Administrative command system, Administrative control economy, Berggruen Institute, Biden, centralized planning, China, Command and Control Economy, communism, Communist Youth, community banking, credit, Dictatorship, Fed, Federal Reserve, fixed prices, fixed wages, Great Reset, Karl Marx, Lenin, Leninism, Marxism, Marxist-Leninism, Omarova, Own nothing, Political enemies, Social control, socially suboptimal, USSR, WEF
“Socially suboptimal” appears code for political enemies and anyone that the government doesn’t like, for whatever reason:
“Specifically, she wants the Federal Reserve to allocate credit and capital, and as part of the regime, she advocates that the government acting through the Fed would actually cut off credit to those deemed, quote, socially suboptimal, end quote.
Can you imagine? Is there something more chilling than the idea that we would abolish retail banking, make it the responsibility of the Fed, and then actively require that the Fed decides who is socially optimal and who is not and then allocate credit accordingly…
Under her plan, which she again laid this out in writing, this is in a 2016 paper, the Federal Reserve would set prices in large sectors of the US economy…
Even she admitted that this is “paternalistic and has command and control elements”. At least she acknowledges that’s what this is. But, it doesn’t end there….” (US Senator Toomey) https://www.c-span.org/video/?515186-1/us-senate-hold-procedural-vote-debt-limit
See the video at c-span or here: https://youtu.be/4vPisGG6nvw See the entire transcript, further below.
This is how the Chinese government controls its business people, including its billionaires – through control of banking and credit.
She is connected to both China and WEF-Great Reset through the Berggruen Institute.
Those who attended the Trump Rally in DC have lost credit and jobs, even if they didn’t enter the Capitol and weren’t charged. Biden is doing something similar to those who refuse the vaccine. So, it’s not a big mystery what “socially suboptimal” could mean. Another hint is Critical Race Theory.
She has advocated “for moving Americans’ financial accounts from private banks to the Federal Reserve…. American Banking Association CEO Rob Nichols told DailyMail.com: ‘We have serious concerns about her ideas for fundamentally restructuring the nation’s banking system… Her proposals to effectively nationalize America’s community banks, end regulatory tailoring based on risk and eliminate the dual banking system are particularly troubling.” https://www.dailymail.co.uk/news/article-10065391/Bidens-new-comrade-Soviet-born-nominee-idolized-Karl-Marx-Moscow-State-University.html
Remember that they are aiming to snoop in everyone’s bank account, which appears part of this bigger picture: https://miningawareness.wordpress.com/2021/10/01/us-state-treasurers-auditors-express-concerns-about-biden-admin-snooping-in-bank-accounts-of-average-citizens/
“The administrative-command system (Russian: Административно-командная система, romanized: Administrativno-komandnaya sistema), also known as the command-administrative system, is the system of management of an economy of a state characterized by the rigid centralization of economic planning and distribution of goods, based on the state ownership of the means of production and carried out by the governmental and communist party bureaucracies (“nomenklatura”) in absence of economic freedom.
The term is used to describe the economy of the Soviet Union and the economies of the Soviet Bloc which closely followed the Soviet model.”https://en.wikipedia.org/wiki/Administrative-command_system
“Where Would A Person Even Come Up With These Ideas?’ Toomey Points To Soviet Upbringing of Biden Nominee” Video – https://youtu.be/4vPisGG6nvw
“THANK YOU, MR. PRESIDENT. MR. PRESIDENT, I RISE TO ADDRESS THE RECENT ANNOUNCEMENT FROM PRESIDENT BIDEN THAT HE INTENDS TO NOMINATE SAULE OMAROVA TO COMPTROLLER OF THE CURRENCY.
IF SHE WERE IN FACT CONFIRMED, SHE WOULD HEAD UP THE AGENCY THAT IS RESPONSIBLE FOR CHARTERING AND REGULATING FINANCIAL INSTITUTIONS. SO THAT IS TO SAY SHE WOULD BE THE HEAD OF THE PRIMARY REGULATOR FOR AMERICA’S NATIONAL BANKS OF WHICH THERE ARE VERY MANY.
