Senator Pat Toomey (R-PA) took to the Senate floor to point to the Soviet upbringing and radical collectivist ideas of Biden nominee Saule Omarova to run the Office of the Comptroller of the Currency. Omarova graduated from Moscow State University in 1989 on the Lenin Personal Academic Scholarship. Her thesis was entitled “Karl Marx’s Economic Analysis and the Theory of Revolution in Capital.”
In the past, Omarova has criticized cryptocurrencies in the banking system as “benefiting mainly the dysfunctional financial system we already have,” according to Bloomberg. She has also asserted that cryptocurrencies threaten to destabilize the economy and that they are susceptible to abuse by private firms at the expense of public safeguards. Omarova is expected to enforce stricter rules and oversight, and could pursue more radical positions like moving consumer banking from private institutions to the Federal Reserve.
“Ms. Omarova has called for ‘radically reshaping the basic architecture and dynamics of modern finance’ including nationalizing retail banking and having the Federal Reserve allocate credit,” Toomey said.
3:54 pm on October 8, 2021Step 5 of Karl Marx’s COMMUNIST MANIFESTO
5. Centralisation of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.
