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 ...
“ Is it possible a Republican can vote for this Marxist?”
Lindsay will.
L
You cannot properly address these people without obscenities.
They are idiots, they hate freedom and they are dangerous.
Exactly. You don’t want to tangle with someone who has nothing to lose.
I am looking forward to the nomination hearing. Cruz is going to have a field day as will several others.
Comedy gold is on the way.
I may be sounding a little naive here...
I guess the first step would be for banks to be told to freeze all accounts.
I read about it just before I posted it. She should be squashed tout de suite.
We need a good Bank Run. Everyone should rush to the bank and close their account, requesting crisp US currency suitable for placing under mattresses. That would break the system real quick.
She is a total idiot. I’d advise to take out 75-90% of cash in $9999 cash withdrawals. Obiously one needs a safe bolted
to floor.
My aren’t you a conspiracy theorist...
Hopefully, unsuccessfully. I really didn't think that they were this deluded about the resolve of the American people. Those people really live in a bubble.
She looks like one of those Bond Villains that has a poison razorblade in her shoe.
Let the pogroms begin
This chick is crazier than the cocoa puffs bird..seriously..no more bank accounts..the Govt will have our money and we have to beg them to withdrawal it..this is NUTS and no one who has ANY common sense would go for it
So just our bank accounts or theirs’ also?
I believe that they were premature and that they have severely underestimated the American people.
“How can the Feds take our money?”
$$$$$$$$$$$$$$$$
With their boot on your neck and a grin on their face.
Some Monday morning, you will put your ATM card in the machine, and it won’t come back.
You will try to sign on to your online accounts, and your password won’t work.
You will go to your brick and mortar bank, and the doors will be locked.
When that happens, what will you do about it?
How are you going to do that with Fedcoin?
Thank you for the link.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.