*BlackRock - The Company that "Owns the World"

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*BlackRock - The Company that "Owns the World"

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Published by Campbell M Gold in Blowing in the Wind · Sunday 27 Oct 2024 ·  16:45
Tags: BlackRockinvestmentglobaleconomicspoliticscorporatesocialcreditscoresESGnetzeroLGBTQ+financialsystemswealthinfluencewokepolitics
BlackRock - The Company that "Owns the World"

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This has just blown in... BlackRock is one of the most influential organisations in the world, and its alarming role in global economics and politics is becoming more apparent...
 
The investment giant is promoting woke politics through corporate social credit scores (ESG), which include the controversial "net zero" initiatives and the "LGBTQ+ agenda." Additionally, BlackRock is accused of manipulating financial systems and controls a significant portion of the world's wealth.
 
To counter this, we need to know what we are dealing with. This post reviews the history, current business practices, and plans of BlackRock, the globalist colossus.
 
BlackRock Founder and History
 
The company was founded in 1988 by investment banker Larry Fink, who currently serves as CEO. It began as an affiliate of Blackstone Inc. Originally named Blackstone Financial Management, the company experienced rapid growth in its first four years, reaching a portfolio value of $17 billion by 1992.
 
As of early 2022, BlackRock Inc. managed approximately $10 trillion in assets, making it the largest asset manager in the world.
 
The company holds significant shares in many of the largest corporations globally, including Amazon, Apple, Microsoft, Google, Tesla, Coca-Cola, Moderna, Johnson & Johnson, Exxon Mobil, Visa, Chevron, JPMorgan Chase, and Walmart.
 
After BlackRock became a reputable business, Larry Fink and Stephen Schwarzman, the CEO of Blackstone, decided to separate BlackRock from Blackstone and establish it as an independent venture.
 
BlackRock went public in 1999 for $14 per share, managing $165 billion in assets then. In the early 2000s, the company expanded its focus to include analytics and risk management. 2004, it acquired the investment management company State Street Research & Management. The following year, 2006, BlackRock merged with the investment management firm Merrill Lynch. Then, in 2007, it acquired the key asset-management unit of the Quellos Group, increasing BlackRock's total assets under management to over $1 trillion.
 
Although BlackRock's financial success was previously impressive, the economic crises of 2007 and 2008 established the firm as a global financial dominator.
 
Journalist Heike Buchter said in 2015: "Before the financial crisis, I was not even familiar with the name. But in the years after the Lehman [Brothers] collapse [in 2008], BlackRock appeared everywhere. Everywhere!"
 
Many banks, including Lehman Brothers, the U.S. Government, and the Federal Reserve, turned to Fink and BlackRock for assistance resolving the complicated financial instruments that contributed to the crisis and managing the 2008 bailouts.
 
These institutions trusted Fink as an expert on the financial instruments that led to the subprime mortgage crisis because he played a significant role in creating the toxic mortgage industry.
 
In the 1980s, while working for the investment bank First Boston, Fink constructed his first Collateralized Mortgage Obligation (CMO) and was instrumental in developing the subprime mortgage market, which failed spectacularly in 2008.
 
"When the dust finally settled on Wall Street after the collapse of Lehman Brothers, there was little doubt who was sitting atop the dust pile: BlackRock," said Corbett.
 
Under Fink's leadership, BlackRock leveraged its financial power and influence to enter national and international politics.
 
Author and economic journalist F. William Engdahl articulated this perspective: "BlackRock founder and CEO Larry Fink is interested in buying global influence. He made former German CDU MP Friederich Merz head of BlackRock Germany when it looked as if he might succeed Chancellor Merkel, and former British Chancellor of Exchequer George Osborne as 'political consultant.' Fink named former Hillary Clinton Chief of Staff Cheryl Mills to the BlackRock board when it seemed certain Hillary would soon be in the White House.
 
"He has named former central bankers to his board and gone on to secure lucrative contracts with their former institutions. Stanley Fisher, former head of the Bank of Israel and also later Vice Chairman of the Federal Reserve, is now Senior Adviser at BlackRock. Philipp Hildebrand, former Swiss National Bank president, is vice chairman at BlackRock, where he oversees the BlackRock Investment Institute. Jean Boivin, the former deputy governor of the Bank of Canada, is the global head of research at BlackRock's investment institute."
 