I JUST WANT TO PROVIDE THIS MORNING A BRIEF INTRODUCTION, A GLIMPSE INTO THE MINDSET OF THIS NOMINEE. I WILL TAKE MORE TIME ON FUTURE OCCASIONS TO DELVE MORE DEEPLY INTO SOME OF THE THINGS SHE HAS ADVOCATED FOR AND WRITTEN ABOUT THAT I FIND EXTRAORDINARILY DISTURBING AND I THINK MANY OF MY COLLEAGUES WILL AS WELL.
LET ME START WITH JUST A FEW OBSERVATIONS. FIRST, LITTLE DOUBT SHE HAS BEEN CELEBRATED ON THE FAR LEFT FOR PROMOTING IDEAS THAT SHE HERSELF HAS DESCRIBED AS, QUOTE, RADICAL. THAT’S A POINT WE CAN AGREE ON. THESE ARE VERY, VERY RADICAL IDEAS. IN FACT, I DON’T THINK I’VE EVER SEEN A MORE RADICAL CHOICE FOR ANY REGULATORY SPOT IN OUR FEDERAL GOVERNMENT. I KNOW THAT IS A VERY SWEEPING STATEMENT TO MAKE. I THINK I CAN STAND BY IT. THERE’S A LOT THAT’S EXTRAORDINARY AND RADICAL HERE. MAYBE AT THE HEART OF IT, SHE DOESN’T JUST WANT TO TIGHTEN REGULATION OF BANKS. THAT’S NOT WHAT SHE’S ADVOCATED FOR. WHAT SHE WANTS TO DO AND I QUOTE, HER WORDS, EFFECTIVELY END BANKS AS WE KNOW IT, END QUOTE. THOSE ARE WORDS SHE WROTE JUST LAST YEAR.
THIS IS NOT ANCIENT HISTORY. THESE ARE THE VIEWS SHE HAS ARTICULATED IN WRITING WITHIN A YEAR. SHE CLEARLY HAS AN AVERSION TO ANYTHING LIKE FREE MARKET CAPITALISM AND THAT’S IN HER WRITING.
IN AN OCTOBER 2020 PAPER CALLED, QUOTE, THE PEOPLE’S LEDGER, END QUOTE, SHE OUTLINED A PLAN FOR — AND I QUOTE — RADICALLY RESHAPING THE BASIC ARCHITECTURE AND DYNAMICS OF MODERN FINANCE, END QUOTE. AND WHAT THIS WAS ALL ABOUT,
WHAT SHE WAS ARGUING FOR IN THIS PAPER FROM JUST LAST YEAR WAS REALLY PROMOTING THE NATIONALIZATION OF AN ENTIRE INDUSTRY, RETAIL BANKING, BASICALLY BRING TO AN END THE ABILITY OF BANKS TO COMPETE FOR CUSTOMERS’ SERVICES AND INSTEAD NATIONALIZE THAT.
A CLEAR SOCIALIST IDEA THAT WE SHOULDN’T HAVE FREE ENTERPRISE SYSTEM COMPETING FOR PEOPLE’S BUSINESS,
BUT RATHER HAVE THE GOVERNMENT OWN IT AND PROVIDE THAT.
SPECIFICALLY SHE WANTS THE FEDERAL RESERVE TO ALLOCATE CREDIT AND CAPITAL AND AS PART OF THE REGIME, SHE ADVOCATES THAT THE GOVERNMENT ACTING THROUGH THE FED WOULD ACTUALLY CUT OFF CREDIT TO THOSE DEEMED, QUOTE, SOCIALLY SUBOPTIMAL, END QUOTE.
