A top Biden Administration Treasury nominee wants to model America’s economic system after the Chinese Communist Party’s (CCP) centralized control platform.
Saule Omarova, the Biden Administration’s pick for comptroller of the currency, recently praised the Chinese government’s monetary system for its “shining example” of “smart pro-innovation policy.” Yes, she couched the language in “critics of” format, but it’s clear, given her background and published work, that this is her personal view.
Critics of strict financial/fintech regulation have long pointed to China as a shining example of smart pro-innovation policy. I now agree that China's experience offers some valuable lessons for the US. https://t.co/jSQ1GjDPcm
— Saule Omarova (@STOmarova) January 22, 2021
Omarova is a true radical, according to her published work and biographical background. Educated at Moscow State University when it was under Soviet control, she wrote her dissertation on Karl Marx and communist economics, but the university has reportedly helped bury her thesis from public view. Moreover, Omarova has removed any reference to this work in her Cornell Law School CV.
The Biden Treasury nominee has long advocated for a Central Bank Digital Currency (CBDC) system that allows the federal government to reward what it deems “productive” behavior. The CBDC system, the Western version of China’s Corporate Social Credit System (CSCS), grants the government the ability to digitally and instantly remove the wealth of any non-compliant citizen.
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The CBDC debate still misses what's really at stake here. CBDC isn't just about payments; it can be designed as a public platform for allocating credit to productive (vs. speculative) economic enterprise. Here's one way to envision such a systemic shift: https://t.co/k0e4OehG31. https://t.co/Ia7HxuoimN
— Saule Omarova (@STOmarova) June 28, 2021
Omarova influential academic paper, “The People’s Ledger,” (the communist jargon is no coincidence) is her seminal work on the subject matter. It drives home the idea that there must be no separation between the government and its ability to control a country’s monetary system.
Proposal by Biden’s Treasury nominee Saule Omarova:
"There will be no more private bank deposit accounts and all of the deposit accounts will be held directly at the fed" pic.twitter.com/ojQviX74Bz
— Jewish Deplorable (@TrumpJew2) November 12, 2021
In recent weeks, she has exposed her economic extremism for the world to see. Omarova has stated her intent to destroy massive American industries to accommodate the Green-Red eco-radical agenda.
Saule Omarova, Biden's pick for Treasury post, wants coal, oil and gas industries 'to go bankrupt' https://t.co/KzsU268G3q pic.twitter.com/VC4UNsGMJ9
— New York Post (@nypost) November 11, 2021
Given the declining state of the American economy, there remains a fascinating debate over whether the Biden Administration is purposely nuking our economic system.
Is the Biden Administration purposely destroying the American economy?
I remain uncommitted to a full embrace of either position. In my view, it’s probably a combination of the Idiocracy and leftist ideologues at work. I wrote about it in detail on Friday.
Article cross-posted from Jordan’s Substack.
Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!
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JD Rucker – EIC