Biden's Nominee For Top Bank Regulator Earned "Lenin" Award, Praised USSR's "Equality", And Wants To "End Banking As We Know It"

[livingston]

Biden's Nominee For Top Bank Regulator Earned "Lenin" Award, Praised USSR's "Equality", And Wants To "End Banking As We Know It"​

President Biden's pick for Comptroller of the Currency is quite the anti-capitalist.

Cornell University law professor Saule Omarova, who proposed 'ending banking as we know it,' and that radical change to the system would make the institution 'more inclusive, efficient and stable,' has come under fire over her extreme views.

"Until I came to the US, I couldn’t imagine that things like gender pay gap still existed in today’s world. Say what you will about old USSR, there was no gender pay gap there. Market doesn’t always ‘know best,’" Omarova tweeted in 2019, adding (after receiving harsh criticism) "I never claimed women and men were treated absolutely equally in every facet of Soviet life. But people’s salaries were set (by the state) in a gender-blind manner. And all women got very generous maternity benefits. Both things are still a pipe dream in our society!"
What's more, Omarova supports several progressive proposals - including the Green New Deal, and the creation of a giant bureaucracy she dubbed the National Investment Authority, which would - among other things - coordinate the long term economic strategy for the United States with upcoming infrastructure developments, according to the Washington Free Beacon. It would also manage a "big and bold" climate agenda.

The authority would have a congressionally approved governing board and regional offices across the country. In addition to developing roads, bridges, and other traditional infrastructure projects, the authority would fund affordable housing, public transit, and clean energy projects, as well as "climate change mitigation solutions," Omarova told Congress this year. -Free Beacon

As the Wall Street Journal editorial board notes, "Ms. Omarova thinks asset prices, pay scales, capital and credit should be dictated by the federal government. In two papers, she has advocated expanding the Federal Reserve’s mandate to include the price levels of “systemically important financial assets” as well as worker wages. As they like to say at the modern university, from each according to her ability to each according to her needs."

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[tirwin1]

Biden administration is nuts. Will the Senate actually let this lunatic in?

 

[FrankenCub]

I may not be very smart on the economic side, but I'm smart enough to know this isn't good if she gets her golden wand.

 

[repete]

What could go wrong? WTF are these people thinking and where the hell do they come from?

 

[libertysnake]

Hold on, he assigned someone who hates banking to lead banking? I know this scene. I've seen it before:

 

[livingston]

Biden administration is nuts. Will the Senate actually let this lunatic in?

You are looking at obama's 3rd term as explained in a you tube posted on this forum...

 

[spat]

You can have prosperity or equality. You cannot have both.

So, would you rather be middle class in a world with some super rich, or do you want to be poor in a world full of grinding poverty.

 

[SonOfSun]

You can prosperity or equality. You cannot have both.

So, would you rather be middle class in a world with some super rich, or do you want to be poor in a world full of grinding poverty.

You can have prosperity and equality at the same time.

You can't have prosperity and equity at the same time.

Guessing you meant the latter?

 

[FirstRifle]

This from zerohedge, which quoted the WSJ :

In a recent paper “The People’s Ledger,” she proposed that the Federal Reserve take over consumer bank deposits, “effectively ‘end banking,’ as we know it,” and become “the ultimate public platform for generating, modulating, and allocating financial resources in a modern economy.” She’d also like the U.S. to create a central bank digital currency—as Venezuela and China are doing—to “redesign our financial system & turn Fed’s balance sheet into a true ‘People’s Ledger,’” she tweeted this summer. What could possibly go wrong? -WSJ

Are "consumer bank deposits" the money we earn, put into a bank account and withdraw? She wants the Federal Reserve to "take over" the deposits? Does that mean the Fed assumes ownership of the deposits? And then doles out what you thought was your money as "financial resources" ? yikes!

 

[spat]

You can have prosperity and equality at the same time.

You can't have prosperity and equity at the same time.

