Over the weekend, West Virginia Republican State Treasurer Riley Moore announced that he is heading up a group of state treasurers and financial officers in advocating that the US Senate not confirm President Joe Biden’s nominee to be Comptroller of the Currency given her radical Soviet-like remarks and writings.
Saule Omarova, a law professor at Cornell University who has praised the former Soviet Union and the father of communism Karl Marx, in the name of climate change has already talked about bankrupting the fossil fuel industry and how she wants to transform the US banking system by getting rid of all traditional bank accounts.
The state treasurer took to social media to let his thoughts be known.
“President Biden’s nominee to regulate banks openly says she wants to bankrupt our coal and natural gas industries — I’m proud to stand with my colleagues and for West Virginia to stop this!”
President Biden’s nominee to regulate banks openly says she wants to bankrupt our coal and natural gas industries — I’m proud to stand with my colleagues and for West Virginia to stop this!@SFOF_States https://t.co/fpuNCgb4XN
— Riley Moore for WV (@RileyMooreWV) November 12, 2021
Omarova’s ideas on banking are extremely radical. She wants the federal government to know everything you are doing with your own money. A a native of Kazakhstan, Omarova graduated from Moscow State University on a Lenin grant where she received the “Lenin Personal Academic Scholarship,” something she proudly puts on her resume.
She wrote a paper that was published in the Vanderbilt Law Review In “The People’s Ledger: How to Democratize Money and Finance the Economy,” Omaraova argues that all bank deposits should be transferred into what she calls “FedAccounts” at the Federal Reserve.
I can’t imagine a law school would publish an article that attacks our financial and banking sectors. She wants the Federal Reserve Bank, that has only had one customer, the US Government, to control every bank account in the United States. What could go wrong?
Loot Press reported on the action taken by the state treasurers:
Treasurer Moore has joined a coalition of 21 State Treasurers and financial officers in a letter to the Biden administration formally opposing the nomination. Treasurer Moore is also encouraging West Virginia’s Senators to oppose Omarova’s nomination, should her confirmation be brought up for a vote.
Additionally, Omarova has proposed creating a “National Investment Authority” to address climate change and other liberal social issues because she believes ‘greedy Wall Street’ hasn’t done enough to stop investments in fossil fuels.
Treasurer Moore, who has already led a coalition of 15 state Treasurers to oppose previous Biden administration attempts to eliminate investment in the fossil fuel industry, said he will strongly encourage West Virginia’s Senators to speak out and vote against Omarova’s nomination.
“The nomination of Saule Omarova to be our nation’s top banking regulator is just the latest salvo in this administration’s war on American energy and our financial freedoms,” Moore said in the news report. “We cannot allow control of our nation’s banking industry to fall to someone who has openly declared she wants to bankrupt West Virginia’s coal and natural gas industries.”
WATCH this incredible report on Omarova :
She’s Stalin in a dress.
“This radical nominee has proposed moving all private consumer bank accounts to the Federal Reserve, turning the Fed’s balance sheet into the ‘People’s Ledger’ for centrally planned investments, and stifling the rise of cryptocurrencies like Bitcoin through aggressive government regulation,” Moore said. “These are the kind of ideas one would expect from central planners in Communist China, not the chief regulator of the American banking system.”
“Most concerning for West Virginia, Omarova has declared the administration needs to bankrupt coal, natural gas and oil industries to combat climate change – completely disrespecting our hardworking coal miners and natural gas workers, and flying in the face of our very way of life,” Moore said.
“President Biden has already tried to bully banks in into divesting from coal, oil and natural gas, he’s proposed weaponizing the IRS by giving them access to people’s private bank data, and now he’s put forward a banking regulator who wants to eliminate the banking system as we know it – this anti-American agenda must be stopped,” Moore said.
“America’s capitalist economy and banking system has been and continues to be a beacon for economic freedom around the globe,” Moore said. “We cannot turn control of our banking system to someone who wants to use it to advance liberals’ radical socialist agenda. I strongly urge our allies in Congress to vote against this dreadful nominee.”