This sounds like a logistical nightmare. Do people get lock out of their account if they don't comply? What if there are suddenly bank runs? Also, a lot of citizens don't have passports or their birth certificate. What happens with them?
3543
Definitelyhereforshi3 days ago
+2179
Whatever worst thing you can imagine...yeah, probably that.
2179
Doctor_Saved3 days ago
+1199
It goes beyond banking though. Everyone is setup on autopay. If a large portions of bank accounts are shutdown, all types of companies stop getting paid. Money stop flowing. The economy depends on money flowing. The literal economy will collapse within months. No joke.
1199
SatisfactionNarrow613 days ago
+795
I think that’s the idea. Many people do not seem to accept it but our government is compromised and I don’t mean in the “f*** the man” kinda way.
795
funeral13twilight3 days ago
+440
Absolutely the point of doing this. Crash the economy so the super wealthy can buy everything on sale.
440
Mouthpiecenomnom3 days ago
+112
It is the logical interpretation of executive branch policy.
112
AT-PT3 days ago
+91
Trump has as much as said that it's their plan.
He wasn't praising the great depression, and the ensuing enrichment of the wealthy for no reason.
91
OtakuMecha3 days ago
+22
Yeah, they don’t want a capitalist economy anymore. The richest people have already pretty much “won” capitalism and amassed all the resources.
Now they want to move to a model where they just own and control everything, they can subinfeudate whoever they still find useful, and let the “excess” just die. A return to a more feudal model that doesn’t rely on a market economy so much.
22
Regurgitator0013 days ago
+5
But, wait, I thought they said the wealth would trickly down right?
5
IndependentSpecial173 days ago
+145
He was one of the architects of the British pounds failure back in the day. Destruction, devastation, and corruption appear to be his specialties. Ohh and he is a literal Soros money manager, you know GOP boogeyman of legend.
145
KimbaXO3 days ago
+24
Trump dumped Covid recovery on US banks - EIDL and PPP were money dumps (hooray!) but were also administrative nightmares. I’d guess Trumps on a short lease with banks. They’re not going to agree with him shutting down their flow.
24
ZackRaynor3 days ago
+35
They didn’t say they thought it through.
You’re expecting competence from the Trump administration.
35
ArchmageXin3 days ago
+18
China would love this one. All those corrupt officials and dissents alike flee to America to store their stolen wealth.
Now there goes their safe haven!
18
Givemeallthecabbages3 days ago
+66
They get sent to CECOT and the government seizes all of their money?
66
Hurricaneshand3 days ago
+101
I can't imagine a government sending a minority population to camps and then seizing all of their valuables. Nope never happened
101
Shot-Possibility-3993 days ago
+537
Germans seized Jewish bank assets, just a reminder
537
Flash_ina_pan3 days ago
+214
Oh they are definitely planning to seize the funds of anyone who can't prove their citizenship, citizen or not. These flagrantly inept tools will definitely botch this and do massive damage to the economy in the process.
214
addamee3 days ago
+37
The grift that keeps on ~~giving~~ taking
37
RockerElvis3 days ago
+28
That’s just the beginning. They will seize funds of anyone that stands up to them.
28
Utsider3 days ago
+5
Hey, don't worry. The banks will get refunds.
5
EddieVanzetti3 days ago
+140
The Nazis seized the bank accounts, wealth, and assets of those they sent to the camps.
140
sithelephant3 days ago
+67
A really quite large number of people are locked out of banking because of moral reasons. Legal sex-work and related areas. Banks will close accounts and refuse to open new ones.
67
ParkerRoyce3 days ago
+32
"ENLIST TODAY, BEAT THE WAIT. You can earn your citizenship papers by enlisting in the army" propaganda ads coming to a phone near you.
32
Bee-Aromatic3 days ago
+8
“Would you like to know more?”
8
Skin4theWin3 days ago
+108
Any bank I’m with will lose my business in a f****** heartbeat
108
Ntroepy3 days ago
+139
It won’t matter if the feds require it from ALL banks by tying it to their FDIC insurance.
139
Skin4theWin3 days ago
+51
Caribbean banking it is!
51
UrsusRenata3 days ago
+31
Don’t forget state-chartered credit unions.
31
IMissNarwhalBacon3 days ago
+7
Still federally regulated. Heavily.
7
invariantspeed3 days ago
+79
They already require proof of identity and Social Security Numbers from US citizens. They literally already have proof of citizenship from citizens.
This current demand is incoherent. It’s political theater.
79
sanjosanjo3 days ago
+9
You don't need to be a citizen to get a SSN. Green card holders and people here on a work visa need them to work. But the point stands, that if you have a SSN, you are already approved to be here.
9
badnuub3 days ago
+6
They're selling the data they don't have is what they want.
