Posted on 11/13/2021 11:57:03 AM PST by 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.
(Excerpt) Read more at breitbart.com ...
Concur.
And the state is made up of individuals.
I believe that will happen.
If this commie wh*%# even makes it out of committee, there will be a run on the banks.
Her plan also includes a Digital Dollar, called the “Central Bank Digital Currency”. Having watched how Big Tech and Private Banks have demonetized people (Paypal, Youtube, Twitter, Wells Fargo, etc), imagine how easy it will be for the “Central Bank”. They could freeze any account, block or limit ANY transaction. Guns and ammo? Gasoline? Beer? Beef? Sorry Comrade, your animal protein allowance has been exceeded, please select an alternative plant based protein.
I suspect they want to instigate a response that’ll give them an excuse to impose martial law.
I can’t see the banks cooperating with this, either.
Where it will be worthless. You might be able to do a little bartering with goods/labor as long as you can find people to trade with, but paper money will be worthless.
I believe they want to create some “McVeigh incidents” and use them to clamp down even harder.
Create the problem you have the solution to...
20 bucks says John Cornyn likes.
Like a lot of his other flaky ideas, I’m pretty sure this one won’t fly, but it doesn’t hurt to formulate an action plan. Will put my money on the brainy FReepers.
That might one of a few things that would trigger a revolution where people would not be limited to peaceful marches, take away their life savings and make them “community property” would leave people nothing left but to fight..
And Congress is even considering her?
Well, they know best, after all.
I believe they already have it. All they have to do is add themselves as the “caretaker” on the accounts.
Very easy to do.
Let them keep this idiocy up until next November.
It’s all falling into place. Their plan was masterful! Collude with the chicoms to release a deadly virus. Create a world-wide crisis. Use the crisis to get rid of Trump, condition the folks to living under totalitarianism, make them poor through devaluation of the currency, generate shortages, install a willing, weak communist in the White House who will gladly sign anything they put in front of him. Have the old communist appoint radical communists to key positions. Use the confusion to seize control of healthcare and energy. Expand control of the folks’ money.
I have seen the USSR go from communism to a pretty-good democracy, and the USA go from a functioning democracy to a pre-communist state. It’s too bad that people can’t seem to learn a lesson from what happened right before their eyes. Will we have to wait 70 years for the USA to go back to an OK-democracy like the Soviet Union did?
To that, I predict a robust black market and disappearing “revenooers” a la “Copperhead Road.”
They are planning on nationalizing the banks and when they do, poof, all the bank employees are now government employees working for the Federal Reserve. They will be bought and paid for with our money and they will be more than happy to screw us. If this happens it is game on.
https://www.brookings.edu/research/bank-nationalization-what-is-it-should-we-do-it/
Is it possible a Republican can vote for this Marxist?
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