One thing CTH does is to look at proposed leftist advancements through the prism of previously blocked moves. The Joe Biden nomination of avowed communist Saule Omarova to the Treasury Department Office of the Comptroller of the Currency (OCC) should be considered in a similar perspective.
There’s a couple of different issues surfacing in the Omarova nomination. Obviously, she is aligned with the view that controlling money is another way to control the behavior of businesses and people; Omarova’s previous statements {Go Deep} about intentionally bankrupting oil and gas companies is indicative of the former – and the most recent statements are aligned with the latter. WATCH:
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Obviously, Saule Omarova is interested in the concept of an all controlling central bank that would eliminate the need for private banking interests. As she states, “There will be no more private bank deposit accounts, and all of the deposit accounts will be held directly at the fed.” The basic premise is that all employers would funnel their payrolls into a centralized federal depository, where they would be then be taxed and re-distributed, electronically, to the workers.
One central bank, owned and operated by the federal government, would replace all the purposes within the private banking system. Given her upbringing in the former Soviet Union, and considering her education at the University of Moscow, perhaps this outlook shouldn’t be surprising. However, her nomination alone should be viewed as astonishing.
♦ Big Picture – The COVID Passport concept, now currently deployed in Europe and Australia, then becomes the vector for entry into a digital identification process. At the end of that digital ID process is a centralized database, which, not coincidentally, directly aligns with the capability of the U.S. federal government to trigger what Omarova is advocating in that video – a centralized system to control all financial deposits and transactions through the digital ID previously created.
It doesn’t take a deep thinker to see how the federal government would eventually respond to having that much power over the financial accounts of Americans. Cue the visual reference:
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