6
Fragment513 days ago
+6
Those aren’t proof of citizenship. You can have a SSN and be a noncitizen, a permanent resident, or on a variety of visa statuses. This is adding a call for birth certificates (the draft EO says RealID will not count) or passports. It will cost millions just to do all that paperwork!
But totally agree that Iti is playing to the base here, but will also be used as another way to police migrants, track everyone, and make things worse. It will drive an undocumented migrants into cash economies and make it harder for them to pay taxes. And it could make a lot of foreign nationals, who do lots of banking in the US, leave.
6
angiosperms-3 days ago
+73
Anyone paying attention knew this was coming and has taken preparations for it. We will not get through Trump's presidency without economic collapse because not enough people care to try and stop him.
73
thatholeinmychest3 days ago
+11
How do you prepare for this?
11
tnstaafsb3 days ago
+18
Lots of stretching so you can bend over and kiss your ass goodbye.
18
shinobiken3 days ago
+46
This is what happens in Japan. Every time my visa expires, my bank (and many other aspects of daily life) basically turn off access to my account until I can provide proof that I have secured another visa.
46
invariantspeed3 days ago
+58
If you read the article, Scott says driver’s licenses complaint with Real ID will not be considered valid proof of identity. That means around half of US citizens would no longer be deemed as having proof of citizenship.
What you’re talking about is a little different.
58
EnragedMoose3 days ago
+18
It's pretty wild that they forced realid and then said no, it's not good enough
18
aeschenkarnos3 days ago
+26
The Japanese want their system to work. The Trumpletons want their system to fail. That's the difference.
26
thegroucho3 days ago
+49
Somehow I don't think Japan will use it as a repressive measure.
I can guarantee you this will be weaponised and used against US citizens.
ICE killed US citizens, has anyone been sent to jail for it?!
49
shinobiken3 days ago
+18
You don't think Japan will use it as a repressive measure? That's interesting, since they have been doing so for many years in Japan. Once your visa expires, they want everything to stop working for you. No food. No housing. No work. No money. No credit card. But you can choose to self-deport at any time.
Don't think that immigrants are not killed in Japan. There are cases where people who are challenging their own deportation are treated inhumanely and denied care, ultimately dying. They have been and they will continue to be killed by Japanese immigration authorities.
18
Ffftphhfft3 days ago
+12
Surely you can get your money out even if your visa has expired and/or you no longer live in the country? I still have a spanish bank account and no valid visa anymore, and it hasn't been closed thankfully.
12
jdblue2253 days ago
+11
Sounds like I need to immediately pull all my money out of the bank
11
Numerous_Photograph93 days ago
+10
That's when the bank says, "And...it's gone"
10
Few-Artichoke-25313 days ago
+1492
How exactly does non citizens pulling out of banks and creating and underground, all cash, and untaxed economy help?
1492
FOURTH_DEGREE_3 days ago
+628
It doesn't. The purpose isn't to actually help anyone except the ones controlling these useful idiots.
628
AvidStressEnjoyer3 days ago
+88
And to punish citizens who do not comply.
88
kyxun3 days ago
+63
This is a big one. It won't just stop at non-citizens. Eventually, it will be twisted, expanded, and used to punish any citizen who doesn't toe the line.
Think about it:
Are you a citizen but just don't have a passport? And the government makes it impossible to get one?
Are you a citizen but used to not be?
Are you a citizen but have non-citizen family members or friends?
Are you a citizen by birth, but your parents aren't?
Are you a dual citizen of a country the government doesn't like?
Are you a US citizen that hypothetically could be a dual citizen but just never looked into it officially?
Are you a citizen but in a political party or attended a protest or said something online the government considers "terrorist activity"?
Etc. etc.
63
broad5ide3 days ago
+264
Their goal isn't to help. It's to destroy and rebuild in a more exploitable form. It's what they do with everything.
264
Euphoric_Anxiety_1623 days ago
+23
Idk who they expect will finance the c*** they plan to do. No jobs, lousy wages, no decent healthcare avg citizens can't do it & can't afford the sh!t they peddle. We don't need newest gadgets now.
23
tnolan1823 days ago
+16
Theyll just keep increasing taxes on regular citizens. What do you think the point of tariffs are?
16
DYTREM3 days ago
+44
The subscription model has worked so well for them that the plan is to eliminate ownership by any other class than their own.
Everyone is slowly being pushed into economic slavery/serfdom through stagnant wages, social media addiction, renting, leasing and subscriptions.
Wake up and fight back!
44
doom_stein3 days ago
+12
Anyone who doesn't believe this is a possibility better look into the GENIUS Act, ASAP.
12
Malaix3 days ago
+38
I'm basically reading this shit the same way I read about Nazis stealing Jewish property.
