Episode 209. Old Glory Bank: Fighting Debanking and Building Financial Freedom

Show NotesEpisode 209. Old Glory Bank: Fighting Debanking and Building Financial FreedomWhat happens when banks, payment processors, and financial institutions begin deciding which lawful businesses and customers are acceptable?Recorded at the NRA Annual Meetings in Houston, Alex Ooley sits down with Eric Ohlhausen, co-founder of Old Glory Bank, to discuss debanking, financial privacy, and the importance of preserving access to the financial system for lawful individuals and businesses.Eric explains that Old Glory Bank was created in response to growing concerns about cancel culture, political discrimination, and financial institutions refusing service to customers connected with firearms, conservative causes, law enforcement, and other lawful but controversial industries.The conversation also explores how Old Glory Bank combines traditional FDIC-insured banking with digital-first technology, nationwide service, merchant-payment options, and planned integrations involving cryptocurrency, stablecoins, and blockchain-based banking.Timestamps:00:00 - Introduction to Old Glory Bank’s mission to protect liberty and support the Second Amendment02:26 - The social and political backdrop leading to the creation of Old Glory Bank03:39 - The founders and prominent patriots supporting Old Glory Bank, including Ben Carson and Sean Spicer05:23 - Why banking is essential for exercising rights like free speech and firearm ownership06:20 - The risks of deplatforming and de-banking, with real stories of account closures08:12 - How Old Glory Bank is a regulated, FDIC-insured alternative with national reach09:57 - Rapid growth of accounts and technological innovation in digital banking11:09 - The friction and challenges of moving banking relationships and how Old Glory Bank simplifies switching12:24 - Handling cash deposits through Old Glory Cash In locations13:54 - The bank’s support for non-traditional transactions and cash-first customers15:07 - Protecting privacy from big banks’ data sharing and invasive tracking16:30 - The bank’s stance on privacy, second amendment rights, and the fight against government overreach17:17 - The Old Glory Protect program offering death benefits to military and first responders18:33 - The upcoming integration of crypto, stablecoins, and blockchain banking in next-gen technology19:17 - The full potential of stablecoins as digital cash, lawfully backed and privacy-preserving21:10 - Customer service, ease of account opening, and the competitive edge of Old Glory Bank’s technology23:02 - Facilitating merchant services and the rollout of Old Glory Pay for censorship-resistant transactions25:10 - Special NRA partnership offering fee discounts to members and upcoming plans to go public26:33 - Final thoughts on supporting financial liberty and the importance of principled bankingOld Glory Bank:https://oldglorybank.comOld Glory BankNext Generation Banking Demo VideoOld Glory Cash In LocationsOld Glory Protect ProgramNRA Business AllianceUntil next time, remember: You are the Forge of Freedom.This episode is provided for general informational purposes. References to banking products, cryptocurrency, stablecoins, securities, or other financial services should not be understood as financial or investment advice. Product availability, benefits, fees, eligibility requirements, and regulatory status may change. Review the applicable terms and conduct your own due diligence.DISCLAIMER:  This podcast is for informational purposes only and should not be considered legal, medical, or financial advice. The views expressed in this podcast are those of the hosts and guests and do not necessarily reflect the views of any organizations or individuals they may mention. The hosts and guests are not liable for any damages that may result from someone listening to this podcast.