CAN YOU IMAGINE? IS THERE SOMETHING MORE CHILLING THAN THE IDEA THAT WE WOULD ABOLISH RETAIL BANKING, MAKE IT THE RESPONSIBILITY OF THE FED, AND THEN ACTIVELY REQUIRE THAT THE FED DECIDES WHO IS SOCIALLY OPTIMAL AND WHO IS NOT AND THEN ALLOCATE CREDIT ACCORDINGLY. THIS IS UNBELIEVABLE.
IN A 2012 PAPER SHE SUGGESTED THAT A MANDATE THAT FINANCIAL PRODUCTS COULD ONLY BE SOLD IF THEY’RE APPROVED IN ADVANCE BY THE FEDERAL GOVERNMENT. THERE’S NO FREEDOM TO INNOVATE HERE. THERE’S NO RESPONDING TO CUSTOMERS’ WANTS AND NEEDS. THERE’S NO COMPETITION FOR PROVIDING — NONE OF THAT. THE GOVERNMENT WILL DECIDE WHAT CAN AND CANNOT BE OFFERED.
EVEN SHE ADMITTED THAT THIS IS, QUOTE, PATERNALISTIC AND HAS COMMAND AND CONTROL ELEMENTS, END QUOTE. AT LEAST SHE ACKNOWLEDGES THAT’S WHAT THIS IS. BUT IT DOESN’T END THERE.
MS. OMAROVA DOESN’T JUST WANT TO NATIONALIZE BANKING. SHE WANTS TO DO THAT BUT THAT’S NOT ALL.
SHE ALSO WANTS THE BANKING REGULATORS TO RUN THE WHOLE ECONOMY. UNDER HER PLAN WHICH SHE AGAIN LAID THIS OUT IN WRITING. THIS IS IN A 2016 PAPER. THE FEDERAL RESERVE WOULD SET PRICES IN LARGE SECTORS OF THE U.S. ECONOMY, THOSE SHE DEEMS TO BE, QUOTE, SYSTEMATICALLY IMPORTANT PRICES, END QUOTE.
THAT WOULD INCLUDE SHE HELPFULLY TELLS US WHAT WOULD BE CONSIDERED SYSTEMATICALLY IMPORTANT PRICES AND I QUOTE, WIDELY USED FUELS, FOOD STUFFS, SOME OTHER RAW MATERIALS, AND WAGES OR SALARY INDICES AMONG OTHERS.
SO SHE’S OPENLY ADVOCATING THAT THE FEDERAL GOVERNMENT SETS WAGES AND PRICES THROUGHOUT THE ECONOMY.
DOES THIS NOT — IS THIS ANYTHING LIKE A FREE ENTERPRISE ECONOMY? IT’S UNBELIEVABLE. IN ADDITION TO THAT, CITING THE DESIRE TO, QUOTE, SIDE STEP DEBILITATING POLITICAL BATTLES OVER THE FEDERAL BUDGET, END QUOTE. LET’S THINK ABOUT THAT TERM. LET’S UNPACK THAT JUST A BIT. DEBILITATING POLITICAL BATTLES OVER THE FEDERAL BUDGET.
THAT SOUNDS TO ME LIKE CONGRESS ARGUING OVER SPENDING.
ARGUABLY THE MOST FUNDAMENTAL RESPONSIBILITY OF CONGRESS.
BUT IN ORDER TO SIDE STEP THAT, THAT FUNDAMENTALLY DEMOCRATIC PROCESS THAT FOLLOWS OUR CONSTITUTION, IN A 2020 WHITE PAPER, OMAROVA PROPOSED CREATING A NATIONAL INVESTMENT AUTHORITY TO CHANNEL BOTH PUBLIC AND PRIVATE CAPITAL TO FURTHER POLICIES THAT WOULD BE SET BY AN UNELECTED, UNACCOUNTABLE BOARD.
SO THE AMERICAN PEOPLE DON’T GET TO DECIDE HOW THEIR TAX DOLLARS GET ALLOCATED BY HOLDING MEMBERS OF CONGRESS ACCOUNTABLE THROUGH ELECTIONS. INSTEAD THERE WOULD BE SOME BOARD THAT WOULD MAKE ALL THESE DECISIONS FOR US.
