Biden’s comptroller nominee wants to bankrupt U.S. oil and gas industry

Biden Saule Omarova Comptroller communism free market oil gas

Saule Omarova: Biden’s nominee for Comptroller of the Currency wants to bankrupt U.S. oil and gas industry

Saule Omarova, a woman who openly hates the free market but loves communism, is Joe Biden’s nominee for Comptroller of the Currency, and if confirmed, she plans to initiate policies designed to bankrupt the U.S. oil and gas industry in order to advance the far-left’s climate change agenda.

Last month, I wrote about Omarova’s deep love for communism and her desire to eliminate the free market banks she would be responsible for regulating if confirmed.

A graduate of Moscow State University on the Lenin Personal Academic Scholarship, Omarova believes that the Soviet economic system is superior to the American free market. In 2019, she tweeted:

“Until I came to the US, I couldn’t imagine that things like gender pay gap still existed in today’s world. Say what you will about old USSR, there was no gender pay gap there. Market doesn’t always ‘know best.’

Omarova believes that asset prices, pay scales, capital and credit should be dictated by the federal government.

In a recent paper “The People’s Ledger,” she proposed having the Federal Reserve take over consumer bank deposits to “effectively ‘end banking’ as we know it,” in order to create “the ultimate public platform for generating, modulating, and allocating financial resources in a modern economy.”

Omarova would place this new centralized banking system under an unaccountable bureaucracy and intelligentsia.

Omarova’s anti-free market belief system also calls for the creation of a “National Investment Authority” to finance a “big and bold” climate agenda — an agenda willing to see the U.S. oil and gas industry go bankrupt in order to destroy it (via New York Post):

President Biden’s controversial, Soviet-born pick to lead a key branch of the Treasury Department admitted in a newly unearthed video that she “wants” traditional fuel industries “to go bankrupt.”

Saule Omarova, Biden’s pick to be the comptroller of the currency, was filmed calling coal, oil and gas “troubled industries” in which “a lot of the small players … are going to probably go bankrupt.”

At least, we want them to go bankrupt if we want to tackle climate change, right?” she said in the now-viral clip.

The Cornell University law professor made the remarks in February during a “Social Wealth Seminar” event hosted by the Jain Family Institute, a nonprofit research organization, Fox News said. (emphasis mine)

To ensure that Biden and Omarova couldn’t play the “taken out of context” game, the American Accountability Foundation posted a second clip on their Twitter account where Omarova clearly states that “the way we basically get rid of those carbon financiers is we starve them of their sources of capital.”

Much like her desire to eliminate free market banks, Omarova wants to use her position as Comptroller to eliminate free market oil and gas production and place the industry under the tyrannical thumb of Washington. If confirmed, she would reverse U.S. dominance in the oil and gas industry, thus making America more dependent on foreign sources for energy while weakening national security in the process.

Another troubling aspect of Saule Omarova’s communism-loving agenda is her desire to create a central bank digital currency to be controlled by her newly-created centralized bank.

Based on recent revelations about a plan by the Bank of Canada to create a digital currency accessible to people with or without a bank account, a digital currency would strengthen government’s control over our ability to buy and sell by eliminating the use of cash; creating a fully cashless society.

For example, if the Big Brother duopoly merged digital currency with other government-controlled services — vaccine passports, digital IDs, and other programs growing in popularity in response to COVID — all of the pieces would be in place to create a social credit system like the one already in use in Communist China to control citizens.

In China, data on the political, financial, religious (and many other areas) of citizens is collected via an elaborate tracking system, and then fed into a central database to create a “social credit score” to be used to reward or punish citizens. Those with a high score are able to participate freely in society while those with a low score are prohibited from traveling, borrowing money, keeping a job, or even getting their children into school.

Saule Omarova is a perfect fit for the Biden administration and his overall agenda of giving government complete control over our ability to buy and sell, which is why the administration continues to defend her “historic” nomination.

For example, under Biden’s financial surveillance plan that I refer to as the Patriot Act for the IRS, Treasury Secretary Janet Yellen — the person Saule Omarova will report to if confirmed — has joined Elizabeth Warren and other anti-free-market lovers of communism to push his vast, intrusive financial surveillance system in the name of closing the “tax gap.”

The selection Saule Omarova as Biden’s nominee for Comptroller of the Currency is good news for lovers of communism, but bad news for the free market. If confirmed, she will serve as the latest example of the lengths politicians in both parties are willing to go with their goal of destroying liberty for the benefit of the state and its agenda . . . Constitution be damned!

To quote a WSJ op-ed condemning her nomination: “Omarova is the wrong nominee for the wrong industry in the wrong country in the wrong century.”

Now, more than ever, we need to fight and take back the liberty we’ve lost so that America can return to the principles of our founding: limited government, fiscal, social, and constitutional conservatism, family values, traditional marriage, and Judeo-Christian values.


David Leach is the owner of the Strident Conservative. He holds people of every political stripe accountable for their failure to uphold conservative values, and he promotes those values instead of political parties.

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