38
Alt_Restorer3 days ago
+17
I mean at some point it starts to feel like how conservative reactionary politics works. I learn about that stuff and my mind goes to the West Bank.
17
Malaix3 days ago
+20
It pretty much is.
When people get desperate they tend to turn toward two broad roads of populism.
A) blame the elite, the rich, the ruling class for the scarcity. This is left leaning populism.
B)blame minorities and the “useless” and say once they are gone there will be plenty for everyone. This is rightwing populism. Fascism.
20
jleonardbc3 days ago
+27
Because at the same time, landlords will increasingly refuse to accept payment in cash, so those non-citizens will be forced to flee the country.
Which of course helps nothing but evil.
27
Mister_Brevity3 days ago
+18
well if they keep their cash with them, its easier to steal through civil asset forfeiture
18
Winged_Cougar19935983 days ago
+8
It helps the orange plague further damage immigrants, since they're substantially more likely to be carrying cash which can then be stolen or "impounded".
8
wdomeika3 days ago
+3942
*“There are sectors of the economy that are in recession” (citing housing as an example) … but overall “I am very confident about 2026” and “we are in good shape.”*
This guy is dangerously inept...
3942
randomtask3 days ago
+1524
Destroying the US is what he was hired to do.
1524
Junkstar3 days ago
+242
He’s just not moving fast enough for the grifter in chief.
242
YellowZx53 days ago
+13
He only has to be a yes man and say his lines on camera. He’s basically a DEi hire.
13
catonsteroids3 days ago
+185
They want to privatize every segment of society, including churches and government. They want the middle and working class to own absolutely nothing and have to pay for everything as they sit back and rake in the money. They want total control of society.
These sick fucks are evil and demented to put it simply. Meanwhile you’ve got a chunk of Americans in this country cheering them on, wanting them and aiding them to succeed.
I have a conspiracy theory that Trump is on the offense with the Pope because he wants a share of the Catholic Church’s assets and to also control them too. He’s got Zionist Jews and evangelicals already on his side, now he wants the Catholic Church to join in. He’s got an agenda for everything he targets.
185
Affectionate_Bee89853 days ago
+73
He doesn’t have plan or agenda for everything he does. He’s a senile idiot who is being used by those smarter than him to fulfill their whims. Also, because he’s a senile narcissistic old f***, he lashes out at everything that makes him not happy. He reacts and does not plan. He is cajoled towards a goal by Beter Bee-El and other billionaires, but he’s senile.
73
Honeydew_Meloncholy3 days ago
+28
The plan is whatever the Heritage Foundation puts on his desk that day. It's been laid out for everyone to see in [Project 2025](https://www.project2025.observer/en). To say he has no plan severely undercuts that there are clear objectives set forth that will objectively make the lives of working Americans harder.
28
Lobsterbib3 days ago
+169
They are designing it where you can be entirely shut out of every system if you are deemed a threat. Say something snarky online? Get classified as a terrorist, have all your accounts and lines of credit frozen, your driver's license revoked, your Passport blocked, etc. You can own all the guns in the world, but that won't help you if you can't buy food or pay your rent.
And they're almost there, all the major sources of data are in Republican hands, they just have these last few loose ends to tie up. The total police state takeover is literally months away from being real and everywhere.
169
obnoxiously_meek3 days ago
+47
so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name.
-Revelation 13
47
DeHerg3 days ago
+7
On a totally unrelated note, did you know that future dollar notes will all have Trumps signature on it?
[https://www.bbc.com/news/articles/cz0el909yp3o](https://www.bbc.com/news/articles/cz0el909yp3o)
7
tuxedo_jack3 days ago
+45
Look back at his track record at certain capital firms he founded - you know the ones.
A success he ain't, and he's f****** shady as hell to boot.
>Illegal immigrants “don’t have a right to be in the banking system,” Bessent told CNBC.
Drop it back 60 years, and he'd be the target of those lavender cross-hairs of his enforcement efforts.
45
FalkeEins3 days ago
+376
He’s not inept, he’s staying on message.
He is completely aware that what he said is disingenuous.
376
greygrey_goose3 days ago
+165
100% this. I’m tired of people mischaracterizing what is happening. While I don’t think he’s the sharpest tack, he knows exactly what he is saying when he says that. He’s been instructed to stay on message no matter the cost or truth behind the matter.
165
good_looking_corpse3 days ago
+7
He made his bones working for soros. He's not dumb. He's going for plausible deniability.
7
Fair_Local_5883 days ago
+41
Yeah. Same with catching them being hypocritical. They know and they don’t care. They’re optimizing for power.
41
Healthy_Razzmatazz383 days ago
+11
the best way i have heard it put is both him and rubio grew into the masks they put on.