You can see the intertwined relationship between BlackRock and the highest levels of politics and business, highlighting the immense global influence that Fink's investment firm wields.
 
The corporation has become so powerful that Professor William Birdthistle called it the "fourth branch of government."
 
BlackRock in Collusion with the Biden Administration
 
In 2019, when Joe Biden contemplated running for President against Donald Trump, he met with Fink to ask for BlackRock's support. The CEO reportedly told Biden, "I'm here to help."
 
Biden, seemingly quick to compensate BlackRock for its help, appointed Brian Deese as the National Economic Council's director soon after becoming President. Before that, Deese was BlackRock's Head of Sustainable Investing from 2017 until 2020. He also held several key positions in the Obama administration, including senior adviser to the president.
 
Adewale Adeyemo is the Deputy Treasury Secretary, another former BlackRock employee now serving in the Biden administration. He worked as a senior adviser to Fink from 2017 to 2019. Adeyemo, born in Nigeria, also has strong connections to former President Barack Obama; in 2019, he was selected to be the first president of the Obama Foundation.
 
Moreover, Michael Pyle, the former Global Chief Investment Strategist at BlackRock, is now the senior economic adviser to Vice President Kamala Harris. Pyle also served as a senior adviser to the Undersecretary of the Treasury for International Affairs in the Obama administration.
 
BlackRock essentially runs the Biden administration's economic policy.
 
BlackRock's pivotal role in the Great Reset and the COVID ‘pandemic'
 
Corbett argues that the COVID-19 "pandemic" was not primarily about a virus; instead, "it represented an opportunity for global elites, particularly BlackRock and Bill Gates, to reshape the global economy and financial system."
 
On 22 August 2019, Fink officially joined Klaus Schwab's World Economic Forum (WEF) by becoming a member of the WEF's Board of Trustees. On the same day, the annual Jackson Hole Economic Symposium began, where central bankers, economists, and policymakers gathered to discuss economic policy. It was at this event that BlackRock initiated its "financial revolution."
 
One week before the Jackson Hole Economic Symposium, BlackRock released a paper that would shape the discussions at the Wyoming Symposium.
 
"After years of quantitative easing (QE), zero interest rate policy (ZIRP), and even the once-unthinkable negative interest rate policy (NIRP), the bankers were running out of room to operate," Corbett confirmed.
 
Consequently, the financial elites sought a new strategy, and BlackRock offered them the solution: "Going direct."
 
To understand this concept, it is essential to recognise that the monetary system is divided into two primary circuits: 1) retail and 2) wholesale.
 
  1. The retail circuit involves "bank money," which is the money used by individuals and businesses for everyday economic transactions.
  2. The wholesale circuit refers to "reserve money," which consists of deposits that banks maintain at central banks, such as the Federal Reserve (Fed) or the European Central Bank (ECB).
 
BlackRock's "going direct" proposal bypassed the split monetary system by allowing central banks to inject money directly into various private and public entities.
 
"An unprecedented response is needed when monetary policy is exhausted, and fiscal policy alone is not enough," BlackRock's August 2019 paper stated. "That response will likely involve 'going direct': Going direct means the central bank finding ways to get central bank money directly in the hands of public and private sector spenders."
 
In September 2019, months before the so-called "pandemic" began, Federal Reserve money was directly pumped into the retail monetary circuit.
 
Once the federal bailouts began with the first lockdowns in March 2020, the "going direct" system had already been established, and the Fed could directly invest in private and public organisations.

Corbett wrote: "What we were told was a 'pandemic' was, in fact, on the financial level, just an excuse for an absolutely unprecedented pumping of trillions of dollars from the Fed directly into the economy."

In March 2020, similar to the financial crisis in 2007-2008, the Fed turned to BlackRock to manage its bailout programs.
 
This allowed BlackRock to access government funds, essentially taxpayer money, which it then distributed to corporations in which it had investments. Additionally, this enabled BlackRock to bail out one of its most significant assets: iShares, the collection of exchange-traded funds (ETFs) that, as of January 2023, had $2.23 trillion in assets under management.
 
This meant that BlackRock was allowed by the Fed to use taxpayer money to bail out its own assets.
 