THAT’S NOT THE ONLY UNACCOUNTABLE BODY SHE’S PROPOSED TO EXERT CONTROL OVER THE PRIVATE SECTOR. IN A 2012 PAPER, MS. OMAROVA ALSO PROPOSED CREATING A PUBLIC INTEREST COUNCIL. A PUBLIC INTEREST COUNCIL. AND THEIR PURPOSE WOULD BE TO USE PRESSURE AND PROPAGANDA TACTICS TO MANIPULATE PUBLIC OPINION AGAINST BANKS AND REGULATORS AND TO, QUOTE, GENERATE MASS POLITICAL SUPPORT FOR THE ACTIONS IT CONSIDERS NECESSARY, END QUOTE. AND, QUOTE, BUILD ITS INDEPENDENT POWER BASE. I’M ALMOST SPEECHLESS. IT’S ABSOLUTELY —
SO YOU CAN ASK YOURSELF, WHERE WOULD A PERSON EVEN COME UP WITH THESE IDEAS? HOW DOES IT EVEN HAPPEN THAT IT OCCURS TO SOMEONE TO THINK UP THESE THINGS?
WELL, MAYBE A CONTRIBUTING FACTOR COULD BE IF A PERSON GREW UP IN THE FORMER SOVIET UNION AND WENT TO MOSCOW STATE UNIVERSITY AND ATTENDED THERE ON VLADIMIR LENNON ACADEMIC SCHOLARSHIP.
LET ME BE VERY CLEAR ABOUT SOMETHING. THERE ARE LOTS OF WONDERFUL AMERICAN CITIZENS WHO WERE BORN AND RAISED BEHIND THE IRON CURTAIN. I TOTALLY GET THAT, INCLUDING IN THE FORMER SOVIET UNION, WHO HAVE COME TO THIS COUNTRY AND THEY LOVE AMERICA AS MUCH AS ANYONE I’VE EVER MET. I KNOW SOME OF THEM PERSONALLY. SO I’M NOT SUGGESTING IN ANY WAY THAT GROWING UP BEHIND THE IRON CURTAIN AND ATTENDING UNIVERSITY IN MOSCOW IS IN ANY WAY DISQUALIFYING.
BUT THE ATTITUDE A PERSON HAS ABOUT THE SOVIET REGIME, NOW THAT’S ANOTHER MATTER.
SO IN THE CASE OF MS. OMAROVA, IN 2019 SHE TWEETED, AND I QUOTE, SAY WHAT YOU WILL ABOUT THE OLD USSR. THERE’S NO GENDER PAY GAP THERE. MARKETS DON’T ALWAYS KNOW BEST, END QUOTE.
SAY WOULD YOU WILL ABOUT THE OLD USSR. REALLY? THERE’S A LOT TO SAY. I’LL HAVE A LOT TO SAY ON ANOTHER OCCASION ABOUT THE OLD USSR. SHE FOLLOWED UP WITH A TWEET. SHE DECIDED TO CLARIFY THAT. HERE’S THE TWEET SHE ISSUED AFTERWARDS. SHE SAID, AND I QUOTE, I NEVER CLAIMED WOMEN AND MEN WERE TREATED ABSOLUTELY EQUALLY IN EVERY FACET OF SOVIET LIFE, BUT PEOPLE’S SALARIES WERE SET BY THE STATE IN A GENDER-BLIND MANNER AND ALL WOMEN GOT VERY GENEROUS MATERNITY BENEFITS OF THOSE THINGS ARE STILL A PIPE DREAM IN OUR SOCIETY. CAN YOU IMAGINE?
MS. OMAROVA CLEARLY KNOWS HER VIEWS ARE FAR OUTSIDE OF THE MAINSTREAM. HOW DO WE KNOW? WELL, WHY ELSE WOULD HER MOST RECENT RESUME HAVE BEEN SCRUBBED OF ONE PARTICULAR ITEM THAT WAS ON HER RESUME AS RECENTLY AS 2017.
