Biden’s Marxist 'Comptroller' Nominee Pushes For End Of Private Banks

P. Gardner Goldsmith | November 17, 2021
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MRCTV readers and viewers might recall that on October 5, I wrote a piece and produced a video with the MRCTV team covering how Saule Omarova, Joe Biden’s nominee for “Comptroller of the Currency,” praised the former Soviet police state where she received her university degree.

In the piece, I not only reported that she praised the USSR (the government of which exterminated over 60 million people, at a low estimate, during its existence) and the fact that she perpetuated the “gender pay gap in America” myth, but also noted signals that Omarova wants to eliminate whatever vestiges of private banking we have left in the United States, and she would like to have the Federal Reserve control all bank activity for all people.

Now, we have plenty more.

In a video call revealed November 12 on Twitter, the Marxist -- who in 1989 graduated from Moscow State University on the Lenin Personal Academic Scholarship, and who repeatedly has resisted congressional and news agency requests to release her thesis, "Karl Marx’s Economic Analysis and the Theory of Revolution in The Capital (Das Kapital)," – openly stated what she desires for you, me, and the rest of American humanity:

There will be no more private bank deposit accounts and all of the deposit accounts will be held directly at the fed.

Which is consistent with her Marxist tenets, and consistent with the anti-privacy, anti-freedom-of-choice course on which political leftists have steered the U.S. for over 100 years.

Starting at the time of the American Revolution with the creation of the corrupt “Bank of North America” at the prodding of Continental Congress Finance Minister Robert Morris (a bank that subsequently was run by Morris, to his incredible benefit), then, going into the First and Second Banks of the United States that were chartered on and off from after Alexander Hamilton (a protégé of Morris) got into the Washington administration, and through the early 1800s, central banking in the U.S. saw massive glad-handing, massive inflation, and more booms and busts than an explosives expert working on a Russ Meyer film.

Our current “not-so-free” banking system is a result of government regulations and the creation of the Federal Reserve in 1913.

With its method of “lending” to banks (and now, thanks to Trump-era federal COVID legislation, to private corporations, without any requirement to tell people), its monopoly on the creation of our “legal” currency, its ability to set “reserve standards” for private banks, and the U.S. government’s privacy-invading “know your customer” rules going back to the absurd 2001 PATRIOT Act and the 1970 Bank Secrecy Act (the Fourth Amendment seems unimportant to politicians for a lot of things, especially when it comes to snooping into your bank account), and the Federal Deposit Insurance Corporation, which offers banks below-market insurance on deposits and has inspired banks to be more reckless with loans, Americans have never had a truly free banking-money system, and it’s gotten worse and worse as time has passed.

Now, Omarova, a woman who literally studied at Moscow State on a Lenin scholarship, is openly promoting what she believes are the benefits of the Fed taking over all deposit accounts.

One of those would be an expansion of money the Fed can shower on favored businesses (or hold as ransom, for businesses that need loads, because, of course, private banks won’t be issuing them any more under this Marxist paradigm).

Omarova even implies that the Fed might “take money away from people’s accounts.”

And if you know folks who think that’s not a possibility, simply refer them to Greece, circa 2015-2018, when the government-created central bank and its overlords at the European Central Bank put limits on withdrawals and even shut down some bank branches due to the government-debt-inspired inflationary curve that had been brewing for decades and became an emergent poison for private depositors there in 2009. By the way, that 2015 problem came AFTER the leftist-adored move in 2011 to dump Greek Prime Minister George Papandreou and see him replaced with… the former Vice President of the European Central Bank (ECB), Lucas Papademos (which, itself came after Greece turned to the ECB for, yeah, you got it, loans and more inflation that just made things worse).

Then there was the 2013 move by the government-bank nexus of Cyprus to literally SEIZE PRIVATE BANK ACCOUNTS, but don’t mention that to anyone in the pop media, or your leftist friends who used to talk a good game about privacy, and who don’t walk the walk any better than drunks at sobriety stops.

Our leftist neighbors likely are too drunk with love for the government money monopoly and its vast array of regulations and connected corporate friends to bother thinking about the problems this kind of system has wrought in history, and they are too enamored with Marxism-by-a-different-name to consider freedom as anything but a deadly enemy.

They likely will embrace Omarova’s approach if it’s put forward someday, and excoriate anyone who would prefer to use free-market currency created by private banks based on their own stores of gold or other valuable commodities.

And they likely will embrace her other big bombshell of the week, her desire to see oil, coal, and gas companies “go bankrupt” to achieve the leftist goal of environmental nirvana.

On November 9, video call footage of Omarova surfaced in which she stated:

And here, what I’m thinking about is, primarily, (the) 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 short order – at least we want them to go bankrupt if we want to tackle climate change.

For reference to the bogus nature of the “anthropogenic climate change” mythology, I will refer you to this piece and this, which are just two of the many we have here at MRCTV. But it is the consistency of Omarova’s Marxist message that I’d like to highlight as we close.

Related: Biden 'Bank Regulator' Nominee Praises Genocidal USSR: 'There Was No Gender Pay Gap There' | MRCTV

In his Communist Manifesto (1848), Karl Marx stressed 10 points that were necessary to eliminate the private, free market system and free will.

One of those was a government-granted central bank with the monopoly on the issuance of credit and currency. No private bank accounts would be allowed.

And another was government control over the means of production, including what was needed to power industry.

Sound familiar?

If this alarms you, feel free to spread the word. Of course, you might be stymied by corporate friends of the Bidenistas who would love for the FCC to stifle your speech even more than they already do.

Oh, yeah, that was half of Plank Six of Marx’s Manifesto, and the other half is dependent on fuel:

Centralization of the Means of Communication and Transport in the Hands of the State.

Welcome to Marxism. Its U.S. government machinery has been laid out and paid for with your tax cash for a long time.

And now, ironically, the woman who wants to run our Marxist fiat currency system – is an overt Marxist.

How fitting.