One thing you can say about Joe Biden’s nominees. They suck. He just got an eco-terrorist conformed and he has nominated a prosecutor that refuses to prosecute drug dealers as a US Attorney.
Now, he has nominated a Soviet-trained radical to serve as the head of the nation’s banking system. What could possibly go wrong with that? Self-proclaimed “radical” Cornell University law school professor Saule Omarova attended school at the Soviet Union’s Moscow State University in 1989.
He attended the school the Lenin Personal Academic Scholarship. She has praised the USSR economic system as late as 2019. That’s the economic system that drove the Soviet Union into ruin and I have no doubt she could do the same thing here.
Joe Biden is determined to destroy the United States, but he could never be found guilty in a court of law because quite frankly, he is insane. In less than a year, he has proven himself to be the worst president of all time.
In her own words:
“The core idea here is simply to allow all U.S. citizens and lawful residents, local governments, non-banking firms and non-business entities to open transactional accounts directly with the Federal Reserve, thus bypassing private depository institutions,” she wrote. “In this sense, it is a variation on the familiar FedAccounts — or FedCoin, ‘digital dollar wallets,’ etc. — theme. In principle, FedAccounts can be made available as an alternative to bank deposit accounts, upon a person’s request.”
How many of you are just itching to trust your money to the federal government.? Especially the government run by the Biden Caliphate? Just ask yourself why the Soviet Union’s economy went belly up, but the United States was still going strong prior to Joe Biden? Joe Biden now wants the IRS to have access to every single citizen’s banking records. What business is it of the government to be notified if you buy a new bed or go on vacation? If you have any doubt why he wants this, look at his nominee to head the banking system in this country.
VIDEO OF THE DAYIdiots Twerk On Ambulance After Shooting In Oakland, CA
Indeed. Or as Kristin Tate wrote for The Hill on Wednesday:
Taken to its extreme, this would mean that the Federal Reserve, acting on behalf of Washington, could become the only place citizens could deposit their money. Such a massive transformation would be accomplished by replacing consumer deposits into a new digital dollar, held by the Fed.
Nationalized banking with, if I’m reading this correctly, nothing but a centrally controlled digital currency for legal tender — what could go wrong?
The top Republican on the House Financial Services Committee, Patrick McHenry, said of her last week:
I am concerned Professor Omarova will prioritize a progressive social agenda over the core mission of the OCC — supervising and managing risk in our financial system. Our financial regulators must focus on pro-growth policies that foster innovation to build a robust and inclusive economic recovery, rather than Democrats’ obsession with vague social objectives.