11
Numerous_Photograph93 days ago
+12
Yeah. This dude knows the deal. He's just pushing a message, but his agenda is to make sure the oligarchy takes control and profits greatly while Trump ends up being the face of the downfall.
12
ChicagoAuPair3 days ago
+114
Literally everything but the stock market is in shambles and getting worse.
114
Kradget3 days ago
+83
That's mostly running on wishful thinking and speculation at this point, too
83
Dariaskehl3 days ago
+64
What is it, six companies passing around the same fifteen billion or so, with the entire rest of the market side-eyeing the nearest chair and listening to the music?
64
stinky_wizzleteet3 days ago
+9
Youre right AI companies are basically circle jerking each other with the same couple trillion dollars while they plan on post-consumerism where we are just bread and circuses.
9
serious_sarcasm3 days ago
+7
It’s mostly running on health care taxes we pay to investment banks.
7
darksoft1253 days ago
+26
Only thing propping up the stock market is inflation and AI. Once the AI bubble bursts, it's going to get real bad, real quick
26
TrickyChildhood29173 days ago
+12
The 2% haven’t found it necessary to go after the top 5% just yet. They are still draining the last of us middle class of life and liberty. Then those people in the 5% better watch out… they’re not like Tiger Woods, they don’t have the President on speed dial when they flip their car and are surrounded by cops.
12
OddDot7243 days ago
+109
Housing going into recession. This has to be the first time this has happened
109
mankee813 days ago
+127
So REITs can buy up more houses for pennies on the dollar. When they said they wanted housing to be affordable, they didn't mean for people
127
Alwayssunnyinarizona3 days ago
+44
We all live in one big work camp.
44
OpheliaRainGalaxy3 days ago
+26
Ya can't imagine how annoying it is to escape flat out child slavery and find myself an adult here.
It's the same as when I was a kid, work as long as possible and maybe you'll get to keep sleeping indoors and eating enough food to work again tomorrow. Maybe.
26
DeviRi133 days ago
+9
My brother is convinced that it's immigrants buying up all the houses, not the tons of private companies that then rent them out.
9
32Seven3 days ago
+11
He’s a terrible liar, but when no one calls bullshit on him (or anyone else in the administration), he’s able to continue doing it with impunity. And, every one of us is getting dumber by the day because of it.
11
BrothelWaffles3 days ago
+19
I keep seeing quotes from this guy lately and each one is somehow dumber and more out of touch than the last.
19
Malaix3 days ago
+6
I don't think he is, he's just incredibly evil. He knows all this shit is insane. He's just a robber baron hoping to escape the US with his bag of gold when this all goes belly up.
6
mog44net3 days ago
+5
The billionaire sector is doing nicely
5
DukeandKate3 days ago
+330
A quick search shows you need...
>To prove U.S. citizenship, you can use a valid U.S. passport (current or expired), a U.S. birth certificate, a Certificate of Naturalization, or a Certificate of Citizenship. For children born abroad, a Consular Report of Birth Abroad (CRBA) serves as proof.
I suspect most Americans would have one of these but there are probably 10's of millions who don't. And god forbid you lose it.
Presumably you'd need a marriage certificate if you change your name when you get married. And adoption papers if you were adopted. And what about other name changes?
It seems like quite the burden on the banks.
330
Sunna4203 days ago
+151
Adoption records are sealed. So, I wouldn't be able to supply those. They had to pass a law in my home state for people like me who were adopted for exactly this reason.
151
wolfgang7843 days ago
+32
Not a drivers license? RIP. Everything always gets complicated when I gotta bust out my CRBA because 99% of people have no idea wtf it is or how to process it.
32
mar211823 days ago
+29
Of course, they're trying to get birth right citizenship overturned. It will probably (fingers crossed) be unsuccessful. But if it is overturned, birth certificates wouldn't even be able to confirm citizenship. A very large number of American citizens wouldn't be able to confirm their citizenship.
It won't just be brown people affected. The racism is the point of their policies, but they are so stupid at implementing them that they can't even get the racism part correct.
29
SYLOH3 days ago
+7
> Presumably you'd need a .....
Don't presume a Shirley Exception if it's not there, especially with this group of "leaders".
Even more so, since not having this mechanism would be an additional way to punish women and trans people.
7
wpbfriendone3 days ago
+762
"Bessent has previously said that Real IDs would not be considered legal documents under this new executive order."
In another words "F*** you poor people".
Did I get that right?
762
wpbfriendone3 days ago
+640
Also, WTF did they force everyone to get a Real ID when aparently its not a "Real ID"?
640
headykruger3 days ago
+158
Isn’t it the most real ID? What do they want a passport? Birth certificate?
