Joe Biden Corrupt Traitor literally picked Soviet born sworn and raised Marxist Agent Saule Omarova to head US Office Comptroller Currency publicly stating will Nationalize All Bank Accounts... There's that "democratize" word again, hardly means any good people think it means. Multiple channels have been reporting... “No More Private Bank Deposits” – Biden’s Radical Currency Nominee Wants All Bank Accounts To Be Controlled By The Fed https://www.thegatewaypundit.com/2021/11/no-private-bank-deposits-biden-curr... https://www.banking.senate.gov/newsroom/minority/toomey-calls-on-omarova-to-... https://freebeacon.com/biden-administration/biden-banking-nominee-scrubs-kar... https://twitter.com/TrumpJew2/status/1459213417764556812 https://townhall.com/tipsheet/katiepavlich/2021/11/12/bidens-communist-treas... https://www.foxnews.com/politics/bidens-pick-comptroller-currency-pro-commun... https://www.thegatewaypundit.com/2021/10/bidens-pick-comptroller-currency-bo... https://www.thegatewaypundit.com/2021/10/bidens-pick-comptroller-currency-sa... https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3715735 Biden’s radical nominees continue to show their true colors. Biden’s Marxist currency nominee Saule Omarova said that all private bank accounts should be taken over and controlled by the Federal Reserve. Saule Omaraova is the most radical and extreme nominee ever pushed forward by a US president. Proposal by Biden’s Treasury nominee Saule Omarova: "There will be no more private bank deposit accounts and all of the deposit accounts will be held directly at the fed" pic.twitter.com/ojQviX74Bz — Jewish Deplorable (@TrumpJew2) November 12, 2021 TRENDING: MUST WATCH: Texas HHS DENIES Monoclonal Antibody Treatments For Whites - "If I Were Black or Hispanic Then I Would Qualify?" - Nurse: "Yep, That's Right" - (Video) Townhall reported: In September President Joe Biden nominated Saule Omarova to become comptroller of the currency at the Department of Treasury. If confirmed, Omarova would be in charge of overseeing banking in the United States. Omarova believes private bank accounts should be taken over and controlled by the Federal Reserve. “Imagine what it would be like instead of just a public option for deposit banking, this would be actually the full transition. In other words, there would be no more private bank deposit accounts and all of the deposit accounts will be held directly at the fed,” Omarova said during recent remarks. “How is it politically feasible for the central bank to take money away from people’s accounts.” Saule Omarova has come under fire for her prior comments praising the Soviet economy. Fox News reported: President Biden’s pick for Comptroller of the Currency has provoked sharp criticism for past and recent comments that praised the Soviet economy. Biden on Sept. 23 nominated Saul Omarova, a law school professor at Cornell University, for the office responsible with the regulation and supervision of all national banks. Omarova’s nomination drew immediate pushback from powerful voices who criticized her background and past comments that indicated a favor for the policies of the USSR. Omarova was born in the Soviet Union in what is now called Kazakhstan and graduated from Moscow State University in 1989. She has pointed to the USSR’s practices as recently as 2019, when she tweeted about the gender pay gap, citing the USSR as a better model. Omarova was born in the Soviet Union in what is now called Kazakhstan and graduated from Moscow State University in 1989. She has pointed to the USSR’s practices as recently as 2019, when she tweeted about the gender pay gap, citing the USSR as a better model. “Until I came to the US, I couldn’t imagine that things like gender pay gap still existed in today’s world,” Omarova wrote. “Say what you will about old USSR, there was no gender pay gap there. Market doesn’t always ‘know best.’” She also refuses to hand over her thesis on Marxism she wrote. Saule Omarova, President Joe Biden’s nominee to head the Office of the Comptroller of the Currency (OCC), is refusing to hand over to the Senate Banking Committee her university thesis on Marxism written during her time in the Soviet Union. Republican Sen. Pat Toomey, ranking member of the committee, had sent a letter to Omarova on Oct. 6 asking the Cornell Law School professor to hand over her Moscow State University thesis, titled “Karl Marx’s Economic Analysis and the