Biden’s Bank Controller Nominee is a Communist

Primer: This site published an item on Saule Omarova last month, Biden’s Nominee for the Treasury Dept is Member of a Facebook Marxist Group

A big question would be just how she could pass and gain security clearance?

One has to ask where do these people come from such that Biden staff personnel know about them in the first place and then nominate that for a cabinet position, which apparently Biden himself approves….

In part consider these additional items:

2020 article written by Omarova that suggests the need for a government-controlled “people’s ledger” that would “end banking as we know it” has caused further friction over her nomination, with some reports suggesting that moderate Democrats may oppose her appointment.

A Republican senator has called on Omarova to hand over her university thesis from her time at Moscow State University, which was titled Karl Marx’s Economic Analysis And The Theory Of Revolution In Das KapitalIn the Soviet Union, it was nearly impossible for ambitious academics to avoid extolling the “virtues” of socialism and Marxist theory. More here. 

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SAULE OMAROVA’S ACADEMIC WORK

Among Omarova’s publications, “The People’s Ledger: How to Democratize Money and Finance the Economy,” written for Vanderbilt Law Review, is of particular interest. Here, she argues all bank accounts should be in – what she terms – “FedAccounts” to be monitored by the Federal Reserve. [source]

From past tweets of hers, we know that she has praised the Soviet Union, with her most popular tweet stating, “Say what you will about old USSR, there was no gender pay gap there. Market doesn’t always ‘know best.’”[source]

Since her nomination to the position within the OCC as the Comptroller of the Currency (an office I don’t believe is helpful in the first place), Senator Pat Toomey asked her to turn over her thesis on Marxism to the Senate. She refused. Moscow University representatives stated the thesis was destroyed, and no copies of Omarova’s work existed within the university. source

***Towards The Mandatory Approval Of Complex Financial ... She authored this item in Social Europe, it is terrifying.

Perhaps the Biden mission to destroy the American oil and gas industry is coming from her.

She wants to regulate the banking system said earlier this year that she wants to “starve” companies of money to invest in the oil and gas industry in order to fight climate change, comments that could further complicate her chances of Senate confirmation. Additionally, she has proposed establishing a National Investment Authority to divert investments away from the oil and gas industry and into “clean and green” infrastructure projects. Speaking at a virtual forum in May, Omarova said “the way we basically get rid of those carbon financiers is we starve them of their sources of capital.”Omarova, a professor at Cornell Law School, says her proposed National Investment Authority would serve as the “fighting muscle” of the progressive-backed Green New Deal. Under Omarova’s proposal, the National Investment Authority would create investment funds and issue bonds in order to lure investors to fund clean energy projects, sapping oil and gas projects of their funding. The agency, which Omarova modeled after the New Deal-era Reconstruction Finance Corporation, would work closely with the Federal Reserve and Treasury Department, which oversees the Office of the Comptroller of the Currency. More here. 

China versus Taiwan and the United States, Just the Facts

A hacking group has compromised at least nine global organizations in the fields of technology, defense, energy and other key sectors as part of an apparent espionage campaign. Attribution is still ongoing, specific tools and methods used in the apparent hacking efforts are in line with those used by Chinese cyber-espionage group Emissary Panda, also known as TG-3390, APT 27 and Bronze Union.

While China has indeed surpassed the United States in the size of their Navy, the other concern is the build up of Chinese nuclear weapons.  Meanwhile, the United States has deployed at least 30 U.S.military forces to Taiwan for training.For years, U.S.-Taiwan military exchanges have been thought of as an open secret—also known by the People’s Republic of China (PRC) leadership in Beijing. However, Tsai became the first Taiwanese leader in decades to publicly acknowledge the existence of a training program.

The United States has deployed the Iron Dome missile-defense system for testing in Guam by U.S. military planners concerned about possible Chinese attacks.Chinese President Jinping awarded additional 'War Powers ...

WAR GAMES:

The Chinese military – the People’s Liberation Army – is waging so-called gray-zone warfare against Taiwan. This consists of an almost daily campaign of intimidating military exercises, patrols and surveillance that falls just short of armed conflict. Since that report, the campaign has intensified, with Beijing stepping up the number of warplanes it is sending into the airspace around Taiwan. China has also used sand dredgers to swarm Taiwan’s outlying islands.