158
SlyJackFox3 days ago
+157
Whatever they say it is that disenfranchises people the way they desire. Make it easier for who they want and harder for those they don’t.
157
Politicsboringagain3 days ago
+35
Yeah, people are finally realizing it was never about IDs or the vent legal migration.
35
nedrith3 days ago
+18
I mean what does a birth certificate prove? Pretty sure when I ordered an official copy of mine online I didn't require any documents to get it, just had to check a box saying that it was my own certificate I was ordering. It also lacks a picture of me.
Also if Trump has his way not everyone born in America will be citizens. Therefore the birth certificate could no longer be used to absolutely prove you are a citizen.
18
rabid_briefcase3 days ago
+10
Yup, if Trump gets his way to revoke birthright citizenship, birth certificates also wouldn't be enough and most people don't have the paperwork to prove it.
People would need to prove the citizenship status of their parents *at the time of their birth*. That order makes no provision for orphans or foundlings (baby abandoned at a hospital / fire station / church / etc, and all kinds of nonsense around unmarried couples or questionable / unknown fathers.
10
wonkifier3 days ago
+54
Which really annoys me because I went through the hoops to get my birth certificate from across the country and used that for my RealId.
But the DMV here doesn't apparently record the records used, so can't just flag the RealId as "demonstrated citizen". Gotta jump through extra hoops again at some point.
54
wpbfriendone3 days ago
+15
Good thing you are not poor who might not have the time or funds to get this sorted.
Almost like its by design.
15
Almainyny3 days ago
+34
FFS. You can enter a government building or get on an airplane with one, but apparently for everything else, it’s f****** useless.
Oh, but we need them for national security. F****** ridiculous.
34
YoureProbablyAB0t3 days ago
+64
Real ID was legit until fascists got control of the government.
The fascist narrative has no room for truth and legitimate policy to control the bogeyman they use to secure support.
F*** fascists.
64
ChadEmpoleon3 days ago
+38
Real ID is largely in place because it pushed for so heavily specifically by the same fascists too.
Just goes to show that appeasing them by siding with them on anything will never be sufficient. Something that the old guard Democrats refuse to understand.
38
ReactionJifs3 days ago
+4
Surreal ID
4
ClaudeGascoigne3 days ago
+90
So what's the accepted documentation going to be? Is a passport good despite it being more expensive and easier to get, or is it going to be some bullshit "Trump Proof of Patriotism" card that's going to cost $500 dollars?
It's literally easier to purchase a gun than get an REAL ID.
90
fall3nang3l3 days ago
+30
Easier and faster.
At my local DMV, while 4 staff sit around and chat and play on their phones because they're just there to print photo IDs, the other 2-3 staff process everything else and take 15-30 minutes per permit, Real ID, and everything else.
Average wait time is 1.5-2 hours for anything that's not a simple photo card (updated license) process.
I can walk into any place that sells guns and walk out in 20-30 minutes with one and only need a driver's license to process unlike getting a Real ID and what that requires.
30
somethingsomethingbe3 days ago
+18
If everyone is required to get a passport, I don't expect this government to adequately step up and hire the staff needed for the massive increase in demand.
18
True_Window_93893 days ago
+15
That’s always been the case. People opposed to showing ID for things like voting aren’t against it because of some anti-ID principle, it’s because IDs can be hard for certain people to obtain and it’s an end-around for disenfranchisement and denying services and rights. If IDs were easier and cheaper, that opposition would go away.
15
fall3nang3l3 days ago
+6
The barrier to entry is absolutely by design when it comes to voting and that's where folks need to nut up and start pushing back.
I can't just register to vote for the hell of it on a whim and show up saying I'm John the Baptist and it's all said and done.
ID cards and licenses cost money. They require time and transportation to go to where you can get them.
IDs should be free to everyone. Why in the holy hell do you have to pay a fee and produce document after document to get a piece of plastic saying you are who you are? Assuming you can even get to the only places that issue those IDs?
6
DonarArminSkyrari3 days ago
+10
Literally what else could be considered? A DMV ID is the gold standard for whats accepted in the US for ID (obv passports are too, but they are almost only used by tourists or people who lost their DMV ID and thus recieve a lot more scrutiny and difficulty because outside of an airport the average person asking for ID has no idea what they are looking at when handed a passport, hinestly I'd have zero idea what i was looking at if i hadn't used mine as ID for a decade and even then it takes way longer to read than an ID card). A 'Real' ID is just a DMV ID with extra steps. And the other 'legal documents' i own dont have my photo on them. Literally just nonsense.
10
Bpax943 days ago
+747
Can they search financial ties to the Epstein conspirators as well?
747
Toginator3 days ago
+101
You know they can't! Those are rich people you are talking about! This rule is only for us poors! I mean, what if rich people had to divulge all of their citizenships? Then how would they be able to buy children?
