Comment on YSK De-banking is often how the US first declares you "homeless"
kieron115@startrek.website 4 weeks ago
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.
ordinarylove@lemmy.blahaj.zone 4 weeks ago
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.
kieron115@startrek.website 4 weeks ago
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.
ordinarylove@lemmy.blahaj.zone 4 weeks ago
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.
kieron115@startrek.website 4 weeks ago
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.