Theory of Revolution in The Capital,” by Oct. 13, citing the committee’s need to “fully assess the fitness of individuals to serve in Senate-confirmed executive and independent agency positions.” Omarova, who grew up in the Soviet Union, had scrubbed mention of the thesis from her resume, the Washington Free Beacon reported. Biden's Communist Treasury Nominee Wants All Bank Accounts to be Controlled by the Fed Katie Pavlich Katie Pavlich | @KatiePavlich | Posted: Nov 12, 2021 4:00 PM Biden's Communist Treasury Nominee Wants All Bank Accounts to be Controlled by the Fed In September President Joe Biden nominated Saule Omarova to become comptroller of the currency at the Department of Treasury. If confirmed, Omarova would be in charge of overseeing banking in the United States. Omarova believes private bank accounts should be taken over and controlled by the Federal Reserve. "Imagine what it would be like instead of just a public option for deposit banking, this would be actually the full transition. In other words, there would be no more private bank deposit accounts and all of the deposit accounts will be held directly at the fed," Omarova said during recent remarks. "How is it politically feasible for the central bank to take money away from people's accounts." Proposal by Biden’s Treasury nominee Saule Omarova: "There will be no more private bank deposit accounts and all of the deposit accounts will be held directly at the fed" pic.twitter.com/ojQviX74Bz — Jewish Deplorable (@TrumpJew2) November 12, 2021 Omarova has also stated that in order for the country and the world to tackle climate change, governments must bankrupt the oil industry through regulation. Biden nominee Saule Omarova saying the quiet part out loud. On the oil, coal and gas industries: "We want them to go bankrupt if we want to tackle climate change." pic.twitter.com/luMR2HEMK9 — BidenNoms, A Project of AAF (@bidennoms) November 9, 2021 Omarova is a communist who grew up in the USSR. While in college at Moscow State University on a Lenin academic excellence scholarship, she titled her thesis, "Karl Marx’s Economic Analysis and the Theory of Revolution in The Capital." Recommended The Lynching of Kyle Rittenhouse Derek Hunter If confirmed, Omarova would be in charge of the Office of the Comptroller of the Currency. The OCC "charters, regulates, and supervises all national banks, federal savings associations, and federal branches and agencies of foreign banks." Biden's pick for Comptroller of the Currency blasted over past pro-communism remarks Omarova has praised the USSR in the past By Peter Aitken | Fox News Fox News Flash top headlines for October 3 Video Fox News Flash top headlines for October 3 Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com. President Biden’s pick for Comptroller of the Currency has provoked sharp criticism for past and recent comments that praised the Soviet economy. Biden on Sept. 23 nominated Saul Omarova, a law school professor at Cornell University, for the office responsible with the regulation and supervision of all national banks. Omarova’s nomination drew immediate pushback from powerful voices who criticized her background and past comments that indicated a favor for the policies of the USSR. Omarova was born in the Soviet Union in what is now called Kazakhstan and graduated from Moscow State University in 1989. She has pointed to the USSR’s practices as recently as 2019, when she tweeted about the gender pay gap, citing the USSR as a better model. (Twitter) "Until I came to the US, I couldn’t imagine that things like gender pay gap still existed in today’s world," Omarova wrote. "Say what you will about old USSR, there was no gender pay gap there. Market doesn’t always ‘know best.’" Some officials were quick to release criticism and urge Biden to reconsider the nomination. SEN. SANDERS SAYS HIS INITIAL $6T SPENDING PACKAGE ‘TOO LITTLE,’ ‘AMERICANS’ SUPPORT ON ‘OUR SIDE’ "I have serious reservations about her nomination," U.S. Senate Banking Committee ranking member Pat Toomey, R-Pa., wrote. "Ms. Omarova has called for ‘radically reshaping the basic architecture and dynamics of modern finance’ including nationalizing retail banking and having the Federal Reserve allocate credit." "She has also advocated for ‘effectively ending banking as we know it,’" Toomey added. ARIZONA SENATOR KRYSTEN SINEMA FACES PROTESTERS IN PHOENIX: ‘CLOWN OF ARIZONA’ The U.S. Chamber