Inflation Roars – All part of the Biden Plan

There should be little doubt that the spiraling inflation we have is no less a product that was designed by this regime. Turn off the spigot of the source of energy with increasing demand will insure inflation. Even add to this, talk about shutting off another pipeline? Now why would that be? The setup for more government intervention. Anyone want to go back to the Nixon era of price controls?

The Nixon shock was a series of economic measures undertaken by United States President Richard Nixon in 1971, in response to increasing inflation, the most significant of which were wage and price freezes, surcharges on imports, and the unilateral cancellation of the direct international convertibility of the United States dollar to gold.[1]

If anyone thinks that this is not a contrived effort by the Biden regime I cannot encourage you enough than to watch the tape of Senator Toomey at the end of this post of Biden’s nomination of Cornell law professor Saule Omarova.   She is the Marxist pick to head the Office of the Comptroller of the Currency, a branch of the Treasury Department. That she should have even been considered for this position is the great reveal of what they have in store for us. 

But let me not get ahead of myself. Let’s set this up:

President Joe Biden’s Commerce Secretary Gina Raimondo said in regards to surging gas prices that President Joe Biden should “keep doing what he’s doing,” during a segment on CNN’s “New Day” with John Berman and Brianna Keilar on 11/10/2021.

“Keep doing what he’s doing.” I doubt she even knows what he’s actually doing.

If we still doubt any suspicions that Biden is out to destroy America, this one should do it.

Biden bank regulator nominee reveals her plan to radically transform US economy

 

Biden’s nomination of Cornell law professor Saule Omarova to head the Office of the Comptroller of the Currency, a branch of the Treasury Department. 

Omarova is a controversial choice. Born in the former Soviet Republic of Kazakhstan, Omarova was educated in the Soviet Union, graduating from Moscow State University in 1989, and as recently as 2019 openly praised various Soviet policies. 

….

Although no one knows exactly what she wrote in the thesis, its title, “Karl Marx’s Economic Analysis and the Theory of Revolution in The Capital,” coupled with her refusal to hand the paper over to members of the Senate Banking Committee, has led many to believe Omarova’s views on Marx are out of step with Americans’ largely pro-market sentiments.

Even more pertinent, Omarova has called for moving most of the consumer banking industry out of private institutions and into the hands of the Federal Reserve

According to past statements, Omarova’s vision for transforming the U.S. economy involves significant centralization of investment and banking, putting a new public institution in charge, directly or indirectly, of virtually all economic activity. In an extensive interview with MSNBC host Chris Hayes in 2020, Omarova outlined some of her most expansive propositions.

The idea that Omarova could soon oversee one of the United States’s most important financial regulatory agencies is shocking. But even if Omarova is rejected by the Senate – a very real possibility considering that some Senate Democrats have expressed serious concerns about her nomination – that the White House would even consider her to head a key regulatory agency reveals that the Biden administration is interested in fundamental transformations of the U.S. economy, not moderate policies that would unite the country.

If Omarova’s ideas are put into place, a politicized board central planners would effectively be empowered to lord over American society and eliminate many of the liberties inherent in our free-market economic system.

 

More at The Hill

 

Senator Toomey lays out the nightmare scenario of what Ms Omarova has in store for us.

 

 

Bonus:

For more on our Secretary of Commerce Gina Raimondo, our stalwart Mustang wrote a previous post The Quest for Mediocrity (Or, keeping our standards low so that we can always attain them)

The very best of the swamp.

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