Sacking Fuel, Cash

News: Video Reports
by Nadia Hazimeh  •  ChurchMilitant.com  •  November 12, 2021   

Fed-controlled energy, banking?

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TRANSCRIPT

Biden's pick to be the Treasury Department's comptroller of the currency is showing just how much her blood bleeds Marxism. Church Militant's Nadia Hazimeh unveils Saule Omarova's progressive take on the oil, gas and coal industries.

Saule Omarova: "What I'm thinking about is primarily [the] coal industry and oil and gas industry. A lot of the smaller players in that industry are going to probably go bankrupt. In short order, at least we want them to go bankrupt if we want to tackle climate change right."

That was Omarova speaking at a seminar in February. Biden Noms, a project of American Accountability Foundation, shared the video clip online Tuesday.

Omarova grew up a committed communist in the Soviet Union. Documents have revealed she was planning a career as a professor of scientific communism before the fall.

If her nomination as comptroller is solidified, Omarova would regulate all national banks. And her plan is to "end banking as we know it" by moving Americans' finances from private banks to the Federal Reserve. Pulling down the oil industry in the name of climate change is just one step in advancing that plan.

And she's just following the footsteps of current comptroller, Michael Hsu, who recently suggested banks implement "a carbon tax" to "transition to a zero-carbon economy."

These ideas aren't a secret to the Biden administration but are shared by some key movers and shakers. Climate envoy John Kerry predicted at the U.N. climate change conference that the United States "won't have coal" by 2030.

John Kerry, U.S. special presidential envoy for climate: "By 2030, in the United States, we won't have coal. We will not have coal plants."

Biden personally has been advocating to combat climate change from day one — starting by halting construction on the Keystone XL pipeline. At the COP26 summit, Biden told delegates his administration is "working overtime to show that our climate commitment is action, not words."

Further attacks on the oil, coal and gas industry could affect more than 322,000 workers.

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