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Thread: Communist appointee to Currency Comptroller: "no more private bank accounts"

  1. #1

    Exclamation Communist appointee to Currency Comptroller: "no more private bank accounts"

    There will be no more private bank accounts.

    All your assets will be under direct Fed control subject to lockdown and seizure in the event of a monetary or physical crisis.

    So says Communist Saule Omarova.

    And no, that's not hyperbole...she's from the old USSR, educated in Moscow under the USSR...she's a for real, old timey, commie.



    Biden’s Banking Nominee Calls to Eliminate All ‘Private Bank Accounts’

    https://www.breitbart.com/politics/2...bank-accounts/

    SEAN MORAN 13 Nov 2021

    Saule Omarova, President Joe Biden’s nominee for the Office of the Comptroller of the Currency (OCC), called during a March 2021 virtual conference to eliminate all private bank accounts and deposits.

    Omarova spoke at the Law and Political Economy (LPE) Project’s “Law & Political Economy: Democracy Beyond Neoliberalism” conference in March.

    Omarova discussed one of her papers, “The People’s Ledger How to Democratize Money and Finance the Economy,” which would help “redesign” the financial system and make the economy “more equitable for everyone.”

    She said it would change the “private-public power balance” and democratize finance to a more systemic level.

    During her explanation of her paper, she said that the Federal Reserve, the nation’s central bank, can only use “indirect levers” to “induce private banks to increase their lending.”

    Her paper calls for eliminating all banks and transferring all bank deposits to “FedAccounts” at the Federal Reserve.

    During her conference speech, she said, “There will be no more private bank accounts, and all of the deposit accounts will be held directly at the Fed”:



    Omarova said her proposal would give the Fed more “proactive” monetary policy tools, such as “helicopter money.” She also pondered how the Federal Reserve could “take money” from Americans during an inflationary environment.

    A former senior government official told Breitbart News that if the Senate were to confirm Omarova, she would have the “most powerful, least accountable” position over America’s banking system.

    When talking about FedAccounts, the former senior government official said, “The Democratic Party over the last couple of administrations, they want the government to essentially take over a lot of financial functions from banks.”

    Omarova’s radical views led to 21 state financial officers calling for Biden to withdraw Omarova’s nomination for the U.S. comptroller:



    https://twitter.com/SFOF_States/stat...nk-accounts%2F

    The LPE serves as a platform to discuss:

    the role of law and legal discourse in the creation and maintenance of capitalism and in mediating tensions between capitalist order and democratic self-rule. Scholars in our network work to understand the relationship between market supremacy and racial, gender, and economic injustice; to articulate the relationship between capitalism and devaluation of social and ecological reproduction; and to explore the distinctive ways that law gives shape to and legitimates neoliberal capitalism, ranging from dynamics of financialization to the relation between the carceral state and capitalism. We also seek to offer concrete legal reforms designed to move beyond neoliberalism and toward a genuinely responsive, egalitarian democracy, with critical attention to the need for power and movement-building as part of any such transformation. [Emphasis added]

    Republicans have already moved to oppose Omarova’s nomination.

    Sen. Steve Daines (R-MT) said Omarova’s support of Communist ideals” disqualifies her for the position.

    “Republicans will overwhelmingly oppose this self-described radical,” Sen. Pat Toomey (R-PA) told Axios.
    Another mark of a tyrant is that he likes foreigners better than citizens, and lives with them and invites them to his table; for the one are enemies, but the Others enter into no rivalry with him. - Aristotle's Politics Book 5 Part 11



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  3. #2
    Jer. 11:18-20. "The Kingdom of God has come upon you." -- Matthew 12:28

  4. #3
    https://www.fool.com/the-ascent/buyi...l%20currencies.

    Fed Working on Crypto-Like 'Digital Dollar'
    by Emma Newbery | Updated July 21, 2021 - First published on May 22, 2021

    When will we see a digital dollar?
    It will take time before the U.S. introduces a digital currency -- if it does so at all. Powell said that careful thought and analysis would be required, and he set out a roadmap for how to move forward.