Military strategists tell Reuters that the gray-zone strategy has the potential to grind down Taipei’s resistance – but also that it may fall short, or even backfire by strengthening the island’s resolve. They are also envisioning starker futures. While they can’t predict the future, military planners in China, Taiwan, the United States, Japan and Australia are nonetheless actively gaming out scenarios for how Beijing might try to seize the prized island, and how Taiwan and America, along with its allies, might move to stop it.Xi’s options include seizing Taiwan’s outlying islands, blockades or all-out invasion. Some Taiwanese military experts say Beijing’s next step might be to seize the lightly defended and remote Pratas Islands in the north of the South China Sea.  Any of these moves could spin out of control into war between China and America over Taiwan.

Reuters has published a comprehensive report and possible scenarios.

The Chinese military has built targets in the shape of an American aircraft carrier and other U.S. warships in the Taklamakan desert as part of a new target range complex, according to photos provided to USNI News by satellite imagery company Maxar.

The full-scale outline of a U.S. carrier and at least two Arleigh Burke-class destroyers are part of the target range that has been built in the Ruoqiang region in central China. The site is near a former target range China used to test early versions of its so-called carrier killer DF-21D anti-ship ballistic missiles, according to press reports in 2013.

This new range shows that China continues to focus on anti-carrier capabilities, with an emphasis on U.S. Navy warships. Unlike the Iranian Navy’s aircraft carrier-shaped target in the Persian Gulf, the new facility shows signs of a sophisticated instrumented target range.

A target in the shape of a U.S. Destroyer in the Taklamakan Desert in Central China. H I Sutton Illustration for USNI News Satellite image ©2021 Maxar Technologies Used with Permission

The carrier target itself appears to be a flat surface without the carrier’s island, aircraft lifts, weapons sponsons or other details, the imagery from Maxar shows. On radar, the outline of the carrier stands out from the surrounding desert – not unlike a target picture, according to imagery provided to USNI News by Capella Space.

There are two more target areas representing an aircraft carrier that do not have the metaling, but are distinguishable as carriers due to their outline. But other warship targets appear to be more elaborate. There are numerous upright poles positioned on them, possibly for instrumentation, according to the imagery. Alternatively these may be used for radar reflectors to simulate the superstructure of the vessel.

The facility also has an extensive rail system. An Oct. 9 image from Maxar showed a 75 meter-long target with extensive instrumentation on a 6 meter-wide rail.

Target range in the Taklamakan desert in Central China. H I Sutton illustration for USNI News

The area has been traditionally used for ballistic missile testing, according to a summary of the Maxar images by geospatial intelligence company AllSource Analysis that identified the site from satellite imagery.

“The mockups of several probable U.S. warships, along with other warships (mounted on rails and mobile), could simulate targets related to seeking/target acquisition testing,” according to the AllSource Analysis summary, which said there are no indications of weapon impact areas in the immediate vicinity of the mockups. “This, and the extensive detail of the mockups, including the placement of multiple sensors on and around the vessel targets, it is probable that this area is intended for multiple uses over time.“

Analysis of historical satellite images shows that the carrier target structure was first built between March and April of 2019. It underwent several rebuilds and was then substantially dismantled in December 2019. The site came back to life in late September of this year and the structure was substantially complete by early October.

Detailed Photos of the mobile target at the Ruoqiang facility. H I Sutton Illustration for USNI News Satellite image ©2021 Maxar Technologies Used with Permission

China has several anti-ship ballistic missile programs overseen by the People’s Liberation Army Rocket Force. The land-based CSS-5 Mod 5 (DF-21D) missile has a range of over 800 nautical miles. It has a maneuverable reentry vehicle (MaRV) to target ships. The larger CSS-18 (DF-26) has a range of around 2,000 nautical miles.

“In July 2019, the PLARF conducted its first-ever confirmed live-fire launch into the South China Sea, firing six DF-21D anti-ship ballistic missiles into the waters north of the Spratly Islands,” according to the Pentagon’s latest annual report on China’s military. The Chinese are also fielding a longer range anti-ship ballistic missile that initially emerged in 2016.

“The multi-role DF-26 is designed to rapidly swap conventional and nuclear warheads and is capable of conducting precision land-attack and anti-ship strikes in the Western Pacific, the Indian Ocean, and the South China Sea from mainland China. In 2020, the PRC fired anti-ship ballistic missiles against a moving target in the South China Sea, but has not acknowledged doing so,” reads the report.

