Meet, Saule Omarova.
Born in Kazakhstan, educated in Moscow, Madison, and Chicago, and now nominated by the Biden Team to head up its OCC (Office of the Comptroller of the Currency)…
…Ms. Omarova makes no effort to disguise what she is up to. She says she aims to “effectively ‘end banking’ as we know it.”
She has never worked for a bank, never run a business… never satisfied a customer, started a company, or “made payroll” for one, and never even held a job outside of academia or the law (we’re not counting her time as “special adviser” for Regulatory Policy to the Under Secretary for Domestic Finance in 2006-2007 as a real job).
And yet, she thinks she knows what is best for you, and 330 million other Americans (and perhaps the whole world)… and intends to give it to us, whether we want it or not. She explains:
My new working paper […] advocates a comprehensive reform of the structure and systemic function of the Fed’s balance sheet as the basis for redesigning the core architecture of modern finance. It offers a blueprint for transforming the Fed’s balance sheet into what it calls the People’s Ledger: the ultimate public platform for generating, modulating, and allocating sovereign credit and money in a democratic economy.
She proposes setting up something similar to the Gosplan in the Soviet Union, a “National Investment Authority,” (NIA) that would be responsible for “formulating, financing, and executing a coordinated strategy of sustainable and socially inclusive economic development.”
The NIA “would act directly in financial markets as a lender, guarantor, securitizer, and venture capitalist with a broad mandate to mobilize, amplify, and direct public and private capital to where it’s needed most.”
Yes, she’s proposing a Gosbank, the Soviet Union’s central bank, too.
And why not? Central planning worked so well in the Soviet Union. How nice of Ms. Omarova to bring it with her – to America.
Just waiting for the next minor "crisis" to be magnified and blown out of proportion by the fear mongering press, to give this OCC chief and her elite handlers the opportunity they need to ride in and save us with more communism.
Could be the next market sell off...or the debt ceiling that needs to be raised again...or just about anything. The media will manufacture the fear.
The elites will tell us all how capitalism and free markets have failed, but they have the solution...comrades.
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