Cryptocurrency: Biden Pick for OCC Omarova to Nationalize All Bank Accounts and Investments per MarxSocComSov

[grarpamp]

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-currency-nominee-wants-bank-accounts-controlled-fed/
https://www.banking.senate.gov/newsroom/minority/toomey-calls-on-omarova-to-turn-over-her-moscow-state-thesis-on-marxism

https://freebeacon.com/biden-administration/biden-banking-nominee-scrubs-karl-marx-paper-from-resume/
https://twitter.com/TrumpJew2/status/1459213417764556812
https://townhall.com/tipsheet/katiepavlich/2021/11/12/bidens-communist-treasury-nominee-wants-all-bank-accounts-to-be-controlled-by-the-fed-n2599031
https://www.foxnews.com/politics/bidens-pick-comptroller-currency-pro-communism-remarks
https://www.thegatewaypundit.com/2021/10/bidens-pick-comptroller-currency-born-raised-communist-ussr-wont-thesis-marxism-written-ussr/
https://www.thegatewaypundit.com/2021/10/bidens-pick-comptroller-currency-saul-omarova-born-ussr-known-pro-communist-remarks/

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."