101
zen_and_artof_chaos3 days ago
+11
They already have. Trump sent and received money countless times.
11
upnorthguy2183 days ago
+127
A textbook example of government overreach.
127
jquas213 days ago
+316
Here the republicans, tea party, conservatives, and trumpers go shoving the big government regulation down our American throats.
What happened to their party? Where did their values go?
316
SnooPets18263 days ago
+206
There has never ever ever EVER been values to the republican party in my lifetime. Just smoke screens to distract the public while they loot the government.
206
Ntroepy3 days ago
+35
That’s not really true. They’ve always valued lower taxes on the wealthy and screwing over the working class.
The smoke screen comes in where the Republican leaders actively despise the poor, but they’ve convinced the working class to vote for them.
35
jemappellejimbo3 days ago
+26
The values were let the poors be racist so they’re chill with the rich looting them penniless.
26
Really_McNamington3 days ago
+10
Not just let - positively encourage.
10
Really_McNamington3 days ago
+6
They really don't have much theoretical underpinning - "the conservative impulse and the reactionary impulse do not, with some isolated and some ecclesiastical exceptions, express themselves in ideas but only in action or in irritable mental gestures which seek to resemble ideas.”
[Source](https://www.goodreads.com/quotes/11359035-it-is-the-plain-fact-that-nowadays)
6
SoftResponsibility183 days ago
+48
I still don't get this, banks are already required to collect this data. Pretty sure it is required by KYC laws.
So is this EO trying to expand that? I doubt that can happen without something like the save act passing Congress.
For context, I hate any idea of this, but this feels similar to the 10% interest rate EO that did nothing and was forgotten
48
D1ngu53 days ago
+31
It's a nothingburger of executive overreach that will be slapped down.
We're looking at a dead political movement floundering about for some last gasp of 'hurting the right people'.
31
Pyromaniacal133 days ago
+21
He doesn't want banks to check data, he wants them to collect the data and give it to him.
21
SoftResponsibility183 days ago
+13
Ya but that isn't happening with an EO. They need a law for that. Just like how banks had to lower interest rates to 10% by what 01/20/26 or something like that??? Shocker still way over 10%. I hate everything he does but this feels like a scare tactic rather than something to get mad about. Getting mad is the fear he wants to push. He wanted the same thing out of the census... If he cares that much have the balls to push it through Congress.
13
iCUman3 days ago
+4
It's not required to prove citizenship or legal status to open a US bank account. Foreign nationals are not prohibited from utilizing our banking system. Literally anyone can apply for an ITIN and use that (along with other documentary evidence) to open a US bank account.
Invalidating driver's licenses/state IDs as acceptable ID alone will entirely upend existing KYC workflows. Most automated verification processes are built around collecting government-issued photo ID and confirming validity against government repositories. Those processes are incompatible with documentary evidence such as birth certificates or social security cards, which are typically subject to a manual review process that is, frankly, less robust and more subjective.
4
MentokGL3 days ago
+120
More data to feed into palantir to identify and track political enemies.
120
Modz_B_Trippin3 days ago
+71
>Bessent has previously said that Real IDs would not be considered legal documents under this new executive order.
The more I read about Real ID, the more pointless it seems. If it won’t even be accepted, why have it at all?
71
seiryuu-abi3 days ago
+17
Same. I used to think Real ID actually meant something. It wasn’t until this citizenship stuff started that I was like great, spend even more money on making sure you have everything else.
17
Secret_Account073 days ago
+15
I’m so f****** confused
Politicians in my state have been pushing REAL ID so hard. It’s the future! It’s secure! It can’t be reliably copied!
So why the f*** can’t it be used?
15
nachtspectre3 days ago
+6
Because the point isn't to prove citizenship or identity, the point is to disenfranchise people and steal their stuff.
6
--Sovereign--3 days ago
+10
I won't get one because it's just fascist bullshit, always has been. no reason I should have super special papers to travel, this is f****** America. F*** that shit.
10
TenchuReddit3 days ago
+32
>But that doesn’t satisfy Bessent. “Why can unknown foreign nationals come and open a bank account?” he said at the CNBC event. “Our bank executives job is to know your customer. How do you know your customer if you don’t know if they have legal or illegal status, whether they are a U.S. citizen or green card holder?”
WTF is an "unknown foreign national"? Why should the banks care about a client's legal status, especially if said status is often in flux? If the banks only require a valid SSN or ITIN along with other identifying documents, let them make that determination.
All this sycophant wants to do is make life incredibly hard for immigrants, legal or otherwise. So much for MAGA's lies that the Trump regime wants to protect legal immigration.
32
Animal_Courier3 days ago
+7
I need to be an immigration law expert to help somebody borrow money for a used Toyota Corolla?