Russ and Pam Martens put it in their blog piece: "What could be wrong with no-bid contracts and buying up your products? To make matters even more egregious, the stimulus bill known as the CARES Act set aside $454 billion of taxpayers' money to eat the losses in the bailout programs set up by the Fed. $75 billion has been allocated to eat losses in the corporate bond-buying programs being managed by BlackRock. Since BlackRock is allowed to buy up its own ETFs, this means that taxpayers will be eating losses that might otherwise accrue to billionaire Larry Fink's company and investors."
 
Alongside the Federal Reserve, the Bank of Canada and the Swedish central bank also sought assistance from BlackRock to manage their corporate bond purchasing programs.
 
With its 2020 "going direct" coup d'état, "BlackRock had truly conquered the planet," Corbett wrote.
 
"It was now dictating central bank interventions and then acting in every conceivable role and direct violation of conflict-of-interest rules, acting as consultant and advisor, as manager, as buyer, as seller and as investor with both the Fed and the very banks, corporations, pension funds and other entities it was bailing out."
 
BlackRock's all-powerful IT system
 
A substantial portion of the value of all stocks and bonds globally is managed using BlackRock's "central processing system for investment management."
 
BlackRock and other entities use this system, known as Aladdin ("Asset, Liability, Debt, and Derivative Investment Network").
 
BlackRock Solutions, a subsidiary of BlackRock, licenses its Aladdin platform to more than 150 institutions. These include Vanguard, the second-largest asset manager in the world, and another major player—State Street Global Advisors. Additionally, many of the largest insurance companies globally and Big Tech firms like Alphabet (Google), Apple, and Microsoft utilise the system, as do several pension funds.
 
Daily, Aladdin conducts Monte Carlo Simulations - computer algorithms that model the probability of various outcomes in systems with random variables - on all the financial instruments it manages.
 
According to the Financial Times, in 2017, Aladdin managed assets valued at $20 trillion. BlackRock has yet to report a figure since then, which is much higher today.
 
Historically, the IT system was primarily used for calculating risk, while humans made the final decisions. However, in 2017, Fink "threw his lot in with the machines" when BlackRock began utilising an automated computer system called "Monarch" that took over the decision-making process for many of its assets.
 
In summary, BlackRock's Aladdin system manages more than $20 trillion in assets, indicating that a significant portion of the world's wealth relies on the calculations of a single computer system. Additionally, decisions regarding buying and selling stocks are increasingly made by algorithms and artificial intelligence rather than humans.
 
Therefore, whether the algorithms' mistakes are deliberate or not, they could result in a disaster for the world economy.
 
The pressing question now is what BlackRock intends to do with the vast power and influence it has gained.
 
How BlackRock controls the world
 
"Behaviours will have to change, and this is one thing that we are asking companies. You have to force behaviours, and at BlackRock, we are forcing behaviours."
 
This 2017 Larry Fink quote summarises what BlackRock is doing with its power and influence: "Forcing behaviours and shaping society in its image."
 
Fink's annual "letter to CEOs," while officially not a directive, is often viewed as a "call to action" that influences the corporate behaviour of many of the world's largest companies. A peer-reviewed paper concluded, "Our evidence suggests that portfolio firms respond positively to BlackRock's public engagement efforts."
 
Fink has been leveraging his influence in the corporate world to promote the woke Environmental, Social, and Governance (ESG) agenda. Essentially, ESG serves as a "Social Credit System" for corporations, ensuring they comply with harmful "net zero" carbon emission policies and other components of the "globalist agenda."
 
In his 2022 letter to CEOs, Fink wrote: "Sustainable investments have now reached $4 trillion. Actions and ambitions towards decarbonisation have also increased. This is just the beginning – the tectonic shift towards sustainable investing is still accelerating. Whether it is capital being deployed into new ventures focused on energy innovation or capital transferring from traditional indexes into more customised portfolios and products, we will see more money in motion.
 
"Every company and every industry will be transformed by the transition to a net zero world. The question is, will you lead, or will you be led?"
 
He also made it clear that BlackRock demands that corporations follow the "Net Zero" ESG agenda:
 
Stakeholder capitalism focuses on delivering long-term, sustainable returns for shareholders. Transparency regarding your company's plans for achieving a net-zero world is an essential aspect of this commitment.
 
