There is a history of debt cycles, currency destruction, and speculation mania. Today speculation wealth has created an “everything bubble” that is directly attributed to unsustainable central bank liquidity. According to its definition, a central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a state or […]
Tag Archives: Saule Omarova
Last week President Biden nominated Saule Omarova to the position of Comptroller of the Currency. Saule Omarova is a Marxist and quite the anti-capitalist. Her academic writings included a proposal for the Federal Reserve to take over banking functions for citizens and she wrote a thesis at law school about the Marxist economic system.