Debanking on wikipedia

So with the new regime executive order declaring it essentially illegal to be unhoused, people at risk might be thinking, “how do they classify me as homeless if I am surfing between friends or family or shelters?”

One of the big answers to this is the practice of debanking. If your financial institutions catch wind that you don’t have a stable address, they will try to close your accounts and send your balance as a cashier’s check to your last legal address. At-risk people understand the many, many scenarios where even just this process could be devastating.

Some unexpected ways you can get de-banked:

  • your apartment doesn’t have a legal address

  • you lose home owner’s insurance or your coverage changes and your bank decides it doesn’t like that

  • your building’s owner defaults

  • fire

  • flood

You may be at risk and just now realizing it. If you have an MH diagnosis and you don’t have two back-up legal addresses, you are on this Ex O.

Anyway, do not get debanked. Have legal address back-up plans EVEN IF YOU TRY TO FLEE THE COUNTRY because you do not want the regime classifying you as someone they want to put in the camps.

Sorry for another US-centric post.

  • peoplebeproblems@midwest.social
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    1 day ago

    Why of course.

    If you no longer have property, what use are you (/s)?

    This country was based on property rights.

    I’m sure most have noticed that a lot of law revolves around harming people OR property. If people aren’t property, why would damaging property be so severe?

    And the next part is the one that blows my mind more than anything - car insurance. I don’t know about all US states, but at least mine, you are legally required to have it to cover damages to other property. Most people keep full coverage because of the expense of a new car - like a home, or a boat, etc.

    This is all about the true goal of the Heritage Foundation’s plan - People to become property.

    I’m not talking Black slaves, or enslaved Latinos, I’m talking everyone. Sex slaves? A thing of the past. You make a transaction for a wife. (Remember no LGBTQ+ in this world of theirs). Employees? A thing of the past. You give workers shelter, food and enough healthcare to remain profitable.

    A lot of people can argue that is the current system. But a lot of people can still take time off. FMLA still protects people. People have retirement accounts. “You will own nothing and like it.”

    • moody@lemmings.world
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      1 day ago

      If people aren’t property, why would damaging property be so severe?

      Sorry in advance for defending the concept of defence of property. It’s not that I think it should be that way, but currently it is.

      Property can easily be equated to either work or status. In today’s society, we work to earn our property. Damaging property is then damaging work, or at least the value of the work already done.

      On the other end, status is something we already know that the elite value above all else, so it makes sense that attacking someone’s status is going to get punished.

      So it’s not so much that people are property, but that harm to property is harm to its owners.

      • peoplebeproblems@midwest.social
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        1 day ago

        Yes, that’s the belief. I understand that.

        But it isn’t harm to the owners. The equating harm to property to harm to the owner is what makes the idea of us not being equal a thing.

        Otherwise our children would be traumatized from every piece of colored paper that we have to throw away that they bring home. The unrepairable cars, the laptops that bite the dust, the food that we consume.

        That’s why people being property is no different to the elite. They are equivalent.