(ZeroHedge)—You’ve got problems? The free market has got solutions.
The big banks wanted to debank conservatives, especially during the Biden administration? Well, now a new bank is popping up to fill the hole. The backlash started with Trump’s Davos remarks accusing the top U.S. banks of canceling conservative accounts, followed by a Senate Banking Committee hearing shortly thereafter, according to a column by Charlie Gasparino at the New York Post.
The fallout? Some customers left major banks, boosting a small online bank positioning itself as a refuge from “woke” banking: Old Glory Bank.
Old Glory Bank, marketing itself as a haven from “cancel culture,” saw a surge in business after Trump accused major banks of shutting down conservative accounts, naming JPMorgan Chase’s Jamie Dimon and Bank of America’s Brian Moynihan.
Within 36 hours, Old Glory gained 2,000 new customers and 700,000 social media mentions. CEO Mike Ring seized the moment, testifying before the Senate Banking Committee about bias in big banks.
The Post column says that Old Glory is a small player with $180 million in assets, far behind JPM’s $4 trillion and BofA’s $3.4 trillion. Both banks report no major deposit outflows. Founded a year ago in Oklahoma, Old Glory posted a $9 million loss last quarter.
Yet, the controversy has put it in the spotlight, while major banks scramble to defend themselves—not just against Trump but also Sen. Elizabeth Warren and others—over politically motivated account closures.
And if and when the bank promises a debt-free fully reserved balance sheet, we’ll sure be paying closer attention…
Independent Journalism Is Dying
Ever since President Trump’s miraculous victory, we’ve heard an incessant drumbeat about how legacy media is dying. This is true. The people have awakened to the reality that they’re being lied to by the self-proclaimed “Arbiters of Truth” for the sake of political expediency, corporate self-protection, and globalist ambitions.
But even as independent journalism rises to fill the void left by legacy media, there is still a huge challenge. Those at the top of independent media like Joe Rogan, Dan Bongino, and Tucker Carlson are thriving and rightly so. They have earned their audience and the financial rewards that come from it. They’ve taken risks and worked hard to get to where they are.
For “the rest of us,” legacy media and their proxies are making it exceptionally difficult to survive, let alone thrive. They still have a stranglehold over the “fact checkers” who have a dramatic impact on readership and viewership. YouTube, Facebook, and Google still stifle us. The freer speech platforms like Rumble and 𝕏 can only reward so many of their popular content creators. For independent journalists on the outside looking in, our only recourse is to rely on affiliates and sponsors.
But even as it seems nearly impossible to make a living, there are blessings that should not be disregarded. By highlighting strong sponsors who share our America First worldview, we have been able to make lifelong connections and even a bit of revenue to help us along. This is why we enjoy symbiotic relationships with companies like MyPillow, Jase Medical, and Promised Grounds. We help them with our recommendations and they reward us with money when our audience buys from them.
The same can be said about our preparedness sponsor, Prepper All-Naturals. Their long-term storage beef has a 25-year shelf life and is made with one ingredient: All-American Beef.
Even our faith-driven precious metals sponsor helps us tremendously while also helping Americans protect their life’s savings. We are blessed to work with them.
Independent media is the future. In many ways, that future is already here. While the phrase, “the more the merrier,” does not apply to this business because there are still some bad actors in the independent media field, there are many great ones that do not get nearly enough attention. We hope to change that one content creator at a time.
Thank you and God Bless,
JD Rucker