of Commerce also wrote a letter in opposition to Omarova’s nomination, pointing to comments from 2020 that laid out her intention to reshape "the basic architecture and dynamics of modern finance." "The Chamber generally believes that presidents deserve some degree of deference towards their nominees," wrote Neil Bradley, executive vice president of the U.S. Chamber of Commerce. "That deference assumes nominees are inclined to the faithful execution of the law, not the pursuit of radical policy agendas inconsistent with the obligations of the position of trust they are being nominated to hold." DEMOCRAT TAMMY DUCKWORTH HASN'T PAID PROPERTY TAX ON HER ILLINOIS HOME SINCE 2016, REPORT SAYS "We believe someone who holds the expressed desire to ‘effectively ‘end banking’ as we know it’ should not serve as the primary regulator of this industry," Bradley stressed. Omarova’s comment that the government should "effectively ‘end banking’ as we know it" comes from a recently authored paper called "The People’s Ledger," to which Republicans and industry experts have pointed as prime evidence to disqualify Omarova. CLICK HERE FOR THE FOX NEWS APP "As comptroller, Ms. Omarova would supervise some 1,200 financial institutions," The Wall Street Journal editorial board wrote in an op-ed. "While she couldn’t enact her People’s Agenda without legislation, she would have sweeping powers to punish banks that don’t follow her diktats. "Ms. Omarova is the wrong nominee for the wrong industry in the wrong country in the wrong century." The People’s Ledger: How to Democratize Money and Finance the Economy Cornell Legal Studies Research Paper No. 20-45 74 Vanderbilt Law Review 1231 (2021) 71 Pages Posted: 21 Oct 2020 Last revised: 15 Oct 2021 Saule T. Omarova Cornell University - Law School Date Written: October 20, 2020 Abstract The COVID-19 crisis underscored the urgency of digitizing sovereign money and ensuring universal access to banking services. It pushed two related ideas—the issuance of central bank digital currency and the provision of retail deposit accounts by central banks—to the forefront of the public policy debate. To date, however, the debate has not produced a coherent vision of how democratizing access to central bank money would—and should—transform and democratize the entire financial system. This lack of a systemic perspective obscures the enormity of the challenge and dilutes our ability to tackle it. This Article takes up that challenge. It offers a blueprint for a comprehensive restructuring of the central bank balance sheet as the basis for redesigning the core architecture of modern finance. Focusing on the U.S. Federal Reserve System (the Fed), the Article outlines a series of structural reforms that would radically redefine the role of a central bank as the ultimate public platform for generating, modulating, and allocating financial resources in a democratic economy—the People’s Ledger. On the liability side of the ledger, the Article envisions the complete migration of demand deposit accounts to the Fed’s balance sheet and explores the full range of new, more direct and flexible, monetary policy tools enabled by this shift. On the asset side, it advocates a comprehensive qualitative restructuring of the Fed’s investment portfolio, which would maximize its capacity to channel credit to productive uses in the nation’s economy. This compositional overhaul of the Fed’s balance sheet would fundamentally alter the operations and systemic footprints of private banks, funds, derivatives dealers, and other financial institutions and markets. Analyzing these structural implications, the Article shows how the proposed reforms would make the financial system less complex, more stable, and more efficient in serving the long-term needs of the American people. Keywords: central banking, Federal Reserve, CBDC, digital dollar, digital currency, FedAccounts, central bank balance sheet, financial system, systemic risk, shadow banking, structural reform, Glass-Steagall, fintech, financial stability, monetary policy, National Investment Authority, infrastructure finance, Suggested Citation: Omarova, Saule T., The People’s Ledger: How to Democratize Money and Finance the Economy (October 20, 2020). Cornell Legal Studies Research Paper No. 20-45, 74 Vanderbilt Law Review 1231 (2021), Available at SSRN: https://ssrn.com/abstract=3715735 or http://dx.doi.org/10.2139/ssrn.3715735 Biden’s