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Country music artist John Rich has partnered up with former HHS Secretary Dr. Ben Carson, Conservative radio host and political activist Larry Elder, and others, and in the continuing effort to combat Cancel Culture by building the Parallel Economy, have purchased an existing bank and rebranded it Old Glory Bank.

The primary difference with OGB is that they promise not to freeze any depositors' accounts for any Constitutionally protected activities or purchases. Essentially, attend a peaceful political rally, donate to a legal cause or political party, make a post on social media, buy a gun... and OGB promises to tell the government to go pound sand if they order your account locked.

The idea behind OGB came about after the investors noted the trucker protest in Canada last year, as well as the presidential election in Brazil, in which supporters' bank accounts were frozen.

At this time the only brick and mortar physical bank OGB has is in Oklahoma, so most depositors will be using it for online banking with their banking app.

With the recent collapse of SVB I can certainly understand any hesitancy in using a new bank... but it's really not a new bank, but a hundred year old bank that has been rebranded, and depositor money is FDIC insured.

OGB is doing a phased opening. They will be starting with individual savings accounts, then checking accounts, and over the Summer will do small business commercial accounts. I'm not sure where they are currently with the launch, but they were asking those wishing to open an account to go to their website and make a reservation to open one, once they went live. Supposedly it only takes a few minutes to open an account and they can be opened for a minimum of a $50 deposit.

Video interviews with some of OGB's investors, and additional info and FAQs can be found at their website.

Old Glory Bank


John Rich made the announcement about OGB's introduction on the ACLJ radio show, and Jay Sekulow plainly publicly stated that if OGB ever runs into a situation where the government orders user accounts frozen for legally protected activities and the bank refuses, that ACLJ will defend them.

Below is an article from the ACLJ on the OGB launch and one of the interviews they did with John Rich.

===============

COMING FOR CONSERVATIVES: FBI, DOJ, and Now Your Bank!

By

Jay Sekulow
March 3

4 min read

We’ve talked about the U.S. Department of Justice (DOJ) and the FBI targeting conservatives, targeting concerned parents who dare to attend school board meetings, and even targeting pro-lifers. But now we’ve learned that some banks are joining the targeting fray, abruptly closing out the accounts of known conservatives.

As reported by Fox News:

PNC Financial Services Group Inc. abruptly terminated its business relationship with the news aggregation app company launched last year by Donald Trump Jr. and former Trump spokesman Taylor Budowich, Fox News Digital has learned, which the company called the latest move by “woke corporations” to silence conservatives.

MxM News was founded and launched last year by Trump Jr. and Budowich to compete with apps that aggregate news content for readers, like Apple News, Google News and others that conservatives have accused of censorship. The parent company of MxM News is ROCDIGITAL, LLC.

Budowich told Fox News Digital that he first learned of the abrupt closure of the company’s PNC account when he visited a Florida branch office to pay vendor invoices.

“The teller said he was unable to complete the transfers as the account had been closed and balance had been zeroed out,” Budowich told Fox News Digital.


Imagine you go to conduct your financial business and only then find out that your bank closed your account without warning, and the only reason is they don’t agree with your political beliefs. Or because they don’t like your last name. Who will they target next? Will banks shut down the accounts of normal, hardworking Americans if they see tithing to a church or donating to a conservative organization in their activity? It’s blatant political bias by a federally regulated institution and should not be tolerated.

Our friend country music star John Rich joined us on the broadcast to discuss his involvement with a new bank, Old Glory Bank, which he, along with Dr. Ben Carson, Larry Elder, and other successful, well-known conservatives, formed to counteract this type of targeted harassment against banking customers for their political beliefs and affiliations.

As John explained, it was the targeting of truck drivers in Canada last year that first rang the alarm bells as to what was coming, and it inspired him to get involved in the financial sector:

We saw Justin Trudeau break the backs of those truckers when they were protesting by freezing their bank accounts, not only theirs but tow truck companies that refused to pull the trucks away. They also froze their bank accounts. Now you look down in Brazil at the protestors against the Bolsonaro election; they’re having their bank accounts frozen.

So now you see in America this starting to happen to businesses and individuals. Don Jr. is just one example of many. So we put together a new bank – we bought a physical bank in the great state of Oklahoma. It’s FDIC insured. We went through all the steps. It’s like any other bank you would ever work with; however, our credo is you will never be canceled for exercising your constitutional rights. Now the fact that you have to say something like that is quite a comment on modern-day America, but it’s where we’re at. I can tell you a lot of people fantasize about mass-canceling or mass-freezing our bank accounts when they don’t like what we have to say.


And he is absolutely right. They go after businesses and after bank accounts. It’s the weaponization of government and federally regulated agencies to force conservatives into silence for fear of this very scenario of finding out they don’t have a bank account anymore. As John said, it’s unbelievable that a bank would have to openly point out that they don’t close accounts based on political beliefs. It’s simply inexcusable, but here we are.

Today’s full Sekulow broadcast includes more analysis of this intolerable move by PNC, what it could signal for other banks and financial institutions, and the potential threat to you and your family’s finances.

Much of this day's broadcast was focused on the banking issue but if you just want to hear John Rich's comments about OGB then jump to @ the 20 minute mark. His comments last @ 8 minutes.



https://m.youtube.com/watch?ti...NDI&feature=emb_logo
 
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