from Brent Smith for World Net Daily:
Recently, the leftist site Vox posted an article of 10 executive actions a President Biden (almost choked on that) can do without congressional approval.
All were lame – energy, Green New Deal stuff, etc. – but one stood out because it has so far gone relatively unnoticed by the right, yet would be a disaster in the making.
It’s the creation of a U.S. Postal Service national bank. Yes, the leftist geniuses on the Biden transition team want the Postal Service, which is $160 billion in debt and lost a staggering $2.2 billion just last quarter, to create a national banking system.
The idea is also being pushed for by both the public sector American Postal Workers Union and the Biden-Sanders unity task force. If you knew no more than just this, you’d conclude, like me, that nothing good for America could ever come from a demand by a public sector union or anything involving Bernie Sanders.
“The idea is to provide free, or at least extremely low-cost, banking services to people currently outside the mainstream banking sector.”
That’s terrific – free banking services, like free college and free health care. Everything is free, and no one ever has to pay. Now let’s all mount our winged unicorns and follow the rainbow to that secret pot of gold for some free money, too!
And of course, this being the federal government, it won’t just provide checking and saving accounts to “millions of Americans [who] are un- or underbanked.” We know that the purpose of government is no longer to secure the rights of its citizens, but to grow, like a Kraken.
Piddling little banking services for the underprivileged is only the beginning, just as Obamacare was always to be a transition to full government-run health care, laying waste to the private sector.
This new Postal Service bank will “progress” beyond this and venture into direct lending – mortgage, corporate, etc.