Biden’s Communist Treasury Nominee Says The Federal Reserve Should Control All U.S. Bank Accounts

"There would be no more private bank deposit accounts and all of the deposit accounts will be held directly at the Fed," she says.

Image Credits: AK2 / Getty.

Joe Biden’s comptroller of the currency nominee Saule Omarova called for the private Federal Reserve bank to take over virtually all U.S. bank accounts.

“Imagine what it would be like instead of just a public option for deposit banking, this would be actually the full transition. In other words, there would be no more private bank deposit accounts and all of the deposit accounts will be held directly at the fed,” Omarova said during recent remarks. “How is it politically feasible for the central bank to take money away from people’s accounts.”

This comes after Omarova admitted that the left’s goal is to bankrupt the oil, gas, and coal industries to “tackle climate change.”

This also comes after Treasury Secretary Janet Yellen pushed for Congress to include a provision in Biden’s multi-trillion dollar “infrastructure” bills that would allow the IRS to monitor bank transactions of Americans with over $600 in their bank accounts.

If confirmed by the Senate, Omarova would head the Office of the Comptroller of the Currency at the Treasury Department, which “charters, regulates, and supervises all national banks, federal savings associations, and federal branches and agencies of foreign banks.”


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