A short summary from Wall Street On Parade, 10/26. Biden’s Nominee Omarova. And her 71 page paper from Cornell Law School, The People’s Ledger: How to Democratize Money and Finance the Economy, Enjoy. Biden’s Nominee Omarova Has a Published Plan to Move All Bank Deposits to the Fed and Let the New York Fed Short Stocks
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Most interesting. Thanks for the links.
It’s a shame that my circle only includes roughly half a dozen individuals who I can share this with due to a) lack of interest and/or b) an inability to grasp the 1st, 2nd, 3rd, etc. order effects of such a proposal.
Central banks “going direct” and taking over all bank accounts? Nothing scary about that…
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Catherine, like Joseph, can be so early to the party that their speculations sound wild and half cocked. I’ve learned to just sit back and wait and watch in astonishment.
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