Biden nominates avowed communist to Comptroller of the Currency | Eastern North Carolina Now

Pat Droney writes for Lawenforcementtoday.com:

Joe Biden is clearly not running the show, that much is clear.

Biden, who portrayed himself during last year’s presidential election as a moderate hasn’t acted like one. In fact, it hasn’t been close.

Biden’s nominees for various cabinet posts and other government positions has been a who’s who of far-left radicals, including Kristen Clarke, Assistant Attorney General for Civil Rights at the Department of Justice, and the recently pulled back nomination of David Chipman to lead the Bureau of Alcohol, Tobacco, Firearms and Explosives.

Believe it or not, Sleepy Joe has outdone himself. Biden has nominated an actual card-carrying communist, a self-proclaimed “radical” Cornell University law school professor to lead the country’s banking system, according to PJ Media.

Biden’s nomination of Saule Omarova to the position of Comptroller of the Currency should send chills down the spine of any right-thinking Americans.

Omarova is a graduate of the former Soviet Union’s Moscow State University in 1989 on the Lenin Personal Academic Scholarship, as reported in the Wall Street Journal.

Only two years ago, Omarova praised the former USSR’s economic system as being far superior to our own, in some ways. “Say what you will about old USSR, there was no gender pay gap there. Market doesn’t always ‘know best.’”

As the author of the PJ Media piece noted, there is a reason why there was no “gender pay gap” in the USSR. Teachers were paid the same as doctors, because medicine was believed akin to “women’s work,” with both teachers and doctors being “paid crap numbers of worthless rubles,” the author said.

The author noted there is a reason why the Soviet Union is no more while the United States is still here, and it will remain that way unless Omarova gets her way.

Omarova has stated the eventual elimination of private banking and having the Federal Reserve as the nation’s only bank. That should end well. In her own words, she said:

 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.

She even admitted that her proposal is “deliberately radical in scope and substance.” Kristin Tate wrote in The Hill this week:

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.

One can imagine a nationalized banking system run by the same federal government who runs the Post Office and the FBI being in charge of our money. Having only a nationally controlled digital currency for money? Scary.

Last week, the top Republican on the House Financial Services Committee, Patrick McHenry said:

I am concerned Professor Omarova will prioritize a progressive social agenda over the core mission of the OCC—supervising and managing risk in our financial system. Our financial regulators must focus on pro-growth policies that foster innovation to build a robust and inclusive economic recovery, rather than Democrats’ obsession with vague social objectives.

The problem with McHenry’s statement is that Omarova doesn’t seem so vague—she’s been quite clear about what she is trying to do and what her monetary philosophy is.

As the author of PJ Media’s piece noted, “nominating Omarova to serve as Comptroller of the Currency…is worse than putting the inmates in charge of the asylum. It’s more like putting a convicted arsonist in charge of the Forest Service.”

This is exactly what many of Biden’s nominees have done, with Clarke, Attorney General Merrick Garland, Treasury Secretary Janet Yellen and so many others having been given the keys to the candy store.

Just like Chipman’s nomination, Republicans need to be very careful about this one. She’s a radical in and administration full of them, but also an admitted communist radical. This is a dangerous road we’re going down.

Rest of article here.