    In a video message, Powell explained that the Fed has been exploring the potential benefits of a CBDC for several years. He said, "Our key focus is on whether and how a CBDC could improve on an already safe, effective, dynamic, and efficient U.S. domestic payments system."

    https://medium.com/blockchain/the-co...s-a8a92d8e4eef

    https://www.banking.senate.gov/imo/m...206-30-202.pdf

    We're being governed ruled by a geriatric Alzheimer patient/puppet whose strings are being pulled by an elitist oligarchy who believe they can manage the world... imagine the utter maniacal, sociopathic hubris!

  5. #4
    The writing is on the wall, it won't be much longer before the implosion of the USD and The State flips the switch on the digital currency. Have you started to hear the term 'NFT' yet? Non Fungible Tech or Tokens you buy with digital currency at a specific retailer for use with only that retailer. The WWE has stated they plan to roll our their own NFT's here in 2022.

    You'll have a digital wallet that has so many units deposited every month and that expire at the end of that month, you'll be allowed to spend your units on approved retailers such as amazon or walmart or whathaveyou. If you don't spend all your units, they will expire, so no more saving money. The worst part is, most Americans and most humans in general will roll over and thank The State for saving them from their debt.
    "The issue is that you to define the best candidate solely based upon what they stand for." - CaptLouAlbano

    This is the mindset trying to take hold on RPF.

    "Kelly Thomas did this to himself." - FrankRep

  6. #5
    Sen. Steve Daines (R-MT) said Omarova’s support of Communist ideals” disqualifies her for the position.
    Actually, it disqualifies the Biden Administration.
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Pharma-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
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    Proponent of real science.
    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  7. #6
    Quote Originally Posted by belian78 View Post
    The writing is on the wall, it won't be much longer before the implosion of the USD and The State flips the switch on the digital currency. Have you started to hear the term 'NFT' yet? Non Fungible Tech or Tokens you buy with digital currency at a specific retailer for use with only that retailer. The WWE has stated they plan to roll our their own NFT's here in 2022.

    You'll have a digital wallet that has so many units deposited every month and that expire at the end of that month, you'll be allowed to spend your units on approved retailers such as amazon or walmart or whathaveyou. If you don't spend all your units, they will expire, so no more saving money. The worst part is, most Americans and most humans in general will roll over and thank The State for saving them from their debt.
    ^^^this^^^

    Yep, even down to food stamps, and other welfare programs. You will only be allowed to spend at certain retailers, and by a certain time frame otherwise useless. This increases the velocity of currency and also can even direct it to sectors of the economy that the government deems worthy. Imagine stimulus checks for cars only because the auto industry is suffering. Or how about certain food items because it promotes a greener alternative. The opposite can certainly happen, meat prices go up while vegetables drop in price. Thus we have a healthier population with less freedom. Now go one step further, and any economic sector or industry can be politicized so that they receive these benefits. We already know this happens, but they can dial it in even more. Your taxes can (and probably would ) be paid on the spot when you purchase each item. Why wait until April 15th? Every purchase everywhere will be tracked and the criteria for each transaction will be directed. Imagine these digital dollars being coded in such a way to force you to purchase (use or lose) your earnings. How would you save anything? i.e. it sits in a bank beyond two weeks it merely expires.

    We're being governed ruled by a geriatric Alzheimer patient/puppet whose strings are being pulled by an elitist oligarchy who believe they can manage the world... imagine the utter maniacal, sociopathic hubris!

  8. #7
    Last edited by Occam's Banana; 12-07-2021 at 05:04 PM.
    The Bastiat Collection · FREE PDF · FREE EPUB · PAPER
    Frédéric Bastiat (1801-1850)

    • "When law and morality are in contradiction to each other, the citizen finds himself in the cruel alternative of either losing his moral sense, or of losing his respect for the law."
      -- The Law (p. 54)
    • "Government is that great fiction, through which everybody endeavors to live at the expense of everybody else."
      -- Government (p. 99)
    • "[W]ar is always begun in the interest of the few, and at the expense of the many."
      -- Economic Sophisms - Second Series (p. 312)
    • "There are two principles that can never be reconciled - Liberty and Constraint."
      -- Harmonies of Political Economy - Book One (p. 447)

    · tu ne cede malis sed contra audentior ito ·



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