This PDF article from the Vanderbilt Law Review details out the remake of our entire monetary system. And exactly how Saule Omarova will go about it.
This effort is particularly urgent in the wake of the COVID-19 crisis that reenergized the long-standing academic and policy debate on “democratizing finance.”6 Among other things, the crisis amplified recent calls to create free digital-dollar deposit accounts at the Federal Reserve for every American household and business.7 I
The layman’s explanation
INSANE Proposal to Let the Fed DELETE Your Money and SHORT Stocks
“...envisions the complete migration of demand deposit accounts to the Fed’s balance sheet...”
Gee, what could go wrong?
State Capitalism, as proposed by a Kazakh Marxist.
Worked reeeel good in the Soviet Union.
As for Kazakhstan, think Mexico with 10 times less money. That’s how well it worked for them.
Been there seen that...
CONTROVERSIAL isn’t a strong enough word.
I’ve been warning about her since September but folks are distracted obsessed with conspiracy theories.
Some excerpts from her manifesto:
https://freerepublic.com/focus/news/4003959/posts?page=18#18
Also, she wants to use her new banking system to fund AOC’s Green New Deal.
Her vision:
National Investment Authority
Omarova is noted for her support for a “National Investment Authority” (NIA), a proposal she has likened to New Deal-era programs. The proposal was first developed in 2015 in conjunction with Robert C. Hockett, a fellow Professor of Law at Cornell Law School. Omarova has stated that an NIA would be responsible for “devising, financing, and executing a long-term national strategy of economic development and reconstruction.”
The proposed NIA would be made up of two components: a “National Infrastructure Bank (NIB), as well as and a National Management Corporation (which she nicknames “Nicki Mac”), which would serve to invest in green technologies. A 2020 article published in The New York Times reported that the proposed NIA would function in a manner similar to the Federal Reserve, and compared the NIA framework to the Reconstruction Finance Corporation created in 1932.
Note that Robert C Hockett is AOC’s advisor and designer of the Squad’s “Green New Deal”. So basically, one of the designers of the Green New Deal is about to be placed in charge of regulating banks.
She's exactly correct - which is why the authors of the Constitution recognized democracy as an evil from the pits of hell, and did what they could to protect us from it.