However, it is just one of many disclosures we and other investors expect from companies. As stewards of our clients' capital, we ask businesses to demonstrate how they will fulfil their shareholder responsibilities, including implementing sound environmental, social, and governance practices and policies.
 
A low ESG "social credit" rating will prevent businesses from successfully operating; as journalist Iain Davis explains: "This will be achieved using Stakeholder Capitalism Metrics. Assets will be rated using environmental, social and governance (ESG) benchmarks for sustainable business performance. Any business requiring market finance, perhaps through issuing climate bonds or green bonds for European ventures, will need those bonds to have a healthy ESG rating.
 
"A low ESG rating will deter investors, preventing a project or business venture from getting off the ground. A high ESG rating will see investors rush to put their money in projects that are backed by international agreements."
 
BlackRock is not alone in pushing the net zero agenda. There are currently 301 signatories to "The Net Zero Asset Managers Initiative," which has $59 trillion under management combined.
 
BlackRock also advocates for Central Bank Digital Currency (CBDC), as fully digitizing payments would enable complete control over all monetary exchanges, making it easier to enforce the ESG agenda.
 
In his 2022 letter to shareholders, Fink praised CBDCs' advantages, such as reducing the risks of money laundering and corruption, and lowering the costs of cross-border payments.
 
BlackRock is also known for advocating the LGBTQ+ agenda, mainly by supporting the Corporate Equality Index. This index evaluates companies' commitment to LGBTQ+ inclusive policies and practices. It is published by the Human Rights Campaign, which receives funding from George Soros' Open Society Foundation.
 
Journalist James Corbett paints a bleak picture of the future that BlackRock envisions: "The future of the world according to BlackRock is now coming fully into view. It is a world in which unaccountable computer learning algorithms automatically direct investments of the world's largest institutions into the coffers of those who play ball with the demands of Fink and his fellow travellers. It is a world in which transactions will be increasingly digital, with every transaction being data mined for the financial benefit of the algorithmic overlords at BlackRock. And it is a world in which corporations that refuse to go along with the agenda will be ESG de-ranked into oblivion and individuals who present resistance will have their CBDC wallets shut off."
 
Hope for a better future
 
BlackRock may appear an unstoppable force today, but until recently, most people were unfamiliar with who BlackRock is or what they do.
 
However, this perception is changing right before our eyes.
 
In recent years, there has been increasing pushback against BlackRock and its agenda, with protests occurring at its offices in New York and Paris.
 
Moreover, Consumers' Research launched a campaign against BlackRock last year, criticising the firm for its China connections: "You'd think a company that has made it their mission to enforce ESG (environmental, social and governance) standards on American businesses would apply those same standards to foreign investments, but BlackRock isn't pushing its woke agenda on China or Russia," the executive director of Consumers' Research said. "America's consumers know a liar when they see one, and Consumers' Research isn't going to let them get away with it."
 
Resistance from Republican-governed states has been increasing. Florida Governor Ron DeSantis recently withdrew $2 billion from BlackRock's treasury fund. Additionally, Louisiana and South Carolina have announced plans to pull state funds from BlackRock, while Arkansas has already withdrawn $125 million from accounts managed by the firm.
 
DeSantis is also spearheading a coalition of 19 governors to oppose the corporate agenda related to Environmental, Social, and Governance (ESG) criteria.
 
At the recent Conservative Political Action Conference (CPAC), a panel discussion titled "The New Axis of Evil: Soros, Schwab, and Fink" focused on the influence of wealthy elites, including BlackRock, in promoting far-left policies in the United States and worldwide.
 
Public opinion can shift by raising awareness about BlackRock's questionable plans and actions, putting pressure on Fink's corporate giant.
 
The impending economic collapse will likely lead people to seek out those responsible for the crisis, with BlackRock being a key player.
 
It remains to be seen whether BlackRock will be able to maintain its power and influence now that it is in the spotlight and public sentiment is turning against it.
 
24/04/2023

There you have it... What is your take on BlackRock... Good or Bad?
 
Source
Adapted from: https://www.naturalnews.com/2023-04-24-everything-you-need-to-know-about-blackrock.html




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