Guessing you meant the latter?

I meant equality of outcome.

Obviously not equality of rights.

I understand people have adopted the word equity to refer to equality of outcome, but I do not like that use of the word, so I avoid it.

 

[GOYABEAN]

What could possibly go wrong

 

[Saltwater60]

This from zerohedge, which quoted the WSJ :

In a recent paper “The People’s Ledger,” she proposed that the Federal Reserve take over consumer bank deposits, “effectively ‘end banking,’ as we know it,” and become “the ultimate public platform for generating, modulating, and allocating financial resources in a modern economy.” She’d also like the U.S. to create a central bank digital currency—as Venezuela and China are doing—to “redesign our financial system & turn Fed’s balance sheet into a true ‘People’s Ledger,’” she tweeted this summer. What could possibly go wrong? -WSJ

Are "consumer bank deposits" the money we earn, put into a bank account and withdraw? She wants the Federal Reserve to "take over" the deposits? Does that mean the Fed assumes ownership of the deposits? And then doles out what you thought was your money as "financial resources" ? yikes!

Yes so they can control every aspect of our lives. Fuck them.

 

[livingston]

Yes so they can control every aspect of our lives. Fuck them.

On October 23rd, 2020, those behind the Biden campaign dropped all pretense, openly having their candidate state publicly his intention to control the lives of all Americans using the authority of a weaponized federal government to advance national COVID-19 regulations.

The Dept of Transportation would be the agency enforcing a national interstate transit mask and/or vaccine requirement. However, don’t focus on the DoT part of what he was saying in 2020… that was only one creek. Instead, focus on the downstream use of all federal regulatory agencies and how they align within a Federal COVID compliance agenda… that’s the river.
Think about the Dept of Agriculture (SNAP/food stamps), the Dept. of Labor, the Dept of Education, the Occupational Health and Safety Administration (OSHA), Housing and Urban Development, Health and Human Services, Dept of Labor, Dept of Energy and how they would join with the DoT to create the aggregate raging river of regulation.

Think about the federal government using mandates for enforced national COVID-19 compliance rules. Think about USDA (Dept of Agriculture) and OSHA federal inspections for social distancing, masks, vaccinations (etc) in all businesses, not just restaurants.

Think about the COVID-19 regulatory and compliance system and what political beneficiaries stand to gain.

Think about the Dept of Education using COVID, masks and mandatory vaccination demands, to restructure the way education is taught and the downstream regulations on charter schools and non-compliant educational systems that do not meet the ideological objectives of the master control plan. Think about how the ideologues can use COVID to force compliance by independent educational institutions.
Think about how the Dept. of Labor (complaint division) can be weaponized against political opposition based on arbitrary mask/vaccine inspections under the guise of employee health and safety…. using federal COVID compliance rules.

Think about required days off for the entire employee base if a single infection is identified in the workplace. Paid days off…. funded by Federal Government. Think about how that changes the income dependency dynamic.
Think about the larger Green New Deal (goals and objectives), and then contrast those objectives while aligning an overlay map of how federal COVID mitigation rules can be applied as a back door to the EXACT SAME objective.

Far beyond masks and even vaccines…. workspaces being forced to be redesigned. New rules on labor density, even rules on what qualifies as a monopoly can be modified. New rules on labor/manufacturing and office proximity. New rules on uniforms. New rules on hand-washing stations. New rules on sick pay, shift hours, time-off when a COVID infection is detected in the workplace.

Think about everything from rules on surfaces, to rules on packaging, to rules on ALL business operations as an outcome of federal regulatory policy under the guise of CVOID-19 mitigation.
Think about check-in locations and geolocation monitoring all under the guise of COVID tracking. OSHA, Labor, Agriculture, Transportation, Energy, Education, Housing, Health and Human Services, and even federal building permits… the entire regulatory system and compliance network. We are only beginning to fathom how far they plan to go with this.

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