Biden Nominates Yet Another Commie

In what must be just the wildest of coincidences, the administration has nominated another questionable nominee, this time Yet Another Commie (YAC) to high federal office.  This time the office is Comptroller of the Currency, the nation's highest banking official, and the nominee is Saule Omarova.  

Ms. Omarova isn't the typical leftist YAC kid from the US who went to a big lefty school in the US and was indoctrinated in how wonderful communism is; she was actually born in Kazakhstan, part of the former Soviet Union. 

Omarova graduated from the Soviet Union’s Moscow State University in 1989 on the Lenin Personal Academic Scholarship, according to the Wall Street Journal. As recently as 2019, she was still praising the USSR’s economic system as in some ways superior to our own. “Say what you will about old USSR, there was no gender pay gap there. Market doesn’t always ‘know best.'”

One report that I heard said that she was in the US during the tumultuous period when the USSR collapsed.  She spoke some English but certainly wasn't fluent in it, and still has a dense accent.  Nevertheless, she apparently applied to be allowed to stay and was granted the privilege.  Unlike any other former Soviet or refugee from any communist country that I've ever seen or hear speak, she apparently liked the the old country's way of doing things and thinks more government control is a good thing.  You might gather that from the last sentence quoted above. 

Among the first things she has said is that she wants to destroy all the banks in America.  Not just your big, national-name and "too big to fail" banks; she wants all banks to go away.  From what I can see everything from your neighborhood small bank or local credit union to the big national banks like Chase, Citicorp, Wells Fargo and so on.  All banking will be done through the Federal Reserve Bank so if your local bank survives at all, it will be as some sort of office of the Federal Reserve. 

Omarova’s goal is the eventual elimination of private banking and the establishment of the Federal Reserve as the nation’s only bank.

In her own words:

“The core idea here is simply to allow all U.S. citizens and lawful residents, local governments, non-banking firms and non-business entities to open transactional accounts directly with the Federal Reserve, thus bypassing private depository institutions,” she wrote. “In this sense, it is a variation on the familiar FedAccounts — or FedCoin, ‘digital dollar wallets,’ etc. — theme. In principle, FedAccounts can be made available as an alternative to bank deposit accounts, upon a person’s request.”

For those who have never learned this, or let this fact evaporate, the Federal Reserve isn't a government agency; it's a private corporation that enjoys a special tight relationship with the Fed.gov.  "Tight" might not be strong enough.  Perhaps incestuous is a better word.  There's a word for a merger of big corporations and governments.  Benito Mussolini was a big advocate of the idea; it's called fascism.  

Omarova herself wrote that her proposal is “deliberately radical in scope and substance.”   As Kristin Tate wrote for The Hill on Wednesday:

Taken to its extreme, this would mean that the Federal Reserve, acting on behalf of Washington, could become the only place citizens could deposit their money. Such a massive transformation would be accomplished by replacing consumer deposits into a new digital dollar, held by the Fed.

And just like that, the end of the dollar and replacement of paper money with a digital currency would happen.  It would be replaced not by Bitcoin, Doge coin or any of the existing Cryptocurrencies, but a new one that has been called Fedcoin.  No need for dollars, and buying things for cash would probably be outlawed.  Since everything will be done through the Federal Reserve Bank, there's no need to pass that law that they monitor everything you buy over the course of a year that adds up to over $600, $10,000 or any other arbitrary number.  They will know every penny (or whatever they call it) that you spend.  They would literally hold your checkbook in their computers, just like my bank (a local credit union) now has records of my checking account back over the years.  

Omarova is far beyond "just" wanting to get rid of banks like Goldman Sachs.  A big deal is being made yesterday and today about a Twitter video someone found in which she calls matter-of-factly for the destruction of the oil, gas, and coal industries. To save the planet, of course.  

In the clip, Omarova, who was born in the Soviet Union and is not a native English speaker, is seen discussing “troubled industries and firms that are in transitioning.” She continues: “And here what I’m thinking about is primarily coal industry and oil and gas industry. A lot of the smaller players in that industry are, uh, going to probably, uh, go bankrupt in, in, in short order, at least we want them to go bankrupt if we want to tackle climate change, right?”
...
This radical and destructive rhetoric was to be expected from Omarova, who, as Stephen Green pointed out, “graduated from the Soviet Union’s Moscow State University in 1989 on the Lenin Personal Academic Scholarship.” Omarova was apparently such a convinced Marxist in the late 1980s that she wrote her thesis on Karl Marx’s thought, and tellingly has refused to release that thesis now.

The opposition to other appointees has risen to the point where some nominees, like Chipman, have had their nomination blocked.  We really need to do it on this one, too.  Same process in that she will have to go through the senate confirmation process.  None of the three articles I read and linked to here give a date for the hearings, or said that the hearings are imminent.