A Nov. 5, 2021 Capella Space synthetic aperture radar image of the target in the shape of a U.S. aircraft carrier in the Taklamakan Desert H I Sutton Illustration for USNI News

In addition to the land-based anti-ship ballistic missiles, China has a program to equip the People’s Liberation Army Navy H-6 bombers with a massive anti-ship ballistic missile. First revealed in 2018, the CH-AS-X-13 will likely be the largest air-launched missile in existence, and would be large enough to accommodate a hypersonic warhead.

Another possible launch platform for anti-ship ballistic missiles is the new Type-055 Renhai Class large destroyer. Described as a guided-missile cruiser, it will be capable of carrying anti-ship ballistic missiles, according to the Pentagon report.

It’s not the first time China has built an aircraft carrier target in the desert. Since 2003, a large concrete pad, roughly the size of a carrier, has been used as a target. The slab, which is part of the Shuangchengzi missile test range, has been hit many times and is frequently repaired. The new site in the Taklamakan desert is 600 miles away and is much more evolved. The newer ship targets are closer approximations of the vessels that they are supposed to represent.

DoD Graphic

While questions remain on the extent of weapons that will be tested at the new facility, the level of sophistication of what can now be seen at the site show the PLA is continuing to invest in deterrents to limit the efficacy of U.S. naval forces close to China – in particular targeting the U.S. carrier fleet.

According to the Pentagon report released last week, a primary objective of the PLARF will be to keep U.S. carriers at risk from anti-ship ballistic missiles throughout the Western Pacific.

Democrat Legislation is Remaking American using MMT

Government Jobs for Everyone….consider this –>

Modern Monetary Theory (MMT) is a heterodox macroeconomic framework that says monetarily sovereign countries like the U.S., U.K., Japan, and Canada, which spend, tax, and borrow in a fiat currency that they fully control, are not operationally constrained by revenues when it comes to federal government spending. MMT was pioneered by American economist and theorist Warren Mosler in 1992, along with Bill Mitchell, a university professor based in Australia and a key developer of the theory.

Modern Monetary Theory & Why Central Banks are lost in the ...

AIER: Modern Monetary Theory (MMT) offers some unconventional policy recommendations based on the United States’ monetary sovereignty. MMT proponents also advocate government guaranteed jobs paying a living wage for all Americans. What would be the consequences of such a guarantee?

The Public Service Employment program detailed in a 2018 paper from the Levy Economics Institute would be funded by Washington and administered by states. It would offer full and part-time jobs paying $15 per hour plus benefits. The program’s spending would be mandatory, like other entitlement programs. The jobs would “provide public services in nonprofit community organizations, public schools, and state and local governments.”

The program could accomplish three distinct ends. The first is stabilizing aggregate demand during economic downturns. The second is instituting work-relief in place of cash assistance. The third is implementing a “living wage” for all Americans.

When the economy slips into recession, businesses lay off some workers and cut others’ wages. Reductions in these workers’ spending produce second-round (and third-round) effects: landlords, for example, cut back their spending after not receiving rent. Many economists support macroeconomic stabilization.

Stabilization works much better when automatic. Discretionary stabilization spending, like 2009’s American Recovery and Reinvestment Act, can take months to enact. Laid off workers can start a guaranteed government job immediately.

Today unemployed workers receive cash assistance. While I do not advocate government make-work jobs, work-relief has two advantages over cash assistance. First, work requirements effectively control fraud, as revealed by the 1990s welfare reforms. People working while on the welfare rolls never showed up for mandatory job training.

Work-relief also denies recipients the leisure of staying home. People will compare the full value of their options. Suppose a person values the freedom of not working at $30,000 a year. If they also receive $10,000, only a $20 per hour job matches the full value of the cash assistance.

The MMT jobs program also implements a living wage providing a “just” level of compensation. Economics shows how workers in a competitive labor market get paid the value they create for businesses. The “problem” of low wages is then inadequate job skills.

The living wage is redistribution disguised as work. Market wages and salaries are not charity; the prices customers willingly pay for goods and services cover workers’ pay. Market-based salaries come entirely from voluntary payment and workers earn their pay by helping produce goods and services.

Guaranteed jobs effectively set a minimum wage because few Americans will work for businesses offering worse compensation packages (wages and benefits). Government jobs would be far more effective in assisting low-wage workers because a minimum wage ends up pricing many out of the labor market altogether.

Government jobs paying $15 an hour plus benefits would likely cost $40,000 per job annually. MMT proponents project 15 million government jobs would be needed even when the economy is strong. MMT can advocate such a budget-busting program because in its view monetary sovereignty renders Federal spending costless under most circumstances.

