“No More Private Bank Deposits” – Biden’s Radical Currency Nominee Wants All Bank Accounts To Be Controlled By The Fed
Published November 13, 2021 at 10:40am
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.
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.
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 fromMoscow 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.’”
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