BlackRock, a powerful Wall Street fund with $9 trillion in assets under management, is the secret force behind many major corporations and has significant influence over economic policies, causing concern for its potential impact on the global economy.
Abstract
BlackRock, founded by Larry Fink in 1988, is the largest asset management firm in the world, with assets under management larger than the GDP of every country except China and the United States. The article expresses concern over BlackRock's influence, as it owns significant shares in major corporations and has been involved in government bailouts during the 2008 financial crisis. BlackRock's influence extends to the media, as it owns part of CNN and FOX, and it has the ability to manipulate consumer behavior. The article also notes that BlackRock has executives in President Joe Biden's cabinet and has been unofficially named the "fourth branch of government" due to its influence in government affairs.
Opinions
BlackRock's immense wealth and influence are a cause for concern.
BlackRock's ownership of shares in major corporations and involvement in government bailouts is problematic.
BlackRock's influence over the media and consumer behavior is concerning.
BlackRock's presence in the Biden administration and its unofficial status as the "fourth branch of government" is a cause for concern.
The lack of media coverage on BlackRock's influence is suspicious.
The economic pressures facing the economy, combined with BlackRock's power, are a cause for concern.
Larry Fink's desire to be perceived as a "good human being" and his pride in remaining the "same turd" he was 30 years ago is questionable.
BlackRock: The Secret Company that Owns the World
Hyperinflation is going to change everything. It’s happening.
Now we’re on the brink of economic collapse, the likes of which we haven’t seen since 2008. It turns out printing one-fourth of the total money supply in a matter of months isn’t a good idea. Who knew?
To make matters worse the company secretly pulling the strings behind everything is about to take center stage.
Enter BlackRock — the company that owns you and you don’t even know it.
Why You Should Be Scared of BlackRock
Founded by Larry Fink in 1988, BlackRock is the most powerful Wall Street fund in the world with $9 trillion worth of assets under management. That’s larger than the gross domestic product (GDP) of every single country around the globe, with the exception of China and the United States.
If you were to make $1 every second, you would be worth as much as BlackRock in about 240,000 years.
I know. You’re sick of it. There are plenty of companies and powerful people that have enough blood money to grind everyone into a paste. But here’s why you should be particularly scared about BlackRock.
BlackRock’s absurd liquidity means that if you look at just about every major publicly traded company in the world you’ll find that BlackRock is its first, second or third-largest shareholder. Go ahead, try it.
Now, with that out of the way let’s talk about why you shouldn’t be scared of BlackRock. You should be terrified.
What BlackRock Does is Terrifying
If you put the big three asset management firms together being BlackRock, Vanguard and StateStreet, they control a collective of $15 trillion dollars. That’s roughly 70% of the United State’s GDP.
But this isn’t why you should be terrified of BlackRock. You should be terrified because they are the lynchpin between Wall Street and Washington D.C.
During the 2008 housing crisis when the government bailed out “too big to fail” giants like Lehman Brothers, Citi Group, AIG, Fannie Mae and Freddie Mac who do you think the Federal Reserve hired to clean up the mess?
You guessed it, BlackRock.
“Prior to 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!” — Even Heike Buchter, German financial correspondent covering Wall St. for over a decade
What made all of this worse is that BlackRock held significant shares in the exact institutions they were helping bailout. In finance we call this “circular ownership.” I just call it horse shit economics.
BlackRock also owns part of CNN and FOX, meaning they can unilaterally influence bipartisan information flow.
Oh, and they manipulate what we buy, sell, consume, and even where we decide to live. They also own our politicians.
According to William D. Cohan, author of the best-selling ‘House of Cards,’ BlackRock’s founder Larry Fink is “like the Wizard of Oz. The man behind the curtain.”
In fact, since BlackRock has a habit of creating “shadow cabinets” before presidential transitions, they’ve been unofficially named as the “fourth branch of government” by the media and those in the financial industry.
The reason why BlackRock is so efficient in helping out governments around the world is they use an extensive technology program called ‘Aladdin,’ which operates more than $21.6 trillion is assets.
The Tl;dr is that Aladdin is approximately 5,000 supercomputers that now act as the central nervous system for the world’s most sophisticated investors and asset managers.
Here’s what’s going to happen next.
[Cue dramatic end of the world music]
Earlier in the pandemic, BlackRock helped the Federal Reserve manage to buy corporate bonds (i.e. when the government buys corporate debt to bail them out) and will probably do it again in the coming months.
My prediction is that after the holidays the Biden administration and media narrative will shift from COVID-19 to a ‘total economic collapse’ mantra. Americans will be fed up with a disease with a 98% survival rate when they don’t have any money to eat or enough gas to drive up the road.
I don’t want to get into conspiracy territory here, but most media coverage of BlackRock seems to get quietly de-prioritized and shuffled out of the mainstream view. It’s effectively deleted.
Meanwhile, there are many forces pressing against the economy right now. I’m not sure what will happen next. Maybe you, myself and the rest of my readers should pool our funds together and start a bunker out in Nevada or something. Nobody from BlackRock is getting an invite.
And if you still don’t believe that BlackRock is trying to downplay their power just hear what their founder said in an interview with Bloomberg:
“This may sound trite, but it’s really important for me to be perceived as a good human being, a caring individual who always comes across as real and unpretentious. And one thing I tell everybody — you may not be able to print this — is that I’m the same turd I was 30 years ago, and I really am proud of that.” — Larry Fink, CEO of BlackRock
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