Pick for Comptroller of the Currency, Born and Raised in Communist USSR, Won’t Hand Over Her Thesis on Marxism Written When She Was in the USSR By Joe Hoft Published October 20, 2021 at 11:47am Comment Biden’s pick for Comptroller of the Currency was born and raised in communist USSR. Now she won’t hand over her university thesis on Marxism. We reported previously that Biden’s pick for Comptroller of the Currency was raised in communist USSR. Biden’s Pick for Comptroller of the Currency, Saule Omarova, Born In the USSR Is Known for Her Pro-Communist Remarks Ms. Omarova is the last pick you would make for Comptroller of the Currency if you were attempting to build a better and freer America. Now she won’t hand over the thesis she wrote from when she was in school in the USSR. TRENDING: MUST WATCH: Texas HHS DENIES Monoclonal Antibody Treatments For Whites - "If I Were Black or Hispanic Then I Would Qualify?" - Nurse: "Yep, That's Right" - (Video) Saule Omarova, President Joe Biden’s nominee to head the Office of the Comptroller of the Currency (OCC), is refusing to hand over to the Senate Banking Committee her university thesis on Marxism written during her time in the Soviet Union. Republican Sen. Pat Toomey, ranking member of the committee, had sent a letter to Omarova on Oct. 6 asking the Cornell Law School professor to hand over her Moscow State University thesis, titled “Karl Marx’s Economic Analysis and the Theory of Revolution in The Capital,” by Oct. 13, citing the committee’s need to “fully assess the fitness of individuals to serve in Senate-confirmed executive and independent agency positions.” Omarova, who grew up in the Soviet Union, had scrubbed mention of the thesis from her resume, the Washington Free Beacon reported. She also praised the now-defunct socialist government for its lack of “gender pay gap” in 2019. This crackpot communist should not be working anywhere in our government. She’s an insane pick for the Comptroller of the Currency. Biden Banking Nominee Scrubs Karl Marx Paper From Résumé Saule Omarova attended Moscow State University on a Lenin scholarship Saule Omarova in 2018 / Senate Committee on Banking, Housing, and Urban Affairs Chuck Ross • October 6, 2021 11:55 am President Joe Biden’s pick for the nation’s top banking regulator, who received a scholarship named for Vladimir Lenin, scrubbed her résumé of a reference to a thesis she wrote on Karl Marx while a student at Moscow State University. Saule Omarova, who Biden tapped to head the Office of the Comptroller of the Currency, listed a paper titled "Karl Marx’s Economic Analysis and the Theory of Revolution in The Capital" on her résumé as recently as 2017. But the paper was not disclosed on the version of the résumé reported last month by the Washington Free Beacon. Sen. Pat Toomey (R., Pa.), the ranking member of the Senate Banking, Housing, and Urban Affairs Committee, pressed Omarova about the discrepancy in a letter on Tuesday asking her to hand over a copy of her report. Omarova, a professor at Cornell Law School, has already proved a controversial nominee. She has said she wants to "end banking as we know it" by providing bank services through the Federal Reserve rather than private banks. She has also proposed the creation of a federal agency called the National Investment Authority, which would coordinate long-term national economic strategy and infrastructure development for the United States. Omarova, who left the Soviet Union after graduating from Moscow State in 1989, has praised the Soviet Union for eliminating the gender pay gap. Toomey asked Omarova to provide a copy of the original thesis to the Senate banking committee by Oct. 13. He said in a statement that neither Omarova nor the Office of the Comptroller of the Currency agreed to hand over the thesis. He noted that presidential nominees are required to submit all copies of their published writings. Omarova did not respond to questions about the thesis or the revision to her résumé. The Office of the Comptroller of the Currency also did not respond to requests for comment. Omarova has received support from progressive lawmakers and special interest groups who support more regulation of the banking system. Sen. Elizabeth Warren (D., Mass.) called her nomination "tremendous news." The Sierra Club said that Omarova would erect "guardrails against Wall Street's risky fossil fuel investments" to fight "climate chaos."