On this week's Stansberry Investor Hour, Dan and Corey welcome Frank Trotter to the show.
Frank is the president of Battle Bank, which is looking to revolutionize the digital-banking
industry.
Frank kicks off the show by sharing how he got his start in banking and how interest rates
have changed over the decades due to various crises and bear markets. That leads to a
discussion about the U.S.'s 10-year Treasury yield and why it has soared since the Federal
Reserve cut rates. Frank also dives into EverBank, the direct-to-consumer online bank he co-
founded in 1998 that amassed $28 billion in total assets. (1:40)
Next, Frank explains what the current regulatory environment is like and how EverBank
survived the dot-com bust. He then goes in depth on Battle Bank, which is focusing on the
national direct-to-consumer branchless market. Frank covers Battle Bank's conservative
strategy for lending money, whether environmentalism and politics have had any impact on
lending to natural resource companies, and the specific advantages Battle Bank has over
larger banks. (19:14)
Finally, Frank talks about crypto acceptance at Battle Bank, "eCash" being ahead of its time
in the 1990s, and the larger limitations of bitcoin that will impede it from becoming a
reserve currency. He also gives his thoughts on Elon Musk's Department of Government
Efficiency and its lofty goal of cutting $2 trillion in federal spending. And he closes the
episode out by urging listeners to think about the future and ask themselves some tough
questions. (37:25)