I got this job because I’m good with math, computers, and people. I have zero interest in navigating the tangled web of shit that is US Immigration Law.
What a colossal dumbfuck.
7
johnnycyberpunk3 days ago
+7
> unknown foreign nationals come and open a bank account
Like... *corporations*, Scott?
**What is the citizenship status of a corporation Scott?**
If I just self incorporate, then what?
7
fleurgirl1233 days ago
+171
That’s gonna crash the economy, when suddenly all non-citizens have to go underground and do everything with cash
171
samwise1413 days ago
+90
Theres been like 10 things in the last year that should have crashed the economy. Somehow these fuckers keep going.
90
weshallarise3 days ago
+84
AI bubble it's like 7-10 companies keeping the economy afloat
84
calebmke3 days ago
+63
A shoe company’s stock shot up 600% today when they announced they were pivoting to A.I. Everything’s going great /s
63
kepaa3 days ago
+29
a FAILING shoe company
29
mnjvon3 days ago
+10
Yes and you have to ask, who is buying it up?
10
LiveChocolate88193 days ago
+28
Because "the economy" is just the same group of rich fucks passing the same few billion dollars back and forth to make line go up.
28
supercali453 days ago
+11
The 1% is floating the money to keep the Ponzi going for as long as possible
11
vass09223 days ago
+24
Non citizens? What about the citizens! These jackasses want everybody to have a passport at this point.
People can't afford gas to go to work let alone the cost of a passport. What happens if we suddenly have everybody requesting them?
So drivers license with real id don't work? Brilliant
24
meatybacon3 days ago
+50
F*** Scott Bessent, this guy has deliberately misled the American people and he deserves to be in prison
50
AlternativePizza33913 days ago
+66
I believe no law exists that you have to be a USA citizen to have a USA back account
66
CtrlEscAltF43 days ago
+29
Banker here- no you don't have to be a US citizen to have an account. But also if it's your first bank account with said bank you do have to prove your identity with forms of ID.
So this is already a thing and very highly tracked and enforced.
29
Blue53983 days ago
+25
They literally make shit up, which is why they keep losing in the courts, at which point they run to the Supreme Court whining about how mean the judges are.
25
androvich173 days ago
+23
possibly the most enthusiastic bj'er in the administration, some tough knees on that one
23
Tenthul3 days ago
+6
He's giving orders, not taking them. He's Miller/Bannon level, not some toadie. He didn't bribe his way there, he is where he is because it's exactly where he wants to be to enact what heritage/federalist wants to do.
6
devilquak3 days ago
+20
Isn’t the GOP supposed to be the party of anti government overreach? They are now reaching further than they’ve ever reached
20
BloodFartz693 days ago
+37
Is this the same MAGA financial guy who uses to work for the same George Soros Republicans can't stop crying about?
37
Guy-Manuel3 days ago
+16
They have my social security number what the f*** else do they need?
16
Agave7573 days ago
+14
Start with musk and trumps w**** wife.
14
A-Halfpound3 days ago
+39
They want to blacklist or debank those of us who speak out against the Trump Regime.
Look at what they have done to protestors and their Global Entry or PreCheck Status.
There is no limit to where the facists stop.
39
Blattgeist3 days ago
+11
„Every other country does it“ another blatant lie. Over here in Europe we have high private data standards that value the individual more than corporate data greed.
11
super803 days ago
+11
Anything to avoid going after the Epstein class.
11
wallyrules753 days ago
+9
Maybe he should focus on collecting data on off shore accounts filled with our tax dollars that his cronies have stolen. That I would like to know about.
9
caliboy5593 days ago
+9
Everyone should not be ok with this
9
shlybluz3 days ago
+9
Holy cow!. Waiting to see how many people resort to hiding cash at home because of this. My grandparents had extreme mistrust of banks because of the stock market crash of '29 and banking panics that followed in the early '30's, so I could see people refusing to share data and just hiding the cash at home.
9
rasman993 days ago
+8
VOTE the bastards out, starting w/the midterms. It's our only hope.
8
sarhoshamiral3 days ago
+8
Dont banks do this already? I have accounts with most major banks and had to answer citizenship question for each.
They didnt ask for proof though.
8
Mike-SBA3 days ago
+8
As well as any personal information they can find to send to the federal government. Include account numbers for easy access to accounts by federal agencies! Would ICE like copies of all documents? Big Brother government continues.
8
rockerscott3 days ago
+7
So what does this mean for your average American? I have had my checking account for 20 years. Am I going to have to bring my birth certificate to my local branch?
And why did we all get Real-ID and provide additional documentation of Citizenship to our respective BMVs if it wasn’t applicable to the citizenship question?
