Biden’s OCC nominee is proposing the most drastic changes to the monetary system since the advent of the Federal Reserve in 1913
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Will the Federal Reserve assume the role of personal banker and take away the fractional reserve banking privileges from the commercial banks? Biden seems to hope so. He is using advocates of the USSR’s banking system as its template.
If Omarova has her way, you and I would have to obtain credit from the Fed to buy cars, homes, or obtain any loan.
Welcome, Comrade! Biden’s Soviet-born nominee for Comptroller of the Currency thinks Fed should ‘end banking’, admires USSR’s economy because there was ‘no gender pay gap’ and says hedge funds are an ‘a**hole industry’
-Saule Omarova, Biden’s Soviet-born nominee for Comptroller of the Currency thinks Fed should ‘end banking’, admires USSR’s economy because there was ‘no gender pay gap’ and says hedge funds are an ‘a**hole industry’.
-Omarova graduated from Moscow State University in 1989 on a scholarship named after Soviet leader Vladimir Lenin.
–The MSM business channels are running cover for this nominee, saying that she is not as progressive as many have feared. They do not mention her Communist past (and present).
-Based on this pick, Powell’s days are numbered. Biden’s picks will be outright Soviet. This is the reason why Elizabeth Warren is vehimently opposed to reappointing Powell. She’s not bright enough to understand these matters, but her handlers will be taking the Fed in another direction.
-Watch out real estate investors! A regulatory body Omarova proposed is included in a House bill introduced by progressive Rep. Maxine Waters aimed at expanding affordable housing.
-This conforms to the timeline and the owners of the central banks are throwing it in our faces. Once the COVID monetary and fiscal programmes were announced, I declared that the Federal Reserve would gradually assume the role of primary lender.
-As primary lender, the Fed would manage the entire lending credit system. Thus, the whole concept of the fractional reserve system would be shifted to the Fed. The banks would still lend, but they would no longer be able to expand and contract the monetary supply. All of this would be a function of the Fed, as it would dispense credits as it saw fit.
-All Western central banks will eventually follow suit.