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Who Is Saule Omarova, and How Does She Use Climate Alarm to Attack Fossil Fuels and Private Banking?
by E. Calvin Beisner

November 11, 2021

Will Saule Omarova move into new digs in the Office of the Comptroller of the Currency?

Do you know who Saule Omarova is? She’s President Joe Biden’s nominee to lead the Office of the Comptroller of the Currency (OCC). Never heard of the OCC? It’s “an independent bureau within the United States Department of the Treasury that … serves to charter, regulate, and supervise all national banks and thrift institutions and the federally licensed branches and agencies of foreign banks in the United States.”

Kinda powerful.

And what would Saule Omarova want to do, if confirmed? You might think she’d want to ensure that the chartering, regulating, and supervising of banks and thrift institutions gets done right, without corruption, without unfair influence by lobbyists, etc.

You’d be wrong.

For one thing, she favors moving all checking and saving accounts out of private banks and directly into the Federal Reserve Bank. That makes government surveillance of our financial transactions much easier—and threatens our privacy. It’s also a step toward the cashless society, which has its own dangers, as James Rickards explained in a talk for Hillsdale College’s Center for Constructive Alternatives November 8, 2021.

But that’s mild stuff. She also advocates a “National Investment Authority what would be an independent agency that would have the power to direct public and private investment in the US.” Otherwise known as Fascism—a particular brand of socialism.

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