7
uwillnotgotospace3 days ago
+6
The goalposts will continue to move until you must have a million dollar balance in Trump's crypto currency to be considered a citizen.
6
Captnlunch3 days ago
+8
4th Amendment lawsuits coming up. Banks have a lot of money with which to pay lawyers.
8
Sword_N_Bored3 days ago
+6
He can collect the sweat from my balls off his forehead.
6
Square_Matter_90483 days ago
+6
How is this at all something the secretary of the treasury has the ability to do? This is a clear violation of every American's 4th Amendment. -
6
johnn483 days ago
+8
We are rapidly losing the ability to call ourselves the “free world”. We’ve all seen the WW2 and Cold War movies where the Nazis or Communists randomly stop people while holding out their hands and say “papers?” That’s what Trump is rapidly turning this country into, where we can be stopped and asked for proof of citizenship. It won’t be a stretch for him to require non-citizens to wear the equivalent of a yellow Star of David on their clothes.
8
DiamondHandsToUranus3 days ago
+8
This administration is ass cancer
8
tomgratz3 days ago
+6
That’s some serious Nazi shit right there !
6
LookAlderaanPlaces3 days ago
+6
Jail. Oligarchs. F******. Now.
6
Crazy-Nights3 days ago
+5
The American voter: I'm voting republican because democrats are trying to invade my privacy
🙄
5
Emperor_Zar3 days ago
+20
So who works at the banks? We do.
Either comply or defy. Or better yet, do what they do.
Obfuscate.
20
Ashamed-Raccoon-13873 days ago
+11
Everyone is suddenly a US citizen according to the bank 🤣
11
frustrated_futurist3 days ago
+22
The level of work its going to take to unfuck everything these project 2025 sons of bitches have done is so good damn daunting.
Generational problems, makes one yearn for a system collapse to start over from scratch.
22
jemappellejimbo3 days ago
+6
They’re not leaving without a system collapse from which they come out richer.
6
The_Reverend_Dr3 days ago
+5
Well dipstick Bessent, this flies in the face of presumption of innocence and due process. Why do I have to prove I'm a us citizen? It is assumed I am. It is your job to prove I'm not; not by me handing over my "papers" either. This is not east Germany and you are not Hitler. Oops. Did I get that last part wrong.
There is NOTHING in the constitution that gives the president the authority to craft or enforce such an order. And if you're going to be a whiney little b**** about it, I will take my 6 figures out of the bank and put it elsewhere.
I was born and raised Texan, and I'll be dammed if I let some "Trump-nosed" punk tell me I've got to prove who I am.
Trump is insane.
5
BeefPoet3 days ago
+5
A executive order is not a law. Or something private industry has to abide by.
5
megthegreatone3 days ago
+5
Wait, so what does this mean for legal green card holders? Or people on legitimate work visas? "F*** you, no banking for you"??
5
blue_sidd3 days ago
+4
First episode of handmaiden’s tale.
4
ZebraComplex43533 days ago
+5
So basically having that much information of a person kinda puts them in a position to conduct even bigger fraud. How interesting
5
XenithShade3 days ago
+5
hold on... Don't you already need an SSN or ITIN to open a bank account?
So don't they already have that info as its required by IRS?
5
dealienation3 days ago
+5
They already file W-8BEN and W-9 forms…I’m uncertain of why they would need more data for legitimate purposes?
5
mayhem63 days ago
+5
Ok, so I'm no economist, but wouldn't that result in fewer people using the banks? Wouldn't that take money *out* of the economy in a way? I mean if it's in mattresses at homes, it's not available to the banks for loans, investments, etc. Would that be bad for the economy? Like I said, I'm not economist.
5
Easy-Rutabaga40633 days ago
+5
It's so stupid to make it harder for people to get access to safe banking. So stupid.
5
Hicks_2063 days ago
+6
Since when the f*** did you need to be a citizen to hold a US Bank acct
6
andyb5217403 days ago
+4
Why are they attempting to go to such extreme measures to f*** over immigrants? Good lord give them a way to actually immigrate here legally instead of the abortion of a system we currently have
4
LarsThorwald3 days ago
+6
So my bank, which I have only dealt with online for more than a decade, is going to send me a text asking if I’m a citizen, and me, born in Estonia last Thursday, will click “yes.”
Or they will ask for my passport number, which is a clear violation of about six different laws.
Good luck with that.
6
Ok_Commission_92033 days ago
+5
Scott argues that illegals shouldn't have the right to be in the US banking system but I would argue none of these people appointed by Trump including himself have the right to be in the US government and should promptly be removed.
5
[deleted]3 days ago
+10
[removed]
10
ReactionJifs3 days ago
+5
(Illegal immigrant with no photo ID wakes up)
"I think I'll go open a bank account today!"
198 Comments