… but… why is that a problem?

be a citizen to own a home, etc

That's part of the point, eventually. You just start narrowing who's a "citizen" from there. It's why they want to get rid of birthright citizenship so badly, because then you can make up whatever test you like, and potentially even say "alright, NOBODY is a citizen unless you go and present yourself for racial profiling/pass a test/etc" or whatever.

I'm fairly sure that's the point.

Do you want to collect less in taxes?

I'm sure they plan to make it up with civil asset forfeiture (i.e., theft).

If the victim has their cash under the table they can steal it more easily than if it's in the bank. And with a harder to track paper trail. Easier for it to get lost and end up in Trump's pocket.

So now republicans are cool with the government telling businesses who they can and cannot do business with?

Democrats are cool with it too.

When it passed, 80% of the democrats in the Senate voted YES for the Immigration Control and Reform Act of 1986; which is the law that makes it illegal for business to hire undocumented people. It was later signed into law by Reagan. More Democrats actually voted yes for that bill than Republicans. The bill was even introduced into the house by a Democrat.

What a 180 the left has done on immigration.

Their what now? That's ICE's money. After the pulled the immigrant out of his bed, that money was just laying there. Nobody owns it, so it's finders keepers. /s

No, they should put it in the safest store of value Trump Coin, or whatever crypto BS his sons are hocking these days.

You don't even need to be a permanent resident now, you just have to have a taxpayer ID number (a TIN).

All the easier for ICE to take.

I knew a guy who boiled his sliced bread because the toaster was broken

Have I got a man for you.

Edit: I kinda forgot that this comment was about Trump. This dude is great, but... just watch the video, you'll see what I mean 😆

They need to go back to what they were originally intended to be. It wasn't supposed to be a way to enact new laws, it was meant to give agencies direction on how to go about enacting and enforcing laws passed by congress.

The whole system is broken and corrupt though. So no simple fixes for any of the issues unless you consider tear it all down and start fresh as simple.

You can’t really kill them. Technically it’s just the President saying do X or Y.

On their own, they have no effect in law.

They only instruct the Executive Branch on how to operate WITHIN existing law.

That would cause bank runs and crash the economy.

The goal is to fuck over immigrants and poor people, and they don't care who ends up as collateral damage.

That will be the ultimate outcome. At this point I would be preferred to be paid in gold and silver.

I hope it fucking hurts, too.

from PUTIN to duestche bank to TRUMP.

Having done as much research into this as the average mom does into vaccines…

I’m convinced that this is a monkey throwing poop at the wall to see what sticks. Monkeys don’t seem to have much of a cohesive plan, it’s just kinda funny to throw shit.