THAT ITEM IS THE THESIS THAT SHE WROTE WHEN SHE WAS A STUDENT IN MOSCOW ON HER VLADIMIR LENIN ACADEMIC SCHOLARSHIP. THE TITLE OF THE THESIS WAS AND I QUOTE, KARL MARXIST ECONOMIC ANALYSIS AND THE THEORY OF REVOLUTION IN THE CAPITAL. END QUOTE.
UNFORTUNATELY, THAT’S ALL I KNOW ABOUT THIS THESIS. THIS MORNING I RELEASED A LETTER THAT I SENT TO MS. OMAROVA REQUESTING SHE PROVIDE A COPY OF THIS PAPER IN THE ORIGINAL RUSSIAN TO THE COMMITTEE IN TIME FOR US TO TRANSLATE IT SO THAT WE CAN FULLY CONSIDER HER NOMINATION. LIKE MOST COMMITTEES, THE BANKING COMMITTEE REQUIRES NOMINEES PROVIDE COPIES OF ANY ARTICLES OR PAPERS THEY’VE WRITTEN AND THAT IS VERY IMPORTANT TOOL THAT WE USE TO EVALUATE A PERSON’S THOUGHTS AND FITNESS AND TEMPERAMENT AND JUDGMENT AND WHERE THEY’RE COMING FROM. I’M LOOKING FORWARD TO RECEIVING THAT PAPER FROM HER.
I WILL CONCLUDE WITH THIS, MR. PRESIDENT. IN A COUNTRY AS BIG AS OURS WHERE WE HAVE 330-SOME MILLION PEOPLE, I HAVE NO DOUBT THAT THERE ARE SOME INDIVIDUALS THAT WE CAN FIND HERE AND THERE WHO WOULD THINK OF THE SOVIET UNION THAT BRUTAL, OPPRESSIVE, TOTALITARIAN FREEDOM-SUPPRESSING SOUL-SUCKING MURDEROUS REGIME THAT WAS THE SOVIET UNION, THERE MUST BE SOME PEOPLE SOMEWHERE IN AMERICA WHO SOMEHOW WOULD COMPARE IT FAVORABLY TO THE UNITED STATES AS SHOCKING AS THAT IS.
WHAT HAS NEVER OCCURRED TO ME IS THAT A PERSON WHO THINKS THAT WAY COULD POSSIBLY BE CONSIDERED TO AN IMPORTANT, POWERFUL, AND PROMINENT POSITION IN THE FEDERAL GOVERNMENT. I YIELD THE FLOOR.” This text was compiled from uncorrected Closed Captioning
https://www.c-span.org/video/?515186-1/us-senate-hold-procedural-vote-debt-limit (Please note that we made a couple of small corrections – such as the totally unclear name of Saule Omarova. While we listened to the original, we didn’t have the time to listen again and compare the text.)