The biggest potential problem with the jobs guarantee, even at a lower wage, is whether people will have to work. What exactly is a government “guaranteed job?” The term job suggests a person must work satisfactorily or be fired. The guarantee suggests anyone fired must then be given another position.

Government guaranteed no-show jobs would blow up the labor market. If you had a “job” paying $30,000 plus benefits not requiring work, how much would you need to be paid to take a real job? Guaranteed $15 per hour no-show jobs would effectively be a $30 or $40 per hour minimum wage.

The United States is prosperous because we produce goods and services people want in large quantities. Yet production requires real work, not government make-work jobs. By diverting millions out of productive private sector jobs, the MMT jobs guarantee seems guaranteed to impoverish America.

CIA Director in Moscow Did not Stop 90,000 Russian Troops at Ukraine Border

Senator Marco Rubio appears to be the only person really concerned about a Russian invasion of Ukraine. While CIA Director Bill Burns took a delegation to Moscow for what is said to be high level meetings, it has proven to be ineffective in altering Russian operations versus Ukraine. Top Russian security chief met with CIA director Burns ...

As usual we have this –>The Ukrainian Defense Ministry sent a release saying that about 90,000 Russian troops are stationed close to the border in areas east of the country controlled by rebel forces. This comes two days after Ukraine denied that Russian military personnel were in the area.

Eastern Ukraine has been a contentious area for years. In 2014, Moscow annexed the Crimean Peninsula shortly after the Ukrainian Revolution. Over 14,000 people have died as a result of the conflict.

Russian officials said the troops were present due to maneuvers. Kremlin spokesman Dmitry Peskov said that “Russia maintains troops presence on its territory wherever it deems necessary.”

The ministry’s statement said specifically that units of the Russian 41st army have remained in Yelnya, about 260 kilometers (about 160 miles) north of the Ukrainian border.

On Tuesday, Ukraine’s Defense Minister Andriy Taran submitted his resignation and Ukrainian lawmakers quickly approved it Wednesday. Davyd Arakhamia, the head of the parliamentary faction of President Volodymyr Zelenskyy’s Servant of the People party, said Taran had health problems.

Ukrainian media reported however that Zelenskyy’s office was behind the resignation of Taran and four other ministers, who were also dismissed by parliament on Wednesday.

Russia has cast its weight behind a separatist insurgency in Ukraine’s east that erupted shortly after Moscow’s 2014 annexation of Ukraine’s Crimean Peninsula.

A massive buildup of Russian troops in Russia’s west have been fueling fears of an escalation of large-scale hostilities.

Russian officials said that the troops were deployed as part of measures to counter security threats posed by the deployment of NATO forces near Russian borders. Russia and the alliance also have blamed each other for conducting destabilizing military exercises near the borders.

****CIA director makes rare trip to Moscow for talks on Russia ...

The CIA and the delegation came back empty handed it seems.

THE DIRECTOR OF THE United States Central Intelligence Agency has returned to Washington from a surprise visit to Russia, where he led a high-level team of American officials in meetings with their Russian counterparts. The two-day visit was announced almost simultaneously by both the American and Russian governments, following the arrival of the CIA director, William Burns, to Moscow on Tuesday.

Little information has emerged about the participants in the meetings. A statement from the American embassy in Moscow said simply that Burns had traveled there at the request of President Joe Biden, and that other United States officials had traveled with him. It is believed that Karen Donfried, the State Department’s assistant secretary for European and Eurasian Affairs, traveled with Burns. According to the American embassy, the meetings were held on Tuesday and Wednesday and concerned “a range of issues in the bilateral relationship between the United States and Russia.

A minute-long video, which was posted on social media by the Russian TASS news agency on Tuesday, showed a group of five American officials meeting with five Russian officials. The latter appeared to include Nikolai Patrushev, a close political ally of Russian President Vladimir Putin, who heads the Security Council of Russia —a body that is roughly equivalent to the United States National Security Council. Prior to his current role, Patrushev served as director of the Russian Federal Security Service (FSB).

It is worth noting that Burns speaks Russian and served twice as a diplomat in Russia, most recently as the American ambassador there. Some observers noted that Burns’ trip to Moscow is part of a broader pattern of increasingly frequent meetings between American and Russian officials in recent months. The last four months have seen at least four visits to Russia by senior officials in the Biden administration.