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

Breitbart ^ | 11/13/2021 | Sean Moran

[Silentgypsy]

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 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 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.

[Don Corleone]

Unmitigated COMMUNIST claptrap!

[Artemis Webb]

Lock and load.

[Pearfect]

Yes the democrats have become COMMUNISTS !!!

Vote democrat out .

VOTE THEM OUT !!!

[House Atreides]

Your money is our money. You’ll own nothing and you’ll be happy.

[MercyFlush]

Yeah, and I was “crazy” for buying metals.

[Da Coyote]

These people really do want a hot civil war.
And they most definitely will get it.

[gitmo]

This is an insurrection.

[Renkluaf]

There is no private property in utopia. All belongs to the state and the state will decide what’s best.

[Kozak]

Uh. My my money will be deposited directly in my mattress.

[ptsal]

Ping

[coloradan]

Note that The Fed is a privately-owned, for-profit company owned by a secret list of shareholders, which doesn’t have to be publicized because the company is privately held. So, forcing all deposits to go to the Fed amounts to support of an elite corporate monopoly - something the left says they’re against.

[fhayek]

If any Republican votes to confirm her, they should be drummed out of the party. I mean, even the most ‘moderate’ Republican should stand up to this...

[Silentgypsy]

This requires remediation.

[Silentgypsy]

Solid.

[Lazamataz]

This is a line that, if they cross, will cause a direct and forceful response.

[Lockbox]

What will all the banks do? How can the Feds take our money?

[SkyDancer]

The minute the nominee becomes seated or whatever, time to pull your funds.

[Silentgypsy]

Aren’t the board members’ names available? That could be a point on the continuum.

[seowulf]

We’ll just put it into this giant lockbox, you see, and dole it out as it’s needed.

Won’t that be nice? You won’t have to make any decisions at all.