This article makes it clear that she was a member of the Communist Party Youth in the USSR: “A copy of the register from Omarova’s school says she was a member of the Komsomol, or ‘Young Communists’ in the USSR”. She also is alleged to have tricked and fleeced a friend out of $50, which was a lot of money for a student at that time, and even more in the USSR. See: “EXCLUSIVE: How Biden’s Soviet-born currency comptroller pick Saule Omarova was ‘born in a YURT’ and went on to become leader in the Young Communists: Friend claims she STILL owes her money for giving up her university dorm room
* Saule Omarova is President Joe Biden’s Soviet-born pick to be Comptroller of the Currency
* She was born in a yurt in Kazakhstan, grew up on a street named after Lenin and was a Komsomol member
* Omarova studied ‘scientific communism’ for her first degree at Moscow State University, a subject dedicated to perfecting the revolution of Marxist-Leninism
* The Cornell Law professor came to the U.S. in 1991 for a month, but stayed after the Soviet Union’s collapse
* Republican Senator Pat Toomey has asked her to send over her thesis: ‘Karl Marx’s Economic Analysis and the Theory of Revolution in The Capital’ before her nomination
* ‘She clearly has an aversion to anything like free market capitalism,’ Toomey said
* A former friend says the passionate communist who made her way in capitalist America owes her around $50 “
By WILL STEWART IN MOSCOW and MORGAN PHILLIPS FOR DAILYMAIL.COM PUBLISHED: 22:18 BST, 7 October 2021 | UPDATED: 22:52 BST, 7 October 2021
Saule Omarova is also a Senior Berggruen Fellow, which connects her to China and apparently to the Great Reset: https://archive.vn/SE7lH
A news release, called “Holding High the Banner of Party Media and Fulfilling Its Duties and Missions” on the Cyberspace Administration of China (CAC) website, was discovered by the National Pulse (1 April 21). The news release explains that they have cooperated with think tank institutions such as the Berggruen Institute in the United States, the Canadian Center for Global Governance and Innovation Research, and the Australian think tank Roy Institute for International Policy, and thereby have attracted almost 200 special commentators from overseas on China Daily. In one year they published more than 300 of their signed review articles, allowing these “influential people” to influence a larger overseas audiences and interpret Chinese stories. See the news release here: https://archive.is/tnWKl “REVEALED: China’s State Propaganda Group Boasts Control Over Western Think Tanks, ‘Election Integrity’ Groups, And Even Joe Biden’s National Security Team”. APRIL 1, 2021 RAHEEM KASSAM AND NATALIE WINTERS https://thenationalpulse.com/exclusive/exc-china-state-propaganda-boasts-control-over-think-tanks/
Kamala Harris’ former lover, Willie Brown, is part of the Berggruen Institute Network: https://archive.is/LXcAW Not only did Willie Brown (also close to the Gettys) introduce her to everyone, who is anyone, in San Francisco-California, he put her on a couple of state boards that paid over $400,000 (well over $600,000 in 2020 dollars) over the course of five years along with her prosecutors salary. He also gave her a BMW. She met political operative John Burton through Willie, as well as other well-to-do, well-connected, people.
What is the Berggruen Institute? It was founded by German-Jewish/ Italo-Albanian, Nicolas Berggruen, born 1961. Berggruen attended high-school at the most expensive school in the world, Le Rosey in Switzerland. “He became interested in Marxism and by 15 had written a constitution for a utopian country. Berggruen refused to learn English at the time because he thought it was, “the language of imperialism.”…”. https://archive.is/Ht9jK Apparently they didn’t teach him about French, German, Italian imperialism (etc.). He may have been propagandized by relatives or visits to Communist Albania. He is “a billionaire investor (net fortune $2.3 billion) and sponsor of many think tanks and projects to promote elite ideas. His foundations are lavishly paying top politicians in both Europe and the US to be members. A dual American and German citizen, he is the founder and president of Berggruen Holdings, a private investment company and the Berggruen Institute, a think tank that works on addressing governance issues as well as the “cultures and philosophies behind political systems”. He also finances the Think Long Committee for California and the Council for the Future of Europe. Through the Berggruen Institute he is also a co-founder, with the Washington Post, of The WorldPost, a media publication dedicated to global issues… The press has referred to Berggruen as “the homeless billionaire”, because he decided to get rid of his material possessions and live out of five-star hotels, rather than owning any homes. He is interested in transhumanism.” https://wikispooks.com/wiki/Nicolas_Berggruen
Remember the Great Reset theme: You will own nothing and be happy. Berggruen must be behind that. Except we all won’t be living in five-star hotels, and many probably don’t want to live in any hotel.
Berggruen is a member of the Council on Foreign Relations. He and the Berggruen Institute are very connected to the World Economic Forum: http://web.archive.org/web/20210218180856/https://www.weforum.org/people/nicolas-berggruen/
Of possible relevance: https://en.wikipedia.org/wiki/Chinese_people_in_Kazakhstan