Trump Signs Executive Orders to Militarize Police, Punish Sanctuary Cities and Refugees(www.democracynow.org)

posted 3 days ago

return2ozma@lemmy.world

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TankovayaDiviziya@lemmy.world

35 points

2 days ago

I am going to short on my American stocks for the next four years. Trump won’t want to step down at the end of his term and when that happens, there will be chaos.

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NotJohnSmith@feddit.uk

12 points

2 days ago

I dumped all my us stocks as soon as Trump was getting warmed up, I won’t be going back for some years irrespective of perceived returns potential

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pmk@lemmy.sdf.org

4 points

2 days ago

Same, I just wanted to get out of the US market. It’s not even about how the stocks perform or about making money. Even if a good opportunity to buy presents itself in the future I will never buy US stocks as long as they are sinking deeper into fascism.

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SabinStargem@lemmy.today

4 points

2 days ago

I getting rid of my bonds and stocks, aside from a token $1,000. I will leave that in, since I hope hyperinflation to make that paltry amount reach the account’s cap within five years. No idea if that hyperinflated excess would actually be useful, but…well, who knows what is a good choice, if you can’t buy physical properties right now?

The rest of my savings are being transmuted into Euros. I have no idea how to get gold at a fair price, and I am aligned with democracy, so I figure money affiliated with Europe would be a good choice for me. Partially in case if I need to flee the Trump Regime, but also because Europe has an protective ocean and many different countries to prevent an outright crash when economies start breaking. I will almost certainly lose buying power, but probably won’t get wiped out by America’s self-disassembly.

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Whats_your_reasoning@lemmy.world

3 points

2 days ago

Any advice on getting your money converted to Euros? I’ve been trying to figure that out, but online searches for information are complete garbage now.

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SabinStargem@lemmy.today

4 points

2 days ago

Honestly, that is bit of a pickle in the US. I am an amateur, so use plentiful salt.

First off, most banks don’t hold foreign currency, and if they do, it is for people with big bucks. IIRC, I think you need at least $30,000+ for Citi, but most banks seem to be $200,000+ before they will talk with you. However, you can trade in your American dollars for physical foreign currency. Not very flexible, but Trump might have DOGE pillage the US bank accounts of “dissidents”, so…shrug. I would treat Euros like gold or an refugee fund. It isn’t an investment vehicle.

1: Go to the bank, and ask for a foreign currency. You are basically selling your dollars for XYZ. They will have you sign forms, and order the physical money. 2: Wait about a week, and you will be called to pick up your foreign bucks. 3: Keep in mind, the bank will ask whether you are going on vacation. Your call on how to interpret this question. I just told mine about hyperinflation. It might make me look looney, but…well, here we are. :P

Aside from physical foreign currency, you can try a Neobank. They are purely online banks, no physical branches. You get sent a credit card, and be able to buy and hold foreign currency for it. Keep in mind each neobank offers a different selection of currencies, will require IDs, and most only use a smartphone app. You will likely want a Neobank from London or the EU. Neon is based in Switzterland, offering a IBAN - International Banking Number. Revolut is with London, and apparently quite friendly for many folks. I am might go with Wise in London, since they apparently have a PC-desktop interface available, and Britain might be “neutral” in a US-EU conflict. Note that you will have assorted costs with exchanging currency in addition to standard costs of banking.

Up to now I only had a flip phone, but got a smartphone since I might need flexibility for handling the times ahead. Maps, photos, drone controllers, ICE spotting, neobanks, and so forth. Wish I could just be lazy and have the troubles go away, but that isn’t how it works. :(

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Whats_your_reasoning@lemmy.world

3 points

2 days ago

Wish I could just be lazy and have the troubles go away, but that isn’t how it works.

I feel this so hard. I’ve been more active this year than ever, and it takes so much out of me to socialize. But I’ve been giving talks, canvassing, and attending protests because we really don’t have a choice anymore. This government sure as hell isn’t interested in helping anyone, so it’s all on us.

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SabinStargem@lemmy.today

3 points

2 days ago

I was raised in rural territory, having no neighbors or childhood friends. To say the least, figuring how out to socialize is a bit…problematic. Is it proper to deny sharing a first name when asked by a random dude who fist-bumped me at the library for just telling him the opening time? I do not know.

Getting out of my shell is going to be weird.

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Olhonestjim@lemmy.world

2 points

2 days ago

I’m holding no stocks or crypto. I’ve got a few hundred of bonds I probably ought to sell. I liquidated my 401k and IRA a couple months back. Big penalty, no regrets.

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