Biden to Tap Crypto, Big-Bank Critic to Run Wall Street Watchdog

I think this is very important. Biden plans to nominate Saule Omarova to the position on Comptroller of the Currency. She wants to “end banking as we know it.” She supports moving consumer banking to the Federal Reserve from private institutions. I think this is a part of the overall plan to move to digital currencies and give greater control to the central bank. Among other things, the central bank could then deposit “printed money” directly into consumer bank accounts…but what strings will be attached? This would a major move to centralize control.

Crypto and Big-Bank Critic Saule Omarova Set to Be Nominated